Ahmedabad is a fast growing and rapidly developing city in the state of Gujarat in India. It is the biggest urbanized centre in this state. It has huge political importance being the former capital of this state and also being the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court.
Amdavad, as it is referred in the local Gujarati dialect, has a population of nearly 7 million making it the 5th biggest city in the country of India. A bustling metropolis, Ahmedabad has grown leaps and bounds in the recent years to emerge as the hub of business development, infrastructure development and also has witnessed a sea change in terms of its realty landscape with ultra-modern housing complexes and uber chic homes finding a way into this city.
The amazing surge that the city has witnessed has confirmed its status as a very important and strategic economic and industrial hub in India. Being the second largest producer of cotton in India, and a very experienced stock exchange makes Ahmedabad a very strong business hub too.
The local populace of this city is of course Gujaratis who are traditionally businessmen and with business acumen running through generations has made a mark not only across India but also across the globe.
Gujarati business houses have been instrumental in creating millions of jobs and provided examples of great leadership and entrepreneurship qualities.With the modernization of every sector in this city and the confluence of its business brains with information technology and contemporary tools, Ahmedabad is metamorphosing into a marvelous city for residing as well as for setting business ventures.
In 2010, it was ranked third in Forbes's list of fastest growing cities of the decade.
In 2012, The Times of India chose Ahmedabad as the best city to live in in India.
Ahmedabad hosts the headquarters of major public-sector banks Ahmedaba Distcct Bank,Ahmedabad Mercantile Co-Op Bank Ltd, Ahmedabad Mercantile Co Op Bank, Dena Bank, Corporation Bank,,Manager Gujarat Ambuja Co-Operative ,The Gujarat State Co-operative Bank Ltd.Gujarat State Coop Bank, The Kalupur Bank , Ahmedabad Capital Bank , Kutch Bank co-op, Bank of Rajasthan , Bank of Marwad.
The prime residential property areas in Ahmedabad are Shahibaug, Ashram Road, CG Road, Navrangapura, Chandkhede, Motera, Ghodasar, Isanpur, Hansol ,Naroda, Bodakdev, Makarba (in the northern part of the city), Satellite, Bodakdev, Vastrapur, Prahladnagar, Thaltej, Ambli, Bopal, Solagam, Shilaj Road, Ambawadi and Jodhpur (in the western parts of the city), Maninagar and areas around Kankaria and Chandola Lake in the southern eastern parts of the city.
The growth corridors for real estate development in Ahmedabad are the SG Road (Sarkhej-Gandhinagar Road), Sardar Patel Ring Road, Maninagar and on the north side of the Inner 132 ft Ring Road in areas like Nirnaynagar and Ranip. SG Road and Sardar Patel Ring Road in particular has witnessed a lot of residential bungalow/farm house type developments in currently.