1. 1.1 INTRODUCTION
Increasing economic activity obviously means pressure on urban space. The real estate industry
has reacted favourably to these emerging trends and there has been a spurt in property
development in the last few years. While new developers have entered, existing ones have
expanded their activities in a big way. Many companies have diversified into real estate
development and some have tied up with international operators. Non-resident Indians and
multinational companies have directed property demand to a great extent in recent time.
Despite all these developments, many hurdles seem to be on the way of real estate.
Real estate Development is a continuous process, generating wide spread, planned socio-
economical impacts over all segments of society. It is a very important to justify potential of
every piece of land being a scarce commodity and any property development should be
justified as well. Property once constructed, is expected to exist for a long period of time.
Development and management of real estate property is a multifaceted activity combining a
variety of disciplines as varied as law, finance, banking, business and marketing management,
valuation, accounting, land surveying, engineering, architecture and town planning. Although
real estate development practice in India has been taking place for several decades now, mostly
in a rather unorganized manner, the business has come into sharper focus in recent time. The
reasons being emerging management concepts in real estate development, economic
liberalization, development of corporate culture, competition, increasing public awareness,
better investment opportunities, improved organizational establishment, scope of
technological up gradation.
The population of urban areas of India is growing at a very alarming rate. In the year 2021, more
than 50% of India's population is expected to live in urban areas. The population in the urban
areas puts a severe pressure on urban infrastructure facilities. As urban areas grow with
migration the city limits need to be extended. It is a natural economic response to the
increasing demand for space in the growing urban economy.
[Source: www.IndianRealtyNews.com, www.egovamc.com]
1.2 Present scenario:
Ahmedabad have become the dominant centre of Gujarat and in turn attracts a lot of activities
such as industrial, commercial and other services. Government offices have also proliferated.
This has led to an entry of huge population to the area creating a lot of illegal activities due to
high pressure on land and housing. Though there are two authorities namely Ahmedabad
Municipal Corporation (AMC) and Ahmedabad Urban Development Authority (AUDA) to
control urban development, there seems to be no embayance of the activity due to haphazard
& unguided development.
SR. No. Year Population (Million) Approx. Area (Ha)
1 1981 2.5 19000
2 1991 3.4 23000
3 2001* 4.6 35000
4 2011 6.5 50000
[Source: egovamc.com]
The population is increasing everyday and many new developers have entered into the business.
New areas are developed by developers and also the AUDA & AMC. But the direction of
development is not in control. Everywhere development is going in terms of Residential,
Commercial, Industrial, SEZs, Retail, Hospitality, etc. However the AUDA and AMC is trying to
2. keep in control and they have laid guidelines for the approval of the projects which let the area
develop in a certain manner. And nature of development is almost defined after putting the
zones and rules and regulations for them. But still the direction of growth is not seem to be
going in a correct way.
1.3 NEED FOR THE STUDY
The real estate sector in Ahmedabad has assumed growing importance with the liberalisation of
economy. The consequent rise in business opportunities and migration to urban areas has
increased the demand space for commercial and housing space. Developments in the real estate
sector are being influenced by developments in the retail, hospitality & entertainment, social
services and information technology sector.
In any developing city the direction of growth can not be correctly forecasted & would
depend on number of factors such as social & economic parameters, so that it is necessary to
study the trend of development.
1.4 OBJECTIVES
To study and analyse recent Property trends in real estate development in ahmedabad and
reasons contributing to such trends.
1.5 SCOPE OF THE STUDY
The study is restricted to 5 T.P. Scheme of Ahmedabad. The property trend in real estate
development would be studied in urban development authority and municipal corporation
areas of Ahmedabad which include Gota (T.P. No 33), Thaltej (T.P. No 39), Chandkheda (T.P.
No 44), Motera (T.P. No 46), and Nikol (T.P. No 101).
Map of Ahmedabad showing above areas is shown below.
[source: Google Maps]
Drawing no.1 Ahmedabad map showing 5 areas(black colour round) which is selected for
study
3. 1.6 SELECTION OF CASE STUDIES:
Selection of 5 T.P. schemes was done.
1. Thaltej – T.P. no. 39
2. Gota – T.P. no. 33
3. Chandkheda – T.P. no. 44
4. Motera – T.P. no. 46
5. Nikol – T.P. no. 101
Criteria for selection:
o Area which developed after the T.P. Scheme is declared.
o Area which has grown hugely in the past few years in all manners in terms of infrastructure,
services, etc.
1.7 RESEARCH METHODOLOGY
In the direction of the above objectives, the study has been formulated in terms of following
steps:
Literature review: A detailed review of literature to be undergone by conducting a perception
study to identify factors affecting property trends in Real Estate Development. From books,
journals, Thesis, websites.
Data collection: Data collection for study of trends in real estate development is done through
personal interviews with experienced and knowledgeable persons, real estate developers and
secondary data sources like research reports prepared by various governmental agencies,
company and project brochures, journals, newspapers etc.
Research mediums: Case studies, Perception study
Data analysis: The trend observed are enumerated and analysed to understand the opportunities
presented by the market and an attempt is made to formulate an outlook based on the trajectory
of the development process. It is believed that observations from this city’s case studies can be
generalized in order to come out with a overall picture of Property trends in real estate
development.
1.8 Potential for utilisation in Construction Industry
o By analysing the property trends the forecast for property rates and direction of
development can be made.
o The investor can judge whether to invest or not.
o Even the developers can follow the trend and manage to provide what is really
needed(In Demand) to the customers.
4. Months December January February March April
Weeks
1
2
3 4 5 6
7
8
9
1
0
1
1
1
2
1
3
1
4
1
5
1
6
1
7
1
8
1
9
2
0
Literature Review
Preparation Of
Questionnaire
Primary Data Collection
For T.P. Schemes
Secondary Data Collection
For T.P. Schemes
Data Analysis
Compilation Of Data &
Typing
Final Checking and
Printing
Limitations:
o The present study is limited to five T.P. Schemes due to time constraints.
o The current trends in the five T.P. Schemes are studied.
5. Study of Real Estate Developers and Trends in Real Estate Development
Mitali Nanavaty (1900)
School of Building Science & Technology, CEPT.
Chap. 2 Literature Studies
An Overview of the Real Estate Industry
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School of Building Science & Technology, CEPT.
Real estate is the single largest asset class and wealth holding of individuals, households and
companies globally. The development of this sector is an integral part of economic development. In
most countries, and particularly in developing countries, housing is a very large proportion of a
household’s expenditure and takes up a substantial part of lifetime income. The backward and
forward linkages to land markets, durable goods manufacturing and the contribution to the
development of labour markets with depth and mobility further underscores the significance of this
sector, particularly in the process of economic reform and transition.
Real estate occupies a unique place among the disciplines of business and economics due to its
uniquely integrative nature. It brings together material from at least six other major fields and makes
it possible to study the interfaces among these disciplines.
Figure 8-1 Diagram showing how Real Estate ties with various concepts like Economics, Finance,
Marketing, Sociology, Law and Geography
Real Estate is possibly the most basic of all the assets a person may own. The Indian real estate and
housing industry, in modern sense, came into being after Independence in 1947, when the Country
was confronted with finding shelter for a large number of refugees from West Punjab. Initially it was
left to the Government through various housing boards to accommodate these displaced people.
However after 1954, “Ownership Flats Construction” commenced its operations through private
developers first in Mumbai, which later spread to other towns in subsequent years.
Types of Real Estate
Residential Real Estate
Residential real estate includes dwelling units, apartments, housing etc. which are occupied by a
person for the purpose of homebuilding. This is one of the major types of real estate which is having
a sustained demand and will do so for a long time to come. The three major reasons sighted for the
continuing need for dwelling units are population growth, household formation and mobility of
population from one place to another.
Commercial Real Estate
Commercial real estate is defined as including “all real property acquired for investment except
apartment houses, housing projects, and other dwelling units, including the stores, shops, and
recreational facilities connected with them.” Commercial buildings generally follow the growth and
movement of population.
Economics
Market Theory
Land Use Theory
Value Theory
Finance
Capital markets and institutions
Investment analysis
Portfolio management
Law
Nature and conveyance of
interest in land
Marketing
Market Analysis
Marketing communication
Consumer behaviour
Personal selling
Geography
Physical and locational
nature of real property
Sociology
Population Study
Culture Patterns
Urban Development
studies and problems
REAL ESTATE
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School of Building Science & Technology, CEPT.
Industrial Real Estate
Industrial property is real estate used in connection with the manufacturing of industrial and
consumer goods. Industrial goods are goods used for further production, while consumer goods are
purchased for immediate consumption. Industrial sites are particularly affected by business
conditions in terms of the demand for both industrial and business goods, as well as government
policies.Error! Bookmark not defined.
