Over the past five years, Ahmedabad has experienced a significant increase in housing prices, with an average appreciation of 45%. As of January-March 2024, the average housing price was ₹4,150 per square foot, up from ₹2,867 per square foot during the same period in 2019.

In the second quarter of 2024, housing prices in Ahmedabad saw a year-on-year rise of 13%, reaching an average of ₹7,335 per square foot (carpet area). This growth was particularly notable in the central-west areas (Ambawadi, Bodakdev, Vastrapur, Memnagar, Paldi) and eastern regions (Bapunagar, Maninagar, Isanpur, Naroda, Vastral), which experienced annual price increases of 16% and 14%, respectively.

For homebuyers, the cost of purchasing an apartment in Ahmedabad varies based on location.

• City Centre: Approximately ₹9,189.48 per square foot, with a range between ₹6,503.16 and ₹18,580.45.

• Outside City Centre: Approximately ₹6,124.54 per square foot, ranging from ₹3,716.09 to ₹8,825.72.

Rental prices are also influenced by location and property size. For instance, a one-bedroom apartment in the city centre averages ₹14,523.33 per month, while the same outside the city centre averages ₹12,472.07. Three-bedroom apartments in the city centre average ₹31,658.42 per month, compared to ₹21,190.00 outside the city centre.

These trends indicate a robust demand for residential properties in Ahmedabad, driven by factors such as economic growth, infrastructure development, and the city's increasing appeal as a residential destination.