How Vadodara trends into a blend of Affordable & luxurious housing?

Summary: 

2015 is another golden year for Gujarat. The state continues to top in the list of Business confidence Index and industrial output among all the 29 states of India. The Vibrant Gujarat summit held in the month of January 2015, added more vibrancy to the Real-estate developers in developing luxury residential apartments as companies and partner countries commit to large scale investments in the state.

Vadodara is another city which is going to take advantage of this growth momentum. The city is 140 kms from Gandhinagar and is the 3^rd largest city after Ahmadabad and Surat. Vadodara is a major hub for cotton textiles, chemicals, machines tools and pharmaceuticals. With the latest developments in terms of growth, industrial corridors the city’s residential apartment hunger has once again piqued the interest of NRIs and Indian residents alike.

The city is mainly an end user market and not speculative in nature, which generally happens in Tier-I cities like Mumbai and Delhi. The main locales of interest are Waghodia Road, Gotri and Vadodara-Halol Expressway and VasnaBhayli.

The real estate market in the city is showing signs of a pickup with a growing number of investors looking for plots in Vadodara. It is also known as a pensioners’ city because a large number of non resident Indians come back to this place.

Vadodara is an arch type tier II city where the prices of houses have been holding. The main reason for it, is this city is mainly an end user market not a speculative one like the bigger cities.

The industry and commerce sector is shifting to the outskirts of the city so the main focus for developments are now on the outskirts. The lower cost of land on the fringes of the city could be the main reason for this move. Real Estate developers in Vadodara plan to offer a better choice, which would make an improvement on the quality of life of the home buyer. There is also a lot of interest shown for luxurious apartments in Vadodara.  

Also the rental returns seem to be a safe and stable investment proposition. It not only guarantees a regular secondary income but also gives a satisfaction of owning a property at economical rates. The current market scenario in Vadodara is an open invitation to those looking for some steady rental income without burning a hole in their pockets.

To invest in luxurious apartments in Vadodara is the latest trend catching up in the real estate sector. At this point of development stage, this city offers luxury apartments with modern amenities. The main advantage of buying a luxurious apartment in Vadodara is that they come at a mid-range cost neither high nor too low.

Many giant real estate firms plan to develop luxurious gated community apartments in Vadodara which provide safe & secure amenities to their customers. Due to the huge industrial developments happening, it’s always a good decision to invest in luxurious apartments in Vadodara at this point of time. It’s because of these reasons many retired citizens and non residents of India are portraying their interest to invest in luxurious apartments in Vadodara.

Although considered as an affordable housing destination, looks like Vadodara is slowly catching up with the cities offering luxurious apartments to the elite of the society.