Ahmedabad
The real estate landscape in CTM presents a balanced environment for both homeowners and investors, with average apartment prices settling at ₹3,600 per sq ft. Recent trends show a slight adjustment in pricing, allowing for potential entry opportunities as the region develops further. Rental activity in nearby hubs like Paldi and Ellisbridge remains robust, signaling steady demand for residential assets across Ahmedabad. The market continues to evolve, supported by a mix of established and emerging residential corridors.
As of June 2026, the average asking price in CTM is ₹3,600 per sq ft. This rate has remained stable with a change percentage of 0% compared to the previous period, indicating a period of price equilibrium in the local residential apartment market.
Property prices in the CTM micromarket have shown a consistent upward trajectory throughout the recent quarters. As of June 2026, the micromarket rate stands at ₹4,550 per sq ft, rising from ₹4,250 per sq ft in March 2026, ₹4,100 per sq ft in December 2025, and ₹3,900 per sq ft in September 2025. This steady growth suggests sustained demand and positive market sentiment within the area.
Property prices in CTM vary significantly when compared to surrounding areas in Ahmedabad. For instance, as of June 2026, Vaishnodevi Circle commands a higher average asking price of ₹5,550 per sq ft (which appreciated by 0.32% from the previous period), while areas like Narolgam and Vatva are more accessible at ₹2,750 per sq ft (appreciated by 8.83%) and ₹2,800 per sq ft (appreciated by 6.54%) respectively. Understanding these regional differences helps buyers identify value based on their specific budget and location preferences.
As of June 2026, villas in CTM are priced at an average of ₹5,550 per sq ft, which reflects a depreciation of 0.66% compared to the previous period. In contrast, apartments are available at an average asking price of ₹3,600 per sq ft, which has seen a depreciation of 9.07% over the same timeframe. This data highlights that villas in the region command a significant premium over apartment-style residential units.
Rental rates in the vicinity of CTM show varying levels of growth across different localities as of June 2026. Paldi has seen a significant rental appreciation of 25% compared to the previous period, with an average rental rate of ₹50 per sq ft. Meanwhile, both Ellisbridge and Ambawadi have maintained stable rental rates of ₹50 per sq ft, showing a 0% change in the same period, which suggests a consistent demand for rental properties in these established neighbourhoods.
The current price stability in CTM, where the average asking price is ₹3,600 per sq ft with a 0% change as of June 2026, typically indicates a balanced market where supply and demand are currently aligned. For prospective buyers, this stability can be advantageous as it allows for more predictable budget planning without the volatility of rapid price spikes. It is recommended to monitor these trends over a longer horizon to determine if this plateau precedes a new growth phase or a correction.
