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Ahmedabad: ‘Prices of houses to rise after LS polls’

NYOOOZ 2019-01-09 05:30:00

Ahmedabad: ‘Prices of houses to rise after LS polls’

  • | Wednesday | 9th January, 2019


“We have noticed that the prices of land in Ahmedabad is much more than in any of the cities like Bangalore, Mumbai, Chennai and Hyderabad. Developers in Ahmedabad who used to launch over 15,500 units annually during 2015, only launched 4,790 units and 4,167 units respectively in 2017 and 2018. AdvertisingOf the 4,167 housing units launched in 2018, 40 per cent happened in east and north Ahmedabad, which are largely affordable markets. In 2018, the sales were a tad lower at 16,188 units, compared to 16,826 units in 2015. The unsold inventory in Ahmedabad, which stood at 41,000 units at the beginning of 2015, has fallen sharply to just 14,800 units by the end of December 2018.

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