Ahmedabad, the vibrant city of Gujarat, is witnessing a remarkable boom in its real estate market in 2024. With a growing population and increasing job opportunities, various localities are becoming highly in demand for residential properties. In 2024, the real estate market in Ahmedabad is thriving, with over 3,000 housing projects currently under construction. Property prices have shown a steady increase of around 9%, driven by the growth of the IT sector and other industries in the region. Despite this increase, the market remains accessible, particularly for mid-segment buyers, with residential units typically priced between INR 4,000 and 6,000 per square foot.
As infrastructure expands and connectivity improves, areas such as Sola, Satellite, Science City Road, Shilaj, and Bodakdev are emerging as the top choices for real estate investment. This growth presents a unique opportunity for investors and homebuyers alike. Let’s take a look at the top new areas in Ahmedabad that could offer great investment returns.
Emerging Residential Areas in Ahmedabad
1. Sola: A Rapidly Developing Neighbourhood
Sola is becoming a popular residential area in Ahmedabad, known for its quiet surroundings and modern facilities. Located in the northwestern part of the city, it has well-designed homes, parks, and good schools, making it great for families. The area offers spacious living and a friendly community atmosphere, along with easy access to shops and workplaces. Sola is a wonderful choice for those looking for a quality lifestyle.
Nearby Landmarks in Sola:
Educational Institutes:
- SAL Institute of Engineering
- JG International School
- Gmers Medical College
Shopping Centres:
- R3 Mall
- Palladium Mall
Healthcare Facilities:
- Shalby Multi Specialty Hospital
- Global Hospital
Commercial Hubs:
- ISQUARE Corporate Park
- Shilp Corporate Park
- Magnet Corporate Park
Average Property Rates:
- Residential Buy ₹₹ 7,400- ₹₹ 12,700 / sqft
- Rent ₹13- ₹21 / sqft
2. Satellite: An Upscale Living Destination
Satellite is among the most prestigious residential neighborhoods in Ahmedabad. Known for its modern lifestyle, it attracts affluent buyers looking for luxury living. This area is filled with luxurious residential properties and premium shopping malls. Families and professionals enjoy the variety of amenities available, making it a desirable place to live. With its mix of stylish living and convenience, Satellite is a top choice for those who want a high-quality lifestyle in the city.
Nearby Landmarks in Satellite:
Educational Institutes:
- Satellite School for Children
- Ahmedabad International School
- Educare Institute
- Saturn UPSC GPSC Training Centre
- Shri Narayana Central School
Shopping Centres:
- Brand Factory
- Star Bazaar
- Iscon Mega Mall
Commercial Hubs:
- Alpha Business Park
- Pinnacle Business Park
- Parshwanath Business Park
- Navratna Corporate Park
Healthcare Facilities:
- Silver Touch Hospitals
Average Property Rates:
- Residential Buy ₹₹ 6,000- ₹₹ 9,100 / sq ft
- Rent ₹17- ₹28 / sqft
3. Shilaj: Serene and Well-Planned
Shilaj offers a serene atmosphere with well-planned residential areas in Ahmedabad. The locality features spacious homes and plenty of green spaces, making it ideal for families. Residents enjoy a peaceful lifestyle, surrounded by nature and a friendly community. Parks and recreational areas enhance the environment, promoting outdoor activities and relaxation. Shilaj’s layout encourages a strong neighbourhood, where families can thrive and children can play safely. It’s a perfect choice for those looking to escape the hustle and bustle of city life.
Nearby Landmarks in Shilaj:
Educational Institutes:
- Amrut Indian School
- Shilaj Primary School
Shopping Centres:
- SG Mall
- Orchid Mall
- The Acropolis
Healthcare Facilities:
- Health1 Super Speciality Hospital, Shilaj
Commercial Hubs:
- Shilp The Address
- Shilp One
- Times Square 1
Average Property Rates:
- Residential Buy ₹₹ 4,300- ₹₹ 6,600 / sqft
- Rent ₹13- ₹23 / sqft
4. Bodakdev: A Prime Commercial and Residential Mix
Bodakdev is a thriving locality that successfully combines residential and commercial spaces. This area is strategically located near major corporate offices, making it a hotspot for professionals and investors. With a focus on community and convenience, Bodakdev is an ideal spot for those seeking real estate residential property in Ahmedabad. It provides a dynamic lifestyle while being close to work and leisure activities.
Nearby Landmarks in Bodakdev:
Educational Institutes:
- Ahmedabad International School
- Prakash School
- Narayana Institute (IIT-JEE/NEET/Foundation)
Shopping Centres:
- The Acropolis
- Himalaya Mall
- Iscon Mega Mall
Hospitals:
- Apollo CVHF Heart Institute
Commercial Hubs:
- Shafalya Elegance
- Pinnacle Business Park
- Navratna Corporate Park
Average Property Rates:
- Residential Buy ₹₹ 6,700- ₹₹ 10,100 / sq ft
- Rent ₹17- ₹29 / sq ft
Conclusion
As Ahmedabad continues to grow, these emerging residential areas, Sola, Satellite, Shilaj, and Bodakdev offer excellent investment opportunities in 2024. Each locality presents unique features, appealing to different buyer preferences, from family-friendly neighborhoods to upscale living destinations. Investing in these areas not only promises potential returns but also ensures a quality lifestyle in one of India’s most dynamic cities. Whether you’re looking to buy your first home or seeking a lucrative investment, these neighborhoods are shaping the future of Ahmedabad’s real estate landscape.
At Shafalya Infra, we focus on turning your property dreams into reality, driven by the trust of our satisfied customers. Our great success shows our hard work and commitment, with every project such as The Verity, Veritas, and Aurum Legacy, We work hard to meet and surpass the expectations of our customers and investors, delivering excellent quality and ensuring their satisfaction.