Ahmedabad Developers Expand Footprint Nationwide and Internationally
Ahmedabad-based real estate developers are making significant strides by launching projects in major cities like Mumbai, Bengaluru, and even the USA, marking a notable expansion beyond Gujarat's borders.
Real EstateAhmedabadMumbaiBengaluruUsaReal Estate MumbaiJun 10, 2025
From Gujarat to global markets, developers including Goyal and Co., Bakeri Group, HN Safal, Bsafal Group, Iscon Group, and Savvy Group have already launched projects in other states, continuously exploring additional cities to cement their positions as national developers. MD of Bakeri Group, Pavan Bakeri said, “We have one project in Pune and we are also looking for newer opportunities in cities like National Capital Region (NCR), Bengaluru, Chennai, Indore along with Pune.” Explaining further, he said, “This is primarily for geographical diversification and making a newer investor base. Also, these cities help to a greater extent in getting more transparent deals often; both in transactions with land owners and end users too.”
Financial scale and market potential are significant factors driving the expansion. Developers believe that expanding into larger metropolitan markets significantly increases their business volume and revenue potential. MD of Iscon Group, Jateen Gupta told Mirror, “Currently, we are developing two projects in Mumbai; one project is a mixed development with 22 floors in the Vile Parle East area, another is a residential project in Bandra East.” He added, “While we are doing projects in Ahmedabad, Surat, Bhavnagar, our equal focus will be in Mumbai as the scale of the projects is much higher as the per sq ft salable price varies from Rs 35,000 to Rs 50,000 per sq ft in Mumbai.”
Mumbai offers maximum scope for growth. Founder of Savvy Group, Jaxay Shah said, “Currently, we are doing two residential projects in the maximum city’s Andheri and Ghatkopar areas.” “We want to do all kinds of projects here in coming years as we find the market favourable. With many Gujaratis living here and Mumbaikars doing business closely with Gujarat and due to the development of a faster rail network, the distance between Ahmedabad and Mumbai has reduced,” he added.
International ambitions are also on the horizon. While Bsafal is executing real estate projects in New York and New Hampshire in the USA as well as in Mumbai, Goyal Group and HN Safal Group have joined forces to develop residential and commercial projects in Bengaluru. Agreeing with the trend, CREDAI Gujarat President, Dipak Patel said, “Many developers from Ahmedabad are heading towards other states to make their national presence. This helps in business expansion as well as in brand building.”
We have one project in Pune and we are also looking for newer opportunities in cities like National Capital Region (NCR), Bengaluru, Chennai, Indore along with Pune – Pavan Bakeri, MD, Bakeri Group
Frequently Asked Questions
Why are Ahmedabad developers expanding to other cities?
Ahmedabad developers are expanding to other cities for geographical diversification, to tap into larger markets, and to increase their business volume and revenue potential.
Which cities are Ahmedabad developers targeting for expansion?
Ahmedabad developers are targeting major cities like Mumbai, Bengaluru, Pune, and even international locations like New York and New Hampshire in the USA.
What are the financial benefits of expanding to larger metropolitan areas?
Expanding to larger metropolitan areas offers higher per sq ft salable prices and a larger investor base, significantly increasing business volume and revenue potential.
How does the market in Mumbai differ from Ahmedabad?
The market in Mumbai offers higher per sq ft prices and a more transparent deal-making environment, making it attractive for developers looking to scale their operations.
What role does international expansion play for these developers?
International expansion allows developers to diversify their portfolio, tap into new markets, and build a global brand presence, further enhancing their business potential.
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