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Insights for Ashram road, Ahmedabad Real Estate Market Overview

Ashram Road continues to be a focal point for real estate activity in Ahmedabad, characterized by a dynamic mix of commercial office spaces and residential apartments. While property values have adjusted to market cycles, the area maintains a high rental yield that attracts professional investors seeking steady income streams. The commercial segment remains particularly active, bolstered by demand for office spaces that command premium rates compared to residential counterparts. Recent trends suggest a resilient market environment where strategic positioning remains key for long-term growth.

  • Office spaces lead the segment with an average price of ₹8,250 per sq ft, showing a robust growth of 13.37%.
  • Residential apartments are currently valued at an average of ₹6,350 per sq ft, despite a recent adjustment of -6.21%.
  • Rental markets are performing well with an average rental rate of ₹59 per sq ft, marking an 18% increase year-on-year.
  • The location enjoys a competitive rental yield of 9.77%, making it a standout choice for yield-focused property investors.

Market Strengths
  • High rental yield of 9.77% provides a strong foundation for long-term passive income generation.
  • Robust commercial growth with a 13.37% increase in office space values highlights the area's economic importance.
  • Significant 18% year-on-year growth in rental rates demonstrates high tenant demand.
  • Central location within Ahmedabad ensures sustained visibility and connectivity for businesses.
  • Diverse property mix allows investors to balance portfolios between stable residential units and high-growth commercial assets.
Market Challenges
  • Residential apartments have faced a -6.21% price correction, requiring investors to account for short-term valuation fluctuations.
  • High demand for commercial space has led to a competitive landscape that may limit entry for smaller-scale investors.
Investment Opportunities
  • Capitalize on the 9.77% rental yield, which remains one of the most attractive metrics for income-generating assets in the city.
  • Target commercial office spaces which have shown a significant 13.37% growth in value, outperforming other segments.
  • Leverage the 18% year-on-year increase in average rental rates to secure high-demand office leases.
  • Consider residential apartments currently priced at ₹6,350 per sq ft, offering a more accessible entry point compared to premium commercial assets.
Top Localities in Ashram road, Ahmedabad

Usmanpura

Avg Price ₹ 6,250 /Sq.Ft.
LISTINGS 2
Price Trend

Ashram road, Ahmedabad Property Price Trends and Appreciation

The price landscape in Ashram Road has experienced notable shifts over the past year. After reaching a peak of ₹8,250 per sq ft in June 2026, rates adjusted to ₹7,250 per sq ft by March 2026. This trajectory demonstrates the market's sensitivity to broader economic trends while maintaining a solid valuation floor for prime real estate assets.
Asking Price Trends
₹ 7,250/Sq.Ft -0.52 % QoQ
Sep 2025 — Jun 2026
Quarter City Rate
Jun 2026 8250
Mar 2026 7250
Dec 2025 7300
Sep 2025 7850
About Asking Price Trends
Ashram road Property Price Comparison
  • By Localities
  • By Property Type
Location Rate (₹/Sq.Ft) Change %
Navrangpura 8,350 9.6
Ellisbridge 8,450 -1.6
Vaishnodevi Circle 5,550 0.3
Ambawadi 7,200 -3.2
Naranpura 6,700 8.3
Paldi 7,000 -1.5
Memnagar 6,250 4.3
Vastrapur 8,650 3.7
Vasna 6,100 18.1
Gurukul 6,100 -11.9
Ashram Road exists within a dense network of high-value Ahmedabad neighborhoods. Nearby Navrangpura commands a premium at ₹8,350 per sq ft, reflecting a 9.58% growth, while Ellisbridge remains a stable commercial hub at ₹8,450 per sq ft. In contrast, residential options in areas like Naranpura and Memnagar offer entry points at ₹6,700 per sq ft and ₹6,250 per sq ft respectively, providing diverse options for varying budget levels.
Type Rate (₹/Sq.Ft) Change %
Office Space 8,250 13.4
Apartment 6,350 -6.2
Ashram Road's real estate market caters to diverse buyer preferences across property categories. Office spaces lead the premium segment at ₹8,250 per sq ft, experiencing a strong growth of 13.37%. Meanwhile, residential apartments are priced at ₹6,350 per sq ft, reflecting a -6.21% change in recent market activity.
Rental Trends

Rental Trends and Average Rent in Ashram road, Ahmedabad

Rental rates across the vicinity show varied performance, with Paldi seeing a significant 25% increase and Jivraj Park experiencing a substantial 115.38% surge. Conversely, locations like Naranpura and Vastrapur have seen rental rate adjustments of -8.7% and -11.11% respectively, reflecting localized demand shifts. Office spaces continue to dominate the rental market on Ashram Road, recording an average rental rate of ₹50 per sq ft and an 18% growth, signaling strong demand from the professional sector.
Ashram road Rent Comparison
  • By Location
  • By Property Type
Locality Rate (₹/Sq.Ft) Change %
Navrangpura 50 5
Ellisbridge 50 -
Ambawadi 50 -
Naranpura 50 -8.7
Paldi 50 25
Memnagar 50 4.8
Vastrapur 50 -11.1
Jivraj Park 50 115.4
Satellite 50 -
Vasna 50 -
Rental rates across the vicinity show varied performance, with Paldi seeing a significant 25% increase and Jivraj Park experiencing a substantial 115.38% surge. Conversely, locations like Naranpura and Vastrapur have seen rental rate adjustments of -8.7% and -11.11% respectively, reflecting localized demand shifts.
Property Type Rate (₹/Sq.Ft) Change %
Office Space 50 18
Office spaces continue to dominate the rental market on Ashram Road, recording an average rental rate of ₹50 per sq ft and an 18% growth, signaling strong demand from the professional sector.

