Prahlad Nagar, 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.

Ahmedabad Municipal Corporation (AMC) has successfully completed and allotted over 21,000 affordable homes for economically weaker families under the Pradhan Mantri Awas Yojana (PMAY). Proposals for an additional 24,000 units are in progress. This initiative is expected to provide much-needed housing solutions and enhance the quality of life for many residents.

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.

Ganesh Housing Limited has launched 'Million Minds Tech City,' a significant IT SEZ project near GIFT City in Ahmedabad. This development is poised to create over 70,000 high-skilled jobs and enhance Ahmedabad's appeal as a hub for Global Capability Centres (GCCs) and technology companies.

The cable-stayed bridge at Bhat Circle on the Gandhinagar-Ahmedabad Airport Road is nearing completion. Load testing, a crucial step before opening to traffic, will commence on May 7, 2026. The process involves stationing 18 trucks with a combined load of approximately 700 tonnes on the bridge to assess its structural stability.

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.

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.