Property rates in Ellisbridge average ₹8,450 per sq ft. This central Ahmedabad location shows a dynamic pricing landscape, with office spaces commanding premium value. Recent market activity highlights a healthy rental yield of 8.52%, supported by a variety of residential apartment options. Investors and homebuyers alike are finding diverse opportunities in this well-connected area, where established projects and ongoing development continue to shape the local real estate profile.
Insights for Ellisbridge, Ahmedabad Real Estate Market Overview
The Ellisbridge real estate market maintains its status as a key commercial and residential hub in Ahmedabad, characterized by consistent demand for both office spaces and apartments. Price trends show steady movement, with average rates for office spaces hovering around ₹8,450 per sq ft. The rental market is particularly active, offering a robust rental yield of 8.52% that appeals to long-term investors. Development activity remains varied, with several projects at different stages of construction, providing potential buyers with options ranging from ready-to-move units to new launches.
Office spaces in Ellisbridge are priced at an average of ₹8,450 per sq ft.
The residential rental market offers a strong yield of 8.52% for property owners.
New launch and under-construction projects are currently priced at an average of ₹6,550 per sq ft.
3 BHK apartments in the area command an average monthly rent of ₹39,850.
Rental rates for office spaces currently average ₹50 per sq ft.
Market Strengths
A strong rental yield of 8.52% makes the area highly attractive for buy-to-let investors.
Diverse property supply includes ready-to-move, under-construction, and new-launch projects.
Strategic location in Ahmedabad ensures consistent demand for both residential and commercial assets.
Positive price trends in key projects like Swara Samanvay show healthy capital appreciation.
Competitive entry points for new-launch projects at ₹6,550 per sq ft.
Market Challenges
Office space rental rates have seen a decline of -13.33% over the past year.
Ready-to-move property prices experienced a downward shift of -9.12% recently.
The overall average rental rate for office spaces has been impacted by a -6.25% change in the broader market.
Investment Opportunities
The 8.52% rental yield presents a compelling case for investors looking to maximize recurring income in central Ahmedabad.
Under-construction projects at ₹6,550 per sq ft offer a lower entry price compared to the overall market average.
3 BHK apartments demonstrate steady rental demand with an average monthly return of ₹39,850.
Ellisbridge, Ahmedabad Property Price Trends and Appreciation
Property rates in Ellisbridge have shown consistent movement over the recent quarters. By June 2026, the location rate reached 7,600, following a period where it peaked at 7,700 in December 2025. These fluctuations reflect the adaptive nature of the local market as it responds to shifting buyer demand.
Ellisbridge is surrounded by a diverse set of localities that offer varying price points for residents and investors. Navrangpura leads the nearby markets with an average rate of ₹8,350 per sq ft, reflecting a significant growth of 9.58%. In contrast, areas like Paldi and Ambawadi offer more accessible entry points at ₹7,000 and ₹7,200 per sq ft respectively, providing options for those seeking value within central Ahmedabad.
The Ellisbridge market caters to diverse buyer preferences across property categories. Office spaces lead the premium segment at ₹8,450 per sq ft, while residential apartments are available at an average of ₹7,600 per sq ft. These figures demonstrate the balance between commercial demand and residential living in the heart of the city.
The Ellisbridge market offers properties across various development stages to suit different buyer timelines. Ready-to-move projects, comprising 5 units, average ₹6,600 per sq ft, while under-construction and new-launch projects are available at a competitive ₹6,550 per sq ft. This supply mix allows buyers to choose between immediate occupancy and long-term investment potential.
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 high-value benchmark for the locality. Projects like Swara Samanvay and Kalpvruksh Shadows are priced at ₹6,550 per sq ft, showing positive growth trends of 13.88% and 14.12% respectively. Meanwhile, Takshashila Air maintains a presence at ₹6,750 per sq ft, highlighting the range of luxury and mid-segment options available to prospective buyers.
