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Gift City

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However what is all the more interesting in the city property market, at least in the last six months, is the fact that the office space is showing an increase in both the capital as well as rental values. Not only that, the city based brokers even suggest that there has been more enquiries in this segment; thus office occupiers lookout helping the Gift City Latest Update value movement to the northward direction. It is true that the rental market in the Gujarat real-estate is expecting growth this year. However, it will take time to revive and bring in a splurge of funds that could change the dynamics of demand and supply in the major cities of the state. Factors such as location, cost and quality will play a decisive role in increasing the demand for rental this year. Property markets across the state are today witness to a gradual movement but revival is very much anticipated as a real-estate rental market.

The obvious fact is that the whole market value has risen is pushing the rental rates up. But with consistent control on rental brackets the situation can be curbed also. Gujarat can very much be made a model market for rental housing as well with some policy incentives. It can become a model market in future but presently it has to focus on making the real-estate market resilient and steady which can make it an attractive option for corporate sector as well as individual customers too.The growth pattern and the overall trends may be going into different direction at this point of time, but the property market across the Gift City News is witness to the fact that the rental markets in various segments has a symbiotic relation and the growth in one of the verticals has a chain effect on the growth of other verticals. It may not have been overtly seen in Gujarat in the last few quarters but then these quarters have been confusing in many of the property markets due to recent economic downturn and political instability prior to the General Elections.

SUBA Group of Hotels, part of the Mumbai-based MRL Group, has seven hotels, including three in Mumbai, and one each in Ahmedabad, Vadodara, Dahej and Dubai. Huge industrial development is taking place in the state after the success of Gujarat Vibrant Summits since 2003. The state has been attracting more investors, businessmen and trading firms to various cities for setting up their industrial units. To meet their ever-increasing demands, we have decided to expand our hotel business in the state, Mehta said the group's new hotel in Vadodara is located close to the airport and railway station and is also near to the major corporate offices, he said. It is also good news for those who wish to invest in this area, as property prices are destined to soar, according to experts. Vadodara also stands to benefit if these developments which have been promised actually take place. This city is about 140 km from Ahmedabad and is the third largest one in the state after Ahmedabad and Surat. The real-estate market in the city is showing signs of a pickup with a growing number of investors looking for plots in Vadodara. Vadodara, which was earlier known as Baroda, is a major hub for cotton textiles, chemicals, machines tools and pharmaceuticals. It is also known as a Pensioners’ City because a large number of non resident Indians come back to this place. Vadodara is an arch type tier II city where the prices of houses have been holding.

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