Ahmedabad
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.
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.
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.
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.
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.
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.
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.
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.
