Rajkot is now slowly emerging as a hot real estate investment destination. The real estate market of Rajkot attracts the investors and end-users now.
GUJARAT: There is a consistency in the value appreciation in Rajkot. This is the main factor which attracts the investors to the area. In the opinion of real estate experts, Rajkot will be one of the top real estate investment destinations within a couple of time.
Ahmedabad and Surat are definitely the top two cities in Gujarat. Now Rajkot is coming up as a hot real estate market. Both residential and commercial markets are picking up in the city. This makes it one of the best and most sought after real estate destinations in Gujarat.
Property prices have picked up in the city. It remained consistent for the last three quarters.
There will be more demand for residential properties in Rajkot, once the IT and ITeS companies steps their foot in the city. Along with the arrival of these companies there will be more job security. This too will improve the demand for housing units.
Chintan Vohra of Swastik Properties said that the most preferred housing unit in the area is 2 BHK apartments. Most of the buyers demand for properties which fall between Rs.35 to Rs.50 lakh range.
Along with the growth of Rajkot, the neighborhood cities are also developing. These areas also remain hot residential destinations. There is higher demand for housing units along Kalavad Road and Yagnik Road. University Road is another hot home destination.
The city also witnesses an improved demand for ultra-luxury projects. Along the 150ft Ring Road, a new posh area is coming up. This new posh area is called New Rajkot.
There are some top and most premium projects launched in New Rajkot. However compared to other areas, the property prices in this area is not so high but reasonable.
