Ahmedabad’s commercial real estate market has entered a phase of sharp momentum, with Grade A/A+ office spaces commanding a 25.5% premium in market rent over passing rent—an indicator of improved landlord leverage and high occupier confidence. Both supply and leasing demand clocked 0.5 million sq. ft. in H1 CY2025, reflecting a rare 1:1 demand-to-supply ratio.
The BFSI sector emerged as the top contributor, accounting for 56% of leasing activity, followed by IT/ITES (30%) and industrials (8%). GIFT City continues to be a magnet for financial services firms, with landmark transactions including HSBC leasing 0.18 million sq. ft. in the Central Business District and robust activity at Pragya II by Cognizant and Hexaware.
Currently, Ahmedabad hosts 30.5 million sq. ft. of Grade A office stock with a vacancy rate of 19.6%. Developers are bullish on long-term prospects, with projections of nearly 9.7 million sq. ft. of new supply by 2030—35.3% of which is concentrated in GIFT City alone. This hub is redefining the city’s skyline with high-profile projects like Shilp Centrica, Trogon Twin Towers, and The Goodwill Tower IT SEZ.
Shekhar Patel, President of CREDAI, said, “Ahmedabad is at a defining crossroads. A 25.5% rent premium, robust leasing momentum, and the rise of GIFT City reflect a city shaping its destiny. This is more than real estate—it is about building a thriving ecosystem of business, finance, and technology aligned with New India’s aspirations.”
Abhishek Kiran Gupta, CEO of CRE Matrix, added, “Ahmedabad leased as much space as it added—perfect balance. It’s now a BFSI stronghold. Rising rents signal a landlord’s market, and the data shows that Ahmedabad has entered the boardroom—best ma best che!”
From cost competitiveness and connectivity to urban planning and tenant diversification, Ahmedabad’s rise as a national business hub is no longer a footnote—it’s the headline.
