Ahmedabad's Residential Market Sees Promising Trends: 8% Decline in Inventory and Steady Sales
Ahmedabad's residential market witnesses a significant 8% decline in inventory levels in H1 2024, with over 17,360 new units launched and 22,850 units sold
AhmedabadResidential MarketReal EstateInventory LevelsCredaiReal Estate NewsJul 29, 2024
The report highlights that Ahmedabad has beaten Chennai and Kolkata in terms of residential unit sales, with the city ranking eighth in the country. In 2023, the residential real estate sales volume across Ahmedabad saw its highest-ever peak of nearly 40,020 units. The city also saw a significant increase in new launches, with around 42,310 units launched in 2023 compared to 36,515 in 2022.
Speaking about the trends, Mandhir Vinayak, Deputy Vice-President at Anarock, said,
Frequently Asked Questions
What was the decline in inventory levels in Ahmedabad's residential market in H1 2024?
The inventory levels declined by 8% in Ahmedabad's residential market in H1 2024.
How many new residential units were launched in Ahmedabad in H1 2024?
Over 17,360 new residential units were launched in Ahmedabad in H1 2024.
What is Ahmedabad's ranking in terms of residential unit sales in the country?
Ahmedabad ranks eighth in the country in terms of residential unit sales.
What was the peak sales volume in Ahmedabad's residential market in 2023?
The peak sales volume in Ahmedabad's residential market in 2023 was nearly 40,020 units.
Which organization jointly launched the 'Ahmedabad Residential Overview' report?
The report was jointly launched by Anarock Group and CREDAI (Confederation of Real Estate Developers' Association of India) Ahmedabad.
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