Ahmedabad
New CG Road has established itself as a dynamic residential hub in Ahmedabad, characterized by a significant appreciation in apartment prices and stable rental demand. Recent data confirms a positive trajectory for property values, supported by strong interest in apartment living. The rental market across surrounding micro-markets maintains a uniform price point, ensuring predictability for property owners. As development continues, the area balances its role as a residential destination with accessible rental options for diverse occupant profiles.
As of June 2026, the average asking price in New CG Road is ₹5,250 per sq ft. This rate has remained stable with a 0% change, indicating a balanced market environment for buyers and sellers in the area during this period.
The property market in New CG Road has shown price stability as of June 2026. Data from the preceding quarters indicates that the micromarket rate reached ₹5,250 per sq ft by March 2026, up from ₹5,150 per sq ft in December 2025 and ₹5,050 per sq ft in September 2025, reflecting a consistent upward trajectory in asking prices leading up to the current period.
As of June 2026, there is a significant price variance between property types in New CG Road. Apartments are currently priced at an average of ₹5,250 per sq ft, which has appreciated by 20.41% compared to previous periods. Conversely, villas are priced at ₹11,400 per sq ft, though this segment has seen a notable depreciation of 67.25% in its average price point, suggesting a major shift in the valuation or inventory profile of premium villa properties.
Property rates in the vicinity of New CG Road vary significantly across different neighbourhoods as of June 2026. Koteshwar commands a higher average of ₹5,700 per sq ft (appreciating by 1.15%), while Motera is priced at ₹5,600 per sq ft (depreciating by 2.02%). More affordable options include Chandkheda at ₹4,850 per sq ft (appreciating by 1.83%), Ranip at ₹4,800 per sq ft (depreciating by 0.42%), New Ranip at ₹4,650 per sq ft (depreciating by 1.35%), and Zundal at ₹4,350 per sq ft (appreciating by 0.83%).
As of June 2026, the average monthly rent for a 2 BHK apartment in New CG Road is ₹24,500. This figure provides a baseline for tenants looking to reside in this locality, reflecting the current demand for mid-sized residential units in the area.
Rental rates across neighbourhoods surrounding New CG Road are currently uniform at ₹50 per sq ft as of June 2026. While the base rate is consistent, market dynamics vary; for instance, areas like Chandkheda, Zundal, Gota, Memnagar, and locations near Nirma University and Vaishno Devi Circle on SG Highway have seen 0% change in rental rates. Meanwhile, some areas have experienced rental depreciation, such as Nava Vadaj (-8.7%), Navrangpura (-4.76%), Jagatpur (-4.55%), and Naranpura (-4.17%) when compared to previous periods.
