INDIA
Now, Indian students have more opportunities for higher education in US varsities.
About a year and a half ago, recession in the city realty market had builders and buyers alike, worried. However, about a year since the first signs of recovery in June 2009, realty in Ahmedabad is back and booming. In fact, property prices in the city have inched up by nearly 35%.
The high economic growth and rate of urbanisation, along with the improvement in infrastructure in the state, have been catalysts in the growth of the real estate market. And the boom is not restricted to the western side of the city alone - properties across the city, irrespective of location, have witnessed a steep rise in prices.
However, Ahmedabad had been anything but spared by the global meltdown. The property market in the city had been considerably hit by the recent economic slowdown. But property prices started moving northwards in June 2009.
"If you compare the pre-slowdown prices with the present ones, there has been an increase of about 22-25%. However, if you consider the cumulative rise in prices since the worst phase of the downturn, the increase has been almost 35%," said Suresh Patel, GIHED president.
He said that the property prices in the city went down by around 12-15% due to the recession, and it took around four-five months for the prices to get back to the pre-slowdown level. "After that, they have increased by around 22-25%," said Patel.
Online real estate service provider company Makan.com's property index shows that realty prices in Ahmedabad have grown by 36.8%, compared to the national average of around 18.6%, between June 2009 and June 2010.
Jaxay Shah, president of the Confederation of Real Estate Developers Association of India (CREDAI) - Gujarat, also acknowledged the same and said that the higher GDP rate in the state and the infrastructure available have lent a boost to the market. There still remains a lot of scope for the real estate industry in Ahmedabad, he said.
Realtors believe that better living conditions could be making Ahmedabad a viable alternative to Mumbai.
West Bengal: 3 coaches of Shalimar Secunderabad Express derail near Nalpur station
Delhi-NCR update: No relief from pollution as AQI continues to remain 'very poor'
Viral video: Little girl's adorable dance to 'Ghani Bawri' wins hearts online, watch
Meet woman, sub-inspector's daughter who cracked UPSC exam in first attempt, Tina Dabi is her...
IND vs SA: Sanju Samson equals Rohit Sharma's massive feat, becomes Indian batter with most...
IND vs SA: Sanju Samson's century guides India to 61-run win over South Africa, lead series 1-0
DNA TV Show: Loudspeaker controversy erupts ahead of Maharashtra Polls
Another masterstroke by Mukesh Ambani, set to challenge Haldiram, Britannia
IND vs SA, 1st T20I: Sanju Samson creates history in Durban, becomes first Indian player to....
Anushka Sharma, Virat Kohli make heads turn in Mumbai, watch
J-K: Police recover bodies of two village defence guards killed in Kishtwar terror attack
Bengaluru-Chennai expressway to slash travel time to 3 hours: 71-km stretch to open on...
Amid Champions Trophy row, India to face arch-rivals Pakistan on THIS date
BIG move by Gautam Adani, as Adani Power cuts Bangladesh supply by over 60% due to...
PM Modi attacks Congress in Nashik rally, says party wants to create rift among OBCs
Health Insurance Claim Process: A Step-by-Step guide
Ali Haider emerges as a young, driven digital disruptor with ConnectPR
ACIBADEM LabMed Laboratories ensures high standards in medical testing
THIS is world's highest-valued currency, not dollar, pound, euro
'Forgive me if...’: Justice DY Chandrachud's final message as Chief Justice of India
Watch: KL Rahul's brain fade leads to bizarre dismissal in India A vs Australia A match
Meme fest erupts after Biden delivers speech with smiling face, netizens say, 'He voted for Trump'
Viral video: Netizens react in shock as woman washes hair with toxic foam from Yamuna river, watch
How Trump’s ‘America First’ policy opens doors for India’s regional power
42-year-old retired player breaks silence on registering for IPL, says, 'I have never...'
'Main pairon mein gir gaya': Virat Kohli recalls memorable encounter with Sachin Tendulkar - Watch
Is kala namak really a detox? Shalini Passi swears by this simple health hack
BIG blow to Mukesh Ambani, as Reliance Industries loses over Rs 4 lakh crore in...
West Indies fast bowler Alzarri Joseph suspended for two ODIs; here's why
Himachal CM Sukhu's samosas, cakes served to security staff; CID probe on
'Conspiracy against Kashmir': PM Modi slams NC-Cong's Article 370 resolution
Meet Tamanna Bharat, who is all set to represent India at Miss Asia Global 2024 in Kerala
Bengaluru coconut vendor's viral ad challenges Zepto, Blinkit prices, netizen says 'let him cook'
Vvan: Sidharth Malhotra drops motion poster of folk mythological thriller, Kiara Advani reacts
Virat Kohli gets embarrassed as crowd sings 'Happy Birthday to you' in live event, WATCH viral video
Gym and fitness is all about overall health, not just good looks: BigMuscles Nutrition’s Suhel Vats
Station master's phone call with ex-wife led to Rs 3 crore loss to railways, know how
Uproar in J-K Assembly as BJP members protest over special status resolution
Aligarh Muslim University entitled to minority status under Article 30: SC
Collaborative global response a must to combat climate change effectively: Dr Sanju Purohit
Viral: Man rants about his GenZ colleague's leave to heal from breakup, gets trolled
Splitsvilla, Crime Petrol-fame actor Nitin Chauhaan passes away at 35 allegedly by suicide
Worrying signs for Mukesh Ambani's Rs 840960 crore company? Elon Musk will push Donald Trump to...
Have Virat Kohli, Anushka Sharma moved back to Mumbai? Here's what we know
Mukesh Ambani, Nita Ambani are fond of these five dishes which cost Rs...
Meet Indian-origin Kashyap 'Kash' Patel, who could be Donald Trump's likely pick for CIA Chief
Donald Trump's second term worries Elon Musk's transgender daughter, says....
Meet IAS officer, who was a disabled bangle seller, cracked UPSC exam, is now serving in...