Property Rates & Investment Guide: Ellisbridge Ahmedabad

Ellisbridge stands as one of Ahmedabad's most prestigious residential and commercial hubs, offering excellent connectivity, premium amenities, and strong investment potential. Located in the heart of the city on the west bank of the Sabarmati River, this upscale locality continues to attract homebuyers and investors with its perfect blend of modern infrastructure and traditional charm.

Why Choose Ellisbridge for Your Next Property Investment?

Ellisbridge has emerged as a prime destination for property buyers and investors, thanks to its strategic location and robust infrastructure. The area boasts a remarkable 4.2 out of 5 rating from residents, with particularly high scores for environment quality (4.4/5) and connectivity (4.2/5). This makes it an ideal choice for families, professionals, and businesses looking for a well-connected, peaceful neighborhood in Ahmedabad real estate market.

Location and Connectivity Benefits

Prime Central Location

Situated in postal code 380006, Ellisbridge enjoys unmatched connectivity to all major parts of Ahmedabad. The locality sits strategically on key arterial roads including Ellisbridge Road, Panchavati Road, and SV Desai Marg, ensuring seamless travel across the city.

Transport Links

• Metro Access: Connected to Ahmedabad Metro's Blue Line with ongoing expansions
• Railway: Gandhigram Railway Station nearby, Ahmedabad Junction just 7 km away
• Airport: Sardar Vallabhbhai Patel International Airport approximately 10 km away
• Public Transport: Comprehensive BRTS network, 24-hour bus services, and easy auto availability
• Road Network: Direct access to major highways and flyovers, including the new BRTS flyover near Gujarat College

Current Property Prices and Market Trends

Residential Property Rates (June 2025)

2 BHK Apartments

• Price Range: ₹70 Lakh to ₹1 Crore
• Average Rate: ₹7,000 per sq.ft.
• Popular Choice: First-time buyers and small families

3 BHK Apartments (Most Popular - 70% of listings)

• Price Range: ₹75 Lakh to ₹2.60 Crore
• Average Rate: ₹7,100 per sq.ft.
• Key Examples:
  • 1,750 sq.ft. furnished: ₹2.60 Crore
  • 1,450 sq.ft. semi-furnished: ₹1.35 Crore
  • 1,450 sq.ft. furnished: ₹1.80 Crore

4 BHK Apartments

• Price Range: ₹95 Lakh to ₹2.05 Crore
• Average Rate: ₹6,800 per sq.ft.
• Ideal for: Large families and luxury seekers

Commercial Property Rates

• Office Space (Sale): ₹5,700 to ₹9,900 per sq.ft.
• Office Space (Rent): ₹32 to ₹50 per sq.ft.
• High Demand: IT companies, financial institutions, legal firms

Rental Market Overview

Monthly Rental Rates

3 BHK Apartments (High Demand)

• Rental Range: ₹35,000 to ₹70,000 per month
• Popular Price Point: ₹40,000 to ₹50,000
• Security Deposit: Typically 2-3 months rent
• Maintenance: ₹1,500 to ₹10,000 per month

Sample Rental Properties:

• 2,400 sq.ft. semi-furnished: ₹50,000/month
• 1,350 sq.ft. furnished: ₹40,000/month
• 1,950 sq.ft. premium furnished: ₹70,000/month

Rental Yield Analysis

• Conservative Estimate: 2.3% to 3.8% annual returns
• Example Calculation: ₹1.25 Crore property renting at ₹40,000/month = 3.8% yield
• Premium Properties: Higher-end properties may offer lower yields but better capital appreciation

Top Housing Projects and Developments

Ready-to-Move Projects

Takshashila AIR

• Price Range: ₹1.60 Crore to ₹2.05 Crore
• Height: Gujarat's tallest residential building (25 floors)
• Status: Ready to move
• Features: Premium amenities, central location

Panchtirth Krushnakunj Residency

• Starting Price: ₹1.60 Crore
• Status: Ready to move
• Type: Modern residential complex

Under Construction Projects

Takshashila More Towers

• Price Range: ₹2.00 Crore to ₹2.35 Crore
• Possession: 2031
• Features: Premium high-rise development

Krupa Ocean

• Possession: 2028
• Status: Under construction
• Pricing: On request

VR Origami & Winsome Manor

• Status: Under construction
• Modern architectural designs
• Competitive pricing expected

Educational and Healthcare Facilities

Top Schools

• Amrit Jyoti High School
• St. Kabir Academy School
• N R High School
• GLS English Medium Primary School

Medical Facilities

• Apollo Hospitals City Centre
• Samvedana Psychiatry Hospital
• Multiple diagnostic centers and clinics

Shopping and Entertainment

• Sabarmati Riverfront (major attraction)
• Ahmedabad Historic Gujari Bazaar
• Food Bazaar and local markets
• Five-star hotels along Ashram Road

Investment Potential and Returns

Why Invest in Ellisbridge?