URBANIZATION
Urbanization is the process of rendering urban, the process of removal of the rural chapter
of an area or a place. A careful distinction needs to be made here between the absolute growth of
cities (civilization) and the process of urbanization. In an urbanizing society, the proportion of city
dwellers to the total population increases steadily. In countries or places which have already
been urbanized it can continue to grow in absolute size along with overall population growth,
however, the population not be becoming proportionately more urban.
Urban growth creates both opportunities as well as conflicts however in case of developing
countries are affected worse due to expeditious growth of population. For several decades in
developing countries, urban areas have been growing faster rate than the general population
because of massive migration from rural areas. It is expected that by the end of 20th
century, there
will be about 6 billion people- on the earth, more than half of whom will be dwelling in urban areas,
against 29% in 1950 and 42% in 1987 and 60% in 2009.
Rapid urbanization suggests that urban population is growing at a faster rate than the
average rate of growth of nation. Urban population increases due to (i) natural increase or increase
of birth over death and (ii) migration or reclassification of areas or limits. The tempo of migration
might have increased in recent years on account of development planning, extension of education,
industrialization improvement in transportation and communication. Urbanization in the
demographic 'sense is increases in proportion of the urban population to the total population over a
period of time. When the proportion of urban population to the total population increases its called
phenomenon of urbanization. However-.theoretically, it is possible that this ratio remain constant
over a time in a situation where there is absolutely no rural to urban migration and both the rural
and urban population grow at the same rate. The process of urbanization is a continuous process
which is not merely concomitant of industrialization, but concomitant of whole gamut of factors
underlying the process of economic growth and social change. Rapid urbanization is a recent
phenomenon in most cities of third world. This urbanization has brought about both the
agglomeration of economic activities and population. This rapidly growing population demands
more serviced urban land for the fulfillment of the basic needs and shelter, which demand large
areas of land under residential development.
The process of Urbanization has made urban land as scarce and expensive commodity,
which affects the urban poor. The study tries to look in to these conflicts, especially with respect to
the patterns and process of development in the developing areas of Ahmedabad within jurisdiction
of Ahmedabad Urban Development Authority. Due to the lopsided character of the urban growth
the city continues to bear the burden of excessive growth of population and lack of proper planning
and implementation resulting in haphazard, undesirable growth in the areas around the Core City.
Urban areas are growing at a very fast pace. People are attracted to urban areas because of various
reasons like job opportunity, amenities, etc. This increase in size of urban area mainly because of
two major reasons:
1. People from rural areas / villages come to urban areas to get a job and they stay back here.
2. People in urban areas divide themselves like joint family break down into nuclear families.
Both the above two reasons result in more demand of 'urban space'. Thus day by day the
size of urban areas is increasing to accommodate more and more number of people. This increase in
size of urban areas or the so called 'urban sprawl' results in unplanned development, which
ultimately results in 'urban environment problems'.
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1 .2 Urbanization in India
India is one of the most populated countries in the world, next only to China. Although India
occupies only 2.4% of the total area of the world, it supports over 15% of the world population, as
revealed by statistics. Each year India is adding 18 million people, roughly another Australia. By
2050, U.N. demographers project that it will have another 530 million people for a total of more
than 1.5 billion. If India continues on the demographic path as projected, it will overtake China by
2045, becoming the world's most populous country. About a quarter of India's population is urban.
At least 23 Indian cities have over a million residents. Delhi, Calcutta, Mumbai and Chennai are the
four main cities of India. The first three cities have over 10 million residents.
When India got independence in 1947, about 85 % of its population was living in rural areas and
only 15 % in urban areas. The rate of urbanization in the preceding decades had been very slow. As
indicated in Table 1, the urbanization increased from 10.81 % in 1901 to 1911 % in 1931 and 13.86 % in
18941. After independence, the urban growth was accelerated and registered the highest decadal
growth of 46.14 % during 1971-81. During the last six decades (1941-2001) the urban population has
increased from 13.86 % to 27.80 %. The urban population growth in India is a result of 'pull' as well as
'push' factors i.e. attraction of better employment opportunities in urban areas and labour force
rendered surplus due to the limited capacity of the rural economy to accommodate the increasing
population.
Urbanisation Trend in India
No. Census Year Total Population
(in million)
Urban
Population (in
million)
Urban Population
as %age of total
Population
Decadal growth
rate of urban
population in (%)
1 1901 238.40 25.90 10.81 -
2 1911 252.10 26.00 10.29 0.35
3 1921 251. ,30 28.10 11.18 8.65
4 1931 279.00 33.50 11.99 19.12
5 1941 318.70 41.20 13.86 31.97
6 1951 361.10 62.40 17.29 41.42
7 1961 439.20 79.00 17.97 26.41
8 1971 548.20 109.10 19.91 38.23
9 1981 683.30 159.50 23.34 46.14
10 1991 . 844.30 217.20 25.72 36.19
11 2001 1027.50 285.93 27.80 31.64
The world population projections indicate that India's total population will be doubled
during the next six decades (1900-2050). During the third decade of the next century, India will
become the most populous country of the world. Whatever efforts are made for controlling the
population growth, the next three decades are the most Crucial for planning and development of
human settlements and provision of the required infrastructure.2
Although the rate of urbanization in India has been quite moderate during this century, due to a low
level of urbanization (Table 2) and large population base there has been a rapid growth of urban
population. Over the last 50 years. The urban population has been doubling itself every twenty
years. In spite of such a rapid growth rate, the urban population accounted for 25.72 & of the' total
population 1991.
The past experience clearly indicates that Economic Growth and Urban Development go
hand in hand, therefore, the rate of urbanization in India in coming decades is likely to increase. This
will put an unprecedented demand for growth of urban areas.
In such an uncontrolled race, the right type of infrastructure cannot be planed or provided.
By the time an infrastructure is provided to meet the present demand, it is already overloaded and
hence in need of further expansion. Such a flexibility could be provided by the road based systems
predominated by personalized modes for transportation and individual arrangements for. water
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School of Building Science & Technology, CEPT.
supply and sanitation. And that is what has been happening in all our cities. But, such a system is
neither cost effective nor can it make optimum use of resources. Due to perceived lower marginal
costs of meeting incremental demand, all our larger cities have grown into nightmares.
If we want to make optimum use of our urban infrastructure, it should precede development
and act as a catalyst to development in a desired pattern.
Long term measures are, therefore, to be taken up without further loss of time to meet the
demand of further urbanization and reverse the migration to our mega cities.
Urbanization in Gujarat
Gujarat is among leading and most urbanized states of India, which stands third after
Mizoram and Maharastra states. It is considered among states having rapid industrialization. Urban
population of Gujarat as per 2001 census is 37.67%.
REAL ESTATE SCENARIO IN INDIAN CITIES1
:
Real Estate Development is a multi faceted activity combining a variety of disciplines as
varies as law, finance, banking business, marketing, management and valuation, accounting,
land surveying, engineering and architecture & town planning. Although real estate
development activity has been taking place for several decades now, mostly in a rather
disorganized' manner, the business has come into sharper focus in recent times because of a
variety of reasons. Over the years several changes have occurred on the real estate scene in
India.
The real estate sector, which today, has become visible and dominant in almost all Indian
cities can be defined as that segment of business enterprise which is engages in the activity,
of production, financing, marketing and real property management. Real estate developers
are often referred to as colonizers, builders, promoters, etc. in different parts of the
country. Although real estate developers form a sizable number and constitute a significant
portion of the property supply in India, they are not a recognized group of professionals
unlike in some other courtiers in the West. There are several reasons for this. Prior to
independence, the urban development, sector was not as organized as it came to be later.
Housing supply in India in the pre-independence era was mostly an outcome of people's own
initiatives along with a small segment of government provided housing through local
municipalities and improvement trusts. The post-independence era witnessed a high pace of
industrialization and increased rural-urban mobility which had its repercussions on urban
property. More concerted efforts were then made by the Government to organize housing
production and development activities with the initiation of the five year planning strategy
since the fifties. (Note: The Five Year Planning Strategy was introduced with the First Five
Year Plan (1951-55). The plans state the policy directions of the government in various
sectors of the economy viz. industry, agriculture, urban development, etc., and 9ive the
sectoral fund allocations.)
In India they are not yet recognize as professionals. As a historical consequence of these and
many other factors, the real estate sector has by far remained a neglected and unrecognized
sector of property supply, often operating illegally. Interestingly it can be observed that
despite actiye government interventions in the past forty years and the disorganized and
unrecognized status of the real estate developers, it has been the private sector rather than
the government which has contributed much more towards the housing supply.
