Ahmedabad
The New CG Road real estate market has maintained a consistent growth pattern, with property values rising significantly to reach an average of ₹5,250 per sq ft. Investors are increasingly looking toward this corridor due to its balanced mix of residential apartment supply and competitive rental yields. While the apartment segment has surged by 20.41%, the broader market shows resilience across several neighboring micro-markets. Rental activity remains healthy, particularly for 2 BHK units, supported by a consistent rental rate of ₹50 per sq ft across key surrounding areas like Chandkheda and Gota.
As of March 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 are currently well-aligned.
Property prices in New CG Road have shown a steady upward trajectory in the micromarket, moving from ₹5,000 per sq ft in June 2025 to ₹5,050 in September 2025, ₹5,150 in December 2025, and reaching ₹5,250 per sq ft by March 2026. This consistent quarterly growth reflects a resilient demand for residential properties in the area, suggesting sustained interest from both end-users and investors.
As of March 2026, apartments in New CG Road are priced at an average of ₹5,250 per sq ft, which has appreciated by 20.41% compared to previous periods. In contrast, villas are currently listed at ₹11,400 per sq ft, though this segment has experienced a significant depreciation of 67.25% in its average price point, highlighting a notable shift in the valuation of premium low-density housing in this locality.
Among surrounding areas as of March 2026, Koteshwar commands the highest average asking price at ₹5,700 per sq ft, having appreciated by 1.15%. Conversely, Zundal offers a more accessible entry point at ₹4,350 per sq ft, which has seen a modest appreciation of 0.83%. Other areas like Motera at ₹5,600 per sq ft have seen a slight depreciation of 2.02%, while New Ranip at ₹4,650 per sq ft has also experienced a minor depreciation of 1.35%.
As of March 2026, a 2 BHK apartment in New CG Road is available for an average monthly rent of ₹24,500. This rental figure provides a benchmark for tenants looking to reside in the area and serves as a key data point for landlords evaluating the income potential of their residential assets in this specific micromarket.
Most localities surrounding New CG Road, including Chandkheda, Zundal, Gota, and Memnagar, currently command a uniform average rental rate of ₹50 per sq ft as of March 2026. While many of these areas have maintained stable rental pricing, some regions have seen downward adjustments; for instance, Nava Vadaj has depreciated by 8.7%, Jagatpur by 4.55%, Navrangpura by 4.76%, and Naranpura by 4.17% compared to previous periods.
Prospective buyers should use the March 2026 average asking price of ₹5,250 per sq ft as a baseline for their budget planning and price negotiations. By observing the consistent quarterly appreciation in the micromarket rate—from ₹5,000 per sq ft in June 2025 to the current level—buyers can identify that the area is experiencing steady growth, which is a positive signal for long-term capital appreciation.
