Ahmedabad
New CG Road has established itself as a dynamic residential hub in Ahmedabad, currently witnessing a rise in property values. The market is defined by consistent demand for apartment-style living, with local rates showing steady appreciation over recent months. Rental activity is equally vibrant, characterized by a uniform rate of ₹50 per sq ft across several surrounding areas. This balance between capital appreciation and rental yield provides a stable environment for long-term real estate investment.
The average asking price in New CG Road is ₹5,250 per sq ft as of Jun 2026. This rate has remained stable, showing a 0% change compared to previous periods, indicating a period of price consolidation in this residential market.
Property prices in New CG Road have shown a steady upward trajectory throughout the first half of 2026. As of Jun 2026, the micromarket rate reached ₹5,350 per sq ft, rising from ₹5,250 per sq ft in Mar 2026 and ₹5,150 per sq ft in Dec 2025, which reflects consistent demand for residential apartments in the area.
Property rates in New CG Road, currently at ₹5,250 per sq ft, sit in the mid-range when compared to surrounding areas. For instance, Koteshwar commands a higher rate of ₹5,700 per sq ft (which appreciated by 1.15%), while Chandkheda is more accessible at ₹4,850 per sq ft (which appreciated by 1.83%). Other nearby areas like New Ranip and Ranip are priced at ₹4,650 per sq ft and ₹4,800 per sq ft respectively, both showing slight depreciation of 1.35% and 0.42% respectively.
As of Jun 2026, apartments in New CG Road are priced at an average of ₹5,250 per sq ft, which has seen a significant appreciation of 20.41% compared to the previous period. In contrast, villas are currently listed at ₹11,400 per sq ft, though this segment has experienced a sharp depreciation of 67.25%, likely reflecting a correction in the luxury or low-supply villa market.
Tenants looking for a 2 BHK apartment in New CG Road can expect an average monthly rent of ₹24,500 as of Jun 2026. This figure provides a baseline for residential leasing in the area, helping prospective tenants and landlords understand the current market value for standard apartment configurations.
Rental rates across several key Ahmedabad micromarkets are currently uniform at ₹50 per sq ft as of Jun 2026, including areas like Chandkheda, Gota, and Navrangpura. However, the growth trends differ significantly; for example, Chandkheda saw a 6.25% appreciation, while Near Nirma University on SG Highway experienced a notable depreciation of 29.17% compared to the prior period. Investors should note these variations as they reflect differing levels of rental demand and supply saturation across these specific localities.
A buyer should view the consistent rise in the micromarket rate—from ₹5,050 per sq ft in Sep 2025 to ₹5,350 per sq ft in Jun 2026—as a signal of sustained demand for residential property in New CG Road. While the overall asking price has held stable at ₹5,250 per sq ft, the upward movement in the micromarket rate suggests that newer listings or specific high-demand pockets are driving the market value higher, making it a potentially stable area for long-term residential investment.
