The Ahmedabad highway is lined with container trucks that ferry Tata’s Rs 1-lakh car Nano to the rest of the country. With scores of 26-wheeler container trucks moving in and out of the plant, the sleepy township is waking up to a new dream.
Tata Motors
This Wednesday Tata Motors chairman Ratan Tata and Gujarat chief minister Narendra Modi inaugurate the Rs 2,000-crore Nano mother plant, they will be also unveiling a new Sanand. Gurgaon, then, is what Sanand wants to be, not just Rajkot or Ahmedabad.
The comparison, common these days among the new arrivals in town, is not far off the mark. The State Highway 17, a two-lane road, is being upgraded into a six-lane one connecting it with Kandla—the country’s no.1 port in terms of cargo handling—and the private port of Mundra. While the PPP project (along with L&T) was commissioned before Nano, the project has been on the fast-track with this project. And the Ahmedabad airport is only 40 km away.
Ahmedabad real estate prices have skyrocketed
Realty prices have skyrocketed by over 300% in the last two years in Sanand. Jaxay Shah, president of Confederation of Real Estate Developers Association of India (Gujarat), says that land prices were around
Rs 800-1,000 per square yard (about 9 square feet) two years ago. This has now hit Rs 3,500-4,000 per square yard.
Ahmedabad land prices up 25%
In fact, within the first few weeks of the announcement of relocation of the project, land prices had shot up by 25% and local and national real-estate developers expected a new ‘realty’ corridor to come up between Sanand and Ahmedabad, which will accommodate the employees who are expected to work in the industrial units to come up in this region. Today, advertisements abound in this township for small plots as well as for a township and a golf-home project being built by Hiranandani Group and Savvy Infrastructures, respectively.
Tags: Ahmedabad land prices, Ahmedabad real estate, Tata Nano
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