Ahmedabad’s real estate market is making waves with the highest rental yield in India, clocking in at 3.9% as per the report JAS 2024. This impressive rental yield comes as a result of both strong demand and relatively affordable property prices compared to other major cities. The city’s rental market experienced a notable 7.9% increase in rents during the quarter, with average rents for a 2BHK apartment rising to INR 21,100 in areas like Shela and INR 23,200 in South Bopal
Despite the rise in rents, Ahmedabad continues to be one of the most lucrative markets for rental investors, driven by high demand in prime localities like Satellite and Prahlad Nagar. These areas saw rents for a 3BHK soar to INR 42,500 in Satellite and INR 40,000 in Prahlad Nagar, reflecting the steady rise in rental income potential.
In terms of market dynamics, Ahmedabad’s rental market shows a solid growth trajectory, with demand up by 18.07% YoY across various localities, while supply has decreased by 5.8% YoY. With both yield and rent on the rise, Ahmedabad presents an attractive opportunity for investors aiming to benefit from steady income streams alongside long-term asset appreciation.
