Ahmedabad
The real estate market in New CG Road has shown significant growth, with current average prices for apartments reaching ₹5,250 per sq ft. This upward trajectory is supported by a steady interest in residential developments, while the rental sector remains highly active with consistent demand for 2 BHK units. Surrounding micromarkets like Ranip and New Ranip also provide competitive alternatives, influencing the broader regional price dynamics. Investors can find value in the diverse property landscape, which balances immediate residential needs with long-term capital appreciation potential.
As of June 2026, the average asking price in New CG Road, Ahmedabad, stands at ₹5,250 per sq ft. This rate has remained stable with a 0% change, indicating a period of price equilibrium in the local residential apartment market.
Property prices in New CG Road, Ahmedabad, have shown an upward trajectory throughout the last year. The micromarket rate rose from ₹5,050 per sq ft in September 2025 to ₹5,150 per sq ft in December 2025, further increasing to ₹5,250 per sq ft by March 2026, and reaching ₹5,350 per sq ft as of June 2026. This consistent growth signals sustained demand and buyer confidence in the locality.
As of June 2026, apartments in New CG Road, Ahmedabad, are priced at an average of ₹5,250 per sq ft, having appreciated by 20.41% compared to the previous period. In contrast, villas are currently listed at an average of ₹11,400 per sq ft, which reflects a significant depreciation of 67.25% compared to the previous period, suggesting a notable shift in the premium segment of the market.
Property rates in the vicinity of New CG Road, Ahmedabad, vary across different neighbourhoods. As of June 2026, Motera is priced at ₹5,350 per sq ft (depreciated by 3.96%), while Ranip is at ₹4,900 per sq ft (appreciated by 2.23%). Other nearby options include Chandkheda at ₹4,950 per sq ft (appreciated by 1.53%), New Ranip at ₹4,750 per sq ft (appreciated by 1.54%), and Zundal at ₹4,300 per sq ft (depreciated by 1.59%).
As of June 2026, the average monthly rent for a 2 BHK apartment in New CG Road, Ahmedabad, is ₹24,500. This provides a clear benchmark for tenants looking to reside in this locality, reflecting the current supply and demand dynamics for mid-sized residential units.
Rental rates across micromarkets near New CG Road, Ahmedabad, are currently uniform at ₹50 per sq ft, though their growth trends differ significantly as of June 2026. For instance, Chandkheda has seen a rental appreciation of 12.5%, whereas areas like Near Nirma University on SG Highway have experienced a sharp depreciation of 33.33%. Other areas like Gota and Near Vaishno Devi Circle on SG Highway have maintained stable rental rates with 0% change, while Zundal, Jagatpur, and Naranpura have seen rental depreciations of 10.53%, 9.52%, and 8.7% respectively.
Buyers should view the quarterly price trends in New CG Road, Ahmedabad, as a reflection of market maturity. With the micromarket rate climbing steadily from ₹5,050 per sq ft in September 2025 to ₹5,350 per sq ft in June 2026, the data indicates a consistent upward trend. This trajectory suggests that the locality is becoming increasingly sought after, which may influence future investment decisions for those looking for long-term capital appreciation.
