Ahmedabad
The property market on Ashram Road has experienced significant appreciation, with current rates reaching ₹8,350 per sq ft. This growth is supported by a robust rental market where office spaces command ₹50 per sq ft, reflecting a strong 18% year-on-year increase. Residential property values remain diverse, allowing for varied investment strategies across established neighborhoods. The area serves as a primary commercial hub, maintaining its status as a high-demand zone for business owners and residents alike.
As of Sep 2026, the average asking price in Ashram Road stands at ₹8,350 per sq ft. This figure reflects an appreciation of 1.53% compared to previous periods, indicating sustained demand for commercial property in this established business corridor.
The property price trend in Ashram Road has shown a consistent upward trajectory throughout 2026. Data from Sep 2026 indicates an average rate of ₹8,350 per sq ft, rising from ₹8,250 per sq ft in Jun 2026 and ₹7,250 per sq ft in Mar 2026. This steady growth suggests a resilient market environment for investors and commercial occupiers.
As of Sep 2026, property rates in Ashram Road vary significantly by segment. Office spaces are currently priced at an average of ₹8,350 per sq ft, which has appreciated by 1.53% 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.
Office spaces in Ashram Road currently command an average rental rate of ₹50 per sq ft, which has seen a notable appreciation of 18% as of Sep 2026. When comparing this to nearby localities, many areas such as Navrangpura, Ellisbridge, and Vastrapur also report an average rental rate of ₹50 per sq ft. While the rental price point is uniform across these neighbourhoods, the growth trajectories differ, with Vastrapur showing a 13.04% appreciation and Ellisbridge a 10.53% appreciation, whereas areas like Satellite have seen a depreciation of 20% compared to the previous period.
The rental market in the vicinity of Ashram Road shows a consistent benchmark of ₹50 per sq ft across several key neighbourhoods as of Sep 2026. Investors should note that while the rental rate is stable across these areas, the change percentages vary significantly, reflecting localized demand shifts. For instance, while rental rates in Naranpura have appreciated by 9.52%, areas like Jivraj Park have seen a depreciation of 33.33% and Ambawadi a depreciation of 8.33% compared to the previous period. This variance highlights the importance of selecting specific pockets for rental income stability.
Residential property rates in the neighbourhoods surrounding Ashram Road show a diverse pricing landscape as of Sep 2026. Navrangpura leads with an average asking price of ₹8,700 per sq ft, having appreciated by 0.86%, followed closely by Vastrapur at ₹8,150 per sq ft, which saw a slight depreciation of 0.2%. More affordable options are available in areas like Nava Vadaj and Vaishnodevi Circle, both at ₹5,550 per sq ft, though Nava Vadaj has shown strong growth with a 2.78% appreciation, while Vaishnodevi Circle experienced a 0.77% depreciation compared to the previous period.
Buyers should interpret the property rate data for Ashram Road by looking at both the current average asking price of ₹8,350 per sq ft as of Sep 2026 and the historical quarterly trends. The steady increase from ₹7,250 per sq ft in Mar 2026 to the current level indicates a strengthening market, particularly for commercial assets. By comparing these figures against neighbouring localities like Navrangpura or Ellisbridge, buyers can determine if their investment aligns with broader regional price movements and growth expectations.
