Property Investment in Gandhinagar: All You Need to Know

Gandhinagar, The Capital city of Gujarat, is located on the northern side of Ahmedabad. It is one of the fastest-growing cities after Ahmedabad and Surat. Property investment in Gandhinagar should be strategic, considering the offered amenities and potential growth.

This comprehensive guide will give you a clear vision stating the benefits and risks before investing in this location.

What is Property Investment in Gandhinagar?

Gandhinagar has become one of the most desired residential locations, with a total population of 284,000 in 2023, according to the 2011 Population Census. Property investment in Gandhinagar will be worth it due to smooth connectivity, nearby amenities, and the development of IT Hubs.

Furthermore, the biotech clusters, food processing and textile companies have contributed remarkably to Gandhinagar's economy, bringing ample employment opportunities.

Factors to Consider Before Investing in Gandhinagar Real Estate

Economic Growth

The economy of Gandhinagar is escalating through the public sector, including the electrical and electronics, textiles, ceramics, food processing, and office stationery industries. Agricultural growth is another major factor that significantly affects the economy.

With various small and medium-scale industries, Gandhinagar employs nearly 40,000 people, according to existing information.

Infrastructure

Acquiring 9th rank in Smart City Mission among 30 new cities, Gandhinagar boasts one of the best infrastructures in Gujrat. As mentioned, the state government focuses on the infra projects, consisting of two components-

Area-Based Development and Pan City Solutions include enhancing stormwater drainage, community toilets, four-laning, Intelligent traffic integrated transport management, smart water and waste management, CCTV surveillance, and Wi-Fi services.

Affordability

Affordability is another major factor that an investor must consider. The average price of residential properties in Gandhinagar is around Rs. 5,100 per sqft. The location consists of 1 to 4 BHK configurations ranging from Rs. 55 Lakhs to Rs. 3.80 Crore.

Rental Yield

Investors who plan to rent properties should be aware of current rental trends. Currently, Gandhinagar charges rent between Rs. 12,800 to Rs. 25,600 for residential properties and offers a 3.1% rental yield.

Potential for Growth

Gandhinagar is fuelling the real estate industry through upcoming infrastructural projects, including IT and transportation. The Garima Park campus, developed by Tata Consultancy Service, has contributed to the mentionable growth of the IT/ITeS industry in the city.

Furthermore, the proposed Ahmedabad-Gandhinagar Metro corridor project is expected to be crucial in Gandhinagar's industrial and commercial growth.

Demand of the Location

As Gandhinagar is famous for its tourism and hospitality, people often choose this location for a quality vacation. Adalaj Stepwell, Dandi Kutir, Sant Sarovar Dam, Mahatma Mandir, and other nearby tourist attractions make the city more sought-after for investors and tourists. So, while choosing a property of investment in Gandhinagar, consider the location's demand for better returns.

RERA

RERA registration is crucial in a secure and authentic real estate investment. Before investing in property in Gandhinagar, you must check whether the property is RERA-registered. RERA builds trust between the builder and the investor.

Builder

Builders are another top-order player in real estate investment. Scrutinising builders' reputations and experiences is inevitable for legal safety. One must also cross-check the builders' deeds and archives in Gandhinagar investment to get transparency of the chosen property.

Steps To Invest in a Property in Gandhinagar

Step 1: Conduct a market survey and finalise your investment budget

Setting a budget is the first step to investing in real estate. You need a clear idea about the property market and the offered rates. After analysing the rates in different areas, you must set a reasonable investment budget for your property.

Step 2: Shortlist a few properties based on your requirements

Then, you need to shortlist a few properties from various options. In this process, you must understand your requirements, such as amenities and surroundings.

Step 3: Plan a field visit to the properties to assess their various aspects

Virtual platforms can help you get an overview of the properties by sharing pictures and in-depth content. But a physical field visit will give you a clearer view of the properties offered facilities, including infrastructure, connectivity, and employment opportunities through a physical recce.

Step 4: After finalising a property, make sure to do a background check and review the property documents

If you have chosen a property, you must cross-check its background and builder. Past works and reputation should be positive for transparent investments without any legal threat. Also, all the property documents should be reviewed well for clean paperwork.

Step 5: Prepare all the necessary documents

After cross-checking the background and getting a positive response, you need to prepare the documents, such as the sale deed, agreement, etc., to transfer the property smoothly.

