Prahlad Nagar, situated on the south west of Ahmedabad, is a beautiful locality that has various lakes and parks, and is considered one of the important localities for realty investments in Ahmedabad. It has been witnessing a constant increase in property prices, and is driving builders, investors, retailers, and consumers in hordes to the place. The advent of business and IT parks has also gradually transformed Prahlad Nagar into a key residential destination, especially amongst the working professionals and youth.
There is no dearth of amenities in Prahlad Nagar. People who love shopping get a whole lot of variety at the Riviera Arcade Shopping Complex. It’s in fact the primary shopping centre of the place. Apart from that, you have a handful of supermarkets like Sahara Q Shop and Reliance Fresh that cater to the basic day-to-day needs of the people.
The locality is also home to various educational institutes as well as hospitals. Chimanbhai Patel Institute, Lords Institute and Kameshwar School are a few well-known educational institutes in the area. Talking about hospitals, Bavish Eye Hospital, BG Memorial Hospital and Shibanjali Women’s Hospital are some of the notable ones situated in an around the Prahlad Nagar locality.
Easy connectivity is one of the major plus points of Prahlad Nagar. With excellent connectivity to the city center and proximity to the SG Highway, Prahlad Nagar has emerged as an excellent place to reside.
Many local buses run by Ahmedabad Municipal Transport Services (AMTS) ply regularly from this locality, carrying a good number of people to different places in Ahmedabad. Few of the important bus stops of the locality are Vejalpur, Prahlad Nagar Garden, Karnavati Club and Vastrapur Railway Crossing.
The closest railway stations to the place are Sarkhej Railway Station and Vastrapur Railway Station, being 5 km and 15 km away respectively. The main railway station of Ahmedabad, the Ahmedabad Junction is situated at a distance of 11 km.
The main Ahmedabad airport – Sardar Vallabhbhai International Airport is 19 km away. There are a ample number of taxi-cabs and auto rickshaws that ply regularly to and fro from the airport and railway station.
Some of the important landmarks of Prahlad Nagar at Eurokids, McDonald’s restaurant, AUDA Lake, Domino’s Pizza, Pinnacle Business Park, Prahlad Nagar Garden, CraftCanvas and Siddheshwar Park.
Why is it Growing so Fast?
The main reason behind the rapid growth of city and reason of attracting various developers to invest and buyers to purchase home in Ahmedabad is that it’s a very well planned place, backed by 4 important town planning schemes. The public space distribution and the wider roads of the locality are ideal for facilitating modern living. The location and connectivity of the locality also add significantly to the growth factor, along with its recreational centers, hospitals, and schools. The advent of IT industry is another important reason why Prahlad Nagar has been growing and expanding majorly in the recent times.
The Commercial and Residential Real Estate Market
Prahlad Nagar offers a nice blend of residential as well as commercial properties. Majority of the residential properties in Prahlad Nagar are in the form of apartments, followed by penthouses, layouts and villas. On a side note, if you’re serious about investing in Ahmedabad property market, apart from Prahlad Nagar, flats in Jodhpur are also worth looking at.
The Trends in Residential Property Market
Going by the latest figures, the sale prices of multistoried apartments in Prahlad Nagar are in the range of Rs. 4135 per sq. ft. to Rs. 6620 per sq. ft. The rentals for these apartments are in the range of Rs. 20 per sq. ft. to Rs. 24 per sq. ft.
So if you’re looking to buy property in Ahmedabad or flats in Ahmedabad, you must definitely look at the ones coming up in Prahlad Nagar.