Dussehra Sees Minimal Real Estate Launches in Ahmedabad
Ahmedabad's real estate market remains sluggish, with developers avoiding new launches due to unsold inventory and high costs.
Real EstateAhmedabadDussehraProperty MarketUnsold InventoryReal EstateOct 02, 2025
“Most developers aren’t able to clear their backlog. Unless old stock moves, they don’t want to risk fresh launches. Many are instead offering white goods and furniture as add-ons to push sales,” said developer-investor Aashil Patel.
In Ahmedabad too, sales in both residential and commercial spaces have been tepid. Analysts attribute the launch freeze to rising land and material costs, tight liquidity, and saturated inventory in prime areas such as Thaltej, Iscon-Ambli, and Sindhu Bhavan.
“New launches have been limited this year due to weak demand and excess supply. Affordable projects under Rs 1 crore are seeing more traction compared to luxury ones. Peripheral areas around the 200-feet SP Ring Road are faring better than city-centre localities,” said real estate expert Nagendra Rathore.
Pravin Bavadiya, president of Ahmedabad Realtors Association, added, “Land prices and high TDR rates — almost five times jantri — have made luxury projects unviable. Like many others, I too have received barely any invites for new launches this Dussehra.” Industry bodies remain hopeful of a recovery. Credai Gujarat president Tejas Joshi said, “Sales have picked up slightly in recent months. A GST rate cut on construction material and RBI’s repo rate cut could lift sentiment next quarter.”
Anuj Puri, chairman of ANAROCK Group, noted, “RBI keeping the repo rate at 5.5% ensures EMIs stay stable, which supports buyer sentiment but doesn’t really improve affordability.” Despite the challenges, the real estate industry in Ahmedabad is optimistic about a gradual recovery in the coming months, driven by government initiatives and market adjustments.
Frequently Asked Questions
Why are there fewer new real estate launches this Dussehra?
Developers are avoiding new launches due to unsold inventory, high land and material costs, and weak demand in the market.
Which areas in Ahmedabad are performing better in terms of real estate?
Peripheral areas around the 200-feet SP Ring Road are faring better than city-centre localities, especially for affordable projects under Rs 1 crore.
What are developers doing to boost sales?
Many developers are offering white goods and furniture as add-ons to attract buyers and push sales.
How are rising land prices affecting luxury projects?
High land prices and TDR rates are making luxury projects unviable, leading to a focus on affordable housing.
What measures are being taken to improve the real estate market?
Government initiatives such as a GST rate cut on construction material and RBI’s repo rate cut are expected to lift market sentiment and improve affordability.
Related News Articles
Dubai's Real Estate Boom: A Lesson for India's Housing Market
Dubai's real estate market has seen a significant surge, with sales of $155 billion in 2023. Can India learn from Dubai's success and boost its own real estate sector?
Diwali Sales Surpass Rs 361 Crore, Boosting Mumbai and Pune Real Estate Markets
The Guardians Real Estate Advisory has set a new Diwali sales record, selling 243 units covering 1,60,000 square feet of carpet area across various projects in Mumbai and Pune.
Ventive Hospitality Secures SEBI Nod for IPO - A Milestone for the Indian Hospitality Sector
Ventive Hospitality Limited, a significant player in the Indian hospitality industry, has received approval from SEBI for its Initial Public Offering (IPO). This marks a significant milestone for the company and the broader hospitality sector in India.
Tragedy Strikes as Boat Capsizes Near Gateway of India, One Dead and Several Missing
A boat carrying passengers capsized near the Gateway of India in Mumbai, leading to one death and several people missing. Rescue operations are currently underway.
Budget 2025: Midcaps, IT, Pharma, and Green Energy Sectors Poised for Strong Performance
As the Union Budget 2025 approaches, investors are closely watching which sectors will lead the market. Expert insights suggest midcaps, IT, pharma, and green energy are set to outperform.
Godrej Properties Reports Unprecedented Profit Growth During Real Estate Boom
Godrej Properties, a leading player in the Indian real estate market, has reported a significant surge in profits, marking a new high for the company amidst a robust real estate boom. This unprecedented growth has been driven by a combination of strategic