Proptech Trends in Ahmedabad

From smart cities to now offices and homes, Proptech is redefining the real estate industry across the globe – and the heritage city of India, Ahmedabad, is no different. Ahmedabad has been quick in picking up international trends and meeting global trends across commercial and residential spaces. As the manufacturing & trading hub of India is now becoming home to various IT/ITeS, MNCs & large organizations, the adoption of proptech is accelerating this transition by positioning the city at par with global standards. It is also witnessing an expansion of the office market from CBD to SBD and PBD – the latter two are turning out to be the preferred micro-markets among global technology and BFSI occupiers (suggests our recent report, Tier II Cities: Coming of Age).

Top Proptech Trends Shaping RE in Ahmedabad

Lately, Ahmedabad has been witnessing an increased focus on Grade A office spaces. According to H1 2022 statistics, the stock, supply and demand for Grade A office spaces in Ahmedabad have been on the high end of the curve. The number of flex players, too, has been rising in the region as organizations tend to adopt hybrid work models. As the commercial real estate market in the city continues to evolve, proptech solutions are becoming an intrinsic part of Grade A building management offering a suite of technology solutions for employee safety, wellness & convenience.

Real estate professionals are also leveraging proptech across their project lifecycle – from advisory to construction, designing, portfolio management & more. They are leveraging Big Data to capture & analyze information for efficient decision-making. With this, they are able to improve operations & customer acquisition strategies, plan better financial outcomes and forecast potential trends & risks with greater accuracy. Technology is also empowering them with the digitalization of documentation and process automation – allowing them to focus on customer engagement and deal closures.

At CBRE, we are leveraging a range of technology solutions to drive value for our clients. Our suite of Enablement Technologies, promises to power superior outcomes for our client’s businesses (Details here: https://www.cbre.co.in/services/plan-lease-and-occupy/tech-transformation).

The Road Ahead

As we move forward, sustainability is expected to become a major factor and proptech could just be the way to its successful implementation across the market. Already leading in key sustainability parameters, viz. Affordable & Clean Energy 2021, Sustainable Consumption & Production Patterns 2021 and Sustainable Cities & Communities 2021, Ahmedabad is embracing green building tech with sustainable construction solutions. The use of modern technologies, like low-emission building materials, innovative HVAC systems, water & power conservation systems and more, are some features that Grade A buildings are embedded with. Occupiers and investors are keen on adding IGBC-certificated buildings to their portfolios to reduce/eliminate the negative impacts on the environment and hence, their carbon footprint.