Vapi town of south Gujarat, has been a favourite location for industrialists from Mumbai who want to set up plants in Gujarat because they find the state more investor friendly.
Of late, enquiries from Mumbai have increased substantially for suitable land near Maharashtra’s border with Gujarat. People are upset with parochialism in and around Mumbai.
This, according to government officials, has pushed up realty prices by at least 10 to 15 per cent in just the last two weeks. “Normally, realty deals in Gujarat take place only after Uttarayan. But the trouble in Mumbai has only spurred interest here,” a collector of a south Gujarat district told TOI.
“Of late, investors from Mumbai and Hyderabad have come here due to political disturbances there,” said Jaxay Shah, president of Confederation of Real Estate Developers’ Associations of India (CREDAI), Gujarat chapter. That this should happen in a year when both states are celebrating their golden jubilee is also significant. The hype around Swarnim Gujarat is creating an air of positivity around the state at a time when its neighbour is trying to slam the doors on ‘outsiders’. So, be it a large infrastructure firm, which is planning to shift a substantial part of their operations from Mumbai to south Gujarat, or a leading company that is close to setting up a steel plant in the state instead of Maharashtra, the list is growing long.
“The number of inquiries from companies in Maharashtra has certainly gone up in the past one year ever since the Marathi ‘manoos’ thing started,” say senior state government officials. “Some of these investors are of course Gujaratis who are feeling increasingly uncomfortable in the neighbouring state,” he said.
Tags: Gujarat real estate, Gujarat Realtors, Mumbai real estate, Real estate in India
July 12th, 2011 at 1:25 pm
Yes, This is true, Gujarat is also developing in each and every field so it is safe to invest in Gujarat\’s cities like Ahmedabad, Surat and many more.