Property rates in Ellisbridge average ₹8,450 per sq ft. This central Ahmedabad location maintains a robust real estate profile, supported by a strong rental yield of 8.52%. The market features a diverse mix of residential and commercial properties, with newer launches and under-construction projects currently priced around ₹6,500 per sq ft to ₹6,550 per sq ft. Investors find steady interest in both apartment segments and office spaces, reflecting the area's ongoing commercial vitality.
Insights for Ellisbridge, Ahmedabad Real Estate Market Overview
The real estate market in Ellisbridge presents a dynamic landscape characterized by stable property values and significant interest in both residential and office segments. Recent trends indicate that while residential apartments are seeing positive growth, the office space sector maintains a competitive price point of ₹8,450 per sq ft. Rental activity remains a highlight, with an impressive yield of 8.52% drawing attention from income-focused investors. The supply pipeline includes various ready-to-move and new-launch projects, ensuring a steady stream of options for diverse buyer profiles. Development activity is spread across established and emerging project sites, reflecting the locality's enduring appeal in Ahmedabad.
Average residential apartment prices have grown by 7.09% to reach ₹7,700 per sq ft.
The rental market shows a healthy yield of 8.52%, with 3 BHK apartments averaging ₹50,000 per month.
New launch projects are currently priced at an accessible ₹6,500 per sq ft, offering entry opportunities.
Office spaces in the locality maintain a steady average rate of ₹8,450 per sq ft.
Under-construction projects have seen a notable price increase of 14.36%, signaling growing buyer confidence.
Market Strengths
Strong rental yield of 8.52% outperforms many surrounding micromarkets in Ahmedabad.
Residential apartment prices have demonstrated solid growth of 7.09% year-on-year.
New launch and under-construction projects are showing double-digit price growth, peaking at 14.36%.
The area maintains a high-value status with an overall average asking price of ₹8,450 per sq ft.
Diverse property mix ensures that both commercial and residential investors find suitable opportunities.
Market Challenges
Office space rates have seen a slight downward adjustment of -1.64%, reflecting broader market shifts in the commercial sector.
Ready-to-move inventory has experienced a price decline of -9.13%, which may impact short-term resale value expectations.
Average rental rates for office spaces have softened by -6.25% over the past year.
Investment Opportunities
High rental yield of 8.52% makes Ellisbridge an attractive destination for income-focused property investors.
The 3 BHK apartment segment offers a consistent rental income potential of ₹50,000 per month.
Under-construction projects show a significant 14.36% price appreciation, suggesting strong capital growth potential.
New launch projects at ₹6,500 per sq ft provide a competitive entry point for long-term residential investors.
Top Localities in Ellisbridge, Ahmedabad
Gulbai Tekra
Avg Price₹ 7,700 /Sq.Ft.
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Mithakhali
Avg Price₹ 6,450 /Sq.Ft.
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Price Trend
Ellisbridge, Ahmedabad Property Price Trends and Appreciation
Property rates in Ellisbridge have shown steady movement over recent quarters, settling at ₹8,450 per sq ft as of March 2026. This follows a slight fluctuation from ₹8,600 per sq ft in December 2025 and a base of ₹7,550 per sq ft in September 2025. Such trends indicate a resilient market that continues to adjust to demand and supply shifts within the Ahmedabad central region.
Ellisbridge sits within a competitive landscape of Ahmedabad neighborhoods. Nearby Navrangpura commands a strong ₹8,350 per sq ft, while Vastrapur remains at the higher end with an average of ₹8,650 per sq ft. In contrast, locations like Vasna and Paldi offer more accessible entry points at ₹6,100 per sq ft and ₹7,000 per sq ft respectively. This range allows buyers to choose between the premium central hubs and more budget-conscious surrounding areas.
The Ellisbridge market caters to diverse buyer preferences across property categories. Office spaces lead the premium segment at ₹8,450 per sq ft, experiencing a minor adjustment of -1.64%. Meanwhile, residential apartments are priced at ₹7,700 per sq ft, reflecting a healthy growth trend of 7.09%.
The Ellisbridge market offers properties across various development stages, catering to different buyer timelines. Ready-to-move inventory averages ₹6,600 per sq ft, while new launches and well-occupied units are priced consistently at ₹6,500 per sq ft. Under-construction projects present opportunities at ₹6,550 per sq ft, showing a robust growth of 14.36% and reflecting strong demand for future inventory.
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 high-value benchmarks for the locality. Kalpvruksh Shadows and Gautam Shantikrupa Residency both lead the segment at ₹6,550 per sq ft with a positive growth of 14.36%. Other notable projects like Airaavat Divine 10 and Takshashila More Towers are priced at ₹6,500 per sq ft, representing a solid investment choice for those seeking established residential addresses.