Step 6: Go ahead with paying for the property

After completing all the steps successfully, you can proceed with the payment step. But here, you must add the stamp duty and registration charges for a legally assured transfer.

Benefits of Investing in Gandhinagar Real Estate Property

Accessibility

Gandhinagar is well connected with its neighbouring locations via Gandhinagar Capital Railway Station. Frequent inter-city bus trips between Ahmedabad and Gandhinagar help the residents commute easily. Additionally, Gandhinagar offers easy access to Sardar Vallabhbhai Patel International Airport (18.8 km away).

Daily Needs

Gandhinagar also takes care of residents' daily needs, offering nearby educational and healthcare institutes like Vasu International School, Infocity Junior Science College, Swami Vivekanand Vidya Vihar, Radhe Multispecialty Hospital, and Vachhani Hospital.

Additionally, marketplaces like Teen Darwaza and Gandhinagar Ravivar are there to fulfil daily needs.

Price Hike

Gandhinagar has witnessed a remarkable price hike in previous years. Around 53.6% and 63.7% price increments have been seen in the last 3 and 5 years, respectively. Investors can expect steady price growth in the coming years, leading to a satisfying return on investment.

Employment Opportunity

As Gandhinagar boasts various industries, including agriculture, electrical and electronics, textiles, ceramics, and food processing, the location offers a variety of employment opportunities. The under-constructional Gift City is a business district in Gandhinagar that is expected to become a global financial and IT services hub.

Rental Demand

Gandhinagar has various tourist destinations and a strong demand among tourists and outsiders. The nearby properties of tourist destinations assure a higher rental amount with year-on-year price growth.

Taxation

Taxation is another mentionable benefit of investing in Gandhinagar. Property taxes, mortgage interests, depreciation, operating expenses, and other tax deferrals play significant roles as concessions, increasing investors' passive earnings.

Affordable Configurations

Gandhinagar offers residential properties in all configurations, including 1, 2, 3, and 4 BHK. An investor can opt for a suitable one at an affordable rate, leveraging the same external amenities in every configuration.

Top Locations for Real Estate Property Investment in Gandhinagar

Sargasan

Saragasan is known as one of the most popular residential areas in Gujarat. It offers all amenities, including connectivity, transportation, educational centres, and healthcare facilities.

The Gandhinagar Capital Railway Station handles the transportation, whereas Acharya Career Academy, Kameshwar International School, and Aashka Multispeciality Hospitals serve educational and healthcare facilities, respectively. The location charges an average rate of residential properties around Rs. 4,550 per sq ft. Saamarth City, Maruti Sydney Lifestyle, Rudra Infinity, Swagat Queensland, etc., are some of the mid-segment and affordable residential properties in Sargasan.

Kudasan

Another popular residential area in Gujarat is Kudasan, boasting well-developed transport facilities with the Gandhinagar Capital Railway Station. Make Easy Academy, the National Institute of Design, and the Merge Computer Institute are some of the top educational institutes in this location. This location boasts luxurious, exclusive, and pocket-friendly properties like Kaavyaratna Srushti, Arpan Radhe Infinity, Hari Dev Parisar, Span Villas, etc. The current average price rate is Rs. 4,350 per sq ft in Kudasan.

GIFT City

One of Gandhinagar's most popular business districts, GIFT City, is currently under construction and will serve as a global financial and IT services hub. The Vallabhbhai Patel International Airport is the key transport option here. Rangoli International School, Om Landmark School, and JMD Institute of Nursing are popular educational centres in GIFT City. The location offers residential properties at a higher average price rate of Rs. 9,500 per sq ft. One can opt for some of the best properties in this location, like Sobha Avalon, Sobha Dreams Height, Kaavyaratna Reva, Nila Vida, etc.

Adalaj

The census town of Adalaj is an excellent residential location, offering smooth connectivity via Khodiyar Railway Station and Gandhi Nagar Cross Road bus stop. SSIU, Arihant School of Pharmacy and Bio-Research Institute, and Vidhya Vihar High School are some popular education centres in its vicinity. Sanjivani Hospital handles healthcare needs. The average rate of residential properties in Adalaj is around Rs. 7,850 per sq ft. Anavya Parmeshwar, Bansari Prominence, Nirman Sahvas, Amba Township, etc., are some of the considerable residential properties in Adalaj.

