Office: The Ahmedabad office market recorded a net absorption of 2.2 msf in 2019, which is significantly higher on a y-o-y basis and translates to a threefold increase. A significant portion was contributed by occupancy of 1.7 msf among the newly completed buildings during the year.
Retail: Brands planning for large retail formats have options available in mixed-use buildings as well as acquisition of entire floors based on current mall vacancy levels.
Residential: Among the new launches in this year, around 80% of the luxury projects are concentrated in the Central and West sub-markets, while premium, high-end projects were more evenly spread across the city, barring the South sub-market.
Industrial: A sufficient availability of land parcels coupled with muted demand has restricted the price growth so far this year and the trend is likely to sustain through 2020, in case industrial/manufacturing sentiments don’t show much improvement during the year.
India Investment: Foreign investors held close to 73% share in investment volumes in 2019; large platforms targeting development of office and industrial assets continue to be formed.
Learn more by clicking our most recent Ahmedabad MarketBeat reports below.