Rental Trends
Rental Trends and Average Rent in Ellisbridge, Ahmedabad
Residential demand for larger homes is strong, with 3 BHK apartments in Ellisbridge currently commanding an average monthly rent of ₹50,000. Rental rates across surrounding areas remain consistent, with most localities like Vaishnodevi Circle, Ambawadi, and Vasna averaging ₹50 per sq ft. Satellite has shown positive momentum with a 14.29% increase, while Paldi and Naranpura have seen slight adjustments in rental values. The rental market for office spaces in Ellisbridge averages ₹50 per sq ft, reflecting a yearly adjustment of -6.25% as the market aligns with current demand.
Rental rates across surrounding areas remain consistent, with most localities like Vaishnodevi Circle, Ambawadi, and Vasna averaging ₹50 per sq ft. Satellite has shown positive momentum with a 14.29% increase, while Paldi and Naranpura have seen slight adjustments in rental values.
The rental market for office spaces in Ellisbridge averages ₹50 per sq ft, reflecting a yearly adjustment of -6.25% as the market aligns with current demand.
Frequently Asked Questions About Property Rates in Ellisbridge, Ahmedabad
What is the current average asking price in Ellisbridge?
As of June 2026, the average asking price in Ellisbridge is ₹8,450 per sq ft. This rate has depreciated by 1.64% compared to the previous period, reflecting a minor market adjustment in the commercial office space sector within the locality.
How have property price trends in Ellisbridge evolved recently?
Property price trends in Ellisbridge have shown a fluctuating trajectory over the past few quarters. While the location rate reached ₹8,450 per sq ft as of March 2026, it previously stood at ₹8,600 per sq ft in December 2025 and ₹7,550 per sq ft in September 2025, indicating a non-linear movement that investors should monitor closely.
How do property rates in Ellisbridge compare across different property types?
As of June 2026, property rates in Ellisbridge vary by asset class, with office spaces averaging ₹8,450 per sq ft and apartments averaging ₹7,700 per sq ft. While office space rates have depreciated by 1.64% from the previous period, apartment rates have demonstrated strong growth, appreciating by 7.09%.
What is the price difference between ready-to-move and under-construction projects in Ellisbridge?
As of June 2026, ready-to-move projects in Ellisbridge are priced at an average of ₹6,600 per sq ft, having depreciated by 9.13% from the previous period. In contrast, under-construction projects are currently priced at ₹6,550 per sq ft, which represents a significant appreciation of 14.36% compared to the prior period, signaling rising developer confidence in new supply.
What is the average rental rate and rental yield in Ellisbridge?
As of June 2026, the average rental rate in Ellisbridge is ₹60 per sq ft, which has depreciated by 6.25% from the previous period. The locality currently offers a competitive rental yield of 8.52%, providing a strong income-generation signal for investors looking to balance capital appreciation with consistent rental returns.
What are the rental trends for different BHK configurations in Ellisbridge?
As of June 2026, the rental market for 3 BHK apartments in Ellisbridge is established at an average of ₹50,000 per month. This specific segment serves as a primary benchmark for residential tenants seeking spacious living options in the locality.
How do rental rates in Ellisbridge compare to nearby areas in Ahmedabad?
Rental rates in Ellisbridge currently average ₹60 per sq ft, while surrounding areas like Vaishnodevi Circle, Ambawadi, and Satellite maintain a consistent rental rate of ₹50 per sq ft as of June 2026. While many of these neighbouring areas have seen stable rental pricing, Satellite has bucked the trend with an appreciation of 14.29%, whereas areas like Paldi and Navrangpura have experienced rental depreciation of 7.69% and 4.76% respectively.
Which projects in Ellisbridge are currently prominent based on listing rates?
As of June 2026, several projects in Ellisbridge are active in the market, including Takshashila Air at ₹6,750 per sq ft and Kalpvruksh Shadows at ₹6,550 per sq ft. Other notable developments such as Gautam Shantikrupa Residency and Swara Samanvay are also listed at ₹6,550 per sq ft, with the latter showing a 13.74% appreciation compared to the previous period.
How should investors interpret the price movement in Ellisbridge?
Investors should note that while the overall average asking price in Ellisbridge is ₹8,450 per sq ft as of June 2026, the market is segmented. The 14.36% appreciation in under-construction projects compared to the previous period suggests a premium on new inventory, whereas the 9.13% depreciation in ready-to-move projects indicates a potential entry point for value-seeking buyers.
Is Ellisbridge a better market for commercial or residential property investment?
The suitability of Ellisbridge depends on the investment goal, as the market currently features office spaces at ₹8,450 per sq ft and apartments at ₹7,700 per sq ft as of June 2026. With office spaces seeing a 1.64% depreciation and apartments appreciating by 7.09% from the previous period, residential assets currently demonstrate stronger short-term growth momentum.
