There is always a term which goes in the real investment circles: “Once in the news, it is already too late.” This is pretty much applicable in stock choices too. And with real estate, it is more than true. The real trick of identifying a real estate cash cow is to look at those latent and hidden opportunities in cities that are set to peak and then you simply ride the wave. Today lets look at one of the fabulous cities in the state of Gujarat – Vadodara.
Investment in Real Estate in the city of Vadodara is still very much in the immature state. Investments are increasing by the day and the capital being pumped into the city are yet to peak. Retail Investors looking to buy commercial property in Vadodara are lining up. And is expected to pick up in the next 5years or so.
Below are some of the indicators pointing to make Baroda the next Real-Investment Boom:
Connectivity to some of the biggest business hubs in the state of Gujarat like Surat, Ahmedabad makes Vadodara a great quasi-hub for investors looking to have best of both the worlds. The Ahmedabad-Vadodara highway is considered to be one of the best roads in the country. At a 6 hours travel time from Mumbai – the financial capital of India makes it one of the biggest contender for great off-site business point.
The layout and the demographics of the city has made Vadodara rank 4th in the Smart City Plan implementation. Having the same party in the Centre as well as the state government (with the Prime Minister being from the same state) helps Vadodara too. Such factors ensure the Infrastructure continues to grow at a rapid pace. Case in point being Vadodara being a part of the Golden Quadrilateral Program
SHIFT IN BUYER CHOICES:
Locals and investors are gradually shifting from standalone tenement type houses to more modern luxury villas having all the modern technologies, penthouses in buildings With the nuclear families becoming the norm these days, Vadodara 2BHK, 3BHK, 4BHK flats are becoming the preferable buying options. New residential projects also boast of having spacious 2BHK, 3BHK and 4BHK ready-to-move-in apartments to sell.
THE BOOMING IT-ITes SECTOR:
With Ahmedabad/Gandhinagar already boasting of hosting companies like TCS, Tech Mahindra, Aegis, Mphasis, Baroda is set to go the Pune-way. The Rajiv-Gandhi Infotech SEZ outside Pune led to a real-estate boom in places like Wakad, Mhalunje primarily because of the need to house many of the IT associates on rent leading to the rental prices going through the roof. Vadodara is set to go through the roof which is leading builders to build more residential apartments in the 2BHK, 3BHK, 4BHK, 5BHK configuration.
THIS IS THE TIME TO INVEST. And the wise will ride the wave and laugh all the way to the bank !