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Insights for Narol Road, Ahmedabad Real Estate Market Overview

The real estate landscape along Narol Road presents a unique balance of affordability and accessibility within the Ahmedabad property market. While property values in the immediate vicinity have experienced varying adjustments, the area remains a primary choice for those seeking budget-conscious residential units. Rental demand remains consistent across the wider region, with many established localities maintaining a steady rental rate of ₹50 per sq ft. Developers and residents alike continue to find value in this corridor, which serves as a vital link for the city's expanding residential footprint.

  • Narol Road maintains an average property rate of ₹2,400 per sq ft, positioning it as one of the most accessible locations in the city.
  • Surrounding areas like Isanpur have seen a notable 34.77% growth in property rates, suggesting strong regional momentum.
  • Rental rates across several key Ahmedabad localities, including Paldi and Jodhpur, are consistently valued at ₹50 per sq ft.
  • Jivraj Park has shown significant rental growth, recording a 115.38% increase in demand-driven pricing.
  • Vejalpur also reflects a strong upward trend in rental performance with a 59.09% increase in rates.

Market Strengths
  • The affordability of Narol Road at ₹2,400 per sq ft provides a low barrier to entry compared to the city average.
  • Rental stability is a hallmark of the wider market, with a standardized rate of ₹50 per sq ft observed across diverse areas like Vasna, Shyamal, and Jodhpur.
  • Isanpur displays robust market strength with a 34.77% increase in property rates, signaling high demand.
  • Vasna offers strong residential growth potential, evidenced by an 18.14% appreciation in average property rates.
  • Narolgam continues to perform well with an 8.83% increase in property values, maintaining positive momentum.
  • Vatva shows healthy growth in the residential sector with a 6.54% rise in average property rates.
Market Challenges
  • Narol Road has experienced a -13.42% correction in average property rates, which may impact short-term capital appreciation for new buyers.
  • Ghodasar has faced a -11.11% decline in rates, suggesting a cooling period for residential demand in that specific pocket.
  • Ambawadi has seen a -3.23% dip in average property values, reflecting a moderate softening in the premium residential segment.
  • The commercial segment in Ellisbridge has recorded a -1.64% decrease, indicating a slight adjustment in office space pricing.
Investment Opportunities
  • The consistent rental rate of ₹50 per sq ft across major localities like Paldi and Satellite indicates a stable income potential for rental property investors.
  • Jivraj Park presents a high-growth opportunity for rental income, having recorded a substantial 115.38% increase in rental rates.
  • Vejalpur serves as a strong candidate for rental investment, showing a 59.09% year-over-year increase in rental pricing.
  • Isanpur remains a high-growth residential market with a 34.77% appreciation in property values, making it an attractive target for capital gains.
Top Localities in Narol Road, Ahmedabad

Maninagar

Avg Price ₹ 5,350 /Sq.Ft.
LISTINGS 23

Mani Nagar

Avg Price ₹ 4,200 /Sq.Ft.
LISTINGS 2

Kankaria

Avg Price ₹ 6,200 /Sq.Ft.
LISTINGS 5

Ghodsar

Avg Price ₹ 4,500 /Sq.Ft.
LISTINGS 1
Price Trend

Narol Road, Ahmedabad Property Price Trends and Appreciation

About Asking Price Trends
Narol Road Property Price Comparison
  • By Localities
Location Rate (₹/Sq.Ft) Change %
Isanpur 5,150 34.8
Paldi 7,000 -1.5
Narolgam 2,750 8.8
Narol 2,400 -13.4
Ghodasar 3,550 -11.1
Vaishnodevi Circle 5,550 0.3
Vatva 2,800 6.5
Vasna 6,100 18.1
Ellisbridge 8,450 -1.6
Ambawadi 7,200 -3.2
Narol Road stands as a highly affordable option, particularly when compared to premium locations like Ellisbridge, which commands ₹8,450 per sq ft. Nearby Ghodasar averages ₹3,550 per sq ft, while the more established Paldi reaches ₹7,000 per sq ft. Even smaller pockets like Narolgam maintain a higher average of ₹2,750 per sq ft. This price gap highlights the distinct value proposition that Narol Road presents for budget-conscious investors.