Strong Capital Appreciation

• Ahmedabad saw 21.4% increase in housing demand (Q1 2024)
• Average property rates increased by 1.4% citywide
• Central location ensures steady value growth

Excellent Rental Demand

• High occupancy rates due to commercial significance
• Strong demand from professionals and families
• Proximity to business districts ensures consistent rental income

Infrastructure Growth

• Ongoing metro expansion projects
• New road developments and flyovers
• Sabarmati Riverfront development enhancing area appeal

Investment Recommendations

Best Property Types for Investment:

1. 3 BHK Apartments: Highest demand and liquidity
2. Commercial Office Spaces: Strong rental yields
3. New Launch Projects: Early bird pricing advantages

Key Investment Tips:

• Focus on properties near Sabarmati Riverfront
• Verify RERA Gujarat registration for new projects
• Consider proximity to metro stations for future growth
• Evaluate parking availability - a key concern in the area

Challenges and Considerations

Current Issues

• Limited Parking: Major concern for residents and buyers
• Traffic Congestion: Peak hour delays, especially near Gujarat College
• Market Fluctuation: Recent 2% quarterly price dip needs monitoring

Solutions and Mitigations

• Choose projects with adequate parking facilities
• Consider properties on less congested roads
• Factor in upcoming infrastructure improvements
• Consult local real estate experts for market timing

Nearby Areas Comparison

Future Growth Prospects

Upcoming Developments

• Metro Phase II: Enhanced connectivity to South and West Ahmedabad
• Road Infrastructure: Sarkhej-Gandhinagar Highway improvements
• Commercial Growth: CBD expansion with new office complexes
• Riverfront Projects: Continued development along Sabarmati River

Market Predictions

• Steady 5-8% annual appreciation expected
• Increased rental demand from expanding IT sector
• Infrastructure improvements to boost property values
• Premium segment likely to outperform mass market

How to Buy Property in Ellisbridge

Step-by-Step Process

1. Research and Budget Planning: Determine your budget and preferred property type
2. Area Visit: Explore different sub-locations within Ellisbridge
3. Property Selection: Shortlist properties based on amenities and pricing
4. Legal Verification: Check all documents and approvals
5. Financing: Arrange home loan pre-approval
6. Final Purchase: Complete registration and documentation

Important Documents to Verify

• RERA registration certificate
• Building plan approvals
• No Objection Certificates (NOCs)
• Clear property titles
• Tax payment receipts

Conclusion

Ellisbridge represents one of Ahmedabad's most promising smart city markets, combining prime location advantages with strong growth potential. While property prices reflect the area's premium status, the excellent connectivity, robust infrastructure, and consistent demand make it an attractive option for both end-users and investors.

The locality's central position, proximity to business districts, and ongoing infrastructure developments position it well for sustained appreciation. However, buyers should carefully consider factors like parking availability and traffic congestion when making their decision.

For investors seeking long-term capital appreciation with moderate rental yields, Ellisbridge offers compelling opportunities, particularly in the 3 BHK segment and commercial spaces. Those interested in second home investment opportunities will find this location equally attractive due to its premium status and growth prospects.

Frequently Asked Questions

1. What is the average price per sq.ft. in Ellisbridge?
The average property rate ranges from ₹6,800 to ₹10,450 per sq.ft., with most properties priced around ₹7,100 per sq.ft.

2. Which property type is most popular in Ellisbridge?
3 BHK apartments dominate the market, accounting for approximately 70% of all property listings in the area.

3. What are the rental yields in Ellisbridge?
Rental yields typically range from 2.3% to 3.8% annually, depending on the property type and rental rates achieved.

4. Is Ellisbridge well-connected to other parts of Ahmedabad?
Yes, Ellisbridge offers excellent connectivity via metro, BRTS, major roads, and is just 7 km from Ahmedabad Junction railway station.

5. What are the main challenges of living in Ellisbridge?
The primary concerns include limited parking spaces and traffic congestion during peak hours, particularly near major intersections.

6. Are there good schools and hospitals in Ellisbridge?
Yes, the area has excellent educational institutions like St. Kabir Academy and top healthcare facilities including Apollo Hospitals City Centre.

7. Which are the best new projects to invest in?
Takshashila AIR (ready-to-move) and upcoming projects like Takshashila More Towers and Krupa Ocean offer good investment potential.

8. How is the future growth prospect for Ellisbridge?
Very promising, with ongoing metro expansion, infrastructure development, and the area's central location ensuring sustained demand and appreciation.