Real Estate Overview of Sanand, Ahmedabad

Sanand, a suburb in Ahmedabad, stands out as a growing real estate market with a mix of residential, commercial, and industrial properties. Here’s what you need to think about when buying or renting property here:

Property Prices

In Sanand, property prices change based on property type and location. For residential areas, the average price per square foot falls between Rs. 2,945 to Rs. 3,794.

• Residential properties start low at Rs. 1,111 per sqft but can rise up to Rs. 3,989 per sqft.
• Apartments specifically may cost between Rs. 2,900 to Rs. 4,350 per sqft.

Property Types

There are many kinds of properties available in Sanand:

• Apartments: Different sizes like 1 BHK, 2 BHK, and more, with rents from Rs. 9,500 to Rs. 17,500 per month.
• Independent Houses and Villas: Prices are set from Rs. 1,800 to Rs. 8,300 per sqft.
• Land and Plots: Rates range Rs. 450 to Rs. 3,050 per sqft, great for building your own home.

Price Trends

Sanand's market has ups and downs:

• There's been a big decrease in property rates year-over-year, with a drop of 40.94% over the last year.
• Some say the trends have been stable with a 1.6% change over the last year. However, over three years, rates went up by 24.0%, and over five years, by 51.2% for apartments.
• Land rates also grew, with appreciation of 18.2% in the past year and 62.5% over the last decade.

Rental Market

Renters have options here:

• Apartment rents start from Rs. 9,500 for a 1 BHK and go as high as Rs. 17,500 for a 2 BHK.

Locality and Amenities

Sanand is famous for its industrial and residential growth, attracting both investors and families. It’s well-linked with amenities such as schools, hospitals, and shopping areas.

PropertyWala's Insight

Sanand, Ahmedabad, holds mixed signals for real estate investors and buyers. Even though prices are down now, the long-term view suggests significant gains. This makes it a hopeful area for investment if you plan to buy and hold properties. For renters, the area offers a mix of apartments and independent houses with flexibility and affordability. But, it's essential to track market changes and seek real estate experts' advice to make choices that meet your financial targets and needs.