Dussehra Sales Slump as Ahmedabad Property Market Faces Challenges
Ahmedabad's real estate market saw a significant downturn during Dussehra, with industry experts attributing the slowdown to oversupply and rising property prices. Despite these challenges, there is optimism about a potential revival, especially if Ahmedabad is chosen to host the Commonwealth Games.
Real Estate MarketProperty PricesDussehra SalesCredai GujaratCommonwealth GamesReal Estate NewsOct 02, 2025
They termed this year's festive season the weakest since the Covid year. However, the Confederation of Real Estate Developers' Associations of India (CREDAI) Gujarat remains optimistic about a potential revival in demand, with the possibility of Ahmedabad being selected to host the Commonwealth Games becoming a possible catalyst.
Pravin Bavadiya, former president of the Ahmedabad Realtors' Association, said, 'The city witnessed huge demand after Covid, but now the market is grappling with oversupply and soaring land and property prices. This has led potential buyers to exercise caution, opting for ready-to-move-into apartments over new projects. The demand is primarily concentrated in the affordable segment, while the mid-range and luxury segments are struggling.'
The shift in buyer preference is also influenced by the desire to avoid the risks associated with project delays and the financial burden of paying both rent and EMIs, he added. Despite these challenges, CREDAI expressed confidence that recent GST rate cuts could boost disposable income, channelling more funds into real estate.
Tejas Joshi, President of CREDAI Gujarat, said, 'Additionally, lower interest rates, which typically encourage home buying by making loans more affordable, will also play a role in improving demand. If Ahmedabad is chosen to host the Commonwealth Games, it could lead to a sharp rise in demand.'
Frequently Asked Questions
What are the main factors affecting the real estate market in Ahmedabad during Dussehra?
The main factors affecting the real estate market in Ahmedabad during Dussehra include oversupply in certain areas and a significant rise in property prices, leading to a slowdown in demand.
How has the demand for property in Ahmedabad changed since the Covid year?
The demand for property in Ahmedabad has seen a significant downturn. After a surge in demand post-Covid, the market is now grappling with oversupply and rising property prices, causing potential buyers to be more cautious.
What segments of the property market are most affected by the current slowdown?
The mid-range and luxury segments of the property market are most affected by the current slowdown, while demand remains primarily concentrated in the affordable segment.
What measures are being taken to boost the real estate market in Ahmedabad?
Recent GST rate cuts and lower interest rates are expected to boost disposable income and make loans more affordable, potentially improving demand in the real estate market.
How could the Commonwealth Games impact the real estate market in Ahmedabad?
If Ahmedabad is chosen to host the Commonwealth Games, it could lead to a sharp rise in demand for properties, as the event would bring in significant economic activity and infrastructure development.
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