In terms of investment, the private sector has invested nearly ten times more than the public
sector has invested nearly ten times more than the public sector during the Seventh Plan
period (Govt. of India, 1990). The government has now realized the need to organize and
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School of Building Science & Technology, CEPT.
invigorate the private sector real estate development and has stated in the recent National
Housing Policy that laws relating to the private builder sector have to be reviewed to as to
remove constraints and facilitate appropriate housing development, the growing interest in
the private sector development has been not only on account of the lirnited success of the
public sector supply or the resource constraints with government agencies but also on
account of the rapidly growing private developer enterprise which, despite several
constraints, has been continuing as a dynamic mode of property supply in many Indian cities.
One of the basic necessities of the common man is shelter. With more and more people
migrating into the larger cities, the pressure on housing has been increasing enormously,
whilst the government agencies have been trying to do their best to solve the problem, the
sheer magnitude is still daunting. In such a situation, several entrepreneurs have entered the
housing development field. A large number of real estate projects have been completed or
are being completed in different parts of the country. However, for the common man, there
are several problems such as trying to locate a good developer, knowing whether the project
is sanctioned or not, whether he is getting value for money or not, whether the
arrangements for water, etc. are adequate or not, whether the land title is okay and so on.
Although construction sector employs highest manpower in India, it has struggled a lot to get
industry status in the past.
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School of Building Science & Technology, CEPT.
1.1 Introduction of the City Ahmedabad
Background
Cities play a critical role in the economic development process of the nation. They are the engines of
economic growth and places of high productivity. They contribute more than the
proportionate share towards the State income. For instance, Ahmedabad, which accounted for 8
percent of the total and 23 percent of the urban population of the State, was estimated to have
generated 17 percent of the State income in 1995. Ahmedabad city, in 1976-77, with 7 percent of
the total population, had generated 14 percent of the total State income. The per capita income in
the City was found to be almost double than that of the State average (NIUA, 2001). From this it is
clear that to sustain high rates of economic growth, cities have to be more competitive.
While cities generate more than proportionate share of States’ income, they also pose certain
challenges. The challenges include providing access to serviced land for housing the urban poor,
provision of basic amenities and facilities and a system to plan and manage these. Hence urban
investments in economic, physical and social infrastructure at adequate levels are a prerequisite. In
recognition of these the state has initiated series of reforms in urban governance. A greater
emphasis has been laid when the state declared the year 2005 as Urban Development Year-2005. At
the State level, in line with URIF framework preparation of the State Urban Slum Policy, State
Hawkers Policy and State Urban Transport Policy has been undertaken and are under various stages
of finalization. As a part Urban Year efforts, cities have prepared, through consultative process, City
Development Strategies/Plan which outline vision, strategies to achieve the vision and an time
bound action plans.
In Ahmedabad, the process of preparation of City Development Strategy began in the year 1999 with
a series of consultations which brought out the City Development Strategy report in February 2003.
For effective implementation, a medium-term plan City Development Plan focusing on priority
projects has been dveloped. Further in May 2005, in line with the Vibrant Gujarat Vision of the
Government of Gujarat, AMC and AUDA conceived a three-year-plan to ensure delivery of basic
infrastructure services to the entire area under their jurisdiction and set the stage for the next level
of development.
The National Urban Renewal Mission gives the city an opportunity to carry forward this initiative and
place the reform process on a higher plane. This would also be an opportunity for the city to
undertake a mid-course assessment and re-position its priorities with changing needs within the
NURM framework. The section below describes the Plan Preparation process.
2.1 General
The city of Ahmedabad was founded in 1411 AD as a walled city on the eastern bank of the
river Sabarmati, now the seventh largest metropolis in India and the largest in the state. The urban
agglomeration (UA) population has increased from 3.31 Million in 1991 to 5.81 million in 2001.
Historically Ahmedabad has been one of the most important centres of trade and commerce
in western India. The city was once famous as the ‘Manchester of India’ on account of its textile
industry. It had as many as 66 mills employing a workforce of over one hundred thousand persons. It
lies in the cotton belt of Gujarat, 552 km north of Mumbai and 96 km from the Gulf of Cambay. It
has three major industrial estates within its municipal limits. It is also a major industrial and financial
city contributing about 14% of the total investments in all stock exchanges in India and 60% of the
total productivity of the state2. A private company operates a thermal power plant in the city.
Ahmedabad is the home of several scientific and educational institutions of national, regional and
global importance. The city has a great architectural tradition reflected in many exquisite
monuments, temples and modern buildings.
2.2 Location and Climate
Ahmedabad City lies between 22o 55’ and 23o 08’ North Latitude and 72o 30’ and 72o 42’ East
Longitude. The city is devoid of any major physical features except for the river Sabarmati, which is
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cutting the city into two parts: eastern walled city and western Ahmedabad on either side of its
banks. The Ahmedabad-Mumbai Golden Corridor has long been recognized as an important
development axis in western India. The city acts as a terminal, rather than as an intermediate node
in this linear influence. It has seven major roadways, one expressway and five rail networks. A new
corridor between Ahmedabad and Pune has recently emerged, connecting the city to other
metropolitan cities including Vadodara, Surat and Mumbai. All these factors have resulted in the
axial growth of the region. Ahmedabad has a tropical monsoon climate, which is hot and dry, except
in the rainy season. Summer days are very hot with mean maximum temperature of 41.30C while,
nights are pleasant with mean minimum temperature of 26.30C. The mean maximum and minimum
temperatures in winter are 300C and 15.40C respectively. The average annual rainfall of the area is
782mm, although there is a considerable variation from year to year. It occurs generally during the
months of June to September. The average relative humidity is 60% with a maximum of 80% to 90%
during the rainy season.
2.3 Demographic Trends
The Greater Ahmedabad Urban agglomeration is an amalgam covering an area of about 4200 sq. Km
is an amalgam of (Refer Map-2-1). The map reveals:
1. An area of 190 square kilometres is under the jurisdiction of Ahmedabad Municipal Corporation
(AMC)3, and
2. 150 villages in the periphery of the city are under the jurisdiction of Ahmedabad Urban
Development Authority (AUDA)4,
3. 9 Municipalities in the periphery of the city are under the jurisdiction of Ahmedabad Urban
Development Authority (AUDA),
4. Gandhinagar and the surrounding villages,
5. Chatral, Bopal and other surrounding villages adjoining AUDA limits
The area within the Ahmedabad Municipal Corporation limits consists of:
1. The traditional city centre within the fort walls with relatively high-density development, large
concentration of commercial activities and narrow streets,
2. The eastern sector accommodating large and small industries and low income residential areas,
and
3. A well planned western sector with wide roads accommodating major institutions and high-
income residential areas
The population in the AMC limits increased to 35.15 lakh in 2001 from 28.77 lakh in 1991.
The population in AUDA area in 1991 was 38.75 lakh. The Ahmedabad Urban Agglomeration (AUA)
housed 23.25 % of the State’s urban population in 1991, which has gone up to about 25% in 2001.
Compared to other metropolises in India Ahmedabad has a lesser degree of primacy and urban
population is spread evenly across other metropolitan and class I cities in the State. The AMC area is
spread over 190.84 sq km, the AUA area is about 350 sq km and AUDA area is 1330.08 sq km. Spatial
distribution of this population within the city over the decades shows that up to 1981 most of the
new population added to the city was concentrated within the old AMC limits itself, especially in the
eastern part. Expansion of the peripheral areas began in the 1980s and has continued. Earlier only
the eastern parts and particularly the eastern periphery registered faster growth rate, but since the
1980s even the western periphery has grown rapidly.
Spatial Patterns of Population Growth
Spatial Unit 1981 1991 2001
1. Ahmedabad Municipal Corporation (AMC) 2159127 2876710 3520085
2. A.U.D.A. 2721925 3756246 4709180
3. Kalol 78407 92550 112013
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4. Mehemdabad 22309 26103 30768
5. Dehgam 24868 31378 38082
6. Sanand 22465 25674 32417
7. Other areas outside AUDA 264555 309871 334531
8. Gandhinagar 199353 280234 373663
8.a. Gandhinagar (GNA) 62443 123359 195926
8.b. Rest of Gandhinagar 136910 156875 177737
GREATER AHMEDABAD 3185833 4346351 5417374
Table2 :Population growth of Ahmedabad
The greater Ahmedabad area has grown at a moderate rate. Growth rates have declined
from 3.2 and 2.2 percent (compounded per annum) during the past two decades. However, the rates
vary across different spatial units. The population within the AMC limits appears to approach a
stabilization level. The areas adjoining AMC, falling within AUDA limits have shown rapid growth.
