Real Estate Overview of Naroda, Ahmedabad

Property Prices and Trends

In Naroda, Ahmedabad, the real estate market offers diverse pricing. The beginning price for properties starts at around Rs. 1,250 per square foot while the average hits Rs. 3,999 per square foot. The most expensive properties can cost up to Rs. 16,428 per square foot.

Year-over-Year (YoY) Price Appreciation

Property rates in Naroda have declined considerably over the past year, showing a drop of 35.09% per some reports. But others show a slight decline, just -1.5%, in the last year. Still, there’s been a notable appreciation over a broader time frame with 39.6% increase in the past five years and 45.7% in the last ten.

Property Types and Availability

Naroda offers a variety of property types, including apartments and villas. We have over 330 properties available here, a mix of ready-to-move and new builds. Right now, 153 properties are for sale, and you also find 9 rental properties.

Rental Market

Looking at the rental scene in Naroda, prices are relatively affordable. For example, a 1 BHK flat in an 855 square foot area goes for about ₹8,000 per month. The market covers 3 BHK houses and more configurations, catering to varied budget levels.

Investment Potential

Despite the recent price drop, Naroda is still appealing for investment. Trends show long-term price appreciation making it a good area for buyers and sellers. Keep an eye on the price trends to know the best time for buying or selling.

Infrastructure and Development

Naroda, one of Ahmedabad’s popular areas, benefits from its strategic spot and ongoing development. It’s well-connected, making it attractive to both residents and investors.

PropertyWala's Insight

For those pondering buying or renting in Naroda, Ahmedabad, this locality offers a blend of affordability and future growth. Today's lower prices, paired with historic appreciation trends, suggests Naroda has strong promise. It’s important to stay updated with current price trends and explore the different property types available. Whether you're an end-user or an investor, Naroda opens up options that fit various real estate goals.