Ahmedabad
The CTM real estate landscape is characterized by steady residential demand, with average asking prices holding at ₹3,600 per sq ft. Investors and homebuyers are navigating a market where property values remain consistent even as surrounding localities show varied growth trajectories. Rental activity in nearby regions like Paldi and Ellisbridge, both averaging ₹50 per sq ft, highlights the broader appeal of this corridor for tenants. This mix of residential affordability and connectivity supports long-term interest in the region.
As of June 2026, the average asking price in CTM stands at ₹3,600 per sq ft. This rate has remained stable with a 0% change, indicating a period of price equilibrium in the local residential apartment market.
Property rates in the CTM micromarket have shown a consistent upward trajectory throughout the last year. Starting from ₹3,900 per sq ft in September 2025, the rates climbed to ₹4,100 per sq ft in December 2025, reached ₹4,250 per sq ft in March 2026, and further increased to ₹4,550 per sq ft as of June 2026. This steady growth suggests sustained demand for residential properties in this area.
Property rates in CTM vary significantly when compared to surrounding areas in Ahmedabad. As of June 2026, Vaishnodevi Circle commands a higher average asking price of ₹5,600 per sq ft, which has appreciated by 0.49% compared to the previous period. Conversely, more affordable options are available in areas like Vatva and Narolgam, both currently priced at ₹2,850 per sq ft, with appreciation rates of 2.91% and 3.43% respectively. Other notable areas include Isanpur at ₹5,250 per sq ft (up 2.53%) and New Maninagar at ₹4,950 per sq ft (up 7.19%).
As of June 2026, villas in CTM are priced at an average of ₹5,550 per sq ft, while apartments are available at an average of ₹3,600 per sq ft. The apartment segment has seen a depreciation of 9.07% compared to the previous period, whereas the villa segment experienced a marginal depreciation of 0.66% over the same timeframe. These figures reflect the distinct premium associated with villa living compared to the more accessible apartment market in CTM.
Among the surrounding neighbourhoods, Hathijan has recorded the most significant growth, with its average asking price reaching ₹2,950 per sq ft as of June 2026, marking an appreciation of 8.24% compared to the previous period. New Maninagar follows with a 7.19% increase, bringing its average rate to ₹4,950 per sq ft. These trends highlight a growing investor and buyer interest in these specific pockets of Ahmedabad.
Yes, some nearby areas have seen a softening in property values as of June 2026. Vastral has recorded a depreciation of 3.09%, bringing its current average asking price to ₹3,700 per sq ft. Similarly, Odhav has seen a depreciation of 2.88%, with rates now at ₹3,400 per sq ft. Such price corrections can sometimes offer entry opportunities for value-seeking buyers in these localities.
Rental rates in the vicinity of CTM show varying levels of growth as of June 2026. Paldi has seen a significant rental increase, with rates rising to ₹50 per sq ft, representing a 25% appreciation compared to the previous period. Meanwhile, Ellisbridge has maintained stable rental rates at ₹50 per sq ft, showing 0% change over the same period. These figures provide a benchmark for landlords and tenants evaluating the rental potential of these specific Ahmedabad neighbourhoods.
Investors looking at the CTM region and its surroundings should note that while specific rental data for CTM itself is currently limited, nearby hubs like Paldi and Ellisbridge offer established rental benchmarks of ₹50 per sq ft. The 25% appreciation in Paldi suggests strong rental demand in that specific pocket, which may be useful for investors comparing potential income yields against the capital outlay required for property purchases in the broader Ahmedabad market.
