TO BUY OR NOT TO BUY: IF THAT'S THE QUESTION, TAKE REALTY CHECK

Rents and property prices in Ahmedabad have soared by 20% to 30% over the past 3 years, making it better to buy property than rent it; Bopal tops rental growth, Nava Naroda sees highest price appreciation

- Kuldeep.Tiwari

Even as the debate over whether to rent or buy a property continues, real estate experts advise buying or investing in property rather than renting it to reap long-term profits. They have good reason for the advice.

Over the past three-and-a-half years, property prices and rentals in Ahmedabad have skyrocketed by 20 to 30 per cent across the city, including areas like Bopal, Shela, Gota, Chandkheda and Nava Naroda.

Bopal experienced the highest rental appreciation at 27 per cent, while Nava Naroda saw the most significant property value increase at 28 per cent.