Gandhinagar is also experiencing relatively high rate of growth.
As stated above the population growth in the peripheral areas is more rapid than the areas
within the city limits. This is partly due to the saturation of population within the city area and the
consequent large-scale housing development in the peripheral areas. The contrasting spatial
patterns observed in the eastern and western areas of AMC have extended into the peripheral areas
in the same manner. The western part is experiencing more rapid growth than the eastern part.
Rapid growth in the form of ribbon development along the Sarkhej-Gandhinagar highway is being
witnessed during the 1990’s. These trends are likely to intensify further in the coming decades. It is
also a note worthy feature that the spatial expansion of Ahmedabad is largely contiguous and
relatively compact.
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Population Density
The density pattern presented below indicates the spatial expansion is limited to contiguous
areas around AMC. The walled city is one of the most densely populated areas in the study area, and
it has reached levels of saturation. The new outgrowths have been in the western parts of the city in
the AUDA jurisdiction with people preferring to stay in the peripheral areas where they could avail of
better infrastructure facilities. The zones along the 132’ Ring Road and Naroda - Narol Highway have
seen a higher level of physical development in the last few years. It also appears that most of the
eastern part and a few parts in the southwest and northwest have higher densities.
Ahmedabad- A Compact City
In terms of spatial expansion, as may be seen from below, unlike Bangalore and Hyderabad,
the city during the past ten-year period has expanded in a contiguous manner and remained
compact A comparative analysis of three cities in terms of spatial expansion over a decade has been
carried out based on Lan Sat Image. From the above it is evident that Hyderbad is the most spread
out city followed by Bangalore. The blue patches indicate low-density sprawl type of development.
The study referred below analysed planning mechanisms and concluded that the Master
Plan/Development Planning and Town Planning Scheme mechanisms have been effective in
Ahmedabad in keeping the city compact. Further, it concludes that the effect of urban sprawl is also
evident in terms acute traffic and transport problems in Bangalore and to some extent in Hyderbad.
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School of Building Science & Technology, CEPT.
Spatial Unit
Persons/Hectare
1881 1981 2001
1. Ahmedabad municipal Corporation (AMC) 113 151 184
1.a Walled city 716 599 560
1.b East AMC 79 134 178
1.c West AMC 109 135 159
2. A.U.D.A. 11 61 77
2.a East AUDA 6 7 11
2.b West AUDA 13 28 43
2.c AUDA(Rural) 12 14 16
3. Kalol 27 31 38
4. Mehemadabad 19 22 26
5. Dehgam 11 13 16
6. Sanand 6 7 9
7. Other areas outside AUDA 8 9 10
8. Gamdhinagar 5 7 9
8.a Gandhinagar (GNA) 24 47 75
8.b Rest of Gandhinagar 4 4 5
Greater Ahmedabad 12 16 20
Table : Population Density
Urban Economy
The city of Ahmedabad has had great importance in the economy of Gujarat owing to the large
concentration of economic activities their high growth rates and productivity. Ahmedabad accounts
for 7% of the state’s total population and around 20% of its urban population. In 1995, with 7
percent of the total population, Ahmedabad contributed to 17 percent of the state income (4).
Ahmedabad city accounts for 21.5% of factories in the state employing 18% of workers (2000). In
1981, before the textile crisis, Ahmedabad city used to account for 19.3% of factories and 27.7% of
workers in the state. Ahmedabad accounts for almost 19 percent of main urban workers in the state
and 60 percent in Ahmedabad District. A sectoral shift has been observed in Gujarat, after
liberalization. There has been a rapid growth of chemical and petrochemical industries in South
Gujarat districts. The investment figures show a significant decline in the share of industries in and
around Ahmedabad. On the other hand, tertiary sector which includes business and commerce,
transportation and communication, construction activities and other services appears to be growing.
The workers participation rate (WPR) or the share of working population in Ahmedabad is 32
percent (2001) as against 33 percent of the State Urban WPR. The following table shows the nine-
point classification of the workers in AMC. Though it is not very apt to compare the figures of 1971
and 1991 because of the change in the Corporation area, an analysis of the shares could give an
insight into the changing occupational pattern
Land Use
Spatial arrangements of land uses determine the population distribution and infrastructure
demand patterns in the city. This section briefly describes the land use patterns in the city. The
Ahmedabad Urban Development Authority is responsible for land use planning within its
jurisdictional limits. As stated above, the area under AUDA may be seen as various subunits
depending on the administrative jurisdictional limits and extent of development. Of this, the area
delineated as Ahmedabad Urban Complex consisting of AMC, outgrowth adjoining AMC and area
likely to develop in the ten years has been designated as Ahmedabad Urban Complex. It is this area,
which is the focus in this study.
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School of Building Science & Technology, CEPT.
Land Use Planning Mechanisms
An integrated landuse planning and regulation of building activities, taking into account the mutual
interaction of landuse and urban services, is essential for fostering functional efficiency and orderly
growth of urban areas. In order to have a planned and guided growth, planning mechanisms under
the Gujarat Town Planning and Urban Development Act (1976) have been established. The
mechanism in operation in Gujarat include: Development Plan: Prepared for the entire area of the
Urban Development Area which consists of two parts
a) A land use plan earmarking various areas as permissible use zones, and
b) A Development Control Rules for implementation of development plans
Town Planning Scheme: Prepared for an area of about 100 hectares with an objective to convert
original agricultural plots into urban plots with proper shape, size and access. In the process of
preparation of these areas, aspects of public amenities, housing for weaker section and for
marketing by the ULB to recover facilities infrastructure building costs are integrated. The total of
this area ranges between 35 to 50%.
Land-use in AUDA area
Of the total AUDA area of 1294.65 sq. km, nearly 50 percent is built up. Water bodies and
wastelands cover 12 percent and 17 percent of area respectively. Industries cover 9 percent of the
area. As per the State Government Policy, no major industrial development within 24 kms of AMC
limit is permitted in AUDA area. Considering existing development conditions a certain area for
industrial use is designated for light industry as well as for general industry, along with existing
industries at Vatwa, Naroda and Odhav (all lying within AMC), which forms nearly 10.38 percent.
Figure: Land Use in AUDA Area (1997)
Brick
Klin/Quarries, 4%
Industries, 9%
Open Land, 2%
Recreation, 1%
Built Up, 50%
Public Institution, 3%
Transportation
Node, 2%
Wasteland, 17%
Water
Bodies, 12%
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Land Use in City area
As per existing land use (1997), more than one third (36%) of the total area is under
residential use, followed by 15 percent of the area under the industries (Refer Figure 2-5).
Large tracts of land (23.44%) are lying vacant, mostly in the newly acquired area of the
AMC. Only 9.5 percent of the total area is under transportation network as against the norm
of 15-18 per cent. as specified by UDPFI norms.
Roads, 7%
Railway Land, 2%
Residential, 36%
Commercial, 2%Industrial, 15%
Open/ Vacant
Land, 24%
Gamtal, 5%
Education, 2%
AMC Plots, 2%
Hospitals, 1%
Waterbodies, 4%
Roads, 9%
Railway Land, 4%
Residential, 44%
Commercial, 1%
Industrial, 15%
Open/ Vacant
Land, 9%
Gamtal, 3%
Education, 2%
Special
Development
Area, 10%
Waterbodies
including River, 5%
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School of Building Science & Technology, CEPT.
Population Forecast and Spatial Expansion
With declining birth and death rate trends continuing, the city is expected grow at a moderate
rate and stabilize by the year 2035 with a population of about 10 to 11 million (Refer Table 2-
8). The physical expanse of the city is expected to also incorporate large areas around
Ahmedabad, which were presented as part of greater Ahmedabad area.
Sr. No. Year Population (Million) Approx. Area (Ha)
1 1981 2.5 19000
2 1991 3.4 23000
3 2001 4.6 30000
4 2011 6.9 50000
5 2035 10.9 80000-90000
Table 2-9: Population Forecast
Source: GIDB/LB (2000) ‘Socio-Economic & Land use Studies
Map 2-5: Greater Ahmedabad Development Area: 2011 and 2035
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School of Building Science & Technology, CEPT.
Data Collection
1.2 SELECTION OF CASE STUDIES:
Selection of 5 T.P. schemes was done.
6. Thaltej – T.P. no. 39
7. Gota – T.P. no. 33
8. Chandkheda – T.P. no. 44
9. Motera – T.P. no. 46
10.Nikol – T.P. no. 101
Criteria for selection:
o Area which developed after the T.P. Scheme is declared.
o Area which has grown hugely in the past few years in all manners in terms of infrastructure,
services, etc.
