While developers in major property markets often express concerns regarding poor infrastructure, Ahmedabad stands out as a city where developers convey a confident outlook. The proactive approach of the state government in investing and enhancing infrastructure is setting the stage for substantial growth in Ahmedabad and other urban areas of Gujarat.
Significant projects, such as the proposed Special Investment Region (SIR) in Dholera, the metro-link express, and Gujarat’s inaugural International Tech-City, are poised to significantly alter the industrial landscape of the state in the coming years. These advancements are expected to cast a positive light on the real estate sector.
The state government has sought Cabinet intervention to expedite approval for various projects totaling Rs 1.1 lakh crore, championed by leading domestic and international firms, which have been awaiting clearance from the Centre for the past three years.
Key projects pending approval from the Ministry of Environment and Forests include the expansion plan for RIL’s marine operations valued at Rs 8,950 crore, the Mumbai-Vadodara Expressway at Rs 19,850 crore, and investments in the DMIC amounting to Rs 43,230 crore.
Recently, the state government has completed 20 road projects amounting to Rs 2,088 crore, with six ongoing projects worth Rs 2,950 crore. Additionally, over five more projects are in the pipeline, with an equal number currently in the bidding phase.
From an urban development perspective, the state has wrapped up six projects and is contemplating the initiation of 22 additional projects with a combined investment of Rs 4,000 crore planned for the coming years.
The growth trajectory of real estate in the city illustrates a transformative shift. Moving beyond affordable apartments and townships, there is a rising demand for villas, second homes, and row houses.
The city boasts a robust water drainage infrastructure, a comprehensive ring road system, an efficient bus rapid transport system, and a reliable power supply, which together provide a strong basis for the sector's sustained growth.
Government data reveals that 13 projects are awaiting clearance under coastal regulation zone norms. The momentum of development is expected to gain significant acceleration once all infrastructure projects receive swift approvals.