Ahmedabad
One fine morning in Ahmedabad, residents were surprised to see the roads vacant and no vehicles running on them. While enjoying the morning walk, some of the denizens noticed that there were really no vehicles around ‘No vehicle zone’ along Law garden. Even on CG Road the scene was the same and many residents were [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI) has appreciated the Ahmedabad pattern of town planning for well-planned urban development. The builders association also proposed the Maharashtra government to implement the same pattern adopted by the Ahmedabad town planning authority. A proposal on the issue has already been sent to the President of [...] Continue Reading »
The Gujarat government has planned to drastically reduce the impact fee. The impact fee is a registration charge for legalizing illegal structures in the state’s urban areas. According to sources the state urban development department has decided to fix a “nominal fixed value” for regularizing illegal properties in Ahmedabad and other cities by charging the [...] Continue Reading »
About 15% of total houses in Gujarat are empty. Leading the pack of cities, properties in Ahmedabad and Surat has maximum number of vacant houses. A large number of these units belong to investors, who buy houses and exit after booking profits. Usually, about 7% houses remain vacant in Indian cities. In Ahmedabad, a large [...] Continue Reading »
As per the report of the sale registration in Ahmedabad, it is found that the real estate industry in Ahmedabad seems to be going through a bad phase. Property sale deed registration in Ahmedabad has decreased by 20% in last one year compared to previous year. According to the real estate builders of Ahmedabad, this [...] Continue Reading »
As of date Ahmedabad has unsold apartments of Rs 3000 crore. While large developers are refusing to budge on the price front, smaller ones with poor holding capacities and lack of financial access are silently selling their stock at 25% lower than the existing market rates. Most of the unsold units have piled up in [...] Continue Reading »
The Gujarat Housing Board (GHB) after over 15 years is planning to launch seven residential schemes in four major cities of the state. The plan is to construct 9100 flats in these seven projects. Out of the seven projects, three projects will be launched in Ahmedabad, two in Rajkot and one project each in Surat [...] Continue Reading »
The cost of commercial properties in Ahmedabad has started sliding down. The office spaces are getting sold at 20 percent less price than the present market rate. The supply of the commercial property space has increased to 30 lakh sq ft. As the real estate investors are exiting the market, the cost of the properties [...] Continue Reading »
The unauthorized buildings continue to mushroom in Ahmedabad. Even though the deadline for regularizing unauthorized buildings has expired, the spread of these buildings is increasing in a rapid pace. This clearly shows that Ahmedabad Municipal Corporation (AMC) has failed badly to take respective steps to pause the spread and growth of unauthorized buildings. Even after [...] Continue Reading »
The pressure of inflation, higher rate of interest and economic slowdown has led to the downward trend in demands of real estate properties in Ahmedabad. As a outcome of the sluggish demand, the builders across the city are struggling to manage the liquidity crunch. It is observed in the realty market in Ahmedabad, that the [...] Continue Reading »