1.3 METHOD FOR DATA COLLECTION
Primary data:
o T.P. Scheme data(Drawings, areas, etc.) – Through AUDA(Ahmedabad Urban Development
authority) and Town Planning office
o Existing built up properties until now – Through survey on the field by visiting each property
o Prevailing Market rates – Through survey Questionnaire (any ongoing project and broker)
o Observation for each T.P. Schemes – Self study during survey
Secondary data:
o Property Times
o Gujarat informatics centre for land(Website:- http://www.gicl.in/)
1.4 DATA ANALYSIS:
o Comparison of average residential property rates with past residential property rates
o Comparison of average commercial property rates with past commercial property rates
o Comparison of average land rates with past land rates
1.5 COLLECTED DATA:
Summary of Data Collection till yesterday
Description Data Collected Data Awaited
T.P. Scheme Plan T.P. 33, 39, 44, 46, 101 Areas of F.P.(Final Plots)
Property survey on the field T.P. 33, 39, 44, 46, 101 -
Prevailing Market Rates T.P. 33, 39, 44, 46, 101 -
Land Use T.P. 33, 39, 44, 46, 101 -
Observation findings T.P. 33, 39, 44, 46, 101 -
Past Market Rates T.P. 39 T.P. 33, 44, 46, 101
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1.6 Thaltej (T.P. Scheme no. 39)
Total area : 49.95 ha (4,99,500 sq.m.)
No. of plots : 71 Plots(54 Personally owned+ 17 AUDA Reserved)
Zone : R2 Zone
Prevailing Market Rates as on Jan 2010
Land 30,000 Rs./Sq.Yds
Residential Bungalow 45,000 Rs./Sq.Yds
Residential Appartment 28,000 Rs./Sq.Yds
Commercial Shop 6000 Rs./Sq.Ft.
Commercial Office 3000 Rs./Sq.Ft.
Observations:
1. This area has seen a very huge growth over these 5 years.
2. Directly connected to NH-8C and S.P. Ring road.
3. All basic infrastructures is available.
4. One of the Well developed T.P. scheme of AUDA.
5. Nature of buyers and sellers was such that the dealing was easy in case of both, land
and developed property.
6. So many reputed builders started developing the area so it was the plus point for
the area.
Classification of AUDA Developed area and Reserved plots area(17 plots)
Use of Land Area(Sq.m.) Area(%)
S.E.W.S.H. 17792 3.56
Garden 10913 2.18
Neighbourhood Centre 14735 2.95
School 5789 1.16
Sale for Commercial 23248 4.65
Sale for Residential 25659 5.14
Roads 87498 17.52
Total 185634
Details of other plots(54 plots)
Sr. No. F.P. NO NAME OF SOC. TYPE UNITS
1 18 NISARG BUNGALOW BUNGALOW 14
2 19/2 VRUNDAVAN BUNGALOW BUNGALOW 23
3 19/1 SHIVASHRAY BUNGALOW BUNGALOW 17
4 4 KAVYANJALI BUNGALOW BUNGALOW 24
5 5 PALMBEACH BUNGALOW BUNGALOW 24
6 11 MUKHIS TRANSIT HOUSE HOTEL LAND RESTAURANT 30
7 12 SHAH ENTERPRIZE CNG FITTING STATION
8 7 SHYAM RESIDENCY PLOT PLOTING SCHEME 52
9 3/2. HANSVILLA RESIDENCY 4 PERSONAL BUNGALOW 4
10 28/2 TRISHLA KUTIR BUNGALOW 60
11 28/1 TRISHLA VATIKA BUNGALOW 34
12 29 SUNVILLA BUNGALOW 29
13 30 SHRI NARAYAN BUNGALOW BUNGALOW 57
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14 21/2 SHANTI PALACE BUNGALOW 18
15 20 SHANGRILA-2 BUNGALOW 21
16 42 AMI MANGAL BUNGALOW BUNGALOW 1
17 41 SUDHAN BUNGALOW BUNGALOW 8
18 37 SWAGAT GEENVILLA-3 BUNGALOW 19
19 38 SWAGAT GEENVILLA-1 BUNGALOW 15
20 19/2 DIVINE VISION 4 PERSONAL BUNGALOW 4
21 16 OPEN LAND OPEN LAND
22 2 OPEN LAND OPEN LAND
23 4 OPEN LAND OPEN LAND
24 5 OPEN LAND OPEN LAND
25 15 OPEN LAND OPEN LAND
26 53 OPEN LAND OPEN LAND
27 14 OPEN LAND OPEN LAND
28 13 OPEN LAND OPEN LAND
29 51 OPEN LAND OPEN LAND
30 10 OPEN LAND OPEN LAND
31 52 OPEN LAND OPEN LAND
32 6/2. OPEN LAND OPEN LAND
33 8 OPEN LAND OPEN LAND
34 9 OPEN LAND OPEN LAND
35 49 OPEN LAND OPEN LAND
36 25 OPEN LAND OPEN LAND
37 22 OPEN LAND OPEN LAND
38 26 OPEN LAND OPEN LAND
39 45 OPEN LAND OPEN LAND
40 43 OPEN LAND OPEN LAND
41 40 OPEN LAND OPEN LAND
42 27 OPEN LAND OPEN LAND
43 36/1. OPEN LAND OPEN LAND
44 44 OPEN LAND OPEN LAND
45 62 OPEN LAND OPEN LAND
46 39 OPEN LAND OPEN LAND
47 24 OPEN LAND OPEN LAND
48 22 OPEN LAND OPEN LAND
49 21/1 OPEN LAND OPEN LAND
50 31 OPEN LAND OPEN LAND
51 31 OPEN LAND OPEN LAND
52 33 OPEN LAND OPEN LAND
53 50.. OPEN LAND OPEN LAND
54 6/1. OPEN LAND OPEN LAND
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1.7 Gota (T.P. Scheme no. 33)
Total area : 81.38 ha (8,13,800 sq.m.)
No. of plots : 85 Plots(61 Personally owned+ 24 AUDA Reserved Plots)
Zone : R1 Zone
Prevailing Market Rates as on Jan 2010
Land 15,500 Rs./Sq.Yds
Residential Bungalow 25,000 Rs./Sq.Yds
Residential Appartment 15,000 Rs./Sq.Yds
Commercial Shop 5500 Rs./Sq.Ft.
Commercial Office 2000 Rs./Sq.Ft.
Observations:
1. Very near from NH-8C. And now it will be connected to it by railway fly over.
2. Very next to the thickly populated area Ghatlodiya.
3. Low land rates and demand was more than the supply. Selling of property was good
even at the time of market crash.
4. The only area which is cheap and near the developed area.
5. R1 zone is also one of the main reason of fast development. The profit margins are
higher than the other areas.
