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Properties
in Vadodara are available to cater to all walks of life. There are both
moderate and posh localities for sale, purchase and leasing that clients can
choose from. Being a relatively small city, the prices are quite affordable
as compared to the property prices in Delhi. Bangalore and Mumbai. It is
assumed that this is the best time for investing in real estate in this part
of Gujarat as rapid development is foreseen. Vadodara is well developed educational center. There are numerous colleges and universities spread across several acres of land, providing both the basic education and the professional education. The main residents of the city are traders and people dependent on industries in Vadodara. Some of the major areas in Vadodara and the property prices are-
Rate
(Rs. Per sq. feet) Bungalows
(Rs. In lakh)
The
economy of Vadodara is mainly based on industries and the need for
industrial property is always there. This is mainly because of the
availability of raw materials, good infrastructure, human resource and the
establishment of oil refineries. The major industries of Vadodara are :
ONGC, Indian oil corporation, Gujarat State Fertilizers & Chemicals,
Indian Petrochemicals Corporation Limited, Gujarat Alkalies and Chemicals
Limited, Heavy Water Project, Gujarat Industries Power Company Limited, etc.
Both
the need and value of commercial property in Vadodara are showing an
increasing trend. The market in Vadodara is well established but it is
expanding and fresh construction is taking place replacing the older ones.
Vadodara being an important trade center, several companies have set up
their offices and making their presence felt. The prices of the commercial
property has gone up remarkably. Here is an outlook to that-