Rental Trends
Rental Trends and Average Rent in Ellisbridge, Ahmedabad
Residential rentals in Ellisbridge are segmented by unit size, with 3 BHK apartments averaging ₹39,850 per month. Those seeking more compact living spaces can opt for 2 BHK apartments, which command an average monthly rent of ₹28,200. Rental rates across the surrounding areas remain consistent, with most localities like Ambawadi, Paldi, and Satellite averaging ₹50 per sq ft. Notably, Paldi has seen a significant rental increase of 25%, while Jivraj Park recorded a substantial growth of 115.38%. The rental market for office spaces in Ellisbridge currently averages ₹50 per sq ft. This segment has experienced a change of -13.33% over the recent period, reflecting current commercial lease dynamics in the area.
Residential rentals in Ellisbridge are segmented by unit size, with 3 BHK apartments averaging ₹39,850 per month. Those seeking more compact living spaces can opt for 2 BHK apartments, which command an average monthly rent of ₹28,200.
Rental rates across the surrounding areas remain consistent, with most localities like Ambawadi, Paldi, and Satellite averaging ₹50 per sq ft. Notably, Paldi has seen a significant rental increase of 25%, while Jivraj Park recorded a substantial growth of 115.38%.
The rental market for office spaces in Ellisbridge currently averages ₹50 per sq ft. This segment has experienced a change of -13.33% over the recent period, reflecting current commercial lease dynamics in the area.
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 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 local market for office spaces.
How have property prices in Ellisbridge trended recently?
The property price trend in Ellisbridge has shown a mixed trajectory over the last year. As of June 2026, the micromarket rate is ₹8,000 per sq ft, following a rise from ₹7,750 per sq ft in March 2026 and ₹7,100 per sq ft in December 2025. This upward movement in the micromarket rate suggests growing demand for space in the area despite the broader market fluctuations.
How do property rates in Ellisbridge compare for office spaces and apartments?
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. These rates provide a clear distinction for investors choosing between commercial and residential asset classes in the locality.
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 an average of ₹6,600 per sq ft, which represents a depreciation of 9.12% compared to the previous period. Conversely, under-construction projects are currently priced at ₹6,550 per sq ft, having appreciated by 14.12% over the same period. This indicates that while ready-to-move inventory has seen a price correction, under-construction projects are experiencing strong growth in valuation.
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% compared to the previous period. The locality currently offers a rental yield of 8.52%, which is a significant metric for investors, as it indicates the potential annual income relative to the property's capital value.
What are the typical rental rates for 2 BHK and 3 BHK apartments in Ellisbridge?
As of June 2026, the rental market in Ellisbridge features 2 BHK apartments at an average monthly rent of ₹28,200, while 3 BHK apartments command an average monthly rent of ₹39,850. These figures provide a useful benchmark for tenants and landlords looking to understand the current cost of living in the area based on unit size.
How do rental rates for office spaces in Ellisbridge compare to other areas?
As of June 2026, the average rental rate for office spaces in Ellisbridge is ₹50 per sq ft, reflecting a depreciation of 13.33% compared to the previous period. This rate is consistent with several nearby areas such as Ambawadi, Paldi, and Navrangpura, which also report an average rental rate of ₹50 per sq ft, though these areas show varying trends in their respective rental growth percentages.
Which projects in Ellisbridge have seen the highest price appreciation?
As of June 2026, several projects in Ellisbridge have shown notable growth, including Swara Samanvay, which is priced at ₹6,550 per sq ft and has appreciated by 13.88%. Other projects like Kalpvruksh Shadows and Gautam Shantikrupa Residency are also priced at ₹6,550 per sq ft, both showing a significant appreciation of 14.12% over the same period, signaling strong interest in these specific developments.
How should investors interpret the price depreciation in some Ellisbridge projects?
Investors should view price depreciation as a potential entry point or a sign of market correction. For instance, Advance Le Jardin, currently priced at ₹6,550 per sq ft as of June 2026, has seen a depreciation of 27.22%, while Takshashila Air, priced at ₹6,750 per sq ft, has depreciated by 19.92%. These adjustments often reflect changes in supply or market demand and should be weighed against the long-term growth potential of the specific project location.
How do property rates in Ellisbridge compare to nearby localities?
Property rates in Ellisbridge vary significantly when compared to surrounding areas as of June 2026. For instance, Vastrapur has an average rate of ₹8,650 per sq ft (appreciating by 3.66%), while Navrangpura is priced at ₹8,350 per sq ft (appreciating by 9.58%). These comparisons help buyers identify whether they are paying a premium or finding value relative to the broader Ahmedabad market.
