Maninagar: An Overview for Ahmedabad Residents

Maninagar, in Ahmedabad, Gujarat, is a bustling suburb favored by both homebuyers and real estate investors. Let's dive into a thorough real estate assessment.

Property Prices and Trends

• Average Price per Sqft: Typical properties in Maninagar cost ₹6,389 per sqft, ranging from a low of ₹2,533 per sqft to a high of ₹15,637 per sqft.
• Year-over-Year Growth: Property prices in Maninagar decreased by 1.07% over the last year, despite a major rise in areas such as Uttamnagar, which surged by 57.39%.
• Price Range: Within Maninagar, price ranges vary:
  • Daxini Society: ₹2,533 - ₹10,000 per sqft
  • Rambagh: ₹2,692 - ₹6,666 per sqft
  • Prakash Nagar: ₹1,893 - ₹6,038 per sqft
  • Bhairavnath: ₹3,700 - ₹12,345 per sqft.

Types of Properties

• Residential Choices: Maninagar features many residential choices such as 1 BHK, 2 BHK, 3 BHK flats, and luxurious villas.
• Affordable and Luxury Housing: The area suits both affordable and high-end housing seekers with a spectrum from budget to luxury.

Infrastructure and Amenities

• Educational Facilities: Maninagar houses notable schools like Little Millennium, Kalorex Pre School, Davidson Kids And School, and Springs Flowers School.
• Shopping: Shops, malls like Nagachya Vastra Bhandar, Mordy & Mustache, and lively markets are in abundance.
• Healthcare: The area includes hospitals like Aastha Hospital, Siddhi Vinayak Hospital, Krishna Medical Hospital, and Arpan Hospital.
• Dining: Maninagar hosts various dining spots from local eateries to chains like Pakiza The Taste Of Nonveg, Xtar Jira Soda, Yogi Chocolate, and B Two Barbeque.

Rental Market

• Rent Prices: Rental prices differ by property:
  • 2 BHK flats: ₹17,000 - ₹24,500 per month
  • 3 BHK flats: ₹25,000 - ₹40,000 per month
  • 4 BHK flats: ₹30,000 - ₹50,000 per month.
• Additional Amenities: Many rentals offer full furniture and extras like wardrobes, beds, TVs, fridges, ACs, and parking.

Investment Potential

• Appreciation: Properties in Maninagar consistently appreciate making it ideal for investment.
• Prime Developers: Developed by standout Ahmedabad developers like Shiv Buildcon, Karnavati Group, Abyss Infracon, among others.
• New Projects: Several contemporary projects feature modern amenities and quality living spaces.

PropertyWala's Conclusion

It’s safe to say that Maninagar in Ahmedabad stands out for both potential buyers and renters. It boasts solid infrastructure, a range of properties, and a strong investment appeal. With everything from affordable to luxury homes, top schools, medical facilities, and vibrant shopping and dining options, Maninagar is an appealing place for anyone looking into real estate, whether you’re a first-time buyer or an investor seeking quality living areas.