Property rates in Surat average ₹4,400 per sq ft, reflecting a period of price stabilization following earlier volatility. The market displays a distinct premium for commercial assets, with shops commanding ₹16,700 per sq ft and office spaces averaging ₹8,100 per sq ft. Investors are taking note of a healthy 5.18% rental yield, while residential buyers find diverse options ranging from apartments to luxury villas, supported by a significant volume of ready-to-move projects.
Surat's real estate sector is currently defined by a balanced landscape of residential affordability and commercial premiumization. While residential apartment prices have remained stable at ₹4,400 per sq ft, the commercial segment has seen substantial growth, making it a focal point for investors seeking higher returns. The city's rental market is notably active, offering competitive yields that attract steady interest from both tenants and property owners. Development activity continues to favor ready-to-move inventory, which provides immediate value to buyers looking to bypass construction timelines.
Commercial shop prices have surged by 30.25%, reaching an average of ₹16,700 per sq ft.
Under-construction residential projects have seen a price appreciation of 30.77%, currently averaging ₹3,600 per sq ft.
Office spaces are experiencing steady demand with a 15.77% price increase, now averaging ₹8,100 per sq ft.
The residential rental market offers a robust 5.18% yield for investors.
Ready-to-move apartment projects remain the most abundant, with over 212 units currently available for prospective buyers.
Market Strengths
A diverse property mix allows investors to choose between high-growth commercial assets and stable residential apartments.
The city maintains a healthy rental yield of 5.18%, which is highly competitive for residential investors.
Strong demand for premium residential living is evidenced by high-end projects in Vesu reaching up to ₹7,050 per sq ft.
The abundance of 212 ready-to-move residential units offers immediate liquidity and occupancy options for buyers.
Office space rental rates show a positive growth trend of 25.58%, signaling a rebounding commercial leasing sector.
Market Challenges
The office space rental market has experienced a significant -55.81% change in average rental rates, indicating a shift in tenant demand.
Rental rates for shops have seen a decline of -9.59%, reflecting current market corrections in commercial leasing.
Ready-to-move residential projects have seen a slight price correction of -3.98%, moving to ₹4,350 per sq ft.
Investment Opportunities
Commercial shop investments offer high-value potential with average prices at ₹16,700 per sq ft and a 30.25% growth rate.
Residential rental yields remain attractive at 5.18%, providing a steady income stream for property owners.
Under-construction residential projects show strong growth potential, with prices rising by 30.77% to reach ₹3,600 per sq ft.
Office space remains a lucrative asset class, currently priced at ₹8,100 per sq ft with a 15.77% positive change.
Top Micromarkets in Surat
Surat East
Avg Price₹ 2,700 /sqft
YOY
+ 3.62 %
LISTINGS
435
Surat West
Avg Price₹ 4,000 /sqft
YOY
+ 0.86 %
LISTINGS
267
Surat North
Avg Price₹ 4,800 /sqft
YOY
+ 1.44 %
Avg Rent₹ 45 /sq
ft
YIELD
+ 11.25
LISTINGS
604
Surat South
Avg Price₹ 4,500 /sqft
YOY
-2.39 %
LISTINGS
378
Price Trend
Surat Property Price Trends and Appreciation
Property rates in Surat have stabilized at ₹4,400 per sq ft as of March 2026, showing a moderate increase from the ₹4,350 per sq ft recorded in December 2025. This follows a period of adjustment from higher valuations seen in the middle of 2025, where rates previously reached ₹5,150 and ₹5,450 per sq ft. These trends indicate a market that is finding a sustainable price floor after a phase of correction.
Surat's real estate market caters to diverse buyer preferences across property categories. Commercial spaces, particularly shops, lead the premium segment at ₹16,700 per sq ft, experiencing a notable 30.25% change. Residential options span from apartments priced at ₹4,400 per sq ft with a 1.33% increase to villas at ₹5,750 per sq ft, which have seen a 26.6% growth, reflecting varied investment appetites.
The Surat market offers properties across various development stages catering to different buyer timelines. Ready To Move inventory, comprising 212 units, averages ₹4,350 per sq ft, appealing to immediate occupancy seekers. Under Construction projects present 4 opportunities at ₹3,600 per sq ft showing a 30.77% increase, while new launches offer a competitive entry point at ₹4,250 per sq ft.
Project & Developer Insights
Top Residential Projects and Developers in Surat
Top Developersin Surat
Govindji Group leads in Surat with 2 projects and years of experience.
Premium residential developments in Surat are commanding significant asking prices, reflecting their luxury positioning and prime locations in Vesu. Leading the segment, Sangini Evoq is priced at ₹7,050 per sq ft, setting a high-value benchmark. Rajhans Eronzza and Happy Home Celebrity Greens follow at ₹7,000 per sq ft, while Sangini Vedanta also reaches the ₹7,000 per sq ft mark with a 5.89% increase. These top-tier developments represent the aspirational segment of the city's housing market.
