Property rates in Ellisbridge average ₹8,450 per sq ft. This central Ahmedabad hub remains a premium choice for investors and residents alike. The market shows dynamic movement across property types, with office spaces and apartments forming the core of local demand. Notably, the area maintains a robust rental yield of 8.52%, supported by steady interest in both residential and commercial sectors, making it a reliable destination for property value appreciation in Ahmedabad.
Insights for Ellisbridge, Ahmedabad Real Estate Market Overview
The real estate landscape in Ellisbridge is defined by its premium pricing and diverse development profile. Current market data shows a strong demand for both office spaces and residential apartments, balancing established ready-to-move projects with newer construction opportunities. Rental demand remains consistent, providing attractive yields for property owners across various unit configurations. The locality continues to outperform several surrounding areas, solidifying its status as a high-value investment zone in the city.
Office spaces in Ellisbridge currently command an average of ₹8,450 per sq ft.
The residential rental market offers a competitive yield of 8.52% for investors.
New launch and under-construction projects are currently priced at an accessible ₹6,550 per sq ft.
Rental rates for 3 BHK apartments average ₹39,850 per month, reflecting strong demand for larger living spaces.
Market Strengths
High average property rate of ₹8,450 per sq ft confirms the locality's status as a prime real estate destination.
Strong rental yield of 8.52% provides a reliable return on investment for residential landlords.
Diverse inventory ranging from new launches to established ready-to-move units caters to all buyer segments.
Consistent demand for large 3 BHK apartments supports stable rental income for luxury unit owners.
Strategic location within Ahmedabad ensures long-term value retention for property investors.
Market Challenges
The office space segment experienced a -13.33% change in rental rates, suggesting a cooling in commercial leasing demand.
Ready-to-move projects saw a price adjustment of -9.12%, reflecting shifts in demand for immediate occupancy units.
Apartments in the area recorded a -1.84% change in average price, indicating a slight softening in capital values.
Investment Opportunities
Capitalize on a high rental yield of 8.52% which indicates strong income potential for property owners.
Target 3 BHK apartments which command a monthly rent of ₹39,850, ideal for high-end rental income.
Consider under-construction projects priced at ₹6,550 per sq ft, offering lower entry points for long-term appreciation.
Focus on office spaces at ₹8,450 per sq ft to leverage the commercial prominence of the Ellisbridge area.
Top Localities in Ellisbridge, Ahmedabad
Gulbai Tekra
Avg Price₹ 7,700 /Sq.Ft.
LISTINGS
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Price Trend
Ellisbridge, Ahmedabad Property Price Trends and Appreciation
Property rates in Ellisbridge have shown notable fluctuations over the past year. After reaching ₹7,200 per sq ft in September 2025, the market saw an increase to ₹7,700 per sq ft by December 2025. By June 2026, the rate adjusted to ₹7,600 per sq ft, reflecting the ongoing shifts in local demand.
Ellisbridge remains a premium hub compared to surrounding localities in Ahmedabad. While Navrangpura commands a strong ₹8,350 per sq ft and Vastrapur averages ₹8,650 per sq ft, Ellisbridge holds its own at ₹8,450 per sq ft. In contrast, areas like Paldi and Ambawadi offer more entry-level pricing at ₹7,000 and ₹7,200 per sq ft respectively, providing diverse options for investors at different price points.
The Ellisbridge market caters to distinct needs across its commercial and residential segments. Office spaces lead the premium category, averaging ₹8,450 per sq ft, while residential apartments are priced at ₹7,600 per sq ft. These segments represent the primary focus for buyers looking for space in this central Ahmedabad locality.
Ellisbridge offers a balanced supply of properties at various construction stages to suit buyer timelines. Ready-to-move projects are available at an average of ₹6,600 per sq ft, while new launches and under-construction developments are priced at ₹6,550 per sq ft. This variety allows investors to choose between immediate occupancy and long-term capital growth.
Project & Developer Insights
Top Residential Projects and Developers in Ellisbridge
Top Projectsin Ellisbridge
Godrej Altus is the top project in Ellisbridge with prices from ₹ 4.50 Cr to 7.00 Cr.
Premium residential developments in Ellisbridge set a high standard for luxury living in the area. Takshashila Air is currently priced at ₹6,750 per sq ft, while projects like Ratnaraj The Ten, Gautam Shantikrupa Residency, and Arihant Chintamani Aaradhya maintain a consistent benchmark of ₹6,550 per sq ft. These top-tier projects represent the most desirable residential options in the locality.
Rental Trends
Rental Trends and Average Rent in Ellisbridge, Ahmedabad
Residential rentals in Ellisbridge cater to different family sizes, with 2 BHK apartments averaging ₹28,200 per month. Those seeking larger spaces can opt for 3 BHK apartments, which command an average monthly rent of ₹39,850. Rental rates across the vicinity are quite competitive, with many sub-locations like Ambawadi, Paldi, and Navrangpura averaging ₹50 per sq ft. Notably, Jivraj Park has seen a significant rental surge of 115.38%, marking it as an emerging high-demand area. The commercial rental market in Ellisbridge shows a current average rate of ₹50 per sq ft for office spaces. This segment has experienced a change of -13.33% over the past year, reflecting current leasing dynamics.
