Ahmedabad
The real estate market in Ashram road presents a mix of residential and commercial dynamics, with property values currently averaging ₹7,250 per sq ft. Investors are particularly drawn to the commercial sector, where office spaces command an average of ₹8,250 per sq ft, showing a robust growth of 13.37%. Meanwhile, the rental market is exceptionally active, yielding 9.77% and providing steady income streams for property owners. The area remains a central point of interest in Ahmedabad, balancing high-value commercial assets with residential apartments.
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, indicating a period of relative price stability in this commercial-heavy corridor.
Property prices in Ashram Road have shown a fluctuating trajectory, with the location rate rising to ₹8,250 per sq ft in June 2026 from ₹7,250 per sq ft in March 2026. This upward movement in the most recent quarter suggests a strengthening of demand for prime commercial spaces along this arterial road, following a period of consolidation observed in late 2025.
As of June 2026, office spaces in Ashram Road command a higher average price of ₹8,250 per sq ft, which has appreciated by 13.37% compared to the prior period. In contrast, apartments are priced at an average of ₹6,350 per sq ft, reflecting a depreciation of 6.21% over the same timeframe, highlighting the area's primary identity as a commercial business hub.
The average rental rate in Ashram Road is ₹59 per sq ft as of June 2026, marking a significant appreciation of 18% compared to the previous period. The area currently offers a robust rental yield of 9.77%, which is an attractive metric for commercial investors, signaling strong income-generating potential relative to the capital investment required for office assets in this locality.
Office spaces in Ashram Road currently command an average rental rate of ₹50 per sq ft, which has appreciated by 18% as of June 2026. This rate is consistent with several surrounding neighbourhoods like Navrangpura, Ellisbridge, and Ambawadi, which also report an average rental rate of ₹50 per sq ft, demonstrating a uniform rental landscape across this central business district.
Among areas surrounding Ashram Road, Vasna has shown the most significant growth, with an average rate of ₹6,100 per sq ft representing an appreciation of 18.14% as of June 2026. Conversely, Gurukul has experienced a notable market correction, with its average rate of ₹6,100 per sq ft reflecting a depreciation of 11.92% over the same period, suggesting varied investment performance across the broader Ahmedabad region.
A rental yield of 9.77% in Ashram Road, as of June 2026, indicates a high-performing rental market, particularly for commercial office spaces. Investors typically view such yields as a sign of strong demand from businesses looking for central locations, providing a healthy return on investment through monthly rental income alongside potential long-term capital appreciation.
