Ahmedabad pips InfoCity on real estate prices

News Posted - 2010-04-06

Gandhinagar's InfoCity does not seem to hold much appeal to entrepreneurs and students aspiring to venture into business, largely because of its ‘high rents’.

At the third edition of Barcamp — hosted by the Entrepreneurship Development Institute of India (EDI)— here on Sunday, participants said they would prefer Ahmedabad to InfoCity. They were of the view that rents and infrastructure available for IT start-ups and small firms in Ahmedabad make it a better option.

“Infocity is practically more than half empty now. It’s out of the way, and the rent is high compared to normal spaces you can get in Ahmedabad. It’s not working out,” said Anuj Gosalia, a participant and student-entrepreneur.

Jaydeep Parikh, another participant, said Ahmedabad has the potential to be developed as the next hub for IT firms. This was, in his view, because of the low rents and better infrastructure.

“Compared to other cities, it’s easy to get a good place here at places like CG Road and SG highway,” he said.

Another hiccup with the It sector in Gujarat, Parikh said, was the level of education and unfamiliarity with English, which makes many youngsters “hesitant” to network.

Gandhinagar’s InfoCity was mooted in 1990s and work begun early this decade. The Rs 300-crore project aimed to create a state-of-the-art IT hub in the state.

Source: Indianexpress.com