[by Devansh Desai Mumbai Samachar Desk]
Ahmedabad: Gujarat is witnessing a rise in home-loan borrowers, yet enthusiasm for buying property remains noticeably weak. According to the State Level Bankers’ Committee data for the September 2025 quarter, home-loan disbursals increased 14% year-on-year from ₹14,266 crore to ₹16,264 crore. However, the number of borrowers grew only 7%, climbing from 95,532 to about 1.02 lakh. This widening gap indicates that fewer people are moving ahead with new property purchases.
Sources say most lending activity is concentrated in metro cities such as Ahmedabad, Vadodara, Surat and Rajkot, where demand for new homes has softened across all markets. The most significant slowdown is in the affordable housing segment a trend that has persisted for several months.
Explaining the shift, sources note that middle-income and first-time buyers are delaying purchases due to rising property prices. Developers also confirm that although new projects are being launched, demand remains muted across many parts of the cities.
The affordable housing category, once Gujarat’s strongest demand driver, has been hit the hardest. At one time, high demand in this segment fueled continuous project launches.
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Sources add that demand for 3BHK and 4BHK units has also dipped, with both affordable and premium housing segments experiencing a slowdown. However, the upcoming Commonwealth Games 2030 could boost real-estate activity in Ahmedabad. Inquiries have already begun rising, and new infrastructure from coaches and athletes to students and support staff may help push overall housing demand upward. Developers expect affordable housing to benefit from renewed interest in the coming months.
Rising construction and land costs have pushed budget-friendly homes out of reach for many buyers, further dampening demand. A recent Mumbai Samachar talk show highlighted that Ahmedabad’s once-booming redevelopment wave has now cooled. Due to a prolonged real-estate slowdown over the past 18–24 months, under-construction units are not selling, and developers are losing interest in redevelopment projects as well. Many redeveloped societies are struggling to find buyers, leaving builders in a difficult financial position. Experts say this trend is making developers increasingly hesitant to sign new redevelopment deals.