Realty hot spot: A well-connected residential area in Ahmedabad

This week ET Wealth's realty hot spot series takes a look at a locality in Ahmedabad that is a well established residential micro market - Satellite. The area is a well-connected locality of Ahmedabad that hosts prominent job hubs, schools, hospitals, hotels and malls. Major social infra in Satellite include Shalby Multi-Specialty Hospital, Sangini Hospital, Shri Narayana Central School, Alpha One Mall.

Distance from the airport is 16 KM, nearest railway station is 10 KM and SG Highway is 2.5 KM. The price range of properties here is between Rs 4,700 per square foot and Rs 7,800 per square foot. The average price of 2 BHK, 3 BHK and 4 BHK is Rs 58 lakh, Rs 1.19 crore and Rs 2.16 crore respectively.

Locality snapshot: Satellite, Ahmedabad

• Satellite is a well established residential micro market situated in the western suburbs of Ahmedabad
• Well developed infrastructure and connectivity to employment hubs and other parts of the city drive demand here
• The micro market is majorly dominated by premium residential projects by prominent developers
• Major employment hubs - Parshwanath Business Park, Pinnacle Business Park, Westgate Business Bay, etc.
• Major social infra - Shalby Multi-Specialty Hospital, Sangini Hospital, Shri Narayana Central School, Alpha One Mall

Supply by BHK

Consumer preference by budget (Rs)

Consumer preference by saleable area (sf)

• Schools 15+
• Hospitals 15+
• Restaurants 15+
• Banks 15+
• Grocery Stores 15+
• Petrol Pumps 15+

Source: Magicbricks