₹50-lakh Homes Could Cost ₹1 Crore in a Decade: Real Estate Surge Expected in Ahmedabad

As Gujarat prepares to host the Commonwealth Games in 2030, the real estate market in the state, particularly in Ahmedabad, is on the brink of a major transformation. Experts predict that property prices in Ahmedabad could surge by nearly 100% over the next decade, driven by the city’s ambitious plans and rapid infrastructure growth.

Major development is expected around the Narendra Modi Stadium in Motera, Bhat, Karai, and areas along the new ring road, where multiple residential and commercial projects are in the pipeline. These developments are set to reshape the city’s landscape and significantly impact the real estate market.

According to Ankur Desai, Secretary of CREDAI Ahmedabad, the city’s real estate market has already seen a substantial rise in the past decade. “Homes that were priced between Rs 40–45 lakh in 2016 are now selling for around ₹70 lakh. That’s nearly a 65% increase,” Desai told Divya Bhaskar.

With rapid infrastructure development, ranging from sports facilities and stadiums to academies and arenas across Motera, Karai, and western Ahmedabad, land prices are rising steadily, directly impacting housing costs. Developers warn that as Ahmedabad’s population approaches 10 million, meeting housing demand will become increasingly challenging.

“Just as buying a Rs 50-lakh home in Mumbai is almost impossible today, the same situation could arise in Ahmedabad in the future,” Desai said. This comparison highlights the potential for Ahmedabad to become a major real estate hub, similar to Mumbai, where affordability is a significant concern.

Developers estimate that homes currently priced at ₹50 lakh could cost up to ₹1 crore within the next decade. They point out that real estate projects typically take 3–4 years from launch to completion, while migration to Ahmedabad continues to rise sharply. As demand outpaces supply, affordability is expected to decline further. “Those who invest in property now are likely to see significant returns,” Desai added.

The Commonwealth Games, in particular, are expected to transform Ahmedabad’s real estate market. Industry leaders believe that the city could resemble Dubai or Singapore within 10 years, driven by global sporting events and infrastructure investment. To showcase this growth, CREDAI Ahmedabad and GIHED will organize the GIHED Property Olympiad on January 9, 10, and 11, 2026, at the GMDC Ground, Ahmedabad. The event will feature over 400 real estate projects from Ahmedabad and surrounding areas.

Chief Minister Bhupendra Patel will inaugurate the property show on January 8. The property show will host more than 40 affordable, premium, and high-end projects from over 50 major developers, covering residential housing, commercial properties, plotting schemes, and weekend homes. Financial institutions will also participate, offering guidance on home loans and financing options.

Rajesh Vaswani, Chairman of CREDAI Ahmedabad, said the 20th edition of the GIHED Property Olympiad comes at a crucial time for the city. “Ahmedabad’s selection as a Commonwealth Games host and its Olympic ambitions will firmly place it on the global map. This will lead to massive infrastructure investment and strong demand across residential and commercial sectors,” he said. He added that the event offers buyers and investors a timely opportunity to participate in Ahmedabad’s long-term growth story.

The organizers expect the property show to attract a large number of homebuyers and investors, offering them the chance to explore multiple projects, interact directly with developers, and receive on-the-spot information about pricing, amenities, and financing. With Ahmedabad’s real estate entering a high-growth phase, industry leaders believe the coming decade could redefine the city’s housing market.