Vadodara, located in Gujarat, is the third-largest city in the state after Ahmedabad and Surat. It is located in the central part of Gujarat and is well-connected by road, rail, and air. For instance, National Highway 8 (Mumbai-Delhi) passes through Vadodara, connecting it to the major cities of Ahmedabad, Mumbai, and Delhi. Most importantly, the city hosts an airport oering seamless connectivity to other major cities across India. Adding to the advantage of its strategic location, Vadodara is witnessing the development of promising social and physical infrastructure. The city is being developed under the Smart City Mission with the aim of enhancing the quality of life for its residents. The robust connectivity and infrastructure development have fuelled the manufacturing and services industry growth in Vadodara, attracting several national and multinational companies to the city.
In fact, Vadodara is a thriving hub for the manufacturing sector, contributing significantly to Gujarat’s industrial landscape. The city hosts a diverse range of state-owned and private manufacturing industries, including chemicals, pharmaceuticals, textiles, engineering, and oil refining. Multinational companies such as Larsen and Toubro have set up a 1.25 lakh square metre Knowledge City in Vadodara. It hosts several Special Economic Zones (SEZs) such as the Gujarat Industrial Development Corporation (GIDC) Industrial Estate, Manjusar GIDC SEZ and Savli GIDC SEZ.
The city has also been on the radar of notable IT companies, with Tata Consultancy Services (TCS), IBM India, and L&T Infotech, amongst others, setting their operations in Vadodara. The economic growth and burgeoning employment opportunities have also translated into growing demand in the city’s property markets. The growing traction in residential markets is visible on Housing.com’s IRIS index, where Vadodara is only second to Surat among its Western counterparts, piping Ahmedabad and the national average. The city’s high-intent homebuyer activity peaked during April 2023, reaching more than 250 points.
A deeper look into the trend suggests that most homebuyers are looking for properties along Waghodia Road, Ajwa Road, Sama-Savli Road, and Dabhoi-Waghodia Ring Road. For instance, micro-markets such as Bhayli, Waghodia, Harni, Chhani, and Manjalpur have witnessed heightened homebuyer search activity in recent years. Vadodara homebuyers are primarily seeking apartments, followed by independent homes with 2 BHK and 3 BHK configurations. Overall, the sustained growth in the online property search trend in Vadodara is a testament to its potential for continued upward momentum in the coming months.