Explore Property Rates in Top Cities

Avg. Asking Price ₹ 19,300 /Sq.Ft
Govt Registration Rate ₹ 13,900 /Sq.Ft
Avg. Asking Price ₹ 15,350 /Sq.Ft
Govt Registration Rate ₹ 9,600 /Sq.Ft
Avg. Asking Price ₹ 12,950 /Sq.Ft
Govt Registration Rate ₹ 8,650 /Sq.Ft
Avg. Asking Price ₹ 12,100 /Sq.Ft
Govt Registration Rate ₹ 5,950 /Sq.Ft
Avg. Asking Price ₹ 11,750 /Sq.Ft
Govt Registration Rate ₹ 9,150 /Sq.Ft
Avg. Asking Price ₹ 9,300 /Sq.Ft
Govt Registration Rate ₹ 3,800 /Sq.Ft
Avg. Asking Price ₹ 7,900 /Sq.Ft
Avg. Asking Price ₹ 6,700 /Sq.Ft
Govt Registration Rate ₹ 2,950 /Sq.Ft
Avg. Asking Price ₹ 6,400 /Sq.Ft

Micromarket-Wise Property Price Trends Around Narol Road, Ahmedabad

Avg. Asking Price ₹ 7,750 /Sq.Ft
Avg. Asking Price ₹ 6,600 /Sq.Ft
Avg. Asking Price ₹ 5,950 /Sq.Ft
Avg. Asking Price ₹ 5,350 /Sq.Ft
Avg. Asking Price ₹ 5,250 /Sq.Ft
Avg. Asking Price ₹ 4,250 /Sq.Ft
Avg. Asking Price ₹ 3,900 /Sq.Ft

More insights about Narol Road, Ahmedabad

FAQ

Frequently Asked Questions About Property Rates in Narol Road, Ahmedabad

What is the current average asking price in Narol Road?

As of June 2026, the average asking price in Narol Road stands at ₹2,400 per sq ft. This rate has remained stable with a 0% change, indicating a period of price consistency in the local residential market.

How have property price trends evolved in the Narol Road micromarket recently?

Property price trends in the Narol Road micromarket have shown a consistent upward trajectory over the last four quarters. According to data from June 2026, the micromarket rate reached ₹4,550 per sq ft, rising from ₹4,250 per sq ft in March 2026, ₹4,100 per sq ft in December 2025, and ₹3,900 per sq ft in September 2025. This steady quarter-over-quarter growth suggests a strengthening demand profile within the area.

How do property rates in Narol Road compare to nearby neighbourhoods?

Property rates in Narol Road, currently at ₹2,400 per sq ft, are significantly more affordable compared to several surrounding areas. For instance, neighbouring localities like Isanpur command an average rate of ₹5,150 per sq ft, which has appreciated by 34.77% compared to previous periods, while Vasna is priced at ₹6,100 per sq ft, reflecting an appreciation of 18.14%. Other nearby areas like Ghodasar are priced at ₹3,550 per sq ft, which has seen a depreciation of 11.11%, and Narolgam sits at ₹2,750 per sq ft, showing an appreciation of 8.83%.

What are the rental rate trends across different neighbourhoods near Narol Road?

Rental rates across neighbourhoods surrounding Narol Road are currently uniform at ₹50 per sq ft. While the base rate is consistent, the appreciation trends vary significantly; for example, Jivraj Park has seen a substantial rental appreciation of 115.38%, and Vejalpur has experienced a 59.09% increase. Other areas like Paldi have seen a 25% appreciation, while Navrangpura and Jodhpur have recorded more modest growth at 5% and 4.35% respectively, as of June 2026.

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