Ahmedabad's Real Estate Market Soars with 2030 Commonwealth Games and 2036 Olympics Bid

Ahmedabad, a city with a rich cultural heritage and a rapidly growing economy, is set to become a major real estate hub in India. The city's successful bid to host the 2030 Commonwealth Games and its ambitious bid for the 2036 Summer Olympics have sent a strong signal about its growing stature and institutional readiness. Developers and industry experts are optimistic about the long-term growth trajectory of the real estate market.

Real estate developers have highlighted several factors that will drive the market, including the city's robust sports infrastructure, ample land availability, and ongoing urban development. Taral Shah, Managing Director of Shivalik Group, emphasized the historical significance of mega sporting events in redefining cities and their real estate markets.

"Ahmedabad's selection for the 2030 Commonwealth Games sends a strong signal about the city's growing stature and institutional readiness. The investments and planning associated with the Games will extend far beyond the event itself and translate into long-term value for the real estate sector," Shah said.

The city is already witnessing the development of several large infrastructure projects, such as the expansion of the Metro Rail network, new highways, and the growth of GIFT City as a global financial hub. These projects are laying a strong foundation for future growth and enhancing the city's appeal to investors.

Kartik Soni, Founder and Chairman of Swara Group, described the Commonwealth Games as a once-in-a-generation opportunity to elevate Ahmedabad to global benchmarks of urban development. "The Games will act as a catalyst for world-class infrastructure, new economic activity, and large-scale urban renewal. For real estate, this marks the beginning of a high-growth decade that can redefine the city's skyline and urban identity," he said.

Soni believes that the demand for redevelopment projects, rental housing, premium residences, and mixed-use developments will rise sharply. "As the city prepares to welcome athletes, officials, and visitors from across the world, the need for quality housing, extensive public transport, and modern lifestyle infrastructure will intensify. This will naturally give a big boost to the real estate sector. Developers have a responsibility to create modern and future-ready urban spaces. This moment is about building a city worthy of the world stage," Soni added.

Shekhar Patel, Managing Director and CEO of Ganesh Housing Limited, noted that Ahmedabad's selection reflects a structural shift that has been underway for several years. "Large gatherings and cultural events that once gravitated to traditional metros are increasingly taking place in Ahmedabad, as we saw earlier this year with the Coldplay concert. These events signal the emergence of a city whose economic and social fundamentals have matured in tandem. Improvements in connectivity, civic infrastructure, and quality-of-life indicators have strengthened Ahmedabad's ability to attract talent, which has driven sustained demand for real estate," Patel said.

He added that the Commonwealth Games will further reinforce Ahmedabad's position on the national stage, with micro-markets such as SG Highway, Sardar Patel Ring Road, Motera, GIFT City, Shela, and Bopal poised for long-term growth. "Ahmedabad is still far from saturation. Its current trajectory suggests a city transitioning into a future tier-one economic hub, supported by structural progress rather than short-term momentum," he added.

Ankur Desai, secretary of CREDAI Ahmedabad GIHED, highlighted the city's transition following the successful Commonwealth Games bid. "Ahmedabad is going through a huge transformation after the big break of the Commonwealth Games bid. Ahmedabad will have a global standing after winning the 2036 Summer Olympics bid," Desai said. He also mentioned the city's existing infrastructure, such as the Narendra Modi Stadium and the state-of-the-art Veer Savarkar Sports Complex in Naranpura. The proposed South West Ahmedabad Sports Arena (SWASA) in the Manipur-Godhavi area is expected to play a significant role in shaping the region's future, further cementing Ahmedabad's position as a leading real estate market in India.