Hello All,

I am interested in buying a house / land in Vadodara - Gujarat with a dual purpose of investment and retirement planning.

I heard that East of NH-8 is attracting a lot of corporate investments in areas of Nimeta, Savli, Hanumanpura, Vaghodia etc. Heard DLF has purchased some 400+ acres of land there. Is the story TRUE ? or just rumours. How attractive is Vadodara in terms of investment ? Does it make sense to do real estate investment with a time horizon of 10-15 years ?

Is anyone aware of current ongoing rates per Sft / Vigha in areas like Hanumanpura, Ajwa, Nimeta, Saavli, Vaghodia ?
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  • If you want to go into Vadodara with a 10 to 15 years time period, then do it. With Anand and Surat fairly near by as well as the Highway connecting Ahmedabad and Vadodara, it is a fair investment to make. You have to consider that growth in Vadodara may not be as explosive as surrounding regions mentioned, especially SEZ oriented Surat and populated Ahmedabad.
    There is growth towards Old Padra area inside Vadodara and that side, as well as other areas.
    You could invest and rent out the building until you decide to retire and come there.
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  • Thanks for your thoughts. I am of the opinion that Vadodara may score higher in attracting IT investments than Surat because of English speaking, working class educated work force is concerned due to many educational institutes. Surat has more of business class and trader community and mostly it is Gujarati Vernacular language predominant there. I think that way Vadodara is more cosmopolitan.

    What are other viewers thoughts ?
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  • Regardless, even though you could be very correct, real estate projects require, usually or sometimes, a certain population number. If that is not reached, then there is a chance that the project(s) will not be followed up.

    Ahemedabad should come before Vadodara... Nevertheless it would be perhaps futile to ponder guesses and better to seek facts. Contact a local broker.
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  • Real Estate in Ahmedabad

    Yes, you are very true now a days many Intl companies are coming in Ahmedabad. You can see now MNC's Hoarding in Ahmedabad.

    and DLF also has purchsed land in Gandhinagar.


    Regards,
    Kirpal
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  • Vadodara better investment option that Surat

    I feel that Vadodara would be a better investement proposition that Surat. One is that what others have pointed out the gentry staying in Vadodara and the other thing which I feel is that, Vadodara is still in the nacent stages of developement as compared to Surat which has seen a huge increase in the property and land prices in the last 1 year. Rates in Vadodara are much more resonable. Also if you are not planning to move to Vadodara immediately , invest in retail land only.
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  • Low rentals bring BPOs to Vadodara

    IT-ITeS exports from Vadodara touched $46 mn in '07 from $11 mn in '05.

    The subprime crisis may have been a growth constraint for most of the IT and BPO companies in the country but it could prove to be a blessing in disguise for Gujarat. Having to cut down operation costs in the wake of the crisis, a number of companies are turning not only to Ahmedabad but also to Vadodara in a big way.

    While the Ahmedabad-Gandhinagar cluster stands out as the premier IT-ITeS hub in the state with more than 360 companies including TCS, MphasiS, Aegis, Satyam and Patni, Vadodara could well be the next IT hub of the state.

    The signs are already visible. As per the latest CII-KPMG report titled ‘Gujarat Riding on Indian Off-shoring Boom’, IT-ITeS exports from Vadodara have jumped from $11 million (approximately Rs 43 crore) in 2005 to $46 million (Rs 180 crore) in 2007 where both IT and ITeS exports have grown at almost the same pace. Moreover, the number of companies in the IT-ITeS segment has gone up from 77 in 2006 to 87 in 2007.

    SEZs approval
    The city has already received formal approval for three SEZs, which include Nipiam Infotech’s IT-ITeS SEZ on 220 acre, Suzlon Infrastructure’s 101 acre SEZ for hi-tech engineering products and GIDC’s 14 acre SEZ for the biotech industry.

