Property rates in Surat average ₹4,550 per sq ft. This reflects a steady upward trend over the past three quarters, moving from ₹4,350 to the current level. The city features a robust rental yield of 5.01%, highlighting its appeal for investors. Notably, the commercial segment shows significant growth, with shop prices reaching ₹16,700 per sq ft, while residential apartment options remain accessible, providing a balanced landscape for both long-term buyers and rental income seekers.
Surat's property landscape demonstrates consistent appreciation, with average residential prices climbing steadily to reach ₹4,550 per sq ft by mid-2026. The market showcases a healthy diversity in asset classes, where commercial properties like shops and office spaces command premium valuations compared to residential units. Rental activity remains strong across the city, supported by a 5.01% yield that attracts investors looking for stable monthly returns. Developers are actively catering to different buyer segments, balancing ready-to-move stock with new project launches to meet evolving housing needs. This combination of rising capital values and consistent rental demand positions Surat as a resilient real estate destination.
Shop prices have surged by 30.25%, reaching an average of ₹16,700 per sq ft.
Ready-to-move projects offer stability with 286 units available at an average of ₹4,400 per sq ft.
The rental market is active, with 3 BHK apartments averaging ₹37,550 per month.
Under-construction projects reflect developer confidence with an average price of ₹4,600 per sq ft.
High-end residential options like D and M Elysium Avenue reach premium rates of ₹11,700 per sq ft.
Market Strengths
A healthy rental yield of 5.01% highlights the city's attractiveness for real estate investors.
Ready-to-move inventory provides immediate options for homebuyers, with 286 units available.
Strong double-digit growth in commercial property segments indicates robust business and economic activity in Surat.
A diverse range of residential options exists, from apartments at ₹4,550 per sq ft to premium villas at ₹5,750 per sq ft.
Consistently rising property rates over the last three quarters point to a stable and growing market.
Under-construction projects show an 8.15% price increase, reflecting ongoing demand for new housing developments.
Market Challenges
Mid-stage construction projects have seen a price correction of -17.45%, suggesting potential volatility in specific development phases.
Rental rates for shops have experienced a -9.09% decline, indicating a shift in demand within the commercial rental segment.
New launch projects recorded a minor price dip of -0.9%, reflecting a competitive initial pricing environment.
Investment Opportunities
Commercial shops present a high-growth opportunity with a 30.25% price increase, currently averaging ₹16,700 per sq ft.
Villas show strong capital appreciation potential, having recorded a 26.6% increase to reach ₹5,750 per sq ft.
Office spaces offer a stable investment avenue with a 15.77% growth rate and an average price of ₹8,100 per sq ft.
The 5.01% rental yield provides a compelling case for buy-to-let investors seeking consistent monthly income.
Top Micromarkets in Surat
Surat East
Avg Price₹ 2,700 /Sq.Ft.
YOY
+ 3.62 %
LISTINGS
353
Surat West
Avg Price₹ 4,000 /Sq.Ft.
YOY
+ 0.86 %
LISTINGS
183
Surat North
Avg Price₹ 4,800 /Sq.Ft.
YOY
+ 1.44 %
Avg Rent₹ 45 /Sq.Ft.
YIELD
+ 11.25
LISTINGS
231
Surat South
Avg Price₹ 4,500 /Sq.Ft.
YOY
-2.39 %
LISTINGS
97
Price Trend
Surat Property Price Trends and Appreciation
The Surat market has experienced a clear upward trend in property values over the past several months. Rates climbed from ₹4,350 per sq ft in late 2025 to ₹4,400 per sq ft in early 2026. This momentum continued into the middle of 2026, with average prices reaching ₹4,550 per sq ft, reflecting sustained buyer interest.
Surat's real estate market caters to diverse buyer preferences across property categories. Commercial spaces lead the premium segment, with shops averaging ₹16,700 per sq ft after a 30.25% increase and office spaces at ₹8,100 per sq ft following a 15.77% rise. Residential options are anchored by apartments at ₹4,550 per sq ft, while villas offer a more premium residential choice at ₹5,750 per sq ft with a 26.6% growth rate.
The Surat market offers properties across various development stages catering to different buyer timelines. Ready-to-move inventory, comprising 286 units, averages ₹4,400 per sq ft, while under-construction projects present 150 opportunities at a slightly higher average of ₹4,600 per sq ft. New launch projects are positioned at ₹4,200 per sq ft, providing entry points for those looking at future-ready investments.
Project & Developer Insights
Top Residential Projects and Developers in Surat
Top Developersin Surat
Reyom Realty leads in Surat with 3 projects and years of experience.
Premium residential developments in Surat are commanding significant asking prices, reflecting their luxury positioning. D and M Elysium Avenue in Piplod leads the market at ₹11,700 per sq ft. Other notable projects like Shree Krishna Atlanta Eliza in Vesu are priced at ₹7,800 per sq ft, while Roland Towers in Rundh Magdalla holds steady at ₹7,600 per sq ft. These top-tier developments signify the growing demand for high-quality living spaces in prime localities.
