Commercial Property in Ahmedabad

Office Space:

• Investment options in Ahmedabad commercial property include property for office space, retailing, hospitality and many other options in all ranges and categories. Ahmedabad has excellent prospects for growth and real estate appreciation. Real estate, retail and financial services are seeing favorable times in Ahmedabad. Most leading private banks and nationalized banks have branches in the city.

• The BPO (Business Process Outsourcing) boom in Ahmedabad and Gandhinagar is fuelling demand for commercial properties in Ahmedabad like never before. Promptly following in the steps of BPO hubs like Pune and Bangalore, Ahmedabad is all set to fulfill the office space needs of MNCs who plan to set up shop here. Cheap real estate prices have become a boon for some 40 small and big BPOs already operating in the city. For instance, Mphasis BFL Ltd has leased 10,000 sq feet of office space.

• The rates if compared will give a clearer picture of the modest prices prevailing in the city. The capital value for office space in Ahmedabad is in the range of Rs. 1,200 to Rs. 4,000 per sq. ft which is up for Rs 1,200 per sq ft. In comparison, similar spaces will between Rs 2,000 and Rs 3,000 in Pune and anywhere between Rs 3,000 and Rs 5,000 in Bangalore. The yield on investment hovers around 10%-13 % for officespace.

Retail Space:

• Ahmedabad figures among the top five Tier II cities in spending power and retail potential. The value of retail space in Ahmedabad varies from Rs. 5,000 to Rs. 10,000 per sq. ft and the The yield on investment hovers around 12%-14 % for retailing.
  

• The city has become a focal point for retail activities. Big retail chains like Star India Bazaar, Shoppers' Stop, Big Bazaar and Pantaloons are entering the retail market in Ahmedabad. Apart from this, a number of international brands have shown interest. Retailing is very much on the upswing with the highest number of malls and multiplexes in the country located in Ahmedabad.

• SG Highway is the main commercial hub. There is frantic construction work underway for more supermarkets and big malls. Max Lifestyle has also taken up space. Local players such as V-Mart are expanding. Pantaloon group has chosen Ahmedabad for opening more than one Big Bazaar outlets. Big Bazaar works along the same lines as the economy model pattern of Wal Mart.

• IT giant Acer has opened three new malls in different areas of Ahmedabad with the partnership of leading IT hardware companies, Drupa Electronics, Source Communication (Karnavati Infotech) and Balaji Infotech. The move will ensure better outreach and comprehensive product knowledge and convenient access to the consumers.