/24-7PressRelease/ - August 11, 2007 - Gujarat is emerging as one of the most lucrative destinations for property investments with commercial, residential, and retail realty making rapid strides. The state has certainly undergone a paradigm shift in the wake of the same and there is a considerable increase in number of buyers for Gujarat properties.
Gujarat is gaining high from the latest trend of investing back home among NRIs. Staying in step with it, the state sees large investments from non resident Gujaratis (NRG) eagerly looking back to homeland. This has brought numerous opportunities for real estate agents in Gujarat who have traditional favorite for NRG investments.
NRIs see investing in India properties as the simplest option to gain high returns within short span. Among the significant cities in Gujarat, the major investments are coming in Ahmedabad not only because it is a developing metro but also because the city offers cheap land. Close by heels is Gandhinagar which is much preferred by both the developers as well as investors. A number of prominent developers have lined up to come up with their real estate projects in Gandhinagar soon.
Entry of major realty players has pushed land rates in Gandhinagar. Some of the notable projects include an IT SEZ by DLF, development of IT facilities and hotels as well as research institutions to come up on Ahmedabad - Gandhinagar Road.
Indian property developer Parsvnath Developers Ltd has recently clinched to a deal with the Government of Gujarat for development of real estate projects in Bhavnagar, Rajkot, Vadodara, Ahmedabad, Surat, Jamnagar and other districts of Gujarat. The planned projects will involve a total investment of Rs 1600 crore and the construction is scheduled to complete over a period of 2-3 years. The array will include townships, group housing, commercial complexes, and IT Parks.
Bikash kumar is the contributing author to the http://www.indianrealtynews.com for distinct articles and news. Indian Realty news provides news on commercial and residential properties of various cities like Delhi, Gurgaon, Mumbai, Chandigarh and Bangalore etc in India along with news on latest property investment, finance and property loan and laws in India.
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