The real estate sector in Ahmedabad differs greatly from those in other Indian cities and it has been able to maintain its steady growth over the last few years. In other cities like Bangalore and Pune, realty prices have been fluctuating from high to low during the same period. Builders in Ahmedabad opine that Ahmedabad’s real estate market is more resilient than in other cities where price fluctuation is very rampant. The average price of residential units in the city is Rs 3,219 per sq./ft which is the lowest among major Indian cities. According to a recent report on the Indian real estate market, the housing industry in the city has continued to grow by 9% annually. In other markets like Delhi NCR, Bangalore, Pune, Mumbai, etc. the impact of various government reforms like demonetization, RERA, and GST was severe and led to the sharp decrease in price and sale of flats and apartments. Ahmedabad’s real estate sector is different from other cities in several ways.
T. Poddar | Trusted Builders in Surat & Ahmedabad