Today, the Indian state of Gujarat is proudly witnessing the metaphorical changes swiping its city Baroda. This old-age city is giving ample scope of developments thereby changing the look of the city. Keeping in place this aspect, the town has seen many multiplexes coming up in recent years. Moreover, the way industrialization has swept the city, it is very difficult to believe it is the handiwork of last several years.
As a result of this industrialization, accommodation needs are felt at most urgent level. Keeping this requirement in mind, even the governmental agencies have woken up to this changing scenario. It is only because of the governmental efforts that the city has witnessed governmental funding to the tune of Rs. 2000 crores. A major part of this funding is kept reserved for large-scale development. Most of this development pertains to ITEs and IT sectors. As a result of initiatives like this, it has given birth to huge demand for various kinds of leased commercial space. Mushrooming of many multiplexes and malls have become the norm of the day. Besides coming up of the hypermarkets, the real estate market of the city is breathing with jubilation for a different reason. Actually, the Baroda-Mumbai Expressway is on the offing giving clear indication of much improved infrastructure.
On the real estate front, the fact that housing and realty companies have scores of proposals to the tune of 3500 crores, is a very good sign. Many experts of the industry believe this is welcome news for plenty of international investors. That is the reason a large number of NRIs have shown their deep interest in investing in real estate properties. As a part of the project, many Technology and IT parks, Commercial centres and housing societies are in the pipeline. The emerging real estate market has seen a tremendous encouragement from Non-Resident Gujratis or NRGs. They are the lot who have shown an increased desire in buying properties of their desire. In fact, a majority of them have bought various properties in the suburban areas. As a consequence, the real estate prices have shoot up unbelievably. The fact that government has accredited many SEZs in the state in recent years, many industries have set up their manufacturing as well as administrative offices in the state. The city boasts of many companies belonging to sectors such as pharmaceutical, petrochemical, engineering and plastic. This is a city that offers cheaper raw materials, lower labor cost, plenty of financial, material and human resources. These are the ingredients that are a must for an overall economic development. Therefore, buying properties in the city is considered to be a safe bet.
| Locality | Sale | Rent | ||
| Price Range(Rs./Sq.Ft.) | Average Price(Rs./Sq.Ft.) | Price Range(Rs./Sq.Ft.) | Average Price(Rs./Sq.Ft.) | |
| Alkapuri | 850 – 1000 | 900 | 8 -9 | 8 |
| Race Course | 750 – 900 | 850 | 8 – 9 | 9 |
| Fatehgunj | 750 – 900 | 850 | 8 – 9 | 9 |
| Akota | 800 – 900 | 900 | 9-10 | 10 |
| Nizampura | 700 – 850 | 800 | 7-8 | 8 |
| Old Padra | 800 – 900 | 900 | 9-10 | 10 |
| Sama | 700 – 800 | 800 | 7-8 | 8 |
| Manjalpur | 600 – 700 | 650 | 6 -7 | 6 |
| Ellorapark | 650 – 750 | 650 | 5-6 | 6 |
| Karelibaug | 600 – 750 | 650 | 6 -7 | 6 |
| Tarsali | 500 – 650 | 500 | 5 -6 | 5 |
| Makarpura | 500 – 650 | 500 | 5 -6 | 5 |
| Gotri | 600 – 750 | 650 | 6 -7 | 6 |
| Gorwa | 450 – 550 | 450 | 4- 5 | 4 |
| Vasna road | 600 – 750 | 650 | 6 -7 | 6 |
| Panigate | 350 – 450 | 350 | 3-4 | 3 |
| Raopura | 450 – 500 | 450 | 4 | |