Baroda developing fast

BarodaBy Accommodation Times News Services

Baroda: The city is best known for the culture center, education center of Gujarat. It is the fourteenth largest city in the country. And today, the city is set IT industry expansion and real estate boom. Baroda is the third choice after Ahmedabad and Surat when it comes to making investing in real estate. After the industrialization in the late 60′, the city had succeeded to utilize its potential and attracted various industries. The city is will connected to major commercial cities – Mumbai and Delhi by road, rail and air. With its cosmopolitan feel and amalgamation of culture, it appears an ideal city for NRIs to settle down in. The west side of the city is largely considered for residential complex, world-class condos and office
structures.
The areas best suited for residential properties are New Sama Road, Wasna Syed Road, Alkapuri and Nimeta Garden while for commercial purposes there are openings at Alkapuri, Jaisalpur and Karelibaug.
The Vadodara Urban Development Authority has signed MoUs worth Rs 3,425 crore with different construction companies for real estate projects including establishment of residential segment, IT Parks, and office space around the city. Along with this ,another major development is that a Singapore real estate company will develop SEZ on 550 acres of land. These developments will surely hike the property prices at the sky. Narayan Housing is to pump in Rs. 500 crore to develop a Rs. 520 crore housing project at Hanumanpura. L&T has proposed a Rs. 600ocror technology park in Bapod-Ankhol. Akruti Nirman has signed a MoU to develop a Bio IT park on 708 acres of land in Savli, Vadodara.
An education hub and well connected to major commercial cities of the country.
New Sama Road, Wasna Syed Road, Alkapuri and Nimeta Garden are ideal places for residential , while Alkapuri, Jaisalpur and Kareibaug for commercial properties.
NRIs and foreign investors investing in the city with a huge number.





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