Ahmedabad
The New CG Road real estate market has experienced a positive shift in property values, with apartment rates currently averaging ₹5,250 per sq ft. This growth is mirrored by steady demand across various housing types, making it a focal point for residential development in Ahmedabad. Rental activity is equally active, particularly for 2 BHK configurations which serve as a primary choice for tenants. Investors and homebuyers are closely watching these trends as the location continues to gain prominence.
As of June 2026, the average asking price in New CG Road is ₹5,250 per sq ft. This rate has remained stable, showing a 0% change over the recent period, suggesting a balanced market environment where supply and demand are currently in equilibrium.
Property prices in New CG Road have shown a consistent upward trajectory in the micromarket rate over the past year. As of June 2026, the micromarket rate stands at ₹5,350 per sq ft, rising from ₹5,250 per sq ft in March 2026, ₹5,150 per sq ft in December 2025, and ₹5,050 per sq ft in September 2025. This steady growth indicates sustained demand for residential properties in the area.
Property prices in New CG Road, currently at ₹5,250 per sq ft, sit in the mid-range compared to surrounding areas. For instance, Koteshwar commands a higher average rate of ₹5,700 per sq ft (which has appreciated by 1.15% over the relevant period), while Chandkheda is more affordable at ₹4,850 per sq ft (having appreciated by 1.83%). Other nearby areas like New Ranip and Ranip show rates of ₹4,650 per sq ft and ₹4,800 per sq ft respectively, both of which have seen slight depreciation of 1.35% and 0.42%.
As of June 2026, apartments in New CG Road are priced at an average of ₹5,250 per sq ft, having seen a significant appreciation of 20.41% compared to the previous period. In contrast, villas are currently listed at ₹11,400 per sq ft, which reflects a substantial depreciation of 67.25% from the prior period, highlighting a major shift in the premium segment pricing for this locality.
Tenants looking for 2 BHK apartments in New CG Road can expect an average monthly rent of ₹24,500 as of June 2026. This figure provides a clear benchmark for end-users seeking residential space in this locality, reflecting the current rental demand for mid-sized family homes.
Rental rates across the broader region are relatively uniform, with many areas like Chandkheda, Gota, and Navrangpura commanding an average rental rate of ₹50 per sq ft as of June 2026. However, the growth trends differ significantly; for example, Chandkheda has seen rental rates appreciate by 6.25%, whereas areas like Near Nirma University on SG Highway have experienced a depreciation of 29.17%, and Jagatpur has seen a 14.29% depreciation over the same period.
The 0% change in the average asking price of ₹5,250 per sq ft as of June 2026 indicates a period of price consolidation in New CG Road. For prospective buyers, this stability often signals a mature market where property values are holding firm rather than experiencing volatile fluctuations, making it a potentially predictable environment for long-term residential investment.
