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Low Cost Housing in Ahmedabad

 
Ahmedabad is the sole city in India where you will find three kinds of residential zones. The areas that are marked between Sarkhej-Gandhinagar highway and Sardar Patel Ring Road are where low cost homes are available in plenty. This is a prominent area for low cost housing in India- Ahmedabad where flats and apartments are available for as low as 15 lakhs compared to anywhere else within the city limits.  These flats are provided by the state government and thus it gives out on low budget making affordable housing in Ahmedabad possible. 
 

Real Estate in Ahmedabad: Overview 

 
Although most of the residential flats fall under the affordable housing project in Ahmedabad, there are also flats that are built by private promoters and builders which are considered as low cost homes in Ahmedabad. The rates of the flats start from 15 lakhs and go up to 30 lakhs depending on the number of square feet, bedrooms per house, and the other facilities that are available. Budget housing in Ahmedabad is more on the eastern part of the city than the western part. In eastern Ahmedabad you also get flats as low as Rs 10 lakhs for 2 BHK . Land rates in the east rises from Rs 7,000 to Rs 9,000 per square yard as compared to Rs 15,000 per square yard in western Ahmedabad. This is one hint that the prospective buyer who wishes to purchase a budget or cheap home should look in the places located east of Ahmedabad. 
 
The low cost housing in India- Ahmedabad is therefore a sought after one and especially among the crowd that is residing in the city because of professional and career related requirements. For such people luxurious homes are not necessary. Ahmedabad is also home to the top institute for management education in India, IIM-Ahmedabad. This place invites students from all over the country. 
 

Low cost housing projects in Ahmedabad

 
There are several housing project initiatives taken by the state government and the Municipal Corporation of Ahmedabad that would improve on the dwelling standards of the low income group in Ahmedabad. One of the private initiatives that was sourced from Ahmedabad was the Radhe Infrastructure & Projects (India) Ltd that offered to develop 'Radhe Armaan', a residential colony at Santej, around 8 km from Ahmedabad The project will offer 6,210 apartments of 675 square feet each.
 
The colony will provide all essential facilities such as school, hospital, shopping complex and recreation to the middle income group. The low-cost apartments will be available with full loan facility from the contractors. Other ongoing projects that plan to develop low cost housing in India- Ahmedabad homes are ‘Emerald Park’- a project of luxurious farmhouses and ‘Olympus Mall’.
 
Another project that is aimed at providing low cost apartments in Ahmedabad either on ownership or rental basis is that of Santosh Associates and would be priced from Rs 3.5 lakhs onwards for 1BHK and Rs 5.25 lakhs onwards for 2BHK, the flats have space of around 58 square yard and 75 square yard.