Angel Palace in Kholvad stands out as a notable project in the rental market, currently maintaining an average rental rate of ₹50 per sq ft, reflecting stable demand for quality residential rentals in the area.
Rental Trends
Rental Trends and Average Rent in Surat
Residential rental demand varies significantly by unit size, with 2 BHK apartments averaging ₹26,000 per month. Larger 3 BHK units command an average of ₹41,050 per month, while 4 BHK properties reach ₹89,300 per month. For those seeking expansive living, 6 BHK apartments are available at an average of ₹3 Lakh per month. Rental rates for commercial spaces show mixed performance, with both shops and office spaces currently averaging ₹50 per sq ft. While office space rentals have seen a robust 25.58% increase, shop rentals have adjusted by -9.59% over the past year. Angel Palace in Kholvad stands out as a notable project in the rental market, currently maintaining an average rental rate of ₹50 per sq ft, reflecting stable demand for quality residential rentals in the area.
Residential rental demand varies significantly by unit size, with 2 BHK apartments averaging ₹26,000 per month. Larger 3 BHK units command an average of ₹41,050 per month, while 4 BHK properties reach ₹89,300 per month. For those seeking expansive living, 6 BHK apartments are available at an average of ₹3 Lakh per month.
Rental rates for commercial spaces show mixed performance, with both shops and office spaces currently averaging ₹50 per sq ft. While office space rentals have seen a robust 25.58% increase, shop rentals have adjusted by -9.59% over the past year.
Frequently Asked Questions About Property Rates in Surat
What is the current average asking price in Surat?
As of March 2026, the average asking price in Surat stands at ₹4,400 per sq ft. This figure reflects an appreciation of 1.33% from December 2025 to March 2026, indicating a period of steady demand for residential properties in the city.
How have property prices in Surat trended over the last few quarters?
Property prices in Surat have shown a fluctuating trajectory, with the average rate moving from ₹5,450 per sq ft in June 2025 to ₹5,150 in September 2025, followed by a further adjustment to ₹4,350 in December 2025, before reaching ₹4,400 per sq ft in March 2026. This recent upward movement from December 2025 to March 2026 suggests a stabilization in market sentiment following the corrections observed in the previous year.
How do property prices vary by property type in Surat?
Property prices in Surat vary significantly by segment, with shops currently commanding the highest average at ₹16,700 per sq ft, having appreciated by 30.25% from the previous period. Office spaces are priced at ₹8,100 per sq ft, reflecting a 15.77% appreciation, while villas are at ₹5,750 per sq ft, showing a notable 26.6% appreciation. Apartments remain the most accessible residential option at ₹4,400 per sq ft, which has seen a modest appreciation of 1.33% as of March 2026.
What is the price difference between ready-to-move and under-construction properties in Surat?
As of March 2026, ready-to-move properties in Surat are priced at an average of ₹4,350 per sq ft, which represents a depreciation of 3.98% compared to the prior period. In contrast, under-construction projects are currently averaging ₹3,600 per sq ft, having experienced a significant appreciation of 30.77% over the same timeframe. This price gap highlights the premium typically associated with immediate possession versus the potential value growth in developing projects.
What is the average rental yield in Surat and what does it signify for investors?
The average rental yield in Surat is currently 5.18%, a metric that provides investors with a clear indicator of the annual rental income relative to the property's purchase price. While the overall average rental rate is ₹19 per sq ft as of March 2026—marking a depreciation of 55.81% from the previous period—a yield of over 5% remains a key signal for those looking to balance capital appreciation with consistent rental cash flow.
How does the monthly rent vary across different BHK configurations in Surat?
Rental rates in Surat scale according to the size of the unit, with 2 BHK apartments averaging ₹26,000 per month and 3 BHK units at ₹41,050 per month as of March 2026. For larger requirements, 4 BHK apartments command an average of ₹89,300 per month, while luxury 6 BHK configurations can reach up to ₹3 Lakh per month. These figures help tenants and landlords align their expectations based on the specific space and amenities offered in the residential market.
Which projects in Surat currently command the highest listing rates?
The highest listing rates in Surat are primarily concentrated in the Vesu locality, with projects like Sangini Evoq leading at ₹7,050 per sq ft, which has seen a marginal appreciation of 0.01% as of March 2026. Other premium developments such as Rajhans Eronzza, Happy Home Celebrity Greens, and Sangini Vedanta are all positioned at ₹7,000 per sq ft. Notably, Sangini Vedanta has seen a 5.89% appreciation, while other top-tier projects like Rajhans Cremona and Rajhans Altezza have maintained stable pricing at ₹7,000 and ₹6,950 per sq ft respectively.
How should a buyer interpret the property rate data provided for Surat?
Buyers should use the Surat property rate data as a benchmark to compare the asking prices of specific projects against the city-wide average of ₹4,400 per sq ft as of March 2026. By observing the price trends and the status-wise breakdown—such as the 30.77% appreciation in under-construction units—investors can identify whether they are paying a premium for immediate occupancy or capturing value in emerging developments. Always verify these figures against current market listings to ensure the data aligns with your specific budget and location preferences.
