Property rates in Ellisbridge average ₹7,600 per sq ft. This central Ahmedabad locality maintains a stable pricing landscape, supported by a diverse range of ready-to-move and new-launch residential projects. Investors are noting consistent interest in apartment segments, while the area's rental yield of 3.00% highlights its utility for those seeking steady income. The market continues to balance luxury residential offerings with essential office space availability, catering to both homeowners and business professionals.
Insights for Ellisbridge, Ahmedabad Real Estate Market Overview
The real estate landscape in Ellisbridge presents a balanced environment for both residential and commercial interests. Recent market trends show a mix of price adjustments, with new launch projects seeing significant interest compared to ready-to-move inventory. Rental demand remains steady, with substantial monthly returns for 2 BHK and 3 BHK apartments, supported by a solid rental yield. Developers are actively shaping the local skyline with diverse project offerings that align with the evolving infrastructure of central Ahmedabad.
New launch projects are currently priced at an average of ₹7,350 per sq ft, reflecting a robust 12.72% increase.
Ready-to-move residential units provide stable entry points at an average of ₹6,650 per sq ft.
Apartment rentals for 2 BHK units average ₹28,200 per month, while 3 BHK units command ₹31,000 per month.
The office space segment remains a key component of the local economy, with average rates around ₹8,450 per sq ft.
Under construction projects currently trade at ₹6,750 per sq ft, demonstrating a 3.17% growth trend.
Market Strengths
Ellisbridge maintains a solid average property rate of ₹7,600 per sq ft, ensuring market stability.
High-end projects like Solace Rajharsh Celestial demonstrate strong appreciation with a 41.46% increase.
Diverse inventory allows for flexible investment, from ₹6,650 per sq ft ready-to-move units to premium new launches.
Rental returns for 2 BHK apartments are solid at ₹28,200 per month.
Strategic location in central Ahmedabad continues to drive interest from both residential and commercial buyers.
Market Challenges
Office space rates have experienced a -1.64% decline, suggesting a softening in commercial demand.
Apartment rates have seen a minor -1.84% adjustment, reflecting current market consolidation.
The average rental rate of ₹19 per sq ft indicates competitive pressure in the broader rental market.
Investment Opportunities
New launch residential projects show strong growth potential with a 12.72% increase in average rates.
Rental income potential remains attractive for 3 BHK apartments at an average of ₹31,000 per month.
The 3.00% rental yield offers a reliable income stream for property investors in the residential sector.
Under construction projects offer a value-entry point at ₹6,750 per sq ft with a 3.17% positive trend.
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
Ellisbridge has experienced fluctuating price trends over the recent quarters, 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 market has settled at a competitive ₹7,600 per sq ft. These adjustments reflect the ongoing absorption of new supply and shifting demand cycles within the central Ahmedabad property corridor.
Ellisbridge sits within a competitive neighborhood landscape, often compared to premium hubs like Navrangpura, which commands a higher average of ₹8,600 per sq ft. Meanwhile, nearby Ambawadi maintains a strong position at ₹8,000 per sq ft, showing a notable 10.89% increase. In contrast, more affordable options exist in Paldi and Vasna, which hover around ₹6,700 per sq ft and ₹5,700 per sq ft respectively, offering diverse entry points for varied budgets.
The Ellisbridge market caters to diverse buyer preferences across property categories. Commercial office spaces lead the premium segment at ₹8,450 per sq ft, showing a -1.64% trend. Residential apartments are priced at ₹7,600 per sq ft, experiencing a slight -1.84% adjustment, providing a balanced entry point for those seeking to reside in this central location.
The Ellisbridge market offers properties across various development stages, catering to different buyer timelines. Ready-to-move inventory, comprising 5 units, averages ₹6,650 per sq ft with a 1.03% increase, appealing to immediate occupancy seekers. Under construction projects present 2 opportunities at ₹6,750 per sq ft showing 3.17% growth, while 4 new launch projects are priced at ₹7,350 per sq ft, marking a 12.72% surge.
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 are commanding significant asking prices, reflecting their luxury positioning. Leading the segment, Solace Rajharsh Celestial is priced at ₹9,250 per sq ft with a 41.46% increase. Other notable projects such as Advance Le Jardin and Airaavat Divine 10 are priced at ₹6,750 per sq ft, providing more accessible options within the same central locality.
