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.
