Naroda in northeast Ahmedabad is an affordable housing market, well-connected to the core areas of the city, National Highway (NH)-8 and the Gandhinagar-Ahmedabad-Vadodara Highway. This strategic location and relative affordability of the micro-market have helped it emerge as the preferred residential destination in Ahmedabad.

Located close to the city airport and a railway station, Naroda has emerged as a property hotspot in Ahmedabad comprising several eminent developers, such as Pruthvi Developers, Gopinath Group of Companies, Royal Infrastructure, and Prathna Buildcon Builders. The major residential developments in the area are 2 BHK and 3 BHK apartments, housing plots, and individual houses.

Jay Poddar, Director, T Poddar Infradevelopers Limited, Ahmedabad, avers that Naroda has transformed from a neglected industrial hub into a desirable residential area due to its strategic location between Ahmedabad and Gandhinagar. In fact, the large industrial base in the area has paved the way for New Naroda along (National Highway) NH-59 that comprises multiple new residential projects.

“The average capital values in Naroda hover at Rs 2,050-3,300 per sq ft. The values appreciated by almost 10 percent YoY since 2020; however, despite the hike, the residential land rates in the area are relatively lower than other prominent locations, such as Saraspur and Kathwada. This makes the micro-market popular among end-users and investors alike,” adds Poddar.

RERA-registered projects in Naroda, Ahmedabad

Projects

Builders

Configurations

Budget

Possession

Arvind Aavishkaa

Arvind Smart spaces Limited

2 BHK

Rs 23.7 lakh

September 2023

Abjibapa Dev Aashish Sky

Abjibapa Buildcon

2 BHK and 3 BHK

Rs 28.5 lakh

April 2024

Swastik Harmony

Swastik Infra Ahmedabad

4 BHK

Rs 1.3 crore

Ready to move

Sadguru Landmark

Sadguru Landmark

1 BHK and 2 BHK

Rs 30.5 lakh

Ready to move

Uma Yash Flora

Uma Buildcon

2 BHK and 3 BHK

Rs 35 lakh

Ready to move

Source: 99acres

Key growth drivers of Naroda’s realty market

Optimal connectivity

National Highway (NH)-8 and Gandhinagar-Ahmedabad-Vadodara Highway in the vicinity allow smooth connectivity to important areas of the city. Also, the Sardar Patel Ring Road along the area ensures hassle-free access to public transport. The Sardargram Railway Station is located four km away, while Sardar Vallabhbhai Patel International Airport is around 10 km from Naroda, making it a popular housing destination in the city.

Social infrastructure

Naroda has excellent infrastructure, catering to various needs of the residents. It is home to some of the reputed schools, hospitals and shopping centres.

Social amenities in Naroda, Ahmedabad

Educational institutes

Hospitals

Malls

Divine Life International School

Shalby Hospitals

Laxmi Villa Mall

Devasya International School

Naroda, Vedant Multispeciality Hospital

Ahmedabad One Mall

Vedant International School

ESIC Hospital

 

Nearby employment hub

Naroda is a prime industrial hub of Ahmedabad that houses GIDC Industrial Park. Hosting many national and multinational companies, the industrial park is the main driver of the housing demand in the region. Also, Naroda offers swift connectivity to other business parks like Software Technology Parks of India (15 km), Infocity- The Global IT Park (21 km), and Westgate Business Bay (28 km). Moreover, Odhav Industrial Estate is situated at a distance of seven km from here.

Investment potential

Pravin Bavadiya, Proprietor, City Estate Management, remarks that Naroda is an ideal destination for investment in terms of rental yield. This is because of the major employment centres located in the vicinity and steady rental demand. The monthly rentals for a 3 BHK unit in Naroda, hover between Rs 12,000 per month and Rs 14,000 per month, while in the nearby mic-market in Saraspur (7 km), one would get only a 2 BHK unit in this budget. Hence, Naroda remains a preferred rental residential abode due to its competitive pricing.

Naroda has transformed from a neglected industrial area to a highly sought-after residential neighbourhood. And the proposed Ahmedabad's Metro Phase 2, to connect Ahmedabad (11 km) to Gandhinagar (22 km), will further add to its growing infrastructure and residential development. While Naroda is an evolving market, promising good Returns on Investment (ROI), potential buyers should either prefer RERA-registered projects. You may also consult a reputed realty agent before finalising a deal.