Overview of Old Padra Road, Vadodara

Location and Facilities

Old Padra Road is a notable locality in Vadodara, famous for its strategic spot and facilities. The neighborhood sits near multiple major landmarks. These include Kelavani English Medium School and Bankers Heart Institute, located within close reach.

Property Options and Availability

The area features different kinds of properties:

• Apartments: Variations exist in configurations such as 2 BHK, 3 BHK, and 4 BHK.
• Villas/Houses: Many villa and home options are available for sale.
• Land and Plots: Also suitable for those planning to construct their own homes.
• Businesses: Office spaces, showrooms, and other commercial units are available for rent.

Price Movements

• Residential Properties: The average pricing for apartments in Old Padra Road ranges from Rs 3,050 to Rs 4,250 per sq ft, averaging around Rs 3,750 per sq ft.

  • Price Growth: Rates have increased by 13.6% over the past year, 21% over the last five years, and 4.2% over the last decade.

• Individual Property Rates:

  • A 4 BHK Apartment can fetch around Rs 1.8 Cr for a 2500 sq.ft area, with an average price of Rs 7.2k/sq.ft
  • Houses are priced from Rs 1.75 crores to Rs 2.9 crores, depending on their size and configuration.

Rental Properties

• Residential Rentals: Options include 1/2/3 BHK flats as well as furnished and semi-furnished properties and standalone homes.
• Businesses: Offices ranging from 350 sq.ft to 4200 sq.ft are available with competitive monthly rent rates. For instance, a 350 sq.ft office space can be rented for ₹12,000 a month.

Facilities and Connectivity

Old Padra Road is well-connected and provides a peaceful setting with excellent accessibility. It is celebrated for its large roads, ensuring easy access.

PropertyWala’s Thoughts

Old Padra Road in Vadodara offers a promising prospect for both buyers and renters. The zone boasts a combination of residential and commercial properties suited for various needs. Given its strategic location, superior connectivity, and appreciating property prices, it stands as an attractive choice for those thinking of real estate investment in Vadodara. Nevertheless, doing a meticulous market study and considering individual preferences and budget before committing is wise.