Property rates in Ellisbridge average ₹8,450 per sq ft. This central Ahmedabad locality maintains a robust real estate landscape, with office spaces commanding premium valuations. Investors find the rental market particularly attractive, characterized by a notable rental yield of 8.52%. While residential apartment segments show varied price adjustments, the area remains a prime choice for those seeking central connectivity and consistent long-term value in one of the city's most established business districts.
Insights for Ellisbridge, Ahmedabad Real Estate Market Overview
Ellisbridge serves as a vital anchor in Ahmedabad's property market, balancing significant commercial office activity with a steady residential apartment segment. The area has seen price fluctuations over recent quarters, reflecting a dynamic adjustment to shifting buyer demand and inventory availability. Rental market dynamics are particularly strong, as evidenced by high rental yields that attract buy-to-let investors looking for stable monthly returns. The supply pipeline includes a mix of ready-to-move and new launch projects, providing flexibility for different buyer timelines.
Office spaces in the locality are currently priced at an average of ₹8,450 per sq ft.
The residential apartment market reflects an average rate of ₹7,600 per sq ft.
Investors can leverage an impressive rental yield of 8.52% across the locality.
New launch residential projects are currently averaging ₹6,550 per sq ft, indicating competitive entry points.
Monthly rentals for 3 BHK apartments average ₹39,850, highlighting strong demand for spacious residential units.
Market Strengths
Maintains a high rental yield of 8.52%, signaling strong demand from the rental tenant base.
New launch projects show significant positive growth of 12.89%, indicating active development interest.
Offers a diverse residential range with 2 BHK and 3 BHK units attracting consistent monthly rental income.
Central location benefits from proximity to key commercial hubs like Navrangpura and Ashram Road.
Steady demand for residential apartments keeps the market liquid with a mix of ready and upcoming projects.
Market Challenges
Navigating the -1.64% price correction in office space valuations requires careful entry timing.
Ready-to-move apartment prices have faced a -9.12% adjustment, suggesting a need for thorough valuation of existing stock.
Rental rates for office spaces have seen a -13.33% change, requiring investors to focus on high-occupancy units.
Investment Opportunities
Capitalize on an 8.52% rental yield, which is among the highest for central residential and commercial hubs.
Target new launch residential projects priced at ₹6,550 per sq ft to benefit from potential capital appreciation.
Consider 3 BHK apartments for rent, as they command a stable monthly average of ₹39,850.
Explore office space investments in Ellisbridge, which maintain a premium average rate of ₹8,450 per sq ft.
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
The Ellisbridge market has navigated recent quarterly shifts, with rates moving from ₹7,200 per sq ft in September 2025 to a peak of ₹7,700 per sq ft by December 2025. As of June 2026, the location rate adjusted to ₹7,600 per sq ft. These trends illustrate the area's resilience and its ability to maintain value despite broader market fluctuations.
Ellisbridge shares a close proximity to several key Ahmedabad localities that influence its pricing ecosystem. Navrangpura stands out as a premium peer, averaging ₹8,350 per sq ft with a strong growth of 9.58%. Meanwhile, Ambawadi and Paldi offer more accessible residential options at ₹7,200 and ₹7,000 per sq ft respectively. These surrounding micro-markets provide a varied range of investment benchmarks for buyers comparing their options in the central zone.
Ellisbridge's real estate 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%. Residential apartments are priced at ₹7,600 per sq ft, reflecting a -1.84% change, which offers a more stable entry point for those targeting long-term residential growth.
The Ellisbridge market offers properties across various development stages, catering to different buyer timelines. Ready-to-move inventory, comprising 5 units, averages ₹6,600 per sq ft, appealing to those seeking immediate occupancy. Under-construction projects and new launches both present opportunities at ₹6,550 per sq ft, with new launches showing a positive growth of 12.89%.
Project & Developer Insights
Top Residential Projects and Developers in Ellisbridge
Top Projectsin Ellisbridge
Arvind Imperia is the top project in Ellisbridge with prices from ₹ 3.11 Cr to 4.30 Cr.
Premium residential developments in Ellisbridge set a distinct value benchmark for the locality. Projects like Takshashila Air are priced at ₹6,750 per sq ft, while a cluster of developments including Solace Rajharsh Celestial, Kalpvruksh Shadows, and Takshashila More Towers are consistently positioned at ₹6,550 per sq ft. These properties highlight the diverse options available for buyers seeking established brand names and modern infrastructure within the city center.
