Ahmedabad
The property market in Ashram road maintains a distinct profile, with current asking prices for property averaging ₹7,250 per sq ft. Recent quarterly data highlights price fluctuations, with rates adjusting from a peak of ₹7,850 in September 2025 to the current level. The rental segment is particularly vibrant, boasting a strong rental yield of 9.77% and an average rental rate of ₹59 per sq ft. This combination of capital values and rental returns creates a unique landscape for both end-users and investors.
As of March 2026, the average asking price in Ashram Road is ₹7,250 per sq ft. This rate has depreciated by 0.52% compared to previous periods, reflecting a slight market correction in the commercial office space segment that dominates this locality.
Property price trends in Ashram Road have shown a mixed trajectory over the past year. As of March 2026, the location rate stands at ₹7,250 per sq ft, following a period of fluctuation where rates moved from ₹7,450 per sq ft in June 2025 to a peak of ₹7,850 per sq ft in September 2025, before settling at the current level. This volatility suggests that while demand remains present, buyers and investors should monitor quarterly shifts closely to time their entry into this commercial-heavy market.
In Ashram Road, office spaces command a higher average asking price of ₹7,250 per sq ft as of March 2026, which has seen a depreciation of 0.52%. In contrast, apartments are priced at an average of ₹6,350 per sq ft, having experienced a more significant depreciation of 6.21% over the same period. This pricing gap highlights the locality's primary identity as a commercial hub, which continues to influence property valuations across different asset classes.
As of March 2026, the average rental rate in Ashram Road is ₹59 per sq ft, which has appreciated by 18% compared to previous periods. The locality currently offers a robust rental yield of 9.77%, making it an attractive proposition for investors seeking regular income from commercial assets. This high yield, paired with the strong appreciation in rental rates, underscores the sustained demand for office space in this prime business corridor.
Office spaces in Ashram Road currently command an average rental rate of ₹50 per sq ft as of March 2026, which has seen an appreciation of 18%. When compared to nearby areas like Navrangpura, Naranpura, and Paldi, which also hover around the ₹50 per sq ft mark, Ashram Road stands out due to its specific commercial growth trajectory. While many surrounding micro-markets have seen rental depreciation—such as Paldi at -7.69% and Naranpura at -4.17%—Ashram Road's positive rental growth highlights its resilience as a central business district.
The rental yield of 9.77% in Ashram Road as of March 2026 serves as a key indicator of the locality's income-generating potential for commercial property owners. A yield at this level is generally considered strong for office spaces, suggesting that the rental income is well-aligned with the capital investment required for properties in this area. Investors should weigh this income potential against the current sale price of ₹7,250 per sq ft to determine if the asset aligns with their long-term financial goals.
Property rates in Ashram Road, currently at ₹7,250 per sq ft as of March 2026, sit in the mid-to-high range when compared to other Ahmedabad localities. For instance, while Vastrapur commands a higher average of ₹8,650 per sq ft with a 3.66% appreciation, and Navrangpura sits at ₹8,350 per sq ft with a 9.58% appreciation, Ashram Road remains more competitively priced than these premium residential-commercial hubs. Conversely, it is priced higher than areas like Memnagar at ₹6,250 per sq ft and Vasna at ₹6,100 per sq ft, reflecting its strategic importance as a central commercial artery.
The 6.21% depreciation in apartment prices in Ashram Road, observed as of March 2026, indicates a softening in the residential segment within this predominantly commercial locality. For prospective buyers, this price adjustment to ₹6,350 per sq ft may present a value-entry opportunity, especially if the goal is to leverage the locality's central connectivity. It is important for buyers to note that this trend reflects the broader market preference for commercial assets in this specific corridor over residential units.
