With the availability of a large number of the land tract and well-developed infrastructure, Satellite in Ahmedabad has emerged as a key and popular residential investment destination amongst homebuyers of the city. The area in recent times has seen many developments in almost all the categories of real estate such as commercial, retail as well as residential.
Located in the west of the city, Satellite is separated from the main city by Sabarmati River. It is surrounded by areas like Vastrapur, Jodhpur, Prahlad Nagar, etc. The locality enjoys smooth connectivity to other areas via thriving Sarkhej-Gandhinagar (SG) highway. It is also well-connected to other areas through Ahmedabad Municipal Transport Services (AMTS). The International Airport is around 16 km from the locality and the nearest railway station is at a distance of 10 km.
Satellite is home to well-developed infrastructure like educational institutions, banks, hospitals, malls, etc. It is surrounded by many entertainment and recreation centers that make this place a well-developed social hub. Iskcon temple and ISRO space center are also located in this area only.
In recent years, the area has seen a surge in the investment by home buyers due to the presence of many affordable housing projects. This has also lead to a rise in the property prices from Rs 5720 Rs 5825 per sq. ft. at present. Presence of large land parcels has called upon many real estate developers to construct affordable housing projects in this region leading to an increase in traction of budget-friendly buyers here.
One can easily find a 2 BHK apartment in the price range of 40-50 lakh, while a 3 BHK falls in the range of 70-80 lakh depending on the size and configuration.
Apart from this, the civic body is also working on many projects to add more green space in the area so as to beautify the whole locality. Also, many commercial, as well as retail projects, are also in various development stages which in future can surely increase property prices in this area.