Classification of AUDA Developed area and Reserved plots area(24 plots)
Use of Land Area(Sq.m.) Area(%)
S.E.W.S.H. 20004 2.46
Garden 21728 2.67
Neighbourhood Centre 29278 3.60
School 4501 0.55
Sale for Commercial 25748 3.16
Sale for Residential 71183 8.75
Roads 135196 16.61
Total 307638
Details of other plots(61 plots)
Sr. No. F.P No. SCHEME NAME TYPE
1 123,70,69 VANDEMATARAM CITY SHOPS AND LOW RISE APPARTMENTS
2 26 DEVNANDAN PLATINA LOW RISE APPARTMENT
3 35 SHAYO NA TILAK-1 LOW RISE APPARTMENT
4 29 SHAYO NA TILAK-2 LOW RISE APPARTMENT
5 30 SHAYO NA TILAK-3 LOW RISE APPARTMENT
6 44 UMA SHARNAM BUNGLOW
7 64 NIRMAN LOW RISE APPARTMENT
8 122 SHUKAN GOLD LOW RISE APPARTMENT
9 65,66 DEV RESIDENCY LOW RISE APPARTMENT
10 72 ROYAL RESIDENCY LOW RISE APPARTMENT
11 74,71 SHUKAN RESIDENCY SHOPS AND LOW RISE APPARTMENTS
12 49,51 ICB ISLAND LOW RISE APPARTMENT
13 8 ARYAN 60 LOW RISE APPARTMENT
14 124/1 SHUKAN RESIDENCY SHOPS AND LOW RISE APPARTMENTS
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15 90 KRISHNA FARM PARTY PLOT
16 6,10 UMA DARSHAN BUNGLOW BUNGLOW
17 83 ICB ISLAND LOW RISE APPARTMENT
18 124/2 VANDEMATARAM TOWNSHIP BUNGLOW
19 125 SHRINATH AVENUE LOW RISE APPARTMENT
20 94,112 PUSHPARAJ RESIDENCY LOW RISE APPARTMENT
21 87 VISHWAS CITY 3 LOW RISE APPARTMENT
22 99 ADITI AVENUE LOW RISE APPARTMENT
23 98 SHANIDHYA LOW RISE APPARTMENT
24 82 PRATHNA RESIDENCY LOW RISE APPARTMENT
25 6 OPEN LAND OPEN LAND
26 10 OPEN LAND OPEN LAND
27 3 OPEN LAND OPEN LAND
28 11 OPEN LAND OPEN LAND
29 121 OPEN LAND OPEN LAND
30 58 OPEN LAND OPEN LAND
31 27 OPEN LAND OPEN LAND
32 25/1 OPEN LAND OPEN LAND
33 61 OPEN LAND OPEN LAND
34 17 OPEN LAND OPEN LAND
35 16 OPEN LAND OPEN LAND
36 120 OPEN LAND OPEN LAND
37 24 OPEN LAND OPEN LAND
38 19 OPEN LAND OPEN LAND
39 23 OPEN LAND OPEN LAND
40 22 OPEN LAND OPEN LAND
41 118 OPEN LAND OPEN LAND
42 119 OPEN LAND OPEN LAND
43 21 OPEN LAND OPEN LAND
44 20 OPEN LAND OPEN LAND
45 117 OPEN LAND OPEN LAND
46 135 OPEN LAND OPEN LAND
47 38 OPEN LAND OPEN LAND
48 137 OPEN LAND OPEN LAND
49 36 OPEN LAND OPEN LAND
50 37 OPEN LAND OPEN LAND
51 39/2 OPEN LAND OPEN LAND
52 31 OPEN LAND OPEN LAND
53 32 OPEN LAND OPEN LAND
54 40 OPEN LAND OPEN LAND
55 59 OPEN LAND OPEN LAND
56 60 OPEN LAND OPEN LAND
57 133 OPEN LAND OPEN LAND
58 57 OPEN LAND OPEN LAND
59 41 OPEN LAND OPEN LAND
60 42 OPEN LAND OPEN LAND
61 43 OPEN LAND OPEN LAND
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1.8 Chandkheda (T.P. Scheme no. 44)
Total area : 215 ha (21,50,000 sq.m.)
No. of plots : 158 Plots(129 Personally owned+ 29 AUDA Reserved Plots)
Zone : R2 Zone
Prevailing Market Rates as on Jan 2010
Land 16,500 Rs./Sq.Yds
Residential Bungalow 30,000 Rs./Sq.Yds
Residential Appartment 18,000 Rs./Sq.Yds
Commercial Shop 5000 Rs./Sq.Ft.
Commercial Office 2000 Rs./Sq.Ft.
Observations:
1. Directly approached from the S.P. ring road and Gandhinagar highway.
2. Low land rates though it was near to Motera and Chandkheda.
3. Well developed T.P. scheme.
4. Developers and investors saw great returns and started new projects on large scale.
5. And the only T.P. scheme was left for getting N.A. permission easily in that side
area.
Classification of AUDA Developed area and Reserved plots area(29 PLOTS)
Use of Land Area(Sq.m.) Area(%)
S.E.W.S.H. 48401 2.25
Garden 80568 3.75
Neighbourhood Centre 106107 4.94
School 7490 0.35
Sale for Commercial 103297 4.80
Sale for Residential 96892 4.51
Roads 370015 17.21
812770
Details of other plots(129 PLOTS)
Sr. No. F.P NO SCHEME NAME TYPE
1 32 SHAKAL HOMES BUNGALOW
2 28 SIMRAN BUNGALOW BUNGALOW
3 31 OPENLAND OPENLAND
4 30 OPENLAND OPENLAND
5 11 OPENLAND OPENLAND
6 36,37 SHAKAL-24 BUNGALOW
7 29 OPENLAND OPENLAND
8 38 OPENLAND OPENLAND
9 12 OPENLAND OPENLAND
10 33 OPENLAND OPENLAND
11 34 OPENLAND OPENLAND
12 46 OPENLAND OPENLAND
13 24 SWAGAT BUNGALOW BUNGALOW
14 17 OPENLAND OPENLAND
15 18 OPENLAND OPENLAND
16 13 OPENLAND OPENLAND
17 14 OPENLAND OPENLAND
18 15 OPENLAND OPENLAND
19 16 OPENLAND OPENLAND
20 20 OPENLAND OPENLAND
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Motera (T.P. Scheme no. 46)
Total area : 139.59 ha (13,95,900 sq.m.)
No. of plots : 238 Plots(208 Personally owned+ 30 AUDA Reserved Plots)
Zone : R1 Zone
Prevailing Market Rates as on Jan 2010
Land 25,000 Rs./Sq.Yds
Residential Bungalow 50,000 Rs./Sq.Yds
Residential Appartment 22,000 Rs./Sq.Yds
Commercial Shop 6000 Rs./Sq.Ft.
Commercial Office 2500 Rs./Sq.Ft.
Observations:
1. The area was well developed due to the Motera Cricket Stadium and was very famous.
2. The area has seen tremendous growth since last few years and is considered the
costliest area for living.
3. Is approachable from Chandkheda state highway and Gandhinagar highway.
4. Luxurious projects are the main factor for price rise.
5. Its highway side commercial land is very appropriate for commercial projects.
Classification of AUDA Developed area and Reserved plots area(30 plots)
Use of Land Area(Sq.m.) Area(%)
S.E.W.S.H. 38599.25569 2.76
Garden 40143.02645 2.87
Neighbourhood Centre 53586.62914 3.83
School 9615.271623 0.69
Sale for Commercial 58905.87837 4.21
Sale for Residential 85822.4781 6.13
Roads 239586.8726 17.11
526259.412
Other plots details(208 plots)
Sr. No. F.P. NO NAME OF SOC. TYPE
1 842 OPENLAND OPENLAND
2 87 OPENLAND OPENLAND
3 82 OPENLAND OPENLAND
4 85 OPENLAND OPENLAND
5 88 OPENLAND OPENLAND
6 107 OPENLAND OPENLAND
7 105 OPENLAND OPENLAND
8 842 OPENLAND OPENLAND
9 80 OPENLAND OPENLAND
10 79 OPENLAND OPENLAND
11 126 OPENLAND OPENLAND
12 128 OPENLAND OPENLAND
13 129 OPENLAND OPENLAND
14 61 OPENLAND OPENLAND
15 62 OPENLAND OPENLAND
16 63 OPENLAND OPENLAND
17 89 OPENLAND OPENLAND
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180 196 OPENLAND OPENLAND
181 189 OPENLAND OPENLAND
182 195 OPENLAND OPENLAND
183 185 OPENLAND OPENLAND
184 146 OPENLAND OPENLAND
185 1971 BALAJI AGORA
186 131 JANKINAND
187 130 MARUTINANDAN-1
188 133 COMMERCIAL CEMTERES COMMERCIAL
189 1651 PARSHWANATH
190 153 SANGATH
191 1652 PARSHWANTH FLATS LOWRISE
192 671 SWARAJ BUNGLOWS BUNGLOWS
193 70 NILKANTH VILLA BUNGLOWS
194 69 SHYAMPUJA-2
195 672 DUPLEX-1
196 66 DEV MANGALYA
197 671 SHYAMPUJA DUPLEX-1
198 69 SHYAMPUJA DUPLEX-2
199 83 SHRESTH BUNGLOWS BUNGLOWS
200 75 SANKALP BUNGLOWS BUNGLOWS
201 71,72 SHYAMPUJA-3 BUNGLOWS BUNGLOWS
202 56 NIRMAL RESIDENCY-2 2&3 BHK LOWRISE
203 127 SHRUTI ARCADE Commercial
204 78 SANKALP ARCADE COMMERCIAL
205 81 AISHWARIYA BUNGLOWS BUNGLOWS
206 90 SANKALP VILLA BUNGLOWS
207 86 NIRMIT ROYAL BUNGLOWS
208 63 UMA PARTY PLOT PARTYPLOT
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1.9 Nikol (T.P. Scheme no. 101)
Total area : 73.38 ha (7,33,800 sq.m.)
No. of plots : 70 Plots(55 Personally owned+ 15 AUDA Reserved Plots)
Zone : R1 Zone
Prevailing Market Rates as on Jan 2010
Land 12,500 Rs./Sq.Yds
Residential Bungalow 25,000 Rs./Sq.Yds
Residential Appartment 12,000 Rs./Sq.Yds
Commercial Shop 4500 Rs./Sq.Ft.
Commercial Office 1500 Rs./Sq.Ft.