Rental Trends
Rental Trends and Average Rent in Ellisbridge, Ahmedabad
Residential rentals in Ellisbridge provide consistent returns, with 2 BHK apartments averaging ₹28,200 per month. Those looking for larger configurations can opt for 3 BHK apartments, which command an average monthly rent of ₹31,000. Rental rates across the broader area show consistent pricing, with many key localities like Ambawadi, Paldi, and Navrangpura all averaging ₹50 per sq ft. This uniformity suggests a stable rental market across neighboring hubs in Ahmedabad. The rental market for office spaces in Ellisbridge averages ₹50 per sq ft. This segment has seen a -10% change in rental rates, reflecting current adjustments in the commercial leasing landscape.
Residential rentals in Ellisbridge provide consistent returns, with 2 BHK apartments averaging ₹28,200 per month. Those looking for larger configurations can opt for 3 BHK apartments, which command an average monthly rent of ₹31,000.
Rental rates across the broader area show consistent pricing, with many key localities like Ambawadi, Paldi, and Navrangpura all averaging ₹50 per sq ft. This uniformity suggests a stable rental market across neighboring hubs in Ahmedabad.
The rental market for office spaces in Ellisbridge averages ₹50 per sq ft. This segment has seen a -10% change in rental rates, reflecting current adjustments in the commercial leasing landscape.
Frequently Asked Questions About Property Rates in Ellisbridge, Ahmedabad
What is the average asking price in Ellisbridge as of June 2026?
The average asking price in Ellisbridge is ₹7,600 per sq ft as of June 2026. This rate has remained stable, showing a 0% change compared to previous periods, which indicates a balanced market environment for buyers and sellers in this locality.
How have property prices in Ellisbridge trended recently?
Property prices in Ellisbridge have shown a mixed trajectory over the past year. While the average asking price in Ellisbridge stands at ₹7,600 per sq ft as of June 2026, the quarterly data shows fluctuations, with the micromarket rate reaching ₹8,300 per sq ft in June 2026, up from ₹7,750 per sq ft in March 2026.
How do property rates in Ellisbridge compare for different property types?
As of June 2026, office spaces in Ellisbridge command an average price of ₹8,450 per sq ft, having depreciated by 1.64% compared to the previous period. Meanwhile, apartments in Ellisbridge are priced at an average of ₹7,600 per sq ft, which reflects a depreciation of 1.84% over the same timeframe.
What is the price difference between ready-to-move and under-construction properties in Ellisbridge?
As of June 2026, ready-to-move properties in Ellisbridge are priced at ₹6,650 per sq ft, having appreciated by 1.03% from the previous period. In comparison, under-construction projects are currently priced at ₹6,750 per sq ft, showing a stronger appreciation of 3.17% over the same period, suggesting growing demand for newer inventory.
What is the average rental rate and rental yield in Ellisbridge?
The average rental rate in Ellisbridge is ₹19 per sq ft as of June 2026, which represents a significant depreciation of 68.33% compared to the previous period. The locality currently offers a rental yield of 3.00%, a key metric for investors to evaluate the potential annual income relative to the capital investment required for property ownership.
What are the typical monthly rents for 2 BHK and 3 BHK apartments in Ellisbridge?
As of June 2026, 2 BHK apartments in Ellisbridge command an average monthly rent of ₹28,200, while 3 BHK apartments are available at an average monthly rent of ₹31,000. These figures provide a clear benchmark for tenants looking to lease in the area and for landlords assessing the income potential of their residential assets.
How do rental rates vary across neighbourhoods near Ellisbridge?
Rental rates across neighbourhoods near Ellisbridge are quite uniform, with many areas like Ambawadi, Paldi, Navrangpura, and Satellite all reporting an average rental rate of ₹50 per sq ft as of June 2026. Notably, Jivraj Park has seen a significant rental appreciation of 223.08%, while areas like Vastrapur and Naranpura have experienced rental depreciation of 14.81% and 8.7% respectively, reflecting diverse demand dynamics in these surrounding zones.
Which are the top projects by listing rates in Ellisbridge?
As of June 2026, Solace Rajharsh Celestial stands out as a premium project in Ellisbridge with a listing rate of ₹9,250 per sq ft, having appreciated by 41.46% compared to the previous period. Other notable projects, such as Advance Le Jardin, Airaavat Divine 10, and Takshashila More Towers, are all listed at ₹6,750 per sq ft and have seen a consistent appreciation of 3.17% over the same timeframe.
How should investors interpret the property rate data for Ellisbridge?
Investors should use the June 2026 data for Ellisbridge to weigh the 3.00% rental yield against the current average asking price of ₹7,600 per sq ft. By comparing the appreciation rates of different property statuses—such as the 12.72% appreciation in new launch projects versus the 1.03% in ready-to-move units—investors can identify whether they prefer the immediate stability of completed assets or the higher growth potential of new developments.
