Ahmedabad
The Shilaj real estate market exhibits a dynamic landscape where property values have navigated quarterly shifts to reach a current average of ₹6,050 per sq ft. Residential demand is supported by a mix of ready-to-move and under-construction projects, offering buyers diverse entry points depending on their occupancy timelines. Rental activity remains active, with a healthy yield of 4.17% attracting interest from those seeking consistent returns on their residential assets. Developers continue to focus on quality project delivery, influencing the broader price trends observed over the last few quarters.
As of March 2026, the average asking price in Shilaj is ₹6,050 per sq ft. This figure reflects an appreciation of 1.89% compared to previous periods, indicating a resilient demand for residential properties in this locality.
Property prices in Shilaj have shown a fluctuating trajectory, with the average asking price moving from ₹5,150 per sq ft in June 2025 to ₹6,150 per sq ft in September 2025, followed by a slight adjustment to ₹5,900 per sq ft in December 2025, and finally reaching ₹6,050 per sq ft as of March 2026. This movement suggests a market that is actively finding its price equilibrium amidst shifting buyer interest.
As of March 2026, apartments in Shilaj are priced at an average of ₹6,050 per sq ft, which has appreciated by 1.89% over the observed period. In contrast, villas are positioned at a premium with an average price of ₹15,800 per sq ft, though this segment experienced a depreciation of 2.52% from the prior period, reflecting a correction in the high-end luxury housing market.
As of March 2026, ready-to-move properties in Shilaj are available at an average of ₹5,650 per sq ft, having depreciated by 4.48% compared to previous cycles. Meanwhile, under-construction projects are currently priced at ₹5,000 per sq ft, which reflects a depreciation of 10.69% over the same timeframe, potentially offering a more accessible entry point for investors willing to wait for project completion.
The rental yield in Shilaj stands at 4.17% as of March 2026. For investors, this yield represents the annual rental income relative to the property's purchase price, serving as a key indicator of the locality's income-generating potential for residential assets.
As of March 2026, the average rental rate for apartments in Shilaj is ₹50 per sq ft, which has seen a depreciation of 16% compared to the previous period. This adjustment in rental rates should be carefully considered by landlords and tenants alike when evaluating the current cost of leasing in the area.
As of March 2026, top projects by rental rates include Aashray Arise at ₹22 per sq ft, A Shridhar Kaveri Sangam at ₹21 per sq ft, and Sharanya Altura at ₹19 per sq ft. Notably, Krish Nisarg Dreams has shown a significant rental appreciation of 20%, whereas Shilp Serene experienced a depreciation of 15% over the same period.
As of March 2026, many surrounding localities such as Bopal, South Bopal, Thaltej, and Vastrapur share a consistent average rental rate of ₹50 per sq ft. While some areas like Shela have seen a rental appreciation of 9.52%, others like Bopal and South Bopal have experienced a depreciation of 12%, highlighting that rental performance varies significantly even among neighbouring regions.
As of March 2026, some of the notable projects in Shilaj include A Shridhar Kaveri Trisara at ₹6,550 per sq ft, Aaryan Aranyam at ₹6,500 per sq ft, and A Shridhar Kaveri Sangam at ₹6,450 per sq ft. Among these, Aaryan Aranyam has demonstrated strong performance with an appreciation of 12.73%, while A Shridhar Kaveri Sangam saw a depreciation of 16.99%.
As of March 2026, New Launch projects in Shilaj are priced at ₹4,850 per sq ft, having depreciated by 14.45% from the prior period, while Mid Stage projects are priced higher at ₹6,050 per sq ft, showing an appreciation of 5.91%. This price gap often reflects the reduced risk associated with projects that have already achieved significant construction milestones compared to those just entering the market.
