As of 2024, the Indian real estate market is experiencing a significant surge in buyer interest, especially in the residential sector. According to the Housing Sentiment Index (HSI) across India, the residential real estate market is thriving, with an impressive overall HSI of 149.
However, Ahmedabad has emerged as a clear frontrunner, boasting an HSI of 163, ahead of other major cities like Kolkata (160), Gurugram (157), and Hyderabad (156). This growth is fueled by improved infrastructure and a wave of new real estate projects from prominent developers, including Ahmedabad’s own Sheetal Infrastructure.
The current landscape of the Indian real estate industry presents a promising scenario for both homebuyers and investors nationwide. The surge in real estate sales has sparked the development of several previously overlooked areas, transforming them into prime residential locations.
Reports indicate that the mid-age demographic (24-35) is particularly active in the property market, with a strong preference for luxury homes with modern amenities. Individuals with an annual income of ₹ 20-50 lakh are emerging as key buyers, reflecting a high HSI of 163 within this group.
The allure of well-planned communities with premium amenities is encouraging homebuyers to invest up to four times their annual income in creating a permanent home. This trend is further supported by economic stability and targeted government initiatives that boost confidence in the real estate market.
Ahmedabad stands out among these positive trends, largely due to the exceptional properties being developed by companies like Sheetal Infrastructure. Sheetal Infrastructure is dedicated to creating communities equipped with state-of-the-art amenities and services that offer the ideal living environment.
For instance, Sheetal Infrastructure’s “Gharana” project is a prime example of luxury living, featuring two towers of 5 BHK premium apartments with world-class amenities such as a gym, swimming pool, pilates studio, temple, and more. These features are particularly attractive to homebuyers seeking a permanent residence with all the conveniences of modern living.
The integration of technology also plays a significant role in the rising number of homebuyers. Potential buyers can now take virtual tours through 3D mobile viewing and explore AI-generated models of completed projects, making it easier than ever to find and purchase the perfect home.
With over 20 years of experience and a portfolio of successful projects, Sheetal Infrastructure has earned a solid reputation in the industry. Their ongoing projects, such as “Dharohar” and “Sheetal Gharana,” offer strategic locations and stunning views, which are increasingly important to today’s discerning buyers.
As Ahmedabad continues its upward trajectory in real estate development, the city is poised to attract even more attention from homebuyers and investors. If you’re considering purchasing property in Ahmedabad, now is the ideal time to seize the opportunity and secure your dream home in this rapidly growing market.
