Gift City too have now their bases established in Ahmedabad in the last few yrs. Real-estate gurus believe that the inflow of various industries in and around the Sanand town located about 40km from Ahmedabad is one of the main reasons for the hike of property prices in Ahmedabad. There has been a 2 fold rise, almost, in the past 2 years in real-estate Ahmedabad prices. To say it in other terms, if a flat that was only being sold at the price of 63 L rupees in the city prime location is priced now at 1.2 Cr.
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