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Rajkot Property Snapshot
₹2,500 croreSmart City Projects
10% annuallyProperty Price Appreciation
₹3,000-₹5,000/sq ftAffordable Pricing
2.5% annuallyPopulation Growth
Rajkot, a lively cityId in Gujarat, is known for its rich culture and growing economy. In the past five years, the cityId's real estate sector has grown significantly, with many new homes and businesses being built. Rajkot's good location and strong infrastructure have attracted many investors, making areas like Kalawad Road, Nana Mava Road, and University Road popular for living and working. The local government's efforts to improve urban development, especially through the Smart Cities Mission with projects worth over ₹2,500 crore (around $340 million), have greatly helped this growth by improving roads, sewage systems, and public transportation.
Property prices in Rajkot have been rising steadily, showing the cityId's growing importance. Over the past decade, real estate prices have increased by about 7-10% each year, with prime locations seeing even higher rates of up to 12% per year. Despite these increases, property prices in Rajkot are still affordable compared to other major cities in Gujarat like Ahmedabad and Surat. The average price per square foot for residential property is around ₹3,000-₹5,000 ($40-$70), making it accessible to more investors. The demand for property has grown over the last five years and is expected to continue rising over the next decade, thanks to new projects and better transport links.,Rajkot is a cityId that values its traditions while embracing modern changes. It's known for its festivals, food, and arts, offering a mix of old and new that makes it a great place to live and work. The cityId's population has been growing steadily at around 2.5% each year, increasing the demand for housing. Rajkot's population is expected to exceed 2 million by 2030, further boosting the real estate market. With ongoing investments and steady growth, Rajkot is becoming a key real estate market in Western India. The future looks bright for Rajkot's real estate, with more investments and new developments meeting modern needs while keeping the cityId's cultural charm.
