Ahmedabad
The real estate landscape in Ashram road is defined by its strategic commercial significance and evolving residential offerings. Recent market fluctuations have seen prices recalibrate, offering entry points for investors looking for long-term value. With office space rentals showing an 18% annual growth, the location remains a hub for professional activity. Rental yields are particularly competitive, suggesting that property owners in this area benefit from consistent demand for high-quality spaces.
As of June 2026, the average asking price in Ashram Road stands at ₹7,250 per sq ft. This figure reflects a slight depreciation of 0.52% compared to the previous period, indicating a period of price adjustment within this commercial-focused corridor.
Property prices in Ashram Road have shown a dynamic trajectory, with the location rate reaching ₹8,250 per sq ft as of June 2026. Looking back at the quarterly data, the location rate moved from ₹7,850 per sq ft in September 2025 to ₹7,300 in December 2025, dipped to ₹7,250 in March 2026, and has since recovered to its current level, signaling resilient demand for commercial assets in the area.
As of June 2026, office spaces in Ashram Road command an average price of ₹8,250 per sq ft, having appreciated significantly by 13.37%. In contrast, apartments in the area are priced at an average of ₹6,350 per sq ft, which represents a depreciation of 6.21% over the same period, highlighting the strong preference for commercial real estate in this locality.
As of June 2026, the average rental rate in Ashram Road is ₹59 per sq ft, which has seen a notable appreciation of 18% compared to the previous period. The area currently offers a rental yield of 9.77%, a key metric for investors that suggests strong income-generating potential relative to the capital investment required for commercial properties in this prime location.
Office spaces in Ashram Road currently command an average rental rate of ₹50 per sq ft as of June 2026, reflecting an 18% appreciation in rental values. This growth underscores the sustained demand for professional workspaces in the locality, making it a competitive segment for landlords and investors looking for stable rental income.
Neighbourhoods surrounding Ashram Road exhibit varied pricing, with Vastrapur currently commanding a higher average rate of ₹8,650 per sq ft (up 3.66%) and Ellisbridge at ₹8,450 per sq ft (down 1.64%) as of June 2026. More affordable options are available in areas like Vasna at ₹6,100 per sq ft (which saw a significant 18.14% appreciation) and Memnagar at ₹6,250 per sq ft (up 4.25%), providing diverse entry points for different buyer profiles.
A rental yield of 9.77% as of June 2026 indicates that Ashram Road is a high-performing market for rental income, particularly for commercial office spaces. Investors typically view such yields as a sign of strong tenant demand and efficient asset utilization, which can help offset capital price fluctuations and provide a steady cash flow in a central business district.
Rental rates across the micromarkets near Ashram Road are largely consistent at ₹50 per sq ft as of June 2026, though growth trends vary significantly. For instance, Jivraj Park has experienced a sharp 115.38% appreciation in rental rates, while areas like Paldi have seen a 25% increase, and others like Vastrapur and Naranpura have seen depreciations of 11.11% and 8.7% respectively, reflecting localized shifts in rental demand.
