AHMEDABAD: With companies across sectors looking to expand, young professionals migrating Gujarat for better career opportunities and a rapid increase in startups, the commercial real estate market is gaining momentum since last year. According to data from the Gujarat Real Estate Regulatory Authority (GRERA), new commercial project registrations in Gujarat rose by 24% to 213 in 2021-22, against 171 in 2020-21.
Of these, 76 new commercial projects were registered in Ahmedabad alone — up 17% from FY 2021 — the highest increase in the state. Developers and real estate experts attribute the growth in demand to better confidence among businesses and concrete plans for growth and expansion after cases of Covid-19 began to decrease.
