Property Rates in Ellisbridge, Ahmedabad 2026

Property prices in Ellisbridge have shown a mixed trajectory leading up to September 2026. While the location rate was recorded at ₹7,550 per sq ft in September 2026, it saw a slight dip from ₹7,600 per sq ft in June 2026. This recent movement indicates a period of price consolidation, which can be a favorable window for end-users looking to enter the market without the pressure of rapid, unsustainable price appreciation.

Property rates in Ellisbridge, currently at ₹7,550 per sq ft, sit in the mid-to-high range compared to surrounding areas. For instance, Navrangpura commands a higher average asking price of ₹8,700 per sq ft (which appreciated by 0.86%), while areas like Vaishnodevi Circle offer more accessible entry points at ₹5,550 per sq ft, despite a depreciation of 0.77%. This comparison highlights Ellisbridge's position as a centrally located, premium-leaning locality within the broader Ahmedabad market.

As of September 2026, ready-to-move properties in Ellisbridge are priced at an average of ₹6,800 per sq ft, having appreciated by 1.9% compared to the previous period. In contrast, under-construction projects are currently averaging ₹6,900 per sq ft, showing a stronger appreciation of 2.06%. The narrow price gap between these two categories suggests that buyers are willing to pay a premium for newer supply, reflecting sustained demand for modern residential developments in the area.

The rental market in Ellisbridge is showing positive momentum, with the average rental rate reaching ₹21 per sq ft as of September 2026, marking a significant appreciation of 10.53% over the comparison period. With a rental yield of 3.34%, the locality presents a stable income-generating opportunity for investors. This yield, when viewed alongside the current sale price of ₹7,550 per sq ft, provides a clear benchmark for evaluating the long-term return on investment for residential assets in the area.

As of September 2026, the rental market in Ellisbridge offers varied options for tenants, with 2 BHK apartments averaging ₹28,850 per month and 3 BHK apartments averaging ₹40,100 per month. These rates cater to different tenant profiles, from small families to larger households. The availability of these configurations allows investors to target specific rental segments, with the higher rent for 3 BHK units reflecting the premium associated with larger living spaces in this central locality.

As of September 2026, both apartments and office spaces in Ellisbridge command an average rental rate of ₹50 per sq ft. However, the performance trends differ significantly; apartment rentals have appreciated by 10.53%, whereas office space rentals have seen a depreciation of 7.41%. This divergence suggests that while both asset classes are priced similarly, the residential rental market is currently experiencing stronger demand growth compared to the commercial sector.

Solace Rajharsh Celestial leads the premium segment in Ellisbridge with a current listing rate of ₹9,250 per sq ft, a rate that has remained stable with 0% change. Other notable projects, such as Ratnaraj The Ten, Takshashila More Towers, and Airaavat Divine 10, are all listed at ₹6,900 per sq ft. These projects have seen an appreciation of 2.56% compared to the previous period, signaling that these specific developments are attracting increased interest from buyers looking for quality residential options.

Buyers should use the provided data as a baseline to understand market health and project-level positioning as of September 2026. By comparing the average asking price of ₹7,550 per sq ft against specific project rates like Solace Rajharsh Celestial (₹9,250 per sq ft), buyers can determine if a property is priced at a premium or offers value. Additionally, tracking the appreciation trends—such as the 2.06% increase in under-construction projects—helps in gauging whether the market is currently favoring sellers or offering entry-level opportunities.