The influx of Information technology (IT) companies in Gandhinagar and Ahmedabad enhance real estate growth, opine experts and builders. Run-up to Budget 2008-09
Suresh Patel, secretary of Gujarat Institute of Housing and Estate Developers (GIHED) said, "The IT industry is attracting lots of professional to Ahmedabad. The peaceful environment of the city has motivated them to settle down permanently leading to three time increase realty prices in the entire region."
Hiten Barot, director of Info City said, "Since Info city came into existence the number of professionals has been incessantly increasing where most of them hails from different states. There is a strong need of around 4,000 houses near Info city for as around 70 per cent of IT employees, currently, commute between Ahmedabad and Gandhinagar every day."
"Hence more studio and service apartments are required followed by the two-bedroom-hall-kitchen and three-bedroom-hall-kitchen," Barot added.
Pranit Banthia, CEO of Hi-Tech Outsourcing Services said, "Most of the employees in our company are from different states. They have purchased flats seeing good career prospects and have long term plans here."
Seeing the increase in population of IT professional in the city many developers are coming up with new residential projects to cater their basic need -home. Koba and Dudasan are witnessing many developers' feet for the land.
Few special economic zones (SEZ), which are in line, would not have residential felicities. A source said, "Rehaja Builders, which is coming up with a SEZ don't have residential facility." This again will give impetus to realty market in the city.
"My husband is working in a BPO company. Last year, we came to Ahmedabad from Delhi. Seeing the infrastructural growth of the city we bought a house in Chandkheda three months ago," said Riddhi Shukla.
Suresh Patel, secretary of Gujarat Institute of Housing and Estate Developers (GIHED) said, "The IT industry is attracting lots of professional to Ahmedabad. The peaceful environment of the city has motivated them to settle down permanently leading to three time increase realty prices in the entire region."
Hiten Barot, director of Info City said, "Since Info city came into existence the number of professionals has been incessantly increasing where most of them hails from different states. There is a strong need of around 4,000 houses near Info city for as around 70 per cent of IT employees, currently, commute between Ahmedabad and Gandhinagar every day."
"Hence more studio and service apartments are required followed by the two-bedroom-hall-kitchen and three-bedroom-hall-kitchen," Barot added.
Pranit Banthia, CEO of Hi-Tech Outsourcing Services said, "Most of the employees in our company are from different states. They have purchased flats seeing good career prospects and have long term plans here."
Seeing the increase in population of IT professional in the city many developers are coming up with new residential projects to cater their basic need -home. Koba and Dudasan are witnessing many developers' feet for the land.
Few special economic zones (SEZ), which are in line, would not have residential felicities. A source said, "Rehaja Builders, which is coming up with a SEZ don't have residential facility." This again will give impetus to realty market in the city.
"My husband is working in a BPO company. Last year, we came to Ahmedabad from Delhi. Seeing the infrastructural growth of the city we bought a house in Chandkheda three months ago," said Riddhi Shukla.
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