Published On: Tue, Apr 15th, 2014

Ahmedabad -Vadodara expressway is beneficial for realty growth

By Accommodation Times News Services

Highway ImageAhemdabad-Vadodara Expressway has proved to be the reason for the growth of real estate projects around the area.  The expressway has improved the connectivity between the satellite towns and urban cities. Ahmedabad Vadodara Expressway is not only a connecting point but it is, in fact, cross connection of the vibrant economies of two cities i.e., Ahmedabad and Vadodara. As far as property market is concerned, these two cities attract nearly two thirds of the entire market size of the state.

It has encouraged affordable housing in the satellite towns, it has also flourished some of the small and medium enterprises (SMEs) along the expressway.

As a matter of fact, the big ticket corporate presence in the region indicates that the expressway has been a catalyst in the growth of the region. It is estimated that most of the big ticket investments in these two markets, of late, have been along the stretch of the expressway.

Hence, no other expressway is as much strategically positioned as this one and it has helped in the growth of the Gujarat real estate market, to a very large extent. Manan Choksi, regional director, REMAX MGM, agrees to this and says, “The strategic importance of Ahmedabad Vadodara Expressway for Gujarat property market cannot be denied. It has reduced the travel time from Ahmedabad to Mumbai and between all the main cities of the state. The movement of goods and people has facilitated trade like never before. People can easily commute from Nadiad, Anand, Vadodara to Ahmedabad and vice versa and this has led to increase in the floating population in Ahmedabad. A lot of warehousing options have also come up in the either ends of this expressway.”

Analyst suggest that more efforts should be taken for the fast track growth of property market along Ahmedabad Vadodara Expressway. However, to facilitate more development along the expressway, there should be more exits.

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