Prior to independence, Baroda was the capital of one of the most powerful princely states of the country. It is now, considered as an important commercial center in India, due to its strategic geographical location, industrialization and various business activities. This has attracted Non-Resident Indian's as well as people from all regions of India for property investment in Baroda.
Baroda, ranks third in terms of population in Gujarat and is recognized as the cultural hub of the state. It is one of the elite cities of India with a large number of literate people; reflecting a distinguished mixture of different social groups.
Real Estate Investment in Baroda
The city provides the latest infrastructure; appropriate for the growth of all kinds of business activities.The state government is eager to develop properties in Baroda; and is promoting real estate projects in Baroda by signing of MoU's with many construction companies.
As per this agreement, private companies will help the Urban Development Authority to setup residential schemes, commercial complexes, IT parks and industrial structures. All these factors have increased the pace of commercial and residential development; creating a favorable atmosphere for real estate investment in Baroda.
Investing in Baroda Properties
The city is witnessing various real estate constructions like skyscrapers, shopping malls, multiplexes and restaurants. In the near future there will be a huge demand for commercial space; due to the upcoming IT SEZ scheme, which includes IT parks, technology parks and commercial centers in Baroda.Real estate prices will then increase rapidly. Hence, investing in Baroda properties will be a wise decision for many real estate investors, especially for NRIs.
Buying property in Baroda
A few years back the real estate market in Baroda had limited scope. However, currently there are many reputed real estate companies like Pacifica, developing properties in Baroda. Both western and eastern areas of the city are being developed and people are now buying properties in Baroda.
Apartments, flats, villas, row houses, tenements, bungalows, duplexes and farm houses are available types of residential real estate in Baroda; that will surely fetch higher returns in future.
Buying real estate in Baroda
The recent trend in real estate market shows a rise in the price as well as demand for properties in Baroda. The appreciation in the real estate market indicates that the city is growing steadily. Hence, buying real estate in Baroda is a good and profitable decision as the property rates will keep increasing.