ABOUT OF OUR VADODARA

Formally known as Baroda, Vadodara is the third largest city in Gujarat after Ahmedabad and Surat. It is known for the Lakshmi Vilas Palace which is the residence of Baroda’s royal family –the Gaekwads of the Gaekwad Dynasty. Vadodara is considered as the hub for industries, culture and education since ancient times. It is also home for the Maharaja Sayajirao University of Baroda. In addition, It is host to several industries including engineering petrochemicals, chemicals, pharmaceuticals, IT, plastics and foreign exchange services. Vadodara specifically enjoys great advantages due to its strategic location and this is also the reason for booming real estate in Vadodara.The commercial sector of the city is seeing immense growth. The Vadodara Urban Development Authority signed an MoU worth Rs 3,425 crore with various developers of the city to build various IT Parks, residential projects, office spaces etc. A Singapore based real estate company has proposed to build an SEZ worth Rs 550 crore in the city. This will hike the prices of the property in Vadodara exponentially. And further motivated the investors to invest in the properties in the city, for a good return in future.With real estate in metros getting saturated, the smaller cities are showing immense growth. And Vadodara is one such city that is growing but also its residential sector has boom leaps and bounds in the past few years. Thanks to the establishment of various industries, people have migrated in the city in search of job opportunities and settling down resulting in the rise of residential property in Vadodara. This has bought a huge smile on the face of real estate players. Although the city’s real estate market is dominated by private developers, the market is also driven by market investors. Some of the top builders in the city are Paranjape Schemes, Prathan Builders, Othello Developers, Pacifica Companies, Bakeri Group who have developed several beautiful housing projects catering to the growing demand for housing.The top localities to invest or buy an apartment in Vadodara includes Alkapuri, counted among the most developed and planned areas of the city The area has seen steady growth in past years and it is expected to see growth in future as well. The northern areas of the city like Sama, Chhani and Nizampura are well developed as well. Due to the availability of limited land in Vadodara’s Southern and Central part, the property prices have become stagnant. Areas like Atladra, Kalali, Talsat, Bil have good connectivity thanks to the ring road, they also offer a wide variety of residential projects in Vadodara. Talking about the pricing trend in the city, the cost of a property in Vadodara starts around Rs 3 lacs and the average price of an apartment in Vadodara in about Rs 60 Lacs.Looking at all these factors, real estate experts suggests that the time is not far when Vadodara will be counted among the top cosmopolitan cities in India and will house some of the biggest IT parks of the country.