Overview of CTM, Ahmedabad

Location and Connectivity

• CTM is in the eastern part of Ahmedabad, right near areas like Rabari Colony, Amraiwadi, and Hatkeshwar. It’s conveniently located for residents.
• Getting around is easy because it's close to train stations, bus stops, and other public transport.

Property Market Trends

Price Range

• We don't have specific price trends for CTM, but other parts of Ahmedabad, such as Amraiwadi, can tell us a lot.
  • In nearby Amraiwadi, prices start from ₹1,666 per sqft up to ₹20,000 per sqft, with an average of ₹5,076 per sqft.

Rental Rates

• Renters might find a 2 BHK flat in CTM costs between ₹14,350 and ₹20,899 monthly. Also, there could be security deposits and monthly maintenance fees.

Market Growth and Demand

Annual Growth

• Real estate in Ahmedabad has grown sharply. House prices went up by 5.1% year-on-year in the last quarter of 2023.

Sales and Launches

• In 2023, there was a 51% increase in the sales of residential properties, reaching 41,327 units. At the same time, new housing launches surged by 71% to reach 55,877 units.

Infrastructure and Amenities

Availability of Properties

• CTM offers more than 20 properties for purchase and over 5 for rent. This variety suggests a good choice for potential buyers and renters.

Overall Market Health

• With strong economic support and rising demand, Ahmedabad shows a healthy real estate market, which is excellent news for buyers and investors alike.

PropertyWala's Conclusion

Considering its connectivity, market trends, and high demand, CTM in Ahmedabad looks like a solid choice for buying or renting. The area's strategic spot, along with the fast growth in the city's real estate sector, makes it very appealing. However, it's essential to conduct in-depth research and check prices nearby to make a good choice. Given Ahmedabad's strong economy and increasing demand, CTM is likely a smart investment or residential pick.