Property Rates in Ellisbridge, Ahmedabad 2026

Property price trends in Ellisbridge have shown a fluctuating trajectory over the last four quarters. As of March 2026, the location rate stands at ₹8,450 per sq ft, following a rise from ₹8,600 per sq ft in December 2025, ₹7,550 per sq ft in September 2025, and ₹6,600 per sq ft in June 2025. This volatility suggests that while the market has seen significant growth over the past year, it is currently undergoing a period of price adjustment.

In Ellisbridge, property prices vary by category as of March 2026. Office spaces are currently priced at an average of ₹8,450 per sq ft, marking a depreciation of 1.64% compared to the prior period. Conversely, apartments are priced at an average of ₹7,700 per sq ft, which has seen an appreciation of 7.09% over the same timeframe, signaling stronger demand or limited supply for residential units compared to commercial office spaces.

As of March 2026, ready-to-move properties in Ellisbridge are priced at ₹6,600 per sq ft, reflecting a depreciation of 9.13% compared to previous periods. In contrast, under-construction projects are priced at ₹6,550 per sq ft, which has experienced an appreciation of 14.36%. This narrowing gap between ready and under-construction rates suggests that investors and end-users are increasingly showing interest in newer, developing projects within the locality.

As of March 2026, the average rental rate in Ellisbridge is ₹60 per sq ft, which has seen a depreciation of 6.25% compared to the previous period. Despite this, the locality offers a robust rental yield of 8.52%. For investors, this high yield indicates that despite the recent dip in rental rates, the area remains a potentially lucrative option for generating consistent rental income relative to the capital invested in property.

As of March 2026, the rental market in Ellisbridge features 3 BHK apartments at an average monthly rent of ₹50,000. This data point provides a clear benchmark for tenants and landlords, helping them understand the current entry point for spacious residential living in the area.

Rental rates across neighbourhoods surrounding Ellisbridge are largely consistent at ₹50 per sq ft as of March 2026. While many areas like Vaishnodevi Circle, Ambawadi, and Vastrapur have maintained stable rental rates with 0% change, some regions have seen shifts; for instance, Satellite has appreciated by 14.29%, while Paldi and Navrangpura have seen depreciations of 7.69% and 4.76% respectively. This uniformity suggests a stable rental baseline for the broader region, with specific pockets experiencing localized demand fluctuations.

As of March 2026, several projects in Ellisbridge are prominent in the market, including Takshashila Air at ₹6,750 per sq ft, which has seen a depreciation of 19.92%. Other notable projects like Gautam Shantikrupa Residency and Kalpvruksh Shadows are both priced at ₹6,550 per sq ft, having appreciated by 14.36% each. These listings provide a snapshot of the current price positioning for buyers looking for residential options in the locality.

Buyers should use the Ellisbridge property rates data to identify price trajectories and compare property types before making a decision. By observing that office spaces are currently at ₹8,450 per sq ft (as of March 2026) while apartments are at ₹7,700 per sq ft, users can align their budget with their investment goals. Additionally, checking the status-wise pricing, such as the 14.36% appreciation in under-construction projects, helps in assessing whether to opt for immediate possession or long-term capital appreciation.