Ahmedabad Sees 8% Drop in Residential Inventory in 2024: Anarock-CREDAI Report
Ahmedabad's residential real estate market witness a decline in inventory levels, with sales reaching an all-time high in 2023, according to a report by Anarock Group and CREDAI.
Ahmedabad Real EstateResidential InventoryCredaiAnarock GroupGujarat Property MarketReal EstateJul 29, 2024
According to a report titled 'Ahmedabad Residential Overview', jointly launched by Anarock Group, a leading property consultant, and CREDAI (Confederation of Real Estate Developers' Association of India) Ahmedabad, the city saw an 8% decline in residential inventory levels in the first half of 2024 compared to the corresponding period in 2023.
The report highlighted that Ahmedabad registered the launch of over 17,360 new units and sales of approximately 22,850 units in the first half of 2024. This marks a significant increase in sales volume, with 2023 witnessing the highest-ever peak of nearly 40,020 units. Around 42,310 units were launched in 2023, a substantial increase from 36,515 in 2022.
Mandhir Vinayak, Deputy Vice-President at Anarock, emphasized that Ahmedabad has surpassed Chennai and Kolkata in terms of residential sales.
Frequently Asked Questions
What was the decline in residential inventory levels in Ahmedabad in 2024?
The residential inventory levels in Ahmedabad declined by 8% in the first half of 2024 compared to the corresponding period in 2023.
How many new units were launched in Ahmedabad in the first half of 2024?
Over 17,360 new units were launched in Ahmedabad in the first half of 2024.
What was the highest-ever peak of residential sales in Ahmedabad?
The highest-ever peak of residential sales in Ahmedabad was nearly 40,020 units in 2023.
What is CREDAI, and what does it do?
CREDAI (Confederation of Real Estate Developers' Association of India) is a non-profit organization that represents the interests of real estate developers across India.
What does the quarterly index track in Ahmedabad's real estate market?
The quarterly index tracks zone-wise and area-wise real estate price movements, inventory levels, and new project launches in Ahmedabad's real estate market.
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