Observations:
1. Connected to the S.P. ring road and Narol highway.
2. Benefits of BRTS Project.
3. Near to the Baroda Express Highway.
4. Low land rates is available even today and the demand is also good enough.
5. And one of the developing area in east ahmedabad so the buyers are attracted more.
Classification of AUDA Developed area and Reserved plots area(15 plots)
Use of Land Area(Sq.m.) Area(%)
S.E.W.S.H. 19927.47995 2.73
Garden 20724.47617 2.84
Neighbourhood Centre 27664.94998 3.79
School 4964.036977 0.68
Sale for Commercial 30411.09704 4.17
Sale for Residential 44307.21995 6.07
Roads 123690.5354 16.94
271689.7954
Other plots details(55 plots)
Sr. No. F.P NO SCHEME NAME TYPE
1 21,50 SHABARI BUNGLOW BUNGLOW
2 22 DEVMANEK SHOP AND LOW RISE APPARTMENT
3 45 SHILP RESIDNECY SHOP AND LOW RISE APPARTMENT
4 44 SHRINATH PARTYPLOT PARTYPLOT
5 51 MADHAV BUNGLOW BUNGLOW
6 52 SARTHAK BUNGLOW BUNGLOW
7 62/1 HARIDARSHAN DUPLEX ROW HOUSE
8 62/2 KARNAVATI BUNGLOW BUNGLOW
9 60,59 SHUBHAM BUNGLOW(A) BUNGLOW
10 61/58 SHUBHAM BUNGLOW(B) BUNGLOW
11 57 PARMESHWAR BUNGLOW BUNGLOW
12 58 PARAS GALAXY LOW RISE APPARTMENT
13 43 KAVERI BUNGLOW BUNGLOW
14 55/56 NEELKANTH VILLA LOW RISE APPARTMENT
15 40 GALAXY TOWER HIGH RISE APPARTMENT
16 38 RUDRAKSH LOW RISE APPARTMENT
17 20 SHYAM VILLA-2 LOW RISE APPARTMENT
18 32 RAVIRAJ DUPLEX TWIN BUNGLOW
19 29 MATRUBHOOMI LOW RISE APPARTMENT
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20 27 SHIVPOOJAN ROW HOUSE
21 28/1,28/2 UMIYA PARK BUNGLOW BUNGLOW
22 25 SANGATH BUNGLOW BUNGLOW
23 24 SUKHSAGAR LOW RISE APPARTMENT
24 35 NANDBAUGH HOUSING BUNGLOW
25 18 ROYAL BUNGLOW BUNGLOW
26 16 AAMRAKUNJ SOC. BUNGLOW
27 9 SONA-10 SHOP AND LOW RISE APPARTMENT
28 8 SHAGUN ENCLAVE LOW RISE APPARTMENT
29 12 AKSHAT LOW RISE APPARTMENT
30 13 SAUMYA RESIDENCY LOW RISE APPARTMENT
31 14 GAYATRI PARK TENAMENT
32 15 AAKASH PARK TENAMENT
33 23 MANOHAR VILLA SHOP AND TENEMENT
34 1 UPAVAN SHOP AND TWIN BUNGLOW
35 6 SUROHI -3 BUNGLOW BUNGLOW
36 5 SATYAM BUNGLOW BUNGLOW
37 2 DEVASYA BUNGLOW BUNGLOW
38 46 OPEN LAND OPEN LAND
39 49 OPEN LAND OPEN LAND
40 48 OPEN LAND OPEN LAND
41 54 OPEN LAND OPEN LAND
42 39 OPEN LAND OPEN LAND
43 67 OPEN LAND OPEN LAND
44 42,47 OPEN LAND OPEN LAND
45 37 OPEN LAND OPEN LAND
46 33 OPEN LAND OPEN LAND
47 41,36 OPEN LAND OPEN LAND
48 20 OPEN LAND OPEN LAND
49 30 OPEN LAND OPEN LAND
50 31 OPEN LAND OPEN LAND
51 26 OPEN LAND OPEN LAND
52 19 OPEN LAND OPEN LAND
53 17 OPEN LAND OPEN LAND
54 10 OPEN LAND OPEN LAND
55 70 OPEN LAND OPEN LAND
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1.10 Questionnaire form
Survey Questionnaire
Sr.
No. Details
1 Location Details
1.1 T.P. Scheme No. 39
1.2 F.P. No. 37
1.4 Zone R2
2 General Details
2.1 Name Of The Property Swagat green ville 3
2.2 Name Of The Owner/Company Swagat infrastructure
3 Property Details
3.1 Buillding Type Bungalows
3.2 Use Of Property Residence
3.3 High rise/ Low rise Low rise
3.4 Parking facility Sufficient
3.5 Area of unit 450
4 Neighbourhod Characteristic
4.1 Type of Locality(upper/middle/higher) Higher class
4.2
Neighbourhood
Classification(upper/middle/higher) Higher class
4.3 Social Infrastructure Avaibility Yes
4.4 Main Road width 18 metres
4.5 Side Road Width 12 metres
4.6
Distance From main road or Highway(if
near by)
4 km from NH8C and 3 km from S.P. Ring
road
4.7 Extra amenities provided Luxurious bungalows amenities provided
4.8 Distance from Airport 24 km
4.9 Distance from Railway Station 19 km
4.1 Distance from Hospital 2 km
4.11 Distance from school 2 km
5 PRICE DETAILS
5.1 Land Price (For 425 Sq.Yds.) 30000 Rs./Sq.Yds.
36. Study of Real Estate Developers and Trends in Real Estate Development
35
School of Building Science & Technology, CEPT.
Analysis of Collected Data
Analysis
Observation:
Thaltej (T.P. Scheme No. 39)
Year Rate of open Land Residential Office Shop
2004 7500 8500 10000 25000
2005 10000 10000 15000 28000
2006 14000 13500 18000 33000
2007 20000 21000 20000 45000
2008 28000 25000 25000 55000
2009 25000 22000 22000 50000
2010 33000 31500 30000 65000
37. Study of Real Estate Developers and Trends in Real Estate Development
36
School of Building Science & Technology, CEPT.
Gota Zone 1
Year
Rate of open Land
(Rs./Sq.M.) Residential(Rs./Sq.M.)
Office
(Rs./Sq.M.)
Shop
(Rs./Sq.M.)
2004 2500 4500 7500 18000
2005 5000 6500 9000 25000
2006 8000 8500 12000 30000
2007 12000 11500 15000 40000
2008 15000 14000 20000 48000
2009 13500 12500 18000 45000
2010 17500 16500 25000 55000
Observations
38. Study of Real Estate Developers and Trends in Real Estate Development
37
School of Building Science & Technology, CEPT.
Gota Zone 2
Year
Rate of open Land
(Rs./Sq.M.)
Residential
(Rs./Sq.M.)
Office
(Rs./Sq.M.) Shop (Rs./Sq.M.)
2004 2300 4000 7000 15000
2005 4200 6000 8000 18000
2006 7000 7500 11000 23000
2007 11000 10500 13500 32000
2008 13500 12500 18000 45000
2009 12500 11000 16000 36000
2010 16000 15000 23000 50000
Observations
39. Study of Real Estate Developers and Trends in Real Estate Development
38
School of Building Science & Technology, CEPT.
Nikol Zone 1
Year
Rate of open Land
(Rs./Sq.M.)
Residential
(Rs./Sq.M.)
Office
(Rs./Sq.M.) Shop (Rs./Sq.M.)
2004 2000 3500 6000 15000
2005 3500 5500 8000 20000
2006 6500 7000 10000 25000
2007 10000 10000 15000 35000
2008 13000 13500 18000 40000
2009 12000 11000 15000 38000
2010 16000 15000 20000 50000
Observations
0
10000
20000
30000
40000
50000
60000
2004 2005 2006 2007 2008 2009 2010
Price(Rs.Sq.M.)
Year
Rate of open Land (Rs./Sq.M.)
Residential (Rs./Sq.M.)
Office (Rs./Sq.M.)
Shop (Rs./Sq.M.)
40. Study of Real Estate Developers and Trends in Real Estate Development
39
School of Building Science & Technology, CEPT.
Nikol Zone 2
Year
Rate of open Land
(Rs./Sq.M.)
Residential
(Rs./Sq.M.)
Office
(Rs./Sq.M.) Shop (Rs./Sq.M.)
2004 2500 4000 7000 18000
2005 4000 5500 9000 23000
2006 7500 7500 11500 28500
2007 11500 11500 17500 40000
2008 15000 15500 20000 45000
2009 13500 12500 17500 42500
2010 18500 17000 25000 55000
0
10000
20000
30000
40000
50000
60000
2004 2005 2006 2007 2008 2009 2010
Price(Rs.Sq.M.)
Year
Rate of open Land (Rs./Sq.M.)
