NEW JERSEY: Putting forth Gujarat as a global real estate investment hub, the first and biggest ever property show exclusively showcasing properties in Gujarat, was held in conjunction with the World Gujarati Conference, Aug 29-31, at the Raritan Center, New Jersey.
This Property Show on Gujarat organized by The Gujarat Institute of Housing & Estate Developers (GIHED) delved into every aspect of realty and infrastructure of the state, putting forth for the benefit of industry players the immense business possibilities on an international platform. More than 30 developers showcased their 150 premium projects, with an aim to providing an interface for non-resident Indians in general and non-resident Gujarati investors in particular, to persuade them to not only invest in the state but also consider Gujarat as a serious option for future living giving them a perfect picture on the property prospects.
The list of participants at the property expo included: Avirat Infrastructure Pvt. Ltd., AVS Developers Pvt. Ltd., Devnandan Builders Pvt. Ltd., Dharmadev Infrastructure Pvt., Ganesh Housing Corporation Ltd., Gayatri Creatives, J P Infrastructure Pvt. Ltd., JBR Nirman Pvt. Ltd., Kunj Infrastructure Pvt. Ltd., Laxmi Developers, Manav Infrastructure Pvt. Ltd., Manpasand Builders Pvt. Ltd., Niva Infra. Pvt. Ltd., Parshwanath Realty Pvt. Ltd., Pushpak Construction Pvt. Ltd., Radhe Developers (India) Ltd., Richland Developers Pvt. Ltd., Rituraj Nirman Pvt. Ltd., Safal Reality Pvt. Ltd., Satyam Gokul Corporation, Saumiya Construction Ltd., Savy Infrastructures ltd., Shree Developers, Shri Siddhi Developers & Builders, Sumukh Infrastructure Pvt. Ltd., Surya Group, Swagat Infrastructure Ltd., Takshashila Realities Ltd., and Venus Infrastructure Ltd.
Strong economic growth, rising income levels, urbanization and improving transparency has made for a robust Gujarat Real Estate market. A comprehensive growth is how the realty industry has shaped up in Gujarat. So, while the mega-city of Ahmedabad has projects like Bus Rapid Transit System (BRTS), Gujarat International Finance Tech-City (GIFT), Sabarmati River Front Development Project and Kankaria Lake Front Project providing the impetus to the real estate, cities like Baroda, Surat and Jamnagar, too, have global players competing for space.
The real estate sector has evolved into a 'service sector', wherein, with favorable government initiatives, the end-user has been assured of quality realty at propitious prices. The government's current focus is on infrastructure by privatizing ports and building integrated townships and encouraging in a big way, technology parks, townships, SEZs and anything related to the Infrastructure industry. Retail and information technology are the upcoming sectors in Gujarat. IT SEZs and parks are being set up.
The Gujarat government is proactively promoting the real estate sector by simplifying the revenue laws and introducing sector friendly policies on township planning, IT, urban development, to name a few, giving special FSI and height for an overall development. All of these points augur well for real estate investing and selling, buying and leasing in Ahmedabad.
Besides, a number of projects in the hospitality industry, sewerage system, educational institutes and others will give the city a facelift. Ahmedabad's real estate scene also lends itself to new models including mixed-use developments and service apartments. In the years to come, there will be a profusion of choices in real estate in the categories of residential, rental, office space and retail.
Gujarat Institute of Housing and Estate Developers' (GIHED) efforts at collectively working towards Gujarat's growth and development have changed the way the world looked at Gujarat. An apex body, established in 1980 by the developers community, the organization represents the predominant interest of those engaged in construction and its allied industries.
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