Learn more by clicking our most recent Ahmedabad MarketBeat report on the various sectors below.
Ahmedabad MarketBeat Reports
15/01/2025
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CURRENT MARKETBEAT
Ahmedabad Office Report
Ahmedabad office market recorded gross leasing volume (GLV) of 1.04 MSF in Q4 2024, a ~2X jump from Q3 2024, driven by BFSI and IT–BPM, holding a 46% and 24% share respectively. On an annual basis, leasing by engineering & manufacturing firms grew 3X in 2024 compared to 2023. New supply of 0.85 MSF was recorded, a 32% q-o-q increase. Vacancy rates across the city dropped to 25.2% and 7.27% for the GIFT city submarket. Rentals increased 5-7% y-o-y for the superior grade assets of GIFT city and SBD submarkets.
Ahmedabad Retail Report
Ahmedabad saw main street leasing volume of ~77,000 SF in Q4 2024. Main streets led with a share of 57% while the remaining was contributed by malls. Department stores dominated with ~52% share, followed by the accessories and lifestyle (20%) and fashion (12%) segments. Limited mall supply led to a decline in mall vacancy rate to ~16%. Tight vacancy rates of 2-4% in superior-grade malls have also drove increased demand and reduced vacancies in good-grade malls. Main streets rentals witnessed a 7-10% growth on a y-o-y basis.
Ahmedabad Residential Report
Ahmedabad witnessed new supply of 4,474 residential units in Q4-24. Bopal (12%) and Sarkhej (11%) comprised 23% of the city’s supply in Q4. The mid-segment led with a 52% share, followed by the affordable segment (32% share), and the high-end and luxury segments (29% share). Capital values rose 4-12% y-o-y across all submarkets. Rental values rose across the city with the western submarket witnessing as much as a 20% increase in 2024.
Ahmedabad Industrial Report
Ahmedabad saw warehouse leasing volumes of ~0.27 MSF in H1 2024. Engineering and manufacturing led with 65% share. The Changodar submarket witnessed ~65% of total warehouse leasing activity followed by Kheda (~18% share). Two prominent automobile manufacturing plants in Sanand and Changodar accounted for ~86% of the total industrial leasing volume. Rental values in Changodar and Aslali submarkets witnessed 2-8% y-o-y growth. Land values increased by 15-30% y-o-y in the Changodar and Aslali submarkets.
India Capital Market Report
Q2 2024 witnessed massive investment inflows amounting to INR 231.5 Bn (USD 2.77 Bn), marking a 1.5x q-o-q growth. The Logistics & Industrial (L&I) segment led with 56% share.
RELATED INSIGHTS
Article
Aditya Birla Fashion and Retail Limited Chennai
Adyar is a very prime & sought-after high street in Chennai and therefore a short-supply market. Aditya Birla Fashion and Retail Limited (ABFRL) was looking out for a property to set up their store in the area.
18/06/2021
Article
Tata Cromā, a leading consumer electronics and durable retail chain in India, wanted to open a new store in Guntur.
17/06/2021
Podcast
Podcast: Logistics & Industrial in India
With international business looking seriously at India to take advantage of the world's second largest population - India is a complex and fascinating part of the world, for both investors and occupiers alike.
Rob Hall • 16/10/2020