measures To Be Taken Concerning Real Estate in Ahmedabad

1. Measures To Be Taken Concerning Real Estate in Ahmedabad

2. Owning real estate in Ahmedabad may gradually become even more attractive over the ne xt few years if certain measures are taken today. Although property in Ahmedabad does not elicit as great interest as property in larger metros and commercial centers, this shall gradua lly change as certain industries in the city gain steam and become abreast with modern busi ness practices. Even though India recently added another startup, Hike, to its already existin g nine, Ahmedabad cannot boast of a single unicorn. To bring about a change in the startup culture in Ahmedabad, the local authorities should promote certain conditions which make Ahmedabad a more attractive destination for startups than other larger metros. One quality which makes Ahmedabad an attractive destination is the far lower costs startups in the city have to pay to rent a great office. The cost of an elegant office in Ahmedabad can be nearly half of that in Bangalore. This fact should be promoted by the local government to entrepre neurs.

3. Another factor which is a barrier to growth in Ahmedabad is that much of the business in Ahmedabad is still conducted in a traditional fashion whic h covets debt and shies away from equity. Some younger and first-time e ntrepreneurs in Ahmedabad are embracing a more modern and cleaner gr owth model which is expected to lead to rapid growth and expansion of t heir startup. The use of more sophisticated financial instruments to aid in growth along with the use of fresh technology bodes well for many such new entrepreneurs and their businesses. Although much of the drive towa rds modernity is driven by relatively young businesspeople in startups, ol der businesses along with real estate developers in Ahmedabad are als o likely to benefit by using equity rather than debt to finance their project s.

4. Even though Gujarat is one of the richest states in the country, a great deal of business in the state is often conducted in an outmoded fashion and exchang e of money is done in cash and lines of credit are drawn from informal lende rs. This is in stark contrast to cities such as Bangalore where entrepreneurs a re financially savvy and understand the advantages of equity in a business an d embrace buying and selling by digital transactions. As young entrepreneur s in Ahmedabad shrug off antiquated business practices and replace them wit h more modern one’s, business and property in Ahmedabad shall be the bene ficiaries. The free flow of money is essential to a thriving economy; the flow of curre ncy to the most optimum business allows innovative ideas to succeed and pu nishes businesspeople with flawed business models. For Ahmedabad to beco me as great a success story as Bangalore, Ahmedabad’s business community needs to become more open to change and use the nation’s capital markets to raise funds.. Such changes may lead some families to relinquish some auton omy in conducting the affairs of their company yet over time will create far more wealth than simply using debt to finance projects does today

5. The top builders in Ahmedabad too shall benefit by exploiting capital market s to raise funds to build more elaborate apartments in Ahmedabad and in othe r cities in Gujarat as well. Already most luxury apartments in Ahmedabad cannot hold a candle to those in Bangalore, whereas three decades ago most would have found the quality of real estate in both cities to be virtually identi cal. The need for affordable homes in Ahmedabad is crucial as well; as another obstacle to growth in Ahmedabad is the scarcity of world-class talent and to s ome extent skilled labor. Even though the best management school in the cou ntry is in Ahmedabad as is the best design institute, the well-educated graduat es of these institutes are not attracted by business opportunities in Ahmedaba d. The lack of skilled and talented manpower is perhaps the greatest drawbac k to admirable growth in the cities technology sector. Most projects in Ahmed abad are built keeping in mind the requirements of frugal home buyers, but to attract top talent to the city, the government along with builders and develope rs in Ahmedabad shall need to promote the development of world class apart ments and vastly improve the cities infrastructure and quality of affordable ho