Figure 18 –Launches and Sales Trends

Western Sub Urbans

Bopal, Ghuma, Shela, Shilaj, Rakanpur, Santej, SarkhejSanandRoad Developing • Majority of the developments are plotting and bungalowschemes. • Thesuburbhasmajorindustrialsettlement. • Outof5townshipsexistinginthecity,2arelocated inthissuburb. • Highlandavailability.

Northern Sub Urbans

Chandkheda, Motera, Adalaj, Sabarmati, Gota, Chandoliya, Sughad, New Ranip Emerging • The emerging market of the city in the respective direction. • Primarily is a residential market with the oldest settlementbeingSabarmatiarea. • ONGC–oneofthebiggestindustriesislocatedin thissuburb. • Outof5townshipsexistinginthecity,3arelocated inthissuburb.

Eastern Sub Urbans Southern Sub Urbans

Naroda,Nikol,Vastral Emerging • Primarilyanindustrialsettlement. • Upcomingresidentialmarketalongtheringroad.

Lamba, Aslali, Sanathal, Narol Emerging • Primarilyanindustrialandwarehousingsettlement. • Real estate market at nascent stage. Development isseenmoreinthetermsoflowcosthousing.

Table 4 –Characteristics of Major Markets Source. Primary Survey

No Established No Upcoming 1 OldCity 1 Gota 2 Shahibaug 2 Shilaj 3 Maninagar 3 Sughad/Koba 4 Naranpura 4 NavaNaroda 5 Sabarmati 5 Narol 6 Paldi 6 NewRanip 7 Jodhpur 7 VaishnodeviCircle No Developing No Developing 1 Satellite 6 Thaltej 2 Bodakdev 7 Prahladnagar 3 Vastrapur 8 Chandkheda 4 Bopal 9 Motera 5 Ambli

Table 5 –Locations Within Different Markets Source. Primary Survey Figure 15 –Locations Within Different Markets Source. Google Map; Development Plan Studio, S2022, CEPT University; Author’s Interpretation

H2 2022 29% 26% 22% 12% 10% H2 2022 29% 26% 23% 13% 10%

H1 2021 22% 34% 14% 11% 18% H1 2021 32% 25% 19% 15% 9%

0% 20% 40% 60% 80% 100%

North West East Central South 0% 20% 40% 60% 80% 100%

North West East Central South

Figure 16 –Micro-market Split of New Launches in H1 2021 and H1 2022 Source. Knight Frank Research 2022 Figure 17 –Micro-market Split of New Sales in H1 2021 and H1 2022 Source. Knight Frank Research 2022

While demand has gradually increased, developers have been quick to respond with project launches in ordertoprofitontheimprovedmood.InH12022,10,385unitswerelaunched,representinga67%increase yearoveryear.Homebuyerswereeagertolookforresidencesontheperipherythatwouldprovidethem with a major lifestyle change. During H1 2022, planned developments in gated communities remained popularamonghomeownersandinvestors.