Ahmedabad
The real estate landscape in Ashram road is currently defined by a robust recovery and steady price appreciation. Recent quarterly data confirms a positive trajectory, with rates moving from ₹7,250 per sq ft in early 2026 to the current average of ₹8,250 per sq ft. Office spaces continue to drive the market, showing strong growth and high demand for central business locations. Residential segments are also evolving, providing a mix of options for potential buyers and investors looking for long-term stability. The rental market remains equally active, with a uniform baseline of ₹50 per sq ft across several surrounding localities, ensuring consistent yields for property owners.
As of June 2026, the average asking price in Ashram Road stands at ₹8,250 per sq ft. This figure reflects a significant appreciation of 13.37% compared to previous periods, indicating strong demand for commercial assets in this prime location.
Property rates in Ashram Road have shown a notable upward trajectory in the most recent quarter, reaching ₹8,250 per sq ft as of June 2026. This is an increase from the ₹7,250 per sq ft recorded in March 2026, suggesting a period of sustained growth and heightened market activity for office spaces in the area.
As of June 2026, office spaces in Ashram Road command an average asking price of ₹8,250 per sq ft, which has appreciated by 13.37%. In contrast, apartments in the locality are priced at an average of ₹6,350 per sq ft, having experienced a depreciation of 6.21% over the same period, highlighting a clear divergence in demand between commercial and residential segments.
Rental rates across neighbourhoods near Ashram Road are consistently observed at ₹50 per sq ft as of June 2026, though their growth trajectories differ significantly. For instance, Jivraj Park has seen a substantial rental appreciation of 223.08%, while areas like Vastrapur and Naranpura have faced rental depreciations of 14.81% and 8.7% respectively, reflecting localized shifts in tenant demand.
Office spaces in Ashram Road currently command an average rental rate of ₹50 per sq ft as of June 2026. This rate has seen a robust appreciation of 18% compared to previous periods, signaling strong interest from businesses looking to establish a presence in this central commercial hub.
Residential property rates in nearby areas show a wide range of values as of June 2026. Navrangpura leads the nearby localities with an average asking price of ₹8,600 per sq ft (appreciating by 2.86%), followed by Vastrapur at ₹8,200 per sq ft (which saw a depreciation of 5.31%). Meanwhile, more affordable options are available in areas like Nava Vadaj at ₹5,400 per sq ft and Vasna at ₹5,700 per sq ft, the latter of which experienced a depreciation of 6.83%.
