Ahmedabad - Q3 2024 Housing Market Overview

Launches

Ahmedabad witnessed a slight slowdown in new residential launches during Q3 2024, with approximately 8,700 units entering the market. This represents a 4% decline compared to the previous quarter and a marginal 1% decrease year-on-year.

West Ahmedabad took the lead in new residential launches during the third quarter of 2024, capturing a substantial 42% market share. This surge surpassed the previous quarter's high launch activity in East Ahmedabad. 

Sales

Ahmedabad residential market witnessed absorption of nearly 10,300 housing units, signifying a 4% year-on-year increase, a 9% decline was observed on a quarterly basis.

West Ahmedabad maintained its dominance in Q3 2024, accounting for a significant 35% of total sales.

East Ahmedabad and South Ahmedabad accounted for 20% and 16% of the sales respectively