Gujarat has 24 lakh unoccupied houses
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 number of empty houses are in chawls of eastern Ahmedabad, once home to most textile mills.
Out of total 22 lakh houses in Ahmedabad, about over 12%, or 2.81 lakh units are vacant. Of these, about 2.31 lakh vacant houses fall within limits of Ahmedabad Municipal Corporation.
Large numbers of houses are vacant because there was no demand in the market and these houses were technically with the builders.
Industry sources say this is mainly due to the fact that Gujarat has been an investor-driven market. Many investors prefer paying the builders but not getting their properties registered to avoid registration charges.
In 2011-12, a total of 9.07 lakh residential units were sold in the state. In 2010-11, 10.05 lakh property deals were registered.
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Source: Times of India
Ahmedabad Municipal Corporation, Houses in Ahmedabad, houses in Gujarat, Properties in Ahmedabad, Residential units