    Vadodara also houses L&T e-engineering, one of the highest ITeS exporters from the state, which is planning further expansion. Officials from the company said they would soon set up a ‘Knowledge City’ on 112 acres near Vadodara, for which a considerable amount of investment is expected.

    The Knowledge City would consist of 11 buildings to be constructed in the first phase and house offices of L&T's e-Engineering Solutions, L&T Chiyoda and others. Other facilities include convention centre, employees’ hostel, residential colony, and food courts. prominent companies

    Other prominent companies who have set up shop in the city include Fortune Infotech, dealing in audit and non-audit services, Global Consultants Inc, which is into reconciliation-based work, and IntelQ, an IT staffing and solution delivery as well as HR outsourcing and e-engineering company.

    Though, the Ahmedabad-Gandhinagar cluster recorded IT-ITeS exports worth $82.1 million (approximately Rs 320 crore) in 2006-07, nearly double as compared with that of Vadodara, industry experts say real estate cost is a major advantage that Vadodara holds over other cities in the state.

    Ahmedabad, on an average, offers 40 per cent lower rental rates as compared with tier I locations like Mumbai, Bangalore and the National Capital Region. Rentals on the Sarkhej-Gandhinagar highway, and Satellite areas where a couple of ITeS players are based, are Rs 25-30 per sft.

    As compared with Ahmedabad, rentals in Vadodara are at least 10 per cent lower and 50 per cent cheaper than tier I locations. Lease rentals hover around Rs 20-25 per sft. Even Surat, whose IT exports touched just $1.2 million (approximately Rs 4.7 crore) in 2007, could prove to be a costlier proposition for companies. Lease rates in areas like Majur Gate and Ring road in Surat are in the range of Rs 30-40 per sft a month.

    However, that hasn’t stopped Caliber Point, the BPO subsidiary of Hexaware Technologies from considering Surat along with Ahmedabad as the target locations for a pharma SEZ it is considering to set up in the state.

    “We are looking at setting up an SEZ in the pharma sector by the last quarter of 2008. We propose to invest around Rs 40 crore for the same,” says Ashok Bildikar, president and executive director, Caliber Point.


    - Business Standard
    24th Feb, 2008
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  • Can Vadodara still be worth investing in now?

    The real-estate prices have been rising in vadodara for the last one and a half years and now seem to have reached a plateau stage. When the all-india current trend for real-estate is towards somewhat declining stage, then how can vadodara give good return now?especially when there is not much to see in terms of growth , infrastructure, and there are instances of water-logging. Also, as there are better investment destinations available nearby, investing in Vadodara at this already increased stage might prove to be a costly affair, as prices might even start coming down now, and trends are already visible.
    However, for retirement planning Vadodara might still be good but not anymore for getting return on investment.
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  • The Vadodara collectorate has planed to project the district as the best investment destination in the state during the next Vibrant Gujarat Global Investors’ Summit to be held in January 2013.

    To execute the plan, the district administration has collaborated with the Federation of Gujarat Industries (FGI). As per the agreement, FGI will set up an exhibition focusing on agri-engineering and automobile industry at the summit venue — Mahatma Mandir — in Gandhinagar. While the collectorate will provide legal advice to industries, FGI will play the role of a facilitator.

    According to District Collector Vinod Rao, Vadodara has an edge over other districts in attracting investment. “Land prices here are lower than Ahmedabad and Surat. Besides, the city offers high quality of life at low cost. We have excellent infrastructure. We have an airport, a port nearby in Dahej and an excellent road and rail connectivity. The district is a power hub,” he said.

    FGI believes big-ticket investment will boost ancillary industries in the district. “Vadodara is a manufacturing hub for electrical goods. Hero is coming up at Halol besides General Motor’s plant there. Vadodara has the potential to emerge as an auto-ancillary hub as well,” said FGI vice-president Amit Patel.

