Table of contents
Undertaking i
Certificate iii
Acknowledgments v
Abstract vii
Table of contents ix
List of figures xiii
List of tables xi
List of Abbreviation xiii
1 Introduction to the research 1
1.1 Background and Context 1
1.2 Positioning of the Research Project 1
1.2.1 Positioning in Professional Domain 2
1.2.2 Positioning in Research Domain 2
1.3 Literature Review 2
1.3.1 Empirical Context 2
2 Methodology 5
2.1 Central Question 5
2.2 Aim 5
2.3 Objectives 5
2.4 Research Matrix 6
2.5 Scope of Work 7
2.6 Limitations 7
2.7 Research Timeline 7
3 History and Evolution of Commercial Real Estate of Ahmedabad 9
3.1 Introduction 9
3.2 Chronology of Commercial Development of the City 9
3.2.1 1861 – 1900: The Era of Gandhi Road 9
3.2.2 1901 – 1940: Shift of Commercial Corridors to Ashram Road 11
3.2.3 1941 – 1960: Emergence of Ashram Road and Relief Road 14
3.2.4 1961 – 1970: Change of Commercial Building Typology at Ashram Road 15
3.2.5 1971 – 1980: The Rise of C.G. Road 18
3.2.6 1981 – 1990: The Start of Highrise Typology at Ashram Road . 20
3.2.7 1991 – 2000: Investment-driven Commercial Spaces at Ashram Road 21
3.2.8 2001 – 2010: Emergence of S.G. Highway 24
3.2.9 2011 – 2020: Consolidation of SG Highway as a Commercial Corridor 28
3.3 Inference 31
4 Current Scenario of Commercial Real Estate 37
4.1 Introduction 37
4.2 Overview of Commercial Real Estate under RERA 37
4.3 Demarcation of Different Micro-Markets of the City 38
4.4 Micro Market Analysis 41
4.4.1 Market 1: Ashram Road 43
4.4.2 Market 2: C.G. Road 46
4.4.3 Market 3: 132 feet Ring Road 50
4.4.4 Market 4: Drive-in Road 53
4.4.5 Market 5: S.G. Highway 56
4.4.6 Market 6: Sola Science City Road 59
4.4.7 Market 7: Sindhu Bhavan Road 62
4.4.8 Market 8: Iscon Ambli Road 65
4.4.9 Market 9: Chandkheda – Motera 68
4.4.10 Market 10: S.P. Ring Road West 71
4.4.11 Market 11: Maninagar – Rakhial 74
4.4.12 Market 12: Nikol – Odhav 76
4.4.13 Market 13: Nava Naroda – Nana Chiloda 78
4.4.14 Market 14: S.P. Ring Road East 80
4.5 Inference 82
4.5.1 Major Trends within the Micro Markets 82
5 The Catalysts for Commercial Real Estate Development 95
5.1 Introduction 95
5.2 Based on the Spatial Growth of the City 95
5.2.1 Regulatory-driven Potential Growth Corridors 95
5.2.2 Market-driven Potential Growth Corridors 100
5.3 Based on Infrastructure Development 101
6 Envisioning the Future of Commercial Real Estate Development 105
6.1 Supply Potential of the Existing Micro Markets 105
6.2 Changing Trends with the Spatial Growth Pattern 109
6.3 Infrastructure Investments Influenced Growth Directions 117
6.4 Proposal of a Model Project at Ognaj 120
7 Conclusion 125
7.1 Establishing the future potential of Commercial Real Estate 125
7.2 Contribution of the Research 127
References xv
Appendix 1: Interviews and Survey xix
Appendix 2: News Paper Articles xx
Appendix 3: Micro Market Data (GujRERA) xxii
Appendix 4: Questionnaire xxiii
Appendix 5: Infrastructure Projects xxiv