“Gujarat going to surprise India in 2019”
Gujarat offers vast amount of specific policies designed for all industries. GDCR offers best guidance to develop in any part of the state. Buyers / Investors today feel secured hence the wealth is easily managed, feels, Keyur Kheni, CEO – Hindva International
- Distinct feature of the state of Gujarat
Gujarat is locationally the first top line western coast of India having nearly 1600km of sea belt. The state is enriched with flows of sweet water rivers and in timeline of past three decades, state has emerged as hub of Multi manufacturing industries, which also enabled rapid growth of Real Estate through growth of state’s population and certain result of new migrants from other parts of the country.
- Leading realty markets (cities) in Gujarat?
Ahmedabad, Surat, Rajkot, Vadodara are leading whereas, Gandhinagar, Dahod, Bhavnagar and Jamnagar are upcoming.
- The established & upcoming micro-markets in the leading cities of Gujarat
Commercial businesses which involves sales or trading of products or services, Healthcare and Hospitality are well established micro engines of Gujarat’s leading cities where now, creative smart Information Technology related support businesses, restaurants and leisure places are being emerged as new microeconomics of the state.
- Progress on proposed smart city plans for Gujarat cities
The smooth growth of any city is reflected through Real Estate development across and India has nearly 100s or tier-II cities which are going to become semi metros. All these cities have new urbane population who are now connected and fulfilled with basic needs of life. Gujarat’s 6 cities (Ahmedabad, Surat, Vadodara, Rajkot, Gandhinagar and Dahod) are part of amongst top 100 smart cities and infrastructural upgradation is ongoing at vast level. Airports, Railways and Metro Rail developments, unique designer overbridges, internal city-roads widening, beautification of landmarks, restoration of historical landmarks etc are the current progress activities of these cities.
- Buyers trend & investment opportunities that the state offers
Gujarat offers vast amount of specific policies designed for all industries. GDCR offers best guidance to develop in any part of the state. Buyers / Investors today feel secured hence the wealth is easily managed. Specifically taken real estate into consideration, the buyers have Rs 3 lacs to may be Rs 12 crores worth of offering from commercial to residential or industrial to leisure-hospitality related offerings average across the state.
- The challenges facing the real-estate developers in the state
Demonetisation, RERA and GST brought fresh perspectives of growth into the minds of today’s population which blocked the movement of fund flow in market for a while, which was challenging for developers to visualise future. However the challenge now have almost diminished and by year end of 2018, state shall see great new demands in Real estate and sales figure would rise.
- Some of the road blocks in the progress of the economy of the state impacting the realty market
Earlier there were few but at present in April 2018, I do not see any hurdle.
- Overall prospects of real-estate market in Gujarat going forward
The state is going to surprise India in 2019 with deliveries of multi unique real estate products that have been under development post economical evolution of country.