Residential rentals in Ellisbridge cater to different family sizes, with 2 BHK apartments averaging ₹28,200 per month. Those seeking larger spaces can opt for 3 BHK apartments, which command an average monthly rent of ₹39,850.
Rental rates across the vicinity are quite competitive, with many sub-locations like Ambawadi, Paldi, and Navrangpura averaging ₹50 per sq ft. Notably, Jivraj Park has seen a significant rental surge of 115.38%, marking it as an emerging high-demand area.
The commercial rental market in Ellisbridge shows a current average rate of ₹50 per sq ft for office spaces. This segment has experienced a change of -13.33% over the past year, reflecting current leasing dynamics.
Frequently Asked Questions About Property Rates in Ellisbridge, Ahmedabad
What is the current average asking price in Ellisbridge as of June 2026?
As of June 2026, the average asking price in Ellisbridge stands at ₹8,450 per sq ft. This figure reflects a depreciation of 1.64% compared to the previous period, indicating a slight softening in the market for office spaces in this area. Understanding this trend is essential for investors and businesses evaluating entry points in the Ellisbridge commercial real estate market.
How have property rates in Ellisbridge trended over the last few quarters?
Property rates in Ellisbridge have shown a mixed trajectory leading up to June 2026. Data from the micromarket indicates a rate of ₹8,000 per sq ft in June 2026, compared to ₹7,750 per sq ft in March 2026, ₹7,100 per sq ft in December 2025, and ₹7,600 per sq ft in September 2025. This fluctuation suggests that while the market experienced a dip in late 2025, there has been a recent recovery in micromarket pricing, providing a dynamic landscape for potential buyers.
How do property rates compare between office spaces and apartments in Ellisbridge?
As of June 2026, office spaces in Ellisbridge command an average asking price of ₹8,450 per sq ft, which has depreciated by 1.64% over the observed period. In contrast, apartments are priced at an average of ₹7,600 per sq ft, reflecting a depreciation of 1.84% during the same timeframe. These figures help investors distinguish between the premium commanded by commercial assets and the more accessible entry point for residential apartments in the locality.
What is the difference in pricing between ready-to-move and under-construction properties in Ellisbridge?
As of June 2026, ready-to-move properties in Ellisbridge are priced at an average of ₹6,600 per sq ft, which has seen a depreciation of 9.12% compared to the previous period. Meanwhile, under-construction projects are currently averaging ₹6,550 per sq ft, having appreciated significantly by 14.12% over the same period. This trend suggests that while ready-to-move inventory is undergoing a price correction, under-construction projects are gaining value, likely due to newer supply or shifting demand dynamics.
What rental yield can investors expect in Ellisbridge as of June 2026?
Investors in Ellisbridge can expect a rental yield of 8.52% as of June 2026. This yield is a critical metric for those looking to balance capital appreciation with consistent rental income. With an average rental rate of ₹60 per sq ft, which has depreciated by 6.25% over the observed period, the high yield highlights the potential for income generation despite the recent adjustment in rental pricing.
What are the typical monthly rental rates for residential apartments in Ellisbridge?
As of June 2026, residential rental rates in Ellisbridge vary by unit size, with 2 BHK apartments averaging ₹28,200 per month and 3 BHK apartments averaging ₹39,850 per month. These figures provide a clear benchmark for tenants and landlords, helping to align expectations based on the specific space requirements and the current rental market conditions in the locality.
How do rental rates for office spaces in Ellisbridge compare to other nearby areas?
Office spaces in Ellisbridge currently command an average rental rate of ₹50 per sq ft as of June 2026, reflecting a depreciation of 13.33% from the previous period. When compared to surrounding neighbourhoods, many areas such as Ambawadi, Paldi, and Navrangpura also show an average rental rate of ₹50 per sq ft. This consistency across neighbouring micromarkets suggests a stabilized rental environment for commercial office spaces in this part of Ahmedabad.
How should a buyer interpret the price change percentages provided for Ellisbridge projects?
Price change percentages, such as the 14.12% appreciation seen in Gautam Shantikrupa Residency or the 27.22% depreciation observed in Advance Le Jardin as of June 2026, serve as indicators of project-specific demand and market positioning. A positive percentage suggests strong buyer interest or project maturity, while a negative percentage may reflect a market correction or changes in developer inventory pricing. Buyers should use these figures to gauge the historical performance of a project relative to the broader Ellisbridge market trends.
Which residential projects in Ellisbridge are currently among the most prominent by listing rates?
As of June 2026, several projects in Ellisbridge are notable for their listing rates, including Takshashila Air at ₹6,750 per sq ft and Ratnaraj The Ten at ₹6,550 per sq ft. Other significant projects include Gautam Shantikrupa Residency and Shayona Land Corporation Tilak IV, both also listed at ₹6,550 per sq ft. These projects represent a range of price points that prospective buyers can use to compare value within the locality.
How does the rental rate in Paldi compare to other areas near Ellisbridge?
As of June 2026, the average rental rate in Paldi is ₹50 per sq ft, which has appreciated by 25% compared to the previous period. This growth rate is notably higher than in many other nearby areas like Ambawadi, Vasna, or Satellite, where rental rates have remained stable at ₹50 per sq ft with 0% change. This makes Paldi a standout area for rental growth within the broader region.
