GUJARAT: A rising powerhouse
Construction Week|February 2024
The Gujarat real estate market has seen a big boom in the last one year than ever before 
GUJARAT: A rising powerhouse

Gujarat's real estate sector witnessed a significant recovery in 2023 after a temporary downturn in 2022. The state recorded an 84% increase in real estate transactions in the fiscal year 2022-2023, with a record-breaking turnover of Rs 8.45 lakh crore. This robust rebound was influenced by multiple factors. This was influenced by a lot of things, such as: The increase in people's disposable incomes The affordable interest rates on mortgages The state's infrastructure development is a priority for the government New construction projects in tier-2 and tier-three cities.

Cities like Ahmedabad, Surat, and Vadodara have particularly high residential property demand. There are many industries located in these locations, and there are plenty of job prospects. Ahmedabad, the bustling core of Gujarat, has unexpectedly emerged as a leading player in India's real estate market, surpassing major metro cities such as Mumbai, Bangalore, and Delhi in property sales. As per a recent report by property consultant firm, Knight Frank, Ahmedabad recorded an impressive 15% growth in 2023, defying national trends and anticipated expectations.

The Gujarat government is promoting the construction of affordable homes via various programs like the Pradhan Mantri Awas Yojana (PMAY), responding to a growing need for reasonably priced housing. The real estate sector is rapidly expanding in Gujarat's tier-2 and tier-3 cities, due to a lower cost of living and high-quality infrastructure, with the demand for residential and commercial properties expected to rise. The industry is also increasingly focusing on sustainability, using eco-friendly building materials, rainwater harvesting strategies, and creating energy-efficient homes. Consequently, a surge in demand for sustainable real estate is anticipated in the future.

この記事は Construction Week の February 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Construction Week の February 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

CONSTRUCTION WEEKのその他の記事すべて表示
HOUSING SALES IN MAJOR CITIES DROP BY 11% IN Q3 2024, SURPASSING NEW PROPERTY LAUNCHES: ANAROCK GROUP
Construction Week

HOUSING SALES IN MAJOR CITIES DROP BY 11% IN Q3 2024, SURPASSING NEW PROPERTY LAUNCHES: ANAROCK GROUP

Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability

time-read
4 分  |
October 2024
INDIAN REAL ESTATE SET FOR BREAKTHROUGH: 16% GROWTH TO PROPEL MARKET TO $10 TRILLION BY 2047: COLLIERS-CREDAI REPORT
Construction Week

INDIAN REAL ESTATE SET FOR BREAKTHROUGH: 16% GROWTH TO PROPEL MARKET TO $10 TRILLION BY 2047: COLLIERS-CREDAI REPORT

Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability

time-read
5 分  |
October 2024
GAUR NYC RESIDENCES
Construction Week

GAUR NYC RESIDENCES

Group's third ultra-luxury project

time-read
2 分  |
October 2024
HIRANANDANI WOODSPRING
Construction Week

HIRANANDANI WOODSPRING

Hiranandani Woodspring by House of Hiranandani, located along the Bhiwandi-Kalyan corridor is spread across 4.5 acres. The premium residential complex is set to change the skylines of Kalyan with its neoclassical and meticulously crafted towers of 25-28 storeys.

time-read
1 min  |
October 2024
OPENING DOORS TO THE WORLD
Construction Week

OPENING DOORS TO THE WORLD

Aluk India opened its Home Experience Centre in Bangalore. It will offer partners and customers an insight into fascinating and unique products

time-read
4 分  |
October 2024
OVER THE TOP
Construction Week

OVER THE TOP

Building bridges and flyovers that last decades is easy, if you follow stringent principles

time-read
4 分  |
October 2024
RIGHT FROM UNDER
Construction Week

RIGHT FROM UNDER

When it comes to CE, excavators beat others hands down

time-read
7 分  |
October 2024
THE POWER OF PERSISTENCE
Construction Week

THE POWER OF PERSISTENCE

Amit Jain, chairman & managing director, Arkade Developers, joined his father's real estate A pretty early on in his career. While his father entered the world of real estate in 1985-86 with single stand-alone buildings, Amit quickly learnt the ropes and joined his father after completing his graduation from Mithibai College.

time-read
6 分  |
October 2024
SUSHMA GROUP ACQUIRES 59-ACRE LAND PARCEL
Construction Week

SUSHMA GROUP ACQUIRES 59-ACRE LAND PARCEL

The focus is on sustainable development and modern urban planning

time-read
1 min  |
October 2024
TREVOC GROUP SETS RS 1000 CRORE TARGET
Construction Week

TREVOC GROUP SETS RS 1000 CRORE TARGET

This project offers more than just luxury amenities

time-read
1 min  |
October 2024