Overview of Naranpura, Ahmedabad

Naranpura in Ahmedabad thrives as a vibrant residential area with a wide variety of homes to choose from. People looking to buy or rent properties here should pay attention to a few important details.

Property Prices and Trends

Real estate prices in Naranpura differ greatly based on budget. The starting cost is around Rs. 3,571 per sqft, and the average price hits Rs. 7,404 per sqft.

For apartments, prices fall around Rs. 6,250 per sqft with variations from Rs. 4,850 to Rs. 6,900 per sqft. Builder Floors move between Rs. 4,650 to Rs. 8,700 per sqft.

Property Types and Configurations

The community features a variety of property types such as apartments, villas, and standalone houses. You can find 1 BHK, 2 BHK, 3 BHK, and even 4 BHK flats fitting different family sizes and needs.

Rental Options

Renters have many choices. A 1 BHK flat can start at ₹20,000 per month. For a 2 BHK, it ranges from ₹20,000 to ₹36,000. Typically, a 3 BHK might cost between ₹30,000 to ₹60,000. These rentals often include amenities like furnished interiors, parking spots, and are near public transport and local stores.

Location and Amenities

Naranpura connects well with other areas in Ahmedabad, offering easy access to BRTS and AMTS buses. It’s proximate to hospitals, schools, colleges, and markets. Landmarks like Jay Mangal BRTS Stand, 132 Feet Ring Road, and Bhuyangdev Cross Road make it special.

Market Trends and Appreciation

From investing standpoint, Naranpura has greatly appreciated in price. In the past 10 years, flat prices increased by 46.3%, and in the last 5 years, they’ve climbed 15.8%. Last year saw a -6.4% dip, reflecting some market swings.

PropertyWala's Conclusion

So, Naranpura in Ahmedabad is a great pick for buying or renting due to its varied homes, good access, and nearby amenities. While prices and rental rates are competitive, the area's past appreciation and now market trends make it a solid investment. When making a choice, ponder current market conditions, required property type, and the locality’s growth potential in the long run.