Residential (Rs./Sq.M.)
Office (Rs./Sq.M.)
Shop (Rs./Sq.M.)
41. Study of Real Estate Developers and Trends in Real Estate Development
40
School of Building Science & Technology, CEPT.
Motera Zone 1
Year
Rate of open Land
(Rs./Sq.M.)
Residential
(Rs./Sq.M.)
Office
(Rs./Sq.M.) Shop (Rs./Sq.M.)
2004 2500 4500
No Commercial Building exists
2005 4000 7000
2006 8000 9500
2007 12000 13000
2008 18000 16000
2009 16000 15000
2010 23000 21000 25000 55000
0
5000
10000
15000
20000
25000
2004 2005 2006 2007 2008 2009 2010
Price(Rs.Sq.M.)
Year
Rate of open Land (Rs./Sq.M.)
Residential (Rs./Sq.M.)
42. Study of Real Estate Developers and Trends in Real Estate Development
41
School of Building Science & Technology, CEPT.
Motera Zone 2
Year
Rate of open Land
(Rs./Sq.M.)
Residential
(Rs./Sq.M.)
Office
(Rs./Sq.M.) Shop (Rs./Sq.M.)
2004 2200 4000
No Commercial Building exists
2005 3500 6000
2006 7000 8500
2007 10000 11500
2008 15500 14000
2009 14000 13000
2010 20000 18000 22000 500000
0
5000
10000
15000
20000
25000
2004 2005 2006 2007 2008 2009 2010
Price(Rs.Sq.M.)
Year
Rate of open Land (Rs./Sq.M.)
Residential (Rs./Sq.M.)
43. Study of Real Estate Developers and Trends in Real Estate Development
42
School of Building Science & Technology, CEPT.
Chandkheda Zone 1
Year
Rate of open Land
(Rs./Sq.M.)
Residential
(Rs./Sq.M.)
Office
(Rs./Sq.M.) Shop (Rs./Sq.M.)
2004 3000 6500
No Commercial Building exists
2005 5000 7500
2006 9000 11000
2007 11000 18000
2008 14000 16000
2009 18000 19500
2010 22000 21000
0
5000
10000
15000
20000
25000
2004 2005 2006 2007 2008 2009 2010
Price(Rs.Sq.M.)
Year
Rate of open Land (Rs./Sq.M.)
Residential (Rs./Sq.M.)
44. Study of Real Estate Developers and Trends in Real Estate Development
43
School of Building Science & Technology, CEPT.
Chandkheda Zone 2
Year
Rate of open Land
(Rs./Sq.M.)
Residential
(Rs./Sq.M.)
Office
(Rs./Sq.M.) Shop (Rs./Sq.M.)
2004 2700 5500
No Commercial Building exists
2005 4500 6500
2006 7500 9500
2007 10000 16000
2008 12500 14500
2009 16500 17500
2010 20000 19000
0
5000
10000
15000
20000
25000
2004 2005 2006 2007 2008 2009 2010
Price(Rs.Sq.M.)
Year
Rate of open Land (Rs./Sq.M.)
Residential (Rs./Sq.M.)
45. Study of Real Estate Developers and Trends in Real Estate Development
44
School of Building Science & Technology, CEPT.
Year Thaltej
Gota zone
1
Gota zone
2
Nikol zone
1
Nikol
zone2
Motera
zone 1
Motera
zone 2
Chandkhe
da Zone 1
Chandkhe
da Zone 2
Inflation
(%)
2004 7500 2500 2300 2000 2500 2500 2200 2800 2500
2005 10000 5000 4200 3500 4000 4000 3500 5000 4500
Growth (%) 29.5 96.2 78.8 71.2 56.2 56.2 55.3 74.8 76.2 3.8
2005 10000 5000 4200 3500 4000 4000 3500 5000 4500
2006 14000 8000 7000 6500 7500 8000 7000 9000 7500
Growth (%) 35.9 55.9 62.6 81.6 83.4 95.9 95.9 75.9 62.6 4.1
2006 14000 8000 7000 6500 7500 8000 7000 9000 7500
2007 20000 12000 11000 10000 11500 12000 10000 11000 10000
Growth (%) 38.7 45.8 52.9 49.6 49.1 45.8 38.7 18.0 29.1 4.2
2007 20000 12000 11000 10000 11500 12000 10000 11000 10000
2008 28000 15000 13500 13000 15000 18000 15500 14000 12500
Growth (%) 33.8 18.8 16.5 23.8 24.2 43.8 48.8 21.1 18.8 6.2
2008 28000 15000 13500 13000 15000 18000 15500 14000 12500
2009 25000 13500 12500 12000 13500 16000 14000 18000 16500
Growth (%) -2.3 -1.6 1.0 0.8 -1.6 -2.7 -1.2 20.1 23.6 8.5
2009 25000 13500 12500 12000 13500 16000 14000 18000 16500
2010 33000 17500 16000 16000 18500 23000 20000 22000 20000
Growth (%) 21.3 18.9 17.3 22.6 26.3 33.1 32.2 11.5 10.5 10.7
Total Growth without
inflation(%) 340.0 600.0 595.7 700.0 640.0 820.0 809.1 685.7 700.0
Total Growth due to
Development(%) 258.9 457.0 453.7 533.1 487.4 624.5 616.2 522.3 533.1 13.1
Comparison of Approximate Land Price of T.P. schemes
46. Study of Real Estate Developers and Trends in Real Estate Development
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School of Building Science & Technology, CEPT.
47. Study of Real Estate Developers and Trends in Real Estate Development
46
School of Building Science & Technology, CEPT.
Year Thaltej Gota zone 1 Gota zone 2 Nikol zone 1 Nikol zone2 Inflation Ratio (%)
2004 25000 19000 15000 16000 18000
2005 28000 25000 18000 20000 23000
Growth(%) 8.2 27.8 16.2 21.2 24.0 3.8
2005 28000 25000 18000 20000 23000
2006 33000 30000 23000 25000 28500
Growth(%) 13.8 15.9 23.7 20.9 19.8 4.1
2006 33000 30000 23000 25000 28500
2007 45000 40000 32000 35000 40000
Growth(%) 32.2 29.1 34.9 35.8 36.2 4.2
2007 45000 40000 32000 35000 40000
2008 55000 48000 45000 40000 45000
Growth(%) 16.0 13.8 34.4 8.1 6.3 6.2
2008 55000 48000 45000 40000 45000
2009 50000 45000 36000 38000 42500
Growth(%) -0.6 2.2 -11.6 3.5 2.9 8.5
2009 50000 45000 36000 38000 42500
2010 65000 55000 50000 50000 55000
Growth(%) 19.3 11.5 28.2 20.9 18.7 10.7
Total Growth without
inflation(%) 160.0 189.5 233.3 212.5 205.6
Total Growth due to
Development(%) 122.1 144.6 178.1 162.2 156.9 13.1
Comparison of Approximate Residential Property Price of T.P. schemes
48. Study of Real Estate Developers and Trends in Real Estate Development
47
School of Building Science & Technology, CEPT.
49. Study of Real Estate Developers and Trends in Real Estate Development
48
School of Building Science & Technology, CEPT.
Year Thaltej Gota zone 1 Gota zone 2 Nikol zone 1 Nikol zone2
Inflation Ratio
(%)
2004 10000 7500 7000 6000 7000
2005 12500 9000 8000 8000 9000
Growth(%) 21.2 16.2 10.5 29.5 24.8 3.8
2005 12500 9000 8000 8000 9000
2006 14500 12000 11000 10000 11500
Growth(%) 11.9 29.2 33.4 20.9 23.7 4.1
2006 14500 12000 11000 10000 11500
2007 18000 15000 13500 15000 17500
Growth(%) 19.9 20.8 18.5 45.8 48.0 4.2
2007 18000 15000 13500 15000 17500
2008 25000 20000 18000 18000 20000
Growth(%) 32.7 27.1 27.1 13.8 8.1 6.2
2008 25000 20000 18000 18000 20000
2009 22000 18000 16000 15000 17500
Growth(%) -3.6 -1.6 -2.7 -8.2 -4.1 8.5
2009 22000 18000 16000 15000 17500
2010 30000 25000 23000 20000 25000
Growth(%) 25.7 28.2 33.1 22.6 32.2 10.7
Total Growth without
inflation(%) 200.0 233.3 228.6 233.3 257.1
Total Growth due to
Development(%) 152.7 178.1 174.5 178.1 196.3 13.1
Comparison of Approximate Commercial(Office) Property Price of T.P. schemes(Price in
Rs./Sq.M.)
50. Study of Real Estate Developers and Trends in Real Estate Development
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School of Building Science & Technology, CEPT.