Explore Property Rates in Top Cities

Avg. Asking Price ₹ 18,350 /Sq.Ft
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Govt Registration Rate ₹ 9,500 /Sq.Ft
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Avg. Asking Price ₹ 12,950 /Sq.Ft
Govt Registration Rate ₹ 8,750 /Sq.Ft
Avg. Asking Price ₹ 12,100 /Sq.Ft
Govt Registration Rate ₹ 5,950 /Sq.Ft
Avg. Asking Price ₹ 11,750 /Sq.Ft
Govt Registration Rate ₹ 9,150 /Sq.Ft
Avg. Asking Price ₹ 9,300 /Sq.Ft
Govt Registration Rate ₹ 3,800 /Sq.Ft
Avg. Asking Price ₹ 7,900 /Sq.Ft
Avg. Asking Price ₹ 6,700 /Sq.Ft
Govt Registration Rate ₹ 4,000 /Sq.Ft
Avg. Asking Price ₹ 6,400 /Sq.Ft

Micromarket-Wise Property Price Trends Around Ashram road, Ahmedabad

Avg. Asking Price ₹ 7,750 /Sq.Ft
Avg. Asking Price ₹ 6,600 /Sq.Ft
Avg. Asking Price ₹ 5,950 /Sq.Ft
Avg. Asking Price ₹ 5,350 /Sq.Ft
Avg. Asking Price ₹ 5,250 /Sq.Ft
Avg. Asking Price ₹ 4,250 /Sq.Ft
Avg. Asking Price ₹ 3,900 /Sq.Ft

More insights about Ashram road, Ahmedabad

FAQ

Frequently Asked Questions About Property Rates in Ashram road, Ahmedabad

What is the current average asking price in Ashram Road, Ahmedabad?

As of June 2026, the average asking price in Ashram Road is ₹7,250 per sq ft. This figure reflects a minor depreciation of 0.52% compared to the previous period. Ashram Road remains a key commercial hub, and while price movements have been marginal, the area continues to be a focal point for office space activity.

How have property price trends evolved in Ashram Road over the last year?

Property price trends in Ashram Road have shown a fluctuating trajectory throughout the recent quarters. As of June 2026, the location rate reached ₹8,250 per sq ft, up from ₹7,250 per sq ft in March 2026. Prior to this, the rate was ₹7,300 per sq ft in December 2025 and ₹7,850 per sq ft in September 2025. This volatility suggests a dynamic market where demand for prime commercial space is constantly recalibrating.

How do property rates compare between office spaces and apartments in Ashram Road?

In Ashram Road, office spaces command a higher premium compared to residential apartments as of June 2026. Office spaces are currently priced at an average of ₹8,250 per sq ft, having appreciated by 13.37% compared to the previous period. Conversely, apartments are priced at an average of ₹6,350 per sq ft, which represents a depreciation of 6.21% over the same timeframe, highlighting the locality's strong identity as a commercial business district.

What is the average rental rate and rental yield for properties in Ashram Road?

As of June 2026, the average rental rate in Ashram Road stands at ₹59 per sq ft, reflecting a significant appreciation of 18% compared to the previous period. The area currently offers a robust rental yield of 9.77%. This high yield is particularly attractive for investors, as it indicates strong income-generating potential relative to the capital investment required for commercial properties in this prime corridor.

How do rental rates for office spaces in Ashram Road compare to nearby localities?

Rental rates for office spaces in Ashram Road are currently averaging ₹50 per sq ft, which aligns with several surrounding neighbourhoods. While Ashram Road itself maintains a strong rental growth profile, areas like Jivraj Park have seen a substantial rental surge of 115.38% as of June 2026. Meanwhile, other established areas like Navrangpura, Ellisbridge, and Ambawadi also maintain an average rental rate of ₹50 per sq ft, showing a stable rental landscape across this part of Ahmedabad.

Which nearby localities in Ahmedabad show the highest price appreciation for residential properties?

Among the localities surrounding Ashram Road, Vasna has demonstrated the most significant growth, with residential property rates 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. Conversely, some areas like Gurukul have experienced a depreciation of 11.92%, indicating that price performance varies significantly depending on the specific micro-market dynamics.

How should investors interpret the rental yield and price trends in Ashram Road?

Investors looking at Ashram Road should note the combination of a high rental yield of 9.77% and the 18% appreciation in rental rates observed as of June 2026. This suggests that the area is increasingly favored for its income-generating capacity, particularly for office spaces. While sale prices for office spaces have also seen a healthy appreciation of 13.37%, the rental growth outperforming sale price growth signals a tightening supply of quality commercial assets, which is a positive indicator for long-term rental income stability.

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