Ahmedabad is undergoing a rapid wave of urban redevelopment, with over 75 housing societies signing deals in just the first four months of 2025 and 300-400 apartments going for redevelopment in some areas.
The displaced residents now in the rental pool, especially in prime areas have pushed the demand well beyond supply and leading to jump in rental costs by nearly 30% in popular neighbourhoods.
Some are now heading to the SP Ring Road belt and other areas in the outskirts where affordability still offers some relief.
The city brokers admit that the increase in redevelopment deals has resulted in an unprecedented surge in demand for rented houses in central areas like Navrangpura, Naranpura, Paldi, Vasna, and Vadaj, where there is not enough inventory for rented houses, leading to big uptick in rentals compared to last year. Moreover, have raised the monthly rent amount that they used to give displaced residents from Rs 12,000-13,000 to Rs 15,000-30,000 every month.
Adding to the pressure is the seasonal rush of students and professionals relocating for the new academic and job cycles. Many prefer renting over buying, which has pushed even fringe areas near SP Ring Road into higher demand.
Top 10 Redevelopment Deals In Ahmedabad (2024–2025):
- Sakal Apartments, Naranpura
- Gurukul Road Redevelopment
- Navrangpura Society Renewal
- Naranpura Housing Upgrade
- Paldi Urban Renewal
- Memnagar Residential Transformation
- Ellisbridge Society Redevelopment
- Satellite Area Overhaul
- Vastrapur Housing Modernization
- Maninagar Community Revamp
At the core of this transformation are legal reforms that have simplified redevelopment procedures. The most impactful change is the reduction of the required consent threshold: now only 75% of society members need to approve a redevelopment plan, down from previously more complex mandates.
What’s more, in a market where the doubling of jantri rates (official government land valuation) has increased the cost of launching new projects by 20%, redeveloping existing buildings on owned land is a strategic advantage.