Raysan

Raysan is another good option for investing in Gandhinagar. Nearby localities like Koba, Sughad, Bhat, Kudasan and Sargasan surround it. Angel Academy, IBI International, SMVS Swaminarayan Hospital, SCAI Superspeciality Hospitals, etc., are some of the nearby educational and healthcare institutes in Raysan.

The average price per sqft for residential properties in Raysan is around Rs. 4,700 per sq ft. Raysan offers various pocket-friendly, mid-seg, and exclusive properties like SKR Vrundavan Elysia, Saamarth H7, Dev Aashish The Gate, Keshvam Skycity, and Saamarth Lavish Villa.

Prominent Real Estate Projects in Gandhinagar

Savaliya Krish Skylar in Kudasan

Address: Savaliya Krish Skylar, Near Apollo Hospital, Adalaj Road, Kudasan, Gandhinagar 382421

Price: Rs. 1.6 Crore - Rs. 3.6 Crore

Possession: 30 September 2028

Specifics: 

• BHK: 4, 5 BHK
• Carpet Area: 2380 Sq Ft - 5260 Sq Ft
• No. of Units: 233
• No. of Towers: 3
• No. of Floors: 21

Savaliya Krish Skylar, a residential project by Savaliya Builders, offers a perfect blend of luxury and modern living. Spanning 1 acre, this housing project features spacious apartments and penthouses, making it an ideal choice for families seeking both elegance and functionality.

The project boasts top-tier amenities, including a yoga room, gazebo, multipurpose hall, reflexology path, and gymnasium, enriching the residents' lifestyles. Furthermore, it offers recreational facilities such as a swimming pool, kids' play area, multipurpose play court, indoor games, and jogging track.

Located in Kudasan, Savaliya Krish Skylar ensures excellent connectivity to other parts of the city through well-maintained roads, enhancing its appeal as a premium residential destination.

Ekarth Sarvam in Koba

Address: Ekarth Sarvam, Near Keshvam Skycity, PDPU Road, Koba, Gandhinagar 382007

Price: Rs. 3.5 Crore - Rs. 3.9 Crore

Possession: 30 December 2030

Specifics: 

• BHK: 4 BHK
• Carpet Area: 3595 Sq Ft - 4000 Sq Ft
• No. of Units: 106
• No. of Towers: 2
• No. of Floors: 19

Ekarth Sarvam, a residential project by Ekarth Buildcon, offers a meticulously planned lifestyle that seamlessly blends luxury living with comfort. Renowned for its modern architecture and elegant interiors, this housing project promises a sophisticated living experience for its residents.

Spanning 2.37 acres, the project features modern amenities, including a party lawn, senior citizen sitting area, pergola with seats, reflexology path, and a gymnasium, ensuring every detail embodies luxury. Residents can also enjoy a multipurpose play court, games room, table tennis, and badminton court for recreational activities.

Located in Koba, Ekarth Sarvam is a preferred choice for homebuyers, offering excellent connectivity and unparalleled comfort.

Atishay Shivalay 4 in Adalaj

Address: Atishay Shivalay 4, Near Swarnim Greens, Sarkhej - Gandhinagar Highway, Adalaj, Gandhinagar 382423

Price: Rs. 75 Lakh - Rs. 1.45 Crore

Possession: 30 December 2028

Specifics: 

• BHK: 2,3 BHK
• Carpet Area: 1030 Sq Ft - 1850 Sq Ft
• No. of Units: 196
• No. of Towers: 4
• No. of Floors: 12

Atishay Shivalay 4, a luxurious residential project by Atishay Group, offers modern living spaces designed for comfort and convenience. Spanning 1.49 acres, it features a variety of residential units that cater to diverse needs while focusing on quality and functionality.

This residential project boasts high-end amenities, including a gazebo, multipurpose hall, senior citizens walking track, jogging track, and cycle track, allowing residents to enjoy luxurious living at its finest. Additional features such as a community club, gymnasium, kids' play area, nature walkway, and themed landscape garden enhance the overall living experience.

Located in Adalaj, Atishay Shivalay 4 offers excellent connectivity to major areas, making it an attractive choice for those seeking a modern home in a vibrant community.