Rental Trends
Rental Trends and Average Rent in Ellisbridge, Ahmedabad
Residential rental demand is anchored by 2 BHK and 3 BHK apartments. Tenants can expect to pay an average of ₹28,200 per month for 2 BHK units, while larger 3 BHK apartments command an average monthly rent of ₹39,850. Rental rates across the vicinity remain consistent, with areas like Ambawadi, Paldi, and Navrangpura averaging ₹50 per sq ft. Jivraj Park has demonstrated notable growth with a 115.38% increase in rental performance, while other pockets like Vastrapur and Naranpura show minor downward adjustments in their rental averages. The office space rental market in Ellisbridge averages ₹50 per sq ft. This segment has experienced a change of -13.33% over the past year, reflecting adjustments in corporate leasing requirements within the central district.
Residential rental demand is anchored by 2 BHK and 3 BHK apartments. Tenants can expect to pay an average of ₹28,200 per month for 2 BHK units, while larger 3 BHK apartments command an average monthly rent of ₹39,850.
Rental rates across the vicinity remain consistent, with areas like Ambawadi, Paldi, and Navrangpura averaging ₹50 per sq ft. Jivraj Park has demonstrated notable growth with a 115.38% increase in rental performance, while other pockets like Vastrapur and Naranpura show minor downward adjustments in their rental averages.
The office space rental market in Ellisbridge averages ₹50 per sq ft. This segment has experienced a change of -13.33% over the past year, reflecting adjustments in corporate leasing requirements within the central district.
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 is ₹8,450 per sq ft. This rate has depreciated by 1.64% compared to the previous period, reflecting a slight adjustment in the local commercial property market.
How have property price trends in Ellisbridge evolved over the last year?
Property price trends in Ellisbridge have shown a fluctuating trajectory throughout the year, with the micromarket rate recorded at ₹8,000 per sq ft as of June 2026. Data indicates the micromarket rate moved from ₹7,600 per sq ft in September 2025 to ₹7,100 per sq ft in December 2025, rose to ₹7,750 per sq ft in March 2026, and reached ₹8,000 per sq ft by June 2026, suggesting a recent recovery in market sentiment.
How do property rates compare between office spaces and apartments in Ellisbridge?
As of June 2026, office spaces in Ellisbridge command an average 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, showing a depreciation of 1.84% during the same timeframe.
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 9.12% compared to the previous period. Meanwhile, under-construction projects are available at an average of ₹6,550 per sq ft, which has appreciated by 14.12% over the same period, indicating strong developer confidence and buyer interest in new inventory.
What is the average rental rate and rental yield in Ellisbridge?
As of June 2026, the average rental rate in Ellisbridge stands at ₹60 per sq ft, which has depreciated by 6.25% compared to the previous period. The locality offers a notable rental yield of 8.52%, which serves as a key indicator for investors evaluating the income-generating potential of their property assets relative to the current sale prices.
What are the typical monthly rental rates for 2 BHK and 3 BHK apartments in Ellisbridge?
As of June 2026, the average monthly rent for a 2 BHK apartment in Ellisbridge is ₹28,200, while a 3 BHK apartment commands an average monthly rent of ₹39,850. These figures provide a clear benchmark for tenants and landlords, reflecting the premium associated with larger living spaces in this 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, which has seen a depreciation of 13.33% as of June 2026. When compared to surrounding areas like Paldi or Navrangpura, which also feature rental rates around ₹50 per sq ft, Ellisbridge remains a competitive hub for commercial leasing despite the recent market adjustment.
Which residential areas near Ellisbridge show significant price appreciation?
Among the neighborhoods surrounding Ellisbridge, Vasna has shown the most significant growth, with an average rate of ₹6,100 per sq ft as of June 2026, representing an appreciation of 18.14% compared to the prior period. Navrangpura also remains a strong performer with an average rate of ₹8,350 per sq ft, having appreciated by 9.58% over the same timeframe.
How should investors interpret the rental yield data for Ellisbridge?
Investors can use the 8.52% rental yield recorded in June 2026 as a primary metric to assess the return on investment for residential properties in Ellisbridge. A yield of this level, when balanced against the current average asking price of ₹8,450 per sq ft for commercial or the lower entry points for residential units, helps in determining the long-term viability of rental income versus capital appreciation.
What should buyers know about the recent price movement of projects like Takshashila Air?
Takshashila Air in Ellisbridge is currently listed at an average rate of ₹6,750 per sq ft as of June 2026. This project has seen a depreciation of 19.92% compared to the previous period, which may present a strategic entry point for buyers looking for value within this specific project category.
