Tag: Gujarat real estate

IndustryLatest Stories

Gujarat’s Real Estate Transformed by Redevelopment Wave

AHMEDABAD: Gujarat’s real estate sector is undergoing a significant transformation as redevelopment and joint development projects rapidly gain traction due to rising land prices and changing business models. Official statistics reveal a notable increase in registered development agreements, indicating that builders and landowners are opting for partnership models rather than outright land acquisitions. In 2024, a total of 777 redevelopment and joint development agreements were recorded in Gujarat, generating over Rs 55 crore in stamp duty for the state government. The momentum continued into 2025, with 983 agreements registered by November 30, yielding more than Rs 59 crore in stamp…

CommercialLatest Stories

Gujarat Sees 245 New Commercial Projects in 2024-25

AHMEDABAD: Gujarat’s commercial real estate sector is experiencing a robust revival after years of fluctuation. In 2024-25, the state celebrated the launch of 245 new commercial projects — the highest number since 2019-20’s 269 projects. Additionally, 31,520 commercial units were registered, marking a peak in post-Covid registrations, according to the latest GujRERA report. The sector saw a dramatic drop of 58% in registrations during 2020-21, the peak Covid year, primarily due to the work-from-home culture and lockdowns affecting demand. Tejas Joshi, vice-president of Credai Gujarat, stated, “Office demand plummeted sharply, with businesses in sectors like entertainment, food services, gyms, and…