    Chinese transformer manufacturer TBEA and TTK Prestige Group of India are among the companies which will be setting up manufacturing facilities in Karjan taluka of the district after signing separate memoranda at the last investors’ summit.

    Rao said his office would soon set up an industry cell at the district collectorate to exclusively handle matters of land and other clearances. “Many a time, industrialists end up buying land that later turns out to be disputed. This leads to delays, and sometimes, cancellations of projects. To overcome such issues, the industry cell will guide investors what type of land to buy,” he added.


    Vadodara admn in overdrive to attract investors - Indian Express
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  • Vadodara Attractive Investment Destination In Gujarat India


    Vadodara is one of the cosmopolitan cities of India. It is located in the central part of the Indian state, Gujarat. It is basically known as the largest beneficiary to the Indian process of industrialization. A number of factors such as the availability of raw materials, financial resources, product demand, material and financial resources, skillful mobilization of human resources and, last but not least, thriving public and private entrepreneurs have made Vadodara one of India's fastest growing industrial centers.

    Vadodara is very well backed by both support and social infrastructures, which are sufficient for the process of investing. It has a sophisticated power supply network, which contains 48 sub stations and has six gas pipelines. The water supply is also systematic and several projects have been undertaken for the purpose of irrigation and industrial uses.

    It also has a sophisticated road, rail and air connectivity, all of which will make Vadodara a preferred destination to invest in India.


    Investment Opportunities in Vadodara

    The investment opportunities in Vadodara are pervasive in almost all sectors and some of the major industries include:

    Food And Agro-based industries: Rice Pearl, Cotton ginning and Pressing , Dehydration Plants

    Mineral Based Industries: Cement pipe production, quarry, mosaic, micronized minerals, tar and so on.

    Engineering: Machinery and Electronic equipment, Construction of windows and grills.

    Chemicals: Metal, wood, pesticides, varnishes, cosmetics, perfumes and many more.

    Forest related industries: Furniture, Ayurvedic medicines

    Animal related industries: Dairy, Poultry, Cattle feed, wool, leather, bone fertilizers

    Plastic: Molded Electronic accessories, melamine crockery, submersible pumps, polythene bags

    Textiles: Carpet weaving facilities and silk production

    Vadodara has already attracted a number of foreign investors. This can be corroborated by the presence of several Multinational Companies such as the French Petrochemical company, ABB. The ABB is planning to invest $500 million in its Vadodara plant to use it as a worldwide source base for electrical equipment and circuit breakers.

    However, the main cynosure of Vadodara for investors lies in the Vadodara - Ankleshwar Industrial Area which is strategically located and has easy access to the Dedicated Freight Corridor (DFC) which links Vadodara with the major dominating cities in India and also provides additional value to investors in the Vadodara - Ankleshwar region. Its key sectors include Biotech, Chemicals and Petrochemicals, and Food and Agriculture. Its industrial infrastructure contains 13 industrial estates and 3 SEZs. It also has a touch of the future outlook and has export oriented industrial units, Ceramics, Chemicals, Pharma and Textile industries and has SEZ to cater to engineering. It has integrated townships for investors and has an opportunity for development of Duel fuel and Gas based captive plants.

    The state government of Gujarat is also keeping no stone unturned to attract investors to Vadodara under its Vibrant Gujarat global investors Summit - an initiative of the state government of Gujarat - to attract more and more foreign investment to Gujarat. With all the favorable investing opportunities, and a Vibrant backing of the government, Vadodara is surely one of the best investment destinations in India



    Vadodara Attractive Investment Destination In Gujarat India
    CommentQuote
  • Vadodara Attractive Investment Destination In Gujarat India


    Vadodara is one of the cosmopolitan cities of India. It is located in the central part of the Indian state, Gujarat. It is basically known as the largest beneficiary to the Indian process of industrialization. A number of factors such as the availability of raw materials, financial resources, product demand, material and financial resources, skillful mobilization of human resources and, last but not least, thriving public and private entrepreneurs have made Vadodara one of India's fastest growing industrial centers.

