Gujarat’s commercial real estate market starts gaining momentum
Real Estate

Gujarat’s commercial real estate market starts gaining momentum

The commercial real estate market started gaining momentum last year. According to Gujarat Real Estate Regulatory Authority (GRERA), new commercial project registrations in Gujarat increased by 24% to 213 in 2021-22, compared to 171 in 2020-21.

From the total registrations, 76 new commercial projects were registered in Ahmedabad, up by 17% from FY21, the highest increase in the state.

Developers and real estate experts ascribe the growth in demand to better confidence among businesses and plans for growth and expansion after a decrease in Covid-19 cases.

Executive Director of Knight Frank India, Balbir Singh Khalsa, said that as the industries and corporate plans for expansion, the need for commercial space has increased. It includes office, retail and showroom spaces. Moreover, as metropolitan cities expand with new town planning schemes, the requirement for residential and commercial real estate increases.

As per GRERA, investments worth Rs 5,005 crore took place in new commercial real estate projects across Gujarat in 2021-22, up 13%, compared to Rs 4,436 crore in 2020-21. Out of the total investments, Rs 2,244 crore is in the Ahmedabad commercial real estate market.

Image Source

Also read: Hyderabad declared as India's top commercial real estate destination

The commercial real estate market started gaining momentum last year. According to Gujarat Real Estate Regulatory Authority (GRERA), new commercial project registrations in Gujarat increased by 24% to 213 in 2021-22, compared to 171 in 2020-21. From the total registrations, 76 new commercial projects were registered in Ahmedabad, up by 17% from FY21, the highest increase in the state. Developers and real estate experts ascribe the growth in demand to better confidence among businesses and plans for growth and expansion after a decrease in Covid-19 cases. Executive Director of Knight Frank India, Balbir Singh Khalsa, said that as the industries and corporate plans for expansion, the need for commercial space has increased. It includes office, retail and showroom spaces. Moreover, as metropolitan cities expand with new town planning schemes, the requirement for residential and commercial real estate increases. As per GRERA, investments worth Rs 5,005 crore took place in new commercial real estate projects across Gujarat in 2021-22, up 13%, compared to Rs 4,436 crore in 2020-21. Out of the total investments, Rs 2,244 crore is in the Ahmedabad commercial real estate market. Image Source Also read: Hyderabad declared as India's top commercial real estate destination

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Innovision Wins NHAI Toll Collection Contract at Aashpur Fee Plaza

Innovision Limited has informed stock exchanges that it has been awarded a user fee collection and facility maintenance contract by the National Highways Authority of India (NHAI). The letter of award was issued on 10 August 2026 for operations at Aashpur Fee Plaza at design kilometre 231.100 on National Highway number 91 between Aligarh and Kanpur in Uttar Pradesh. The engagement covers collection of user fees for four and more lane sections and the upkeep and maintenance of adjacent toilet blocks including replenishment of consumable items. The contract was secured through a competitive e-te..

Next Story
Infrastructure Urban

Bharat Electronics Secures Rs.5,410 mn In Orders

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs.5,410 million (mn) since the last disclosure on 31 July 2026. The fresh awards raise the company's recently reported intake and were announced by way of a regulatory filing on 10 August 2026. The orders span multiple business verticals and are incremental to contracts already under execution. The update follows the company's routine disclosure obligations to the stock exchanges. Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical B..

Next Story
Infrastructure Urban

United Drilling Tools Receives US Order For Gas Lift Mandrel

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity. The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement