By Virender Kumar, VP Marketing, Arete Group
Vapi is rapidly emerging as a preferred residential hub in South Gujarat backed by robust infrastructure and strategic connectivity and it is rapidly emerging as a preferred residential hub in South Gujarat, backed by robust infrastructure and strategic connectivity. The upcoming Mumbai-Ahmedabad bullet train, expected to reduce travel time between major cities by up to 70 per cent, positions Vapi as a prime mid-point with immense potential. Enhanced road networks like the Delhi-Mumbai Industrial Corridor (DMIC) and NH-48 are also driving growth. What further elevates Vapi’s appeal is its proximity to popular tourist destinations like Daman and Silvassa just 15–20 km away making it an ideal location for both living and leisure.
Vapi’s real estate market is thriving due to its vibrant industrial base. In fact, it hosts Asia’s largest industrial estate, and the city has been witnessing rapid overall urbanization thanks to strong demand from the manufacturing sector. Vapi also benefits significantly from its proximity to Mumbai and Surat. It has many affordable housing options, with average property prices ranging between ₹2,400–₹2,950 sq.ft. Price appreciation has been between 8–14 per cent in key locations. Vapi is seeing steady improvements in social and civic infrastructure, and benefits from good rail and road connectivity. Of late, there has been increasing demand for homes in gated communities. Backed by consistent industrial and commercial expansion, Vapi is a very attractive long-term investment destination for investors eyeing tier2/3 cities, which have tremendous growth potential when compared to the saturated metros.
Vapi has best of brands, hospitals, educational institutes, shopping malls and jewellers. There are several flyovers in the city that ease traffic which makes it an ideal residential destination. The buzzing locality is an ideal mix of residential as well commercial realty. Vapi’s strategic location connecting two major financial hubs Gujarat and Maharashtra, it’s seamless connectivity which built confidence in both buyer and investment. Not only people from Gujarat but entrepreneurs from Maharashtra are also investing in Vapi for commercial as well as residential space. As compared to Mumbai, for the price, they get a small godown in suburbs of Mumbai. More the shift of entrepreneurs and industrialists, more the sources of income, opportunities bringing in boost to residential market of this area. Vapi has advanced and transformed drastically in the last decade and this is just the beginning. The real estate market in Vadodara is quite balanced. Buyers’ demand for luxury and ultra-luxury homes is always steady. Demand for luxury homes comes from a variety of sections including young professionals. High-rise buildings are more popular in the luxury segment. Vadodara being a cosmopolitan market has buyers who look for properties of all categories including high-rise apartments, villas, affordable as well as luxury and ultra-luxury homes. Demand for 2-BHK units is falling since buyers today prefer more spacious and large homes.
