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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  • Makarpura, Vadodara

    What are the upcoming infrastructure development in Makarpura area?
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  • The Vadodara Municipal Corporation (VMC) has obtained around 1.6 lakh responses from citizens for the Smart City Project. The suggestions will be incorporated in the proposal that the VMC prepares for the Central government.

    As a part of its initiatives to increase citizens' engagement for the project, the civic body will also hold the National Book Fair in the city from May 27 to May 31.

    The VMC that has been allocated space at the event will hold consultations on Smart City at the location. Citizens visiting the fair will also be encouraged to fill up forms to express their opinion on the Smart City Project. The civic body expects that two to 2.5 lakh visitors will attend the event.

    In all 180 book stalls will be put up at the event besides space for seminars and cultural programmes. The domes for the fair will be air conditioned and entry to the event will be free. The fair will come up on an area of one lakh square foot in the Navlakhi Grounds.

    Mayor Bharat Dangar said that the event will put no financial burden on the civic body. "It has been planned on a self-sustaining model," said
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  • If the promises made at the recently held Vibrant Gujarat Business Summit were to bear fruit then real estate in Gujarat is in for a major boost. Three industrialists have promised to invest over INR 1,20,000 crore into Gujarat. Mukesh Ambani, Managing Director of Reliance Industries Ltd, has promised INR 100,000 crore, while Kumar Mangalam Birla, the Chairman of Aditya Birla Group said he would invest IR 20,000 crore in infrastructure. Sam Walsh, the CEO of Rio Tinto, the British-Australian mining biggie has promised to add 30,000 jobs to Gujarat’s diamond cutting industry. All this is music to the ears of the real estate developers who must be already at their drawing boards getting the blue prints for the commercial, residential and retail developments. It is also good news for those who wish to invest in this area, as property prices are destined to soar, according to experts. Vadodara also stands to benefit if these developments which have been promised actually take place. This city is about 140 km from Ahmedabad and is the third largest one in the state after Ahmedabad and Surat. The real estate market in the city is showing signs of a pickup with a growing number of investors looking for plots in Vadodara. Vadodara, which was earlier known as Baroda, is a major hub for cotton textiles, chemicals, machines tools and pharmaceuticals. 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, realtors say, is this city is mainly an end user market not a speculative one like the bigger cities Ahmedabad and Surat. Like other cities, industry and commerce is shifting to the outskirts of the city so the developments are now happening on the outskirts. The main reason for this move could be the lower cost of land on the fringes of the city. The other reason could be that the developer could plan and 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 flats in Vadodara. The localities of interest are around Waghodia Road, which is on the east of the city and Gotri, which is on the west. The other areas where residential developments are taking place are on the Vadodara-Halol Expressway and Vasna Bhayli. New housing is also coming up in Ajwa Nimeta, a village which is about 15 km from the city. On the anvil is the Mumbai-Vadodara Expressway which will further boost prices of flats in Vadodara. This expressway, which if materializes, is expected to connect Vadodara with Mumbai. The estimated cost of this project is about INR 6672 crore. Another development which will help the real estate in Vadodara is the Fatehgunj flyover, which when operational, will ease the traffic congestion in the city. Fatehgunj is one of the most happening places inVadodara and is popular with young people. Plots in Vadodara are mainly to be found along the Vadodara-Halol Expressway. This is one of the growth corridors in Vadodara and is close to the airport. There are also a number of industrial and manufacturing companies located in Halol which is why housing is in demand in this locality. Those who wish to invest in a plot in Vadodara could think of this locality as it likely to appreciate and there would always be someone to rent the place (once constructed). Gotri-Sevasri and Vasna-Bhayli are both rapidly developing residential localities in Vadodara. The demand for houses in this area is mainly from the upper middle class and the middle class. Good connectivity to the Central Business District of Alkapuri is one of the reasons why Gotri-Sevasri is very popular. Nina Varghese for ****************** Image: By StapelChips (Own work) http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
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  • The Vadodara Urban Development Authority has signed MoUs worth Rs. 3.425 crore with different construction companies for real estate projects in Vadodara including establishment of residential segments, IT parks, and office spaces around the city.
    A Singapore real estate company has come up with a proposal of developing a Special economic Zone (SEZ) on 550 acres of land in Vadodara. Once the SEZ is in place, property prices in Vadodara will hit the sky. The announcement has encouraged a number of real estate agents and investors to buy properties in Vadodara thereby securing healthy returns for future.
    Known as the cultural capital of Gujarat, Vadodara enjoys great advantages mainly because of its strategic location. Also, this is a reason for a boom in Vadodara real estate. Few years back, no one could imagine such a bright future for Vadodara Properties.
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