    Vadodara is very well backed by both support and social infrastructures, which are sufficient for the process of investing. It has a sophisticated power supply network, which contains 48 sub stations and has six gas pipelines. The water supply is also systematic and several projects have been undertaken for the purpose of irrigation and industrial uses.

    It also has a sophisticated road, rail and air connectivity, all of which will make Vadodara a preferred destination to invest in India.


    Investment Opportunities in Vadodara

    The investment opportunities in Vadodara are pervasive in almost all sectors and some of the major industries include:

    Food And Agro-based industries: Rice Pearl, Cotton ginning and Pressing , Dehydration Plants

    Mineral Based Industries: Cement pipe production, quarry, mosaic, micronized minerals, tar and so on.

    Engineering: Machinery and Electronic equipment, Construction of windows and grills.

    Chemicals: Metal, wood, pesticides, varnishes, cosmetics, perfumes and many more.

    Forest related industries: Furniture, Ayurvedic medicines

    Animal related industries: Dairy, Poultry, Cattle feed, wool, leather, bone fertilizers

    Plastic: Molded Electronic accessories, melamine crockery, submersible pumps, polythene bags

    Textiles: Carpet weaving facilities and silk production

    Vadodara has already attracted a number of foreign investors. This can be corroborated by the presence of several Multinational Companies such as the French Petrochemical company, ABB. The ABB is planning to invest $500 million in its Vadodara plant to use it as a worldwide source base for electrical equipment and circuit breakers.

    However, the main cynosure of Vadodara for investors lies in the Vadodara - Ankleshwar Industrial Area which is strategically located and has easy access to the Dedicated Freight Corridor (DFC) which links Vadodara with the major dominating cities in India and also provides additional value to investors in the Vadodara - Ankleshwar region. Its key sectors include Biotech, Chemicals and Petrochemicals, and Food and Agriculture. Its industrial infrastructure contains 13 industrial estates and 3 SEZs. It also has a touch of the future outlook and has export oriented industrial units, Ceramics, Chemicals, Pharma and Textile industries and has SEZ to cater to engineering. It has integrated townships for investors and has an opportunity for development of Duel fuel and Gas based captive plants.

    The state government of Gujarat is also keeping no stone unturned to attract investors to Vadodara under its Vibrant Gujarat global investors Summit - an initiative of the state government of Gujarat - to attract more and more foreign investment to Gujarat. With all the favorable investing opportunities, and a Vibrant backing of the government, Vadodara is surely one of the best investment destinations in India



    Vadodara Attractive Investment Destination In Gujarat India
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  • Does any one know ongoing rate for residential property in Badoda and what is promising cosmopolitan area to buy a flat
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  • Originally Posted by Nitin_P
    Does any one know ongoing rate for residential property in Badoda and what is promising cosmopolitan area to buy a flat



    in which u r looking different area has different rates
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  • Is vadodara still attractive for investment? How is the eastern side of vadodara near L&T knowledge city coming up? Is it advisable to invest in this area?
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  • investment in baroda has to be very long term(5-10 yrs) as explosive growth has not been seen there, but yes for living i will say it is the best city in india(not an overstatement by any means), as u get the best of gentry with compact size and all needs of a metro city can be met. also distances in gujrat though look large in kms r actually covered much faster due to excellent roads. so ultimately look for property as end user or long term, and preferably land(plots) for better returns. i have been living myself in baroda for 25 yrs now.

    the l&t area is new developing and will take few years to be truly liveable. rates r also very modest compared to other cities(in range of 1800-2500 rssqft.) many options r also coming up at rhino circle and new areas of gorwa,tandalja and gotri road towards anand. but as always see the property fully before buying.
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  • I came to know there are many plotting schemes available on the Ajwa-Nimeta road and it is also marked as non-industrial zone. Are there any good options on this road?
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