Overview of Ajwa Road, Vadodara

Location and Connectivity

• Ajwa Road sits in a strategic spot in Vadodara. This area gives easy access to L & T Knowledge City, a famous business hub, and the Karelibaug Industrial Estate.
• Nearby you’ll find easy commute options including Sayaji Park Bus Stop, Pratapnagar railway station, and Vadodara junction railway station.

Infrastructure and Amenities

• The neighborhood offers several hospitals, including Sameer Hospital, Shailee E.N.T. Hospital, and Shreeji Hospital Ayurvedic Cross Road.
• You can find educational setups like Jivan Bharti School here.
• Other amenities comprise a Vegetable Market and Cinemarc Vihar, catering well to shopping and recreational needs.

Property Types and Prices

• Apartment Prices:
  • The cost per square foot for apartments here averages ₹2,500 to ₹6,328. This price depends on the source and specific properties.
  • Apartment rate ranges from ₹1,900 to ₹9,859 per square foot.
• Land Rates:
  • Rates for land hover between ₹400 to ₹4,300 per square foot.

Configuration and Availability

• The area mainly offers 2 BHK residential apartments and villas.
• More than 102 properties are available in various sizes and configurations, including apartments, villas, and land.

Price Trends

• Year-over-Year (Y-o-Y) Change:
  • The apartment property prices in Ajwa Road have moved downward by 15.3% annually.
• Long-term Appreciation:
  • The prices have appreciated by 16.3% over the past 3 years and 11.1% over the last 5 years.

Rental Insights

• Average Monthly Rent:
  • The average monthly rental here ranges between ₹8,900 to ₹16,100.
• Popular Societies:
  • Notable societies include Kanha City, SBL Greencity Vadodara, and Amardeep Heritage.

Challenges

• Drivers have reported problems with parking in some areas along Ajwa Road.

Investment and Buying Insights

• Affordability:
  • Ajwa Road stands out as an affordable housing belt. Most buyers choose properties under ₹50 lacs.
• Configuration Preference:
  • The 2 BHK layout is the most popular among buyers in this area.

PropertyWala's Conclusion

When you consider all options, Ajwa Road in Vadodara offers a balanced opportunity for both buyers and renters. It provides affordable housing, good connectivity, and essential amenities. While there has been a recent drop in property prices, long-term appreciation rates and its strategic location make it attractive for investment. However, future buyers need to keep parking problems in some parts of the area in mind. Overall, it's a great choice for those wanting both affordability and convenience.