Angel Palace in the Kholvad area of Surat North stands out in the rental market, currently offering units at a rental rate of ₹19 per sq ft.
Rental Trends
Rental Trends and Average Rent in Surat
Residential rental demand is well-segmented by unit size, with 2 BHK apartments averaging ₹25,200 per month. Larger 3 BHK units command an average of ₹37,550 per month, while luxury 4 BHK residences reach ₹88,350 per month. For those seeking expansive living, 6 BHK apartments are available at an average of ₹3 Lakh per month. Rental rates across property types remain highly competitive, with shops, office spaces, villas, and apartments all averaging ₹50 per sq ft. While office space rentals have seen a 5.56% increase, shop rentals have experienced a -9.09% adjustment over the past year. Angel Palace in the Kholvad area of Surat North stands out in the rental market, currently offering units at a rental rate of ₹19 per sq ft.
Residential rental demand is well-segmented by unit size, with 2 BHK apartments averaging ₹25,200 per month. Larger 3 BHK units command an average of ₹37,550 per month, while luxury 4 BHK residences reach ₹88,350 per month. For those seeking expansive living, 6 BHK apartments are available at an average of ₹3 Lakh per month.
Rental rates across property types remain highly competitive, with shops, office spaces, villas, and apartments all averaging ₹50 per sq ft. While office space rentals have seen a 5.56% increase, shop rentals have experienced a -9.09% adjustment over the past year.
Frequently Asked Questions About Property Rates in Surat
What is the current average asking price in Surat as of June 2026?
As of June 2026, the average asking price in Surat stands at ₹4,550 per sq ft. This figure reflects an appreciation of 3.56% compared to previous periods, indicating a steady demand for residential properties across the city. Investors and homebuyers can view this trend as a sign of a maturing real estate market with consistent value growth.
How have property prices in Surat trended over the last few quarters?
Property prices in Surat have shown a fluctuating trajectory throughout the recent quarters. The average city rate moved from ₹5,150 per sq ft in September 2025 to ₹4,350 per sq ft in December 2025, followed by a rise to ₹4,400 per sq ft in March 2026, and reaching ₹4,550 per sq ft by June 2026. This recovery in the first half of 2026 suggests a stabilization of market sentiment after the volatility observed in late 2025.
How do property rates in Surat vary by property type?
Property rates in Surat vary significantly based on the asset class as of June 2026. Shops currently command the highest average price at ₹16,700 per sq ft, having appreciated by 30.25%. Office spaces are priced at ₹8,100 per sq ft, reflecting an appreciation of 15.77%, while villas are at ₹5,750 per sq ft with a 26.6% appreciation. Apartments remain the most accessible residential option at ₹4,550 per sq ft, showing a stable appreciation of 3.56%.
What is the price difference between ready-to-move and under-construction properties in Surat?
As of June 2026, under-construction properties in Surat are priced at an average of ₹4,600 per sq ft, which has appreciated by 8.15% compared to previous periods. In contrast, ready-to-move properties are priced at ₹4,400 per sq ft, showing a modest appreciation of 1.17%. The higher price point for under-construction units often reflects the premium associated with modern amenities and newer project specifications in emerging developments.
What is the average rental yield in Surat, and what does it mean for investors?
The average rental yield in Surat is 5.01% as of June 2026, with an average rental rate of ₹19 per sq ft. This yield indicates a healthy return on investment for property owners, particularly when balanced against the city's average capital appreciation. For investors, a 5.01% yield suggests that the rental market is providing a consistent income stream, making it a viable consideration for those looking beyond simple capital gains.
How do rental rates in Surat differ across various apartment configurations?
Rental rates in Surat scale significantly with the size of the unit as of June 2026. A 2 BHK apartment rents for an average of ₹25,200 per month, while a 3 BHK unit averages ₹37,550 per month. For larger requirements, 4 BHK apartments command an average of ₹88,350 per month, and 6 BHK units can reach up to ₹3 Lakh per month. This tiered pricing allows tenants to choose options that align with their specific space needs and budget.
Which projects in Surat currently command the highest listing rates?
As of June 2026, D and M Elysium Avenue in Piplod leads the market with a listing rate of ₹11,700 per sq ft, maintaining stable pricing. Other premium projects include Shree Krishna Atlanta Eliza in Vesu at ₹7,800 per sq ft, which has seen a significant appreciation of 69.31%, and Roland Towers in Rundh Magdalla at ₹7,600 per sq ft. These projects represent the higher end of the market, often characterized by superior location advantages and high-end infrastructure.
How should a buyer interpret the current property status data in Surat?
Buyers in Surat should note that as of June 2026, the market offers a diverse range of statuses, from ready-to-move units at ₹4,400 per sq ft to under-construction projects at ₹4,600 per sq ft. While ready-to-move units offer immediate possession and lower risk, under-construction projects are currently seeing a higher appreciation rate of 8.15%, suggesting strong demand for newer developments. Mid-stage projects are currently seeing a price correction of -17.45%, which may present a value opportunity for patient investors.
