Ahmedabad
The real estate landscape in Pethapur is currently shaped by a steady demand for residential apartments, with average values holding at ₹3,400 per sq ft. While the broader region experiences varied growth across neighboring hubs, this locality maintains a consistent profile for budget-conscious buyers and those prioritizing long-term value. Rental activity in the surrounding areas suggests a uniform demand, with many nearby nodes reporting rental rates around ₹50 per sq ft. This stability makes the area a notable point of interest for those tracking regional price movements.
As of Jun 2026, the average asking price in Pethapur stands at ₹3,400 per sq ft. This rate has remained stable with a change percentage of 0% compared to previous reporting periods, indicating a period of price consolidation in the local residential market.
The micromarket rate in Pethapur has shown a notable upward trajectory, rising from ₹5,950 per sq ft in Mar 2026 to ₹6,950 per sq ft as of Jun 2026. This increase suggests growing demand or tightening supply within the broader micromarket, providing a positive signal for investors monitoring the area's growth.
Property prices in the vicinity of Pethapur vary significantly, reflecting diverse market profiles. For instance, Randesan currently commands an average asking price of ₹20,000 per sq ft, while Kudasan is priced at ₹13,700 per sq ft, having appreciated by 188.2% compared to historical benchmarks. Other nearby areas include Gift City at ₹11,300 per sq ft (up 3.24%), Koba at ₹5,000 per sq ft (up 11.03%), and Zundal at ₹4,300 per sq ft (down 1.59% from previous periods).
As of Jun 2026, the average price for apartments in Pethapur is ₹3,400 per sq ft. This figure reflects a depreciation of 2.29% when compared to the prior period, suggesting a slight market correction that may offer more competitive entry points for potential homebuyers.
Rental rates across the neighbourhoods surrounding Pethapur are currently consistent at ₹50 per sq ft, though the underlying trends vary by location. For example, Chandkheda has seen rental rates appreciate by 12.5% compared to previous periods, while areas like Zundal and Jagatpur have experienced rental depreciation of 10.53% and 9.52% respectively. Meanwhile, locations such as Near Vaishno Devi Circle on SG Highway and Gota have maintained stable rental rates with 0% change, indicating a balanced rental market in those specific pockets.
Investors looking at the Pethapur region should note that while average rental rates in nearby hubs like Chandkheda, Gota, and Zundal are currently uniform at ₹50 per sq ft, the varying change percentages highlight distinct micro-level dynamics. The 12.5% appreciation in Chandkheda suggests high tenant demand, whereas the rental depreciation observed in Zundal and Near Nirma University on SG Highway (down 33.33%) may indicate a temporary surplus of rental inventory or shifting tenant preferences that investors should factor into their yield expectations.
