Trends are changing with many people of Indian origin, even second generation NRIs, opting to purchase vacation homes near their relatives' residence as they want to be independent during their stay in India and not stay with kith and kin. This trend has pushed up the demand for flats in the Metros. Besides residential properties, many NRI industrialists are seeking commercial properties in suitable locations to operate in India.

Gandhinagar, the capital of Gujarat, India, sprawled over the west bank of the river Sabarmati is one of the fastest growing cities in India. Historically, the city has been the foremost in political importance with successive dynasties choosing it as their seat of power.

In some places it remains a garden city, tree lined and with beautiful parks, but in some places it is crowded with heavy traffic. The cosmopolitan feel of the city is the proto-type reflecting the land of distinct cultural diversity – India. Soaring skyscrapers, posh residential colonies and bustling commercial complexes can be seen along with the ancient historical monuments. We are having residential projects in Ahmedabad & Gandhinagar.

With so many townships being planned in the Areas surrounding Ahmedabad & Gandhinagar, we are looking forward to serve the NRIs who have the taste and aspiration to lead a luxurious life in their home towns. We are catering to the NRIs who want to invest in property in Ahmedabad & Gandhinagar and are looking for something of international standards — something that is commensurate with their lifestyles and needs.

Why Gujarat is a favoured investment destination

Vibrant Gujarat

AHMEDABAD: Proximity to markets for selling products, availability of resources, good infrastructure and an official vision are some of the factors that make Gujarat a favoured destination for investment, analysts say.

"These are precisely what a businessman looks for while entering any area to set up a venture. Gujarat scores on all these counts," said Ravi Mohan, managing director of CRISIL, the leading credit rating agency in India.

"As much as 40 percent of the cargo traffic of India passes through Gujarat ports and 56 percent of these can reach 56 percent of the country's population thanks to good connectivity,"

Mohan is here to participate in the three-day Vibrant Gujarat global investors meet that began Sept 28.

Federation of Indian Chambers of Commerce and Industry (FICCI) Secretary General Amit Mitra said the state offered good investment opportunities in about a dozen areas.

In a presentation before the participants, Mitra pointed out that Gujarat was the first to privatize ports.

"How will (Gujarat's 41) ports get connected? It (laying rail tracks to the port) is not on the Indian Railways' priority. This offers a good investment potential," Mitra said, adding that roads, power and industrial parks offered good opportunities too.

He complimented Gujarat for near-total rural electrification. But, referring to the huge investment potential in this area, asked: "The need for an additional 6,000 mw of power is being talked about. Where will it come from?"

These included areas like marine biotech, contract research and bioinformatics apart from textiles, petro-chemicals, pharmaceuticals and gems and jewellery, in which Gujarat has been traditionally strong.

"Gujarat has emerged as a good healthcare centre. It can develop further if medical insurance companies in the U.S. recognize and pay for healthcare taken in India," he said.

D. Rajgopal, principal secretary in the state government's department of industries, said Gujarat wanted to give entrepreneurs a feeling of comfort through its industrial policy.

"Our idea is to make the entrepreneur feel that this (Gujarat) is a place of certainty so that he is ready for taking the risk," Rajgopal said.

"Our chief minister (Narendra Modi) has made it clear that our government believes in governing the least. We are not into the business of business," he said.

Referring to the industrial policy announced during the run-up to the three-day event, Rajgopal said the state government wanted to empower the entrepreneur by "empowering" the 182 industrial estates functioning in the state.

"Gujarat is bringing about reforms in labour laws. The rules and procedures are being simplified and laws relating to special economic zones and industrial parks have been made flexible so that labour could be engaged and disengaged easily."