Ahmedabad Builders Announce Price Hike in July 2026

In a significant move, the Confederation of Real Estate Developers' Associations of India (CREDAI) Ahmedabad's members resolved to raise prices by 10% for newly launched projects and by up to 5% for ongoing projects, depending on their stage of completion, effective July 1, 2026. The decision, made at a meeting attended by more than 400 builders, signals a pivotal moment for homebuyers across the city's most sought-after corridors, including Bopal and South Bopal.

The price adjustment stems from a sharp rise in construction input costs. According to developers, the increase has been driven by a sharp rise in the cost of construction materials, with prices of key raw materials reportedly climbing by 30% to 50% amid disruptions in global supply chains linked to geopolitical tensions in the Middle East. Overall construction costs are up by about 20–25%—builders absorbed this for months but say they can no longer hold prices.

For mid-segment localities like Bopal, properties are priced between Rs 4,500 per sq ft and Rs 6,000 per sq ft, with flat prices in Bopal ranging from Rs 4650–6500 per square feet. The 5–10% hike will translate into meaningful increases on typical purchases. If you are already planning to buy and your budget is ready, booking before 1 July 2026 can help you save money. Locking a deal at the current rate may protect you from the 5–10% hike.

Under the new pricing structure, projects that have recently been launched will see a direct 10% increase in rates, while projects nearing completion are expected to witness price hikes of up to 5%. This differentiation reflects the varying cost pressures across project timelines. CREDAI Ahmedabad had earlier announced that prices would remain unchanged until June 30, 2026, to provide a window for prospective buyers. With that period ending, the revised rates are set to take effect from July.

Beyond pricing, buyers should also be prepared for potential delays. Developers said that even if geopolitical tensions ease, it could take between nine and 12 months for construction material supply chains to return to normal. The industry body has reportedly approached the government and RERA authorities, seeking an extension of project completion deadlines under the force majeure provisions of the RERA Act, citing the extraordinary circumstances affecting the sector. CREDAI Ahmedabad has asked GujRERA (the state's real estate regulator) for a six-month extension on project completion deadlines. Builders say the costly and unstable material supply has made it hard to finish projects on the original timeline.

Despite this headwind, in 2026 Q1, the housing demands in the city increased by around 21.4%. In the first quarter of 2026, there was consistent demand across the SG Highway and Bopal for residential housing properties. These areas also became the most in-demand micro-markets as they are near the employment hubs and offer better connectivity to the city. Analysts suggest the market remains fundamentally sound. While central areas remain popular, the real action in 2026 is in peripheral zones. Areas like Raysan, Shela, South Bopal, Bavla, and the Sardar Patel Ring Road corridor are seeing sharp increases in both launches and sales.