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Significant Shifts In Ahmedabad’s Real Estate Market

Mandhir Vinaik, Dy. Vice President - Residential (Gujarat), ANAROCK Group, says, Ahmedabad’s residential market has exhibited robust growth post pandemic.

BY Realty Plus
Published - Saturday, 03 Aug, 2024
Significant Shifts In Ahmedabad’s Real Estate Market

Ahmedabad's real estate market has experienced substantial growth in recent years, owing to several government policy initiatives and measures that have supported the sector's expansion and facilitated recovery in the post-pandemic period.

According to ANAROCK Research, Ahmedabad’s residential market has exhibited robust growth post pandemic, with a cumulative total of approx. 141,570 new residential units launched and 130,090 units sold during Jan 2021 – June 2024. 2023 witnessed a peak in sales, recording over 40,020 units sold. This represents a significant increase of 34% compared to figures from 2021.

The city is known as one of the most affordable residential markets as compared to the top 7 cities of India, and has witnessed a significant shift in the supply dynamics. The affordable segment’s share in overall supply declined from 54% in 2018 to 28% in 1H 2024. Also, the share of mid-end projects in total supply during the year surpassed the share of affordable supply, for the first time since 2018.

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