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New Delhi: Ahmedabad will be hosting the 2030 Commonwealth Games. CWG is not just a sporting event, but it has the potential to open the doors for huge real estate investment, improved infrastructure and business opportunities for the city in the coming years. Big international events change the fortunes of any city. New roads, new sports complexes, expansion of hotels and a sharp increase in investor interest are part of this. In such a situation, it will be interesting to know which sectors and companies will get the most benefit from this big event.
The history of the Commonwealth Games shows that a huge amount of money is spent on such events and the appearance of the city changes completely. Expenses have increased steadily in previous games, from Manchester to Gold Coast, this budget has increased manifold. In Ahmedabad too, huge investment is expected in the upgradation of world-class stadiums, athletes' villages, highways and metro routes. This environment will create new opportunities for real estate developers and infra companies.
The real estate sector may seem to be getting the biggest benefit. New amenities, improved connectivity and airport-linked development can drive up both land prices and demand in Ahmedabad Gandhinagar exponentially. Developers whose projects already exist in the vicinity of stadiums, metro corridors or airports may increase their value faster. Prominent players of Ahmedabad like Arvind Smartspace, Godrej Properties, and Adani Realty can make a big profit from this potential growth story.
Due to the increase in the influx of international passengers during the games, the demand for airport expansion and commercial properties in the vicinity will also increase. Premium office space, hotels, retail and business complexes can be developed rapidly near the airport. This is expected to benefit Adani Airports and other airport development companies operating in that area.
The work of stadium construction, road and metro expansion, railway connectivity and hotel projects will increase on a large scale. This is why L&T, HCC, GMR and many local infra companies are likely to get new contracts. These companies have shown an excellent track record in big sporting events and government projects in the past, which can increase the interest of investors in their shares.
When a city hosts international sporting events, the demand in hotels increases manifold. With the arrival of sports teams, officials and tourists for a long time, the income of the hotel industry will increase and the possibility of launching new hotel projects will also be strengthened. In such a situation, ITC Hotels, Indian Hotels Company (IHCL) and other hospitality brands can get a lot of benefits.
Official schemes, project lists and tenders are yet to be issued by the state government and the organizing committee. As these announcements come out, the movement in the stocks and sectors of the respective companies in the market will increase further.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
