In FY2025-26, the state logged 1,606new project registrations, while inFY2024-25 the number was 1,818,according to GujRERA data
In all, 756 new projects were registered with GujRERA (Gujarat Real Estate Regulatory Authority) from April to Sept, indicating moderation compared to the numbers from the previous two years. In FY2025-26, the state logged 1,606 new project registrations, while in FY2024-25 the number was 1,818, according to GujRERA data. Ahmedabad led Gujarat in new registrations in the first six months of the fiscal with 217 projects. Surat followed with 180, while Vadodara recorded 81. Gandhinagar registered 71 projects. In a notable shift, Bhavnagar moved ahead of Rajkot, registering 59 new projects compared with Rajkot’s 41 during the same period.
Ahmedabad: Some effects of the US-Iran war are being felt at home in Gujarat, with prices of construction materials tamping down real estate launches. With only half the current fiscal covered, the first-half numbers suggest developers are turning more cautious on fresh launches amid changing cost dynamics and shifting demand preferences.
Sales above Rs 1 crore rose 16% to 3,885 units, lifting their share to 27% from 24%. Weighted average prices increased 3.7% year-on-year to Rs 4,837 per sq ft in Q3 2026. Unsold inventory rose 9% to about 38,700 units. Vaishnodevi, Chharodi-Gota, and Zundal should see more affordable housing and 3-BHK supply.
As a result, affordable housing launches have steadily declined. You Can Also Check: Gold Rate in Ahmedabad | Silver Rate in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Ahmedabad AQI | Weather in Ahmedabad | Petrol Price in Ahmedabad | Diesel Price in Ahmedabad | CNG Price in Ahmedabad | LPG Price in Ahmedabad Stay updated with the latest Ahmedabad news.
“Land prices have risen sharply, and key raw material prices have also jumped, mainly after the US-Iran war,” a leading developer said. The developer said, “Also, the definition of ‘affordable housing’ is almost a decade old, and many projects now exceed those limits. “We believe project launches will pick up after Diwali,” said Viral Shah , secretary, CREDAI Gujarat. Shah said, “We’re also seeing demand from buyers from other states. “We have seen improved demand in commercial spaces, led by the Banking, Financial Services, and Insurance sector, and that is encouraging more launches in that segment,” said developer Jigar Bharwad.
Demand continued to shift toward higher-value homes. “Builders can’t pass on the entire cost increase to buyers, so margins have narrowed. Industry representatives, however, expect fresh activity after the festive season and point to improving traction in commercial real estate. “There is strong demand for commercial projects, and we are seeing a revival. The Commonwealth Games will help put the city on the global map, and infrastructure upgrades will improve quality of life. Developers also highlighted the role of metro-linked locations in driving commercial demand. “Areas with metro connectivity are seeing higher commercial interest. Download the TOI App.
Meanwhile, a Knight Frank India report said that Ahmedabad’s residential market posted 14,300 housing unit sales in the Jan–Sept period, a 2% year-on-year increase from 14,064 units in the same period of 2025. The rise marked the city’s strongest first-nine-month sales performance since 2018. Developers launched 16,745 units in the nine-month period, up 1% from a year earlier and also the highest since 2018.