‘Housing sales in Ahmedabad up 3%, new launches drop 61%'
Despite this huge drop in new launches, the city's primary housing market showed a 3% uptick in sales and a 7% increase in average property prices.
The CREDAI and CRE Matrix Report reveals that Ahmedabad's residential real estate market demonstrated strong financial performance, with the total value of primary units sold increasing by 10% in the first half of 2025 (H1 CY'25) compared to the same period in 2024. The city recorded sales of approximately 25,000 primary units during this period, marking a 3% year-on-year increase, positioning the city's housing sales volume close to that of the National Capital Region (NCR).
However, the market showed signs of seasonal fluctuation, with sales declining from 28,122 units sold in the second half of 2024 (H2 CY'24). New unit launches declined from approximately 31,000 units in the first half of 2024 to just 11,000 units in the first half of 2025.
The report states that the average ticket size has seen an upward trend of around 7% in the first half of 2025 compared to the first half of 2024. The market share of properties less than Rs 70 lakh has increased by 2 percentage points, increasing from 27% in the first half of 2024 to 29% in the first half of 2025.
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CREDAI Ahmedabad chairman Chitrak Shah said, "The sentiment was a bit affected, and due to that, many developers deferred new launches, and it can be seen in the report. However, now we see the impact of interest rate reduction, and the next quarter will see more launches in the city because of the festival season and good monsoon and liquidity."
Ahmedabad generated Rs 21,849 crore in new house sales during the first half of 2025, representing a substantial increase from Rs 19,806 crore in the same period of 2024.
According to the report, the housing market across India's Tier-1 cities witnessed a strong surge in demand in the first half of 2025, with primary housing sales reaching a record Rs 3,60,000 crore, indicating robust market appetite.
The report says that NCR led in revenue contribution with a 26% share, followed closely by Mumbai Metropolitan Region (MMR) at 23%. Despite this, new launches have been on a declining trend over the past one-and-a-half years. The number of units sold saw a modest decline of approximately 4%, from 2.67 lakh units in the first half of 2024 to 2.53 lakh units in the first half of 2025. This disparity between revenue and volume growth suggests a significant rise in average ticket size, with the average unit price increasing from Rs 1.24 crore in the first half of 2024 to Rs 1.42 crore in the first half of this year, according to the report.
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