Ahmedabad
The real estate market in Old Wadaj offers a stable environment for prospective homeowners, with an average asking price of ₹3,850 per sq ft. Surrounding localities in Ahmedabad provide a range of price benchmarks, from the more affordable options in New Ranip and Ranip to the higher-end residential corridors of Navrangpura and Memnagar. Rental demand remains balanced across the region, with several key sub-markets seeing consistent rental rates of ₹50 per sq ft. Investors and tenants can find diverse options that reflect the varied nature of the local housing stock.
The average asking price in Old Wadaj is ₹3,850 per sq ft as of June 2026. This rate has remained stable, showing a 0% change, which indicates a period of price consolidation in the local residential apartment market.
Property prices in the Old Wadaj micromarket have shown a consistent upward trajectory over the last year. As of June 2026, the micromarket rate stands at ₹5,350 per sq ft, rising steadily from ₹5,250 per sq ft in March 2026, ₹5,150 per sq ft in December 2025, and ₹5,050 per sq ft in September 2025. This steady quarter-over-quarter appreciation signals sustained demand and growing investor confidence in the area.
Property rates in Old Wadaj, which average ₹3,850 per sq ft, are generally more accessible compared to several surrounding localities. For instance, neighbouring areas like Naranpura command ₹6,550 per sq ft, while Navrangpura and Ellisbridge are priced at ₹8,600 per sq ft and ₹7,600 per sq ft respectively as of June 2026. Buyers looking for premium locations may find higher entry points in these adjacent hubs, whereas Old Wadaj offers a more competitive price positioning for residential apartments.
Rental rates in the vicinity of Old Wadaj are currently uniform at ₹50 per sq ft across several key neighbourhoods as of June 2026. While Naranpura has seen a rental depreciation of 8.7% compared to the previous period, Navrangpura has experienced a significant rental appreciation of 10%. Meanwhile, rental rates in Memnagar have appreciated by 4.76%, and rates in Ellisbridge have remained stable with a 0% change, providing varied options for tenants depending on their preferred locality.
Investors should note that while the average rental rate is consistent at ₹50 per sq ft across Naranpura, Navrangpura, Memnagar, and Ellisbridge as of June 2026, the growth trends differ significantly. The 10% appreciation in Navrangpura suggests strong rental demand, whereas the 8.7% depreciation in Naranpura may indicate a temporary softening or an increase in available rental inventory. Monitoring these specific percentage shifts is essential for investors to gauge the income potential and market health of these specific micromarkets.
