Ahmedabad
The real estate market in New CG Road is characterized by consistent pricing and steady demand for residential properties. With an average asking rate of ₹5,250 per sq ft, the area provides a balanced entry point for investors looking at both capital appreciation and rental yield. The rental sector is particularly active, with various unit types and nearby micro-markets offering competitive leasing rates that attract a steady stream of tenants. Ongoing interest in the region reflects its strategic importance and growing infrastructure, making it a reliable choice for long-term real estate commitments.
As of Sep 2026, the average asking price in New CG Road stands at ₹5,250 per sq ft. This rate has remained stable with a 0% change, indicating a balanced market environment where supply and demand have reached a temporary equilibrium.
Property prices in New CG Road have shown a consistent upward trajectory throughout 2026. The micromarket rate rose from ₹5,150 per sq ft in Dec 2025 to ₹5,250 per sq ft in Mar 2026, further increasing to ₹5,350 per sq ft in Jun 2026, and reaching ₹5,450 per sq ft as of Sep 2026. This steady quarterly appreciation reflects sustained interest and growing demand for residential properties in this area.
Property prices in New CG Road are competitive when compared to surrounding areas. As of Sep 2026, Motera and Koteshwar both command an average asking price of ₹5,350 per sq ft, though Motera has seen a slight depreciation of 0.19% compared to previous periods. Meanwhile, Nigam Nagar is priced at ₹5,100 per sq ft, having appreciated by 3.33%, and Zundal offers a more accessible entry point at ₹4,550 per sq ft, which has seen a notable appreciation of 5.86%.
As of Sep 2026, apartments in New CG Road have an average asking price of ₹5,250 per sq ft, which has appreciated significantly by 20.41% over the observed period. In contrast, villas are currently priced at ₹11,400 per sq ft, having experienced a sharp depreciation of 67.25% compared to previous data points, likely reflecting a correction in the luxury or low-volume segment of the market.
A 2 BHK apartment in New CG Road currently commands an average monthly rent of ₹24,500. This figure provides a baseline for tenants looking for mid-sized residential units in the area, reflecting the current rental market value as of Sep 2026.
Rental rates across neighbourhoods near New CG Road are currently uniform at ₹50 per sq ft in several key locations. As of Sep 2026, Chandkheda, Zundal, Jagatpur, Near Nirma University on SG Highway, Near Vaishno Devi Circle on SG Highway, and Naranpura all report an average rental rate of ₹50 per sq ft. Notably, Jagatpur has seen the highest growth in rental demand with a 21.05% appreciation, followed by Near Nirma University on SG Highway at 18.75% and Naranpura at 9.52%, indicating these areas are becoming increasingly attractive to renters.
The 0% change in the average asking price of ₹5,250 per sq ft as of Sep 2026 suggests that New CG Road is currently in a phase of market consolidation. For potential buyers, this stability indicates a predictable pricing environment, which is often favorable for those looking to make long-term residential investments without the volatility of rapid price spikes or sudden corrections.
