Ahmedabad
The real estate market in Ashram road maintains a stable footing, with current average property prices sitting at ₹7,250 per sq ft. Investors are increasingly drawn to the area due to a robust rental yield of 9.77%, which stands out as a key performance indicator for the region. While office spaces currently command significant attention, the residential segment offers a variety of options for buyers looking for long-term value. Market participants should note the shifting rental dynamics, particularly the 18% growth in rental rates, which underscores the area's increasing appeal to tenants.
As of June 2026, the average asking price in Ashram Road is ₹7,250 per sq ft. This rate has depreciated by 0.52% compared to the previous period, reflecting a slight market adjustment in the commercial sector which dominates this locality.
Property prices in Ashram Road have shown a mixed trajectory over the recent quarters. As of June 2026, the market is navigating a period of price stabilization, following a recorded rate of ₹7,250 per sq ft in March 2026 and ₹7,300 per sq ft in December 2025. Investors and buyers should note that this fluctuation is typical for established commercial hubs as they balance inventory supply with demand.
As of June 2026, office spaces in Ashram Road command an average asking price of ₹7,250 per sq ft, which has depreciated by 0.52% over the observed period. In contrast, apartments in the area are priced at an average of ₹6,350 per sq ft, having experienced a depreciation of 6.21% compared to the prior period. This pricing gap highlights the area's primary identity as a commercial corridor rather than a residential one.
As of June 2026, the average rental rate in Ashram Road stands at ₹59 per sq ft, which has appreciated significantly by 18% compared to the previous period. The area currently offers a rental yield of 9.77%, a strong indicator for investors seeking income-generating commercial assets, as this yield reflects the relationship between the capital investment and the rising rental demand in the locality.
Office spaces in Ashram Road are currently commanding an average rental rate of ₹50 per sq ft as of June 2026. This segment has seen a robust appreciation of 18% in rental values compared to the previous period, signaling strong demand for professional workspaces in this central business district despite the modest fluctuations in sale prices.
Property prices in Ashram Road, at ₹7,250 per sq ft, sit in the mid-to-high range when compared to surrounding areas. For instance, Vastrapur is currently priced higher at ₹8,650 per sq ft (which has appreciated by 3.66%), while areas like Naranpura at ₹6,700 per sq ft and Memnagar at ₹6,250 per sq ft offer more accessible entry points. These variations allow buyers to choose between the premium, central commercial environment of Ashram Road and the more residential-focused neighbouring markets.
Among the localities surrounding Ashram Road, Vasna has recorded the most notable growth, with prices appreciating by 18.14% to reach ₹6,100 per sq ft as of June 2026. Navrangpura also shows strong performance with a 9.58% appreciation, bringing its average rate to ₹8,350 per sq ft. These trends suggest that while Ashram Road remains a stable commercial anchor, surrounding residential pockets are experiencing varying levels of growth driven by local infrastructure and demand shifts.
The rental yield of 9.77% in Ashram Road as of June 2026 is a key metric for investors, indicating that the property market here is highly income-oriented. When paired with the 18% appreciation in rental rates, it suggests that the area is attracting consistent demand from businesses, making it a potentially lucrative location for those prioritizing steady cash flow over pure capital appreciation.
Rental rates in the vicinity of Ashram Road are relatively uniform, with many areas like Vaishnodevi Circle, Ambawadi, and Vastrapur holding at ₹50 per sq ft as of June 2026. However, Satellite stands out with an appreciation of 14.29%, while areas like Paldi and Nava Vadaj have seen rental depreciation of 7.69% and 8.7% respectively. This indicates that while the base rental rate is consistent across much of the region, specific pockets like Satellite are seeing higher demand growth.
