Baroda is one of the famous cosmolitan cities in India. With the latest IT boom in the city, real estate Vadodara has now got a completely new look and thus encouraging a large number of real estate agents and investors to buy properties in Vadodara thereby securing healthy returns for future. Vadodara Urban Development Authority has signed MoUs worth Rs. 3.425 crore with different construction companies for real estate projects including establishment of residential segments, IT parks, and office spaces around the city. Thus it is not wrong to say that Baroda real estate market is really on high and giving a tough competition to the other real estate markets of the country. The modern trends of real estate in Baroda mainly revolve around residential real estate, commercial real estate and retail real estate activities.
Residential Projects in Baroda
Being the third largely populated city in Gujarat, the demand for residential properties in Baroda is always on high.Adding to this the latest IT development in the city has drawn a large number of white-collar immigrants requiring accomodation in the city further increasing the value of properties in Baroda. Akota, Alkapuri, Fatehgunj, Harni Road, Karelibaug, Makarpura, Wadi and Vasna road are some of the most favorable areas for investing in residential properties in Baroda. Providing the best of luxuries and amenities at best affordable rates, Townships have become new face of residential real estate in Baroda in which has gained attention of number of residents who are willing to invest in residential property. Understanding this demand of the hour, Pacifica Companies is up with its next Baroda residential project which is state-of-the-art township providing outstanding facilities to the dwellers at the unimaginable reduced prices.
Real Estate Investment in Baroda
Encouraging environment for business and entrepreneurship, improved roads and port facilities provide investors of Baroda the unique real estate investment advantage over the other cities. Because of the strategic location and improved industrialization, Baroda is an ideal place to invest in commercial properties. With upcoming real estate projects of shopping malls, IT parks and office spaces around the city the commercial real estate in Baroda is gaining momentum. Anyone looking to invest in retail real estate should try hands on villa, bungalow, high-rise apartments, and low-rise township as these are the best options for affordable residence or a rental property investment. With retail players like Pantaloon, Big Bazaar and Seven Seas, Vadodara is now trying to cope up with the pace of retail market. The development of IT sectors in the city is generating demand for leased commercial space. Malls and multiplexes have come up and hypermarkets are also waiting to come up in a big way which will change the face of commercial centers in the city.
Due to low operational costs, abundant availability of raw materials and skilled manpower Baroda has attracted large number of local and international investors. With relaxation in Foreign Direct Investment (FDI) policy many NRIs are now investing in the real estate ventures popping around the city. Investing in these Baroda properties will give these NRIs high long term benefits as the real estate prices of Baroda are unlikely to go down upto a long time as it is one of the key industrial centers of the country. As such, investing in Baroda real estate properties can be ideal option for anyone who wishes to gain high returns on their property investments.
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