Ahmedabad
The real estate market in CTM presents a clear picture of localized pricing dynamics, with residential apartments currently averaging ₹3,600 per sq ft. While the market has seen a moderate downward trend in apartment values, the diversity in property types allows for varied investment strategies, ranging from accessible apartment living to premium villa options. Rental demand in the surrounding Ahmedabad region remains steady, with key hubs like Vaishnodevi Circle and Paldi maintaining competitive rental rates of ₹50 per sq ft. This stability in the rental market complements the capital value trends, providing a balanced outlook for those looking to enter the property market.
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 prices in the vicinity of CTM show significant variation across different neighbourhoods. For instance, Vaishnodevi Circle commands a higher average asking price of ₹5,550 per sq ft, having appreciated by 0.32% compared to the previous period. Conversely, areas like Narolgam and Vatva offer more accessible entry points at ₹2,750 per sq ft and ₹2,800 per sq ft, respectively, with Narolgam showing an appreciation of 8.83% and Vatva rising by 6.54% over their respective comparison periods.
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. Regarding recent trends, villa prices have depreciated by 0.66% compared to the previous period, and apartment prices have seen a depreciation of 9.07% over the same timeframe, reflecting a softening in the broader residential segment.
The micromarket rate in CTM has shown a fluctuating trajectory in recent quarters. Data indicates the rate was ₹3,900 per sq ft in September 2025, increased to ₹4,100 per sq ft in December 2025, and reached ₹4,250 per sq ft by March 2026. While the data for June 2026 shows a stabilization, these preceding quarters reflect a period of active price movement that potential buyers should consider when evaluating market entry.
Rental rates in the broader region surrounding CTM are currently consistent across several key localities. Vaishnodevi Circle and Ambawadi both report an average rental rate of ₹50 per sq ft as of June 2026, with both areas maintaining stable pricing at 0% change. Meanwhile, Paldi also reports an average rental rate of ₹50 per sq ft, though this represents a depreciation of 7.69% compared to the previous period, suggesting a slight softening in rental demand for that specific locality.
