Real Estate Trends in Ahmedabad

Latest News Real Estate Trends in Ahmedabad

Residential Market Growth:
Ahmedabad’s residential real estate market has shown significant activity in 2024. In the first quarter, there was a 21.4% increase in demand for residential properties. This was driven by low-interest rates, population growth, and the rise of remote work. Despite a decline in new housing supply, residential sales remained strong, particularly in the mid-segment price range of INR 45-75 lakh

Emerging Locations:
Areas like Zundal, Shela, and Nava Naroda have been hotspots for new residential projects, attracting both developers and buyers. The Northern Corridor, including GIFT City and SG Highway, has also seen significant development, especially in high-rise buildings and commercial spaces

Price Trends:
The average property prices in Ahmedabad have been rising, with a 1.4% increase noted in early 2024. This price appreciation reflects the competitive nature of the market, as more buyers and investors look to capitalize on the city’s growth

Sustainability Focus:
There is a growing emphasis on eco-friendly and sustainable construction practices in Ahmedabad. New projects increasingly incorporate green spaces, solar panels, and other environmentally conscious features, aligning with the city’s broader push towards sustainability.

These developments make Ahmedabad an attractive market for real estate investment, with strong potential for growth in both residential and commercial sectors.