Ahmedabad Marketbeat: Cushman & Wakefield Reports

Cushman & Wakefield MarketBeat reports examine quarterly commercial and economic real estate activity, including price, demand, and supply changes at the market as well as submarket levels.

Residential: For the second quarter of 2022 Ahmedabad housing market witnessed an increase of 62.5 percent on a q-o q basis, as well as two times the growth on a y-o-y scale. New launches of 6,990 homes were observed in the city, with affordable and mid-segment properties dominating new launches, with around 45 percent each. It was noted that the East Peripheral market was identified as the top choice for those seeking affordable housing.

The massive increase in quarterly launches could be explained by the increase of 3X on a Q-o-Q basis for low-cost unit launches. East Peripheral and the South Peripheral markets contributed 39 percent and 32% of the market respectively in the new launches. Certain submarkets could see a greater number of launches over a long time.