Ahmedabad
The real estate market in New CG Road is experiencing a period of significant appreciation, characterized by a sharp rise in property values over the last quarter. Residential apartments dominate the landscape, reflecting a robust appetite from homebuyers seeking modern living spaces. Meanwhile, the rental market maintains a stable consistency, providing reliable returns for property owners across various unit configurations. The surrounding micromarkets show a diverse pricing spectrum, highlighting the area's versatility for different investment budgets.
As of June 2026, the average asking price in New CG Road stands at ₹5,250 per sq ft. This rate has remained stable, showing no change in percentage compared to previous periods, which indicates a period of price consolidation in this residential micromarket.
Property prices in New CG Road have shown an upward trajectory throughout the first half of 2026. The micromarket rate rose from ₹5,250 per sq ft in March 2026 to ₹5,350 per sq ft as of June 2026, suggesting a steady increase in demand for residential apartments 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 of ₹5,700 per sq ft (which appreciated by 1.15% from previous periods), while Chandkheda is more accessible at ₹4,850 per sq ft, having appreciated by 1.83%.
As of June 2026, apartments in New CG Road are priced at an average of ₹5,250 per sq ft, which has seen significant appreciation of 20.41% compared to previous periods. In contrast, villas are currently listed at ₹11,400 per sq ft, though this segment has experienced a notable depreciation of 67.25% over the same timeframe, reflecting a major correction in the luxury villa market.
Tenants looking for a 2 BHK apartment in New CG Road can expect an average monthly rent of ₹24,500 as of June 2026. This figure represents the standard entry point for residential apartment rentals in the locality, catering to families and professionals seeking well-connected housing.
Rental rates across the broader region are largely consistent at ₹50 per sq ft, though market dynamics vary by location. For example, rental rates in Chandkheda have appreciated by 6.25% compared to previous periods, while areas like Near Nirma University on SG Highway have seen a significant depreciation of 29.17%, indicating a softening of rental demand in that specific corridor.
A buyer should interpret the recent price movement in New CG Road as a sign of a maturing market. With the micromarket rate climbing from ₹5,150 per sq ft in December 2025 to ₹5,350 per sq ft in June 2026, the consistent growth suggests that the locality is becoming increasingly preferred by end-users, providing a stable environment for long-term residential investment.
