Bopal, Ahmedabad

CREDAI Ahmedabad, in a high-level meeting with over 400 builders, has decided to increase property prices effective July 1, 2026. New projects will see a 10% price hike, while ongoing projects will experience a 5% increase. This decision is attributed to rising raw material costs, labor shortages, and global supply chain disruptions. However, customers can still book properties at old rates until June 30, 2026.

The Amdavad Municipal Corporation (AMC) has launched a significant urban infrastructure initiative, planning and executing over 50 kilometers of precinct development, iconic roads, and model roads..Key projects include metro-linked precinct development, sports-themed corridors, and an East-West corridor.

The Ahmedabad Urban Development Authority (AUDA) is set to release its new draft development plan for 2041 and 2047 in June. This long-term plan aims to significantly upgrade city infrastructure, incorporate new areas, and potentially relocate industries to reduce air pollution, especially in preparation for the 2030 Commonwealth Games and a bid for the 2036 Olympics.

A 4-km-long elevated corridor on SG Highway in Ahmedabad, from Sanand Circle to Iscon Flyover, is nearing completion and is expected to open around July 1. This ₹500 crore project aims to significantly reduce traffic congestion at major bottlenecks like Karnavati Club, Prahladnagar, and YMCA.

The Ahmedabad Municipal Corporation (AMC) has approved a revised budget of Rs 18,518 crore for 2026-27, with a significant allocation for development works. The budget prioritizes basic civic services, infrastructure, urban mobility, and heritage conservation, aiming to improve residents' quality of life and enhance the city's infrastructure.

The Ahmedabad Municipal Corporation (AMC) has presented its highest-ever draft budget of Rs 17,018 crore for the fiscal year 2026-27. The budget prioritizes infrastructure, and sports facilities, in preparation for the 2030 Commonwealth Games. Key allocations include Rs 1,000 crore for elevated corridors and Rs 8,247 crore for sustainable and climate-resilient projects.

Ahmedabad's real estate market is experiencing a boom in 2026, driven by robust infrastructure, a thriving economy, and an improving lifestyle. Areas like SG Highway, South Bopal, and Shela are attracting significant developer and buyer interest. Property prices in premium zones are seeing annual appreciation of 15-22%, while affordable segments are growing at 10-12%.

Housing sales in Ahmedabad saw a 2% increase in 2025, reaching 18,752 units, while average property prices grew by 3% to Rs 3,197 per sq ft. This indicates a stable and growing real estate market in the city, driven by sustained demand and moderate price appreciation. The growth is expected to continue, making homeownership attainable.

A Collier's report indicates that Ahmedabad and Hyderabad have emerged as the most affordable real estate markets among India's Tier-1 cities, based on improved Price-to-Income (P/I) ratios. This affordability, coupled with a favorable job market, expanding metro connectivity, and ongoing infrastructure upgrades, is contributing to Hyderabad's growing appeal among mid-income homebuyers and investors, potentially driving further real estate development.