Property rates in Surat average ₹4,400 per sq ft. Market activity shows a steady upward trend, climbing from ₹4,350 in late 2025 to ₹4,550 per sq ft by mid-2026. The city features a robust commercial segment, with shop rates reaching ₹16,700 per sq ft. Investors are taking note of a healthy rental yield of 5.18%, while premium residential projects in Vesu continue to command high-value benchmarks, with several properties priced around ₹7,000 per sq ft.
The Surat real estate sector is currently defined by rising capital values and a strong commercial rental market. While residential property remains accessible, premium developments in Vesu are pushing the upper limits of the city's valuation. Rental demand is particularly focused on larger configurations, reflecting a shift in tenant preferences toward spacious living. The diverse supply of properties, ranging from ready-to-move units to under-construction projects, provides ample choice for both end-users and investors looking for long-term growth.
Shop prices have seen a significant jump, rising by 30.25% to reach an average of ₹16,700 per sq ft.
Under-construction projects have experienced a sharp growth of 53.61%, highlighting strong buyer interest in new developments.
Residential rental yields are holding firm at 5.18%, offering consistent returns for property owners.
Large-format apartments, specifically 6 BHK units, command monthly rents as high as ₹3 Lakh.
Vesu remains the city's premier residential hub, with top projects like Sangini Evoq listed at ₹7,050 per sq ft.
Market Strengths
Strong commercial growth with office spaces seeing a 15.77% increase in value.
High demand for premium living in Vesu, with projects consistently priced above ₹7,000 per sq ft.
Robust rental yield of 5.18% for residential assets.
Diverse property mix ranging from affordable apartments to luxury villas.
Steady quarter-on-quarter capital appreciation in the residential sector.
Market Challenges
Ready-to-move residential units have seen a price correction of -4.22%.
Shop rental rates have experienced a decline of -9.09% over the past year.
Average rental rates across the city have faced a downward pressure of -55.81%.
Investment Opportunities
Commercial shops offer significant capital appreciation with a 30.25% annual growth rate.
Rental yield of 5.18% provides a stable income stream for residential property investors.
Villas show strong growth potential, with prices increasing by 26.6% to reach ₹5,750 per sq ft.
Under-construction projects are seeing high demand, indicated by a 53.61% price increase.
Top Micromarkets in Surat
Surat East
Avg Price₹ 2,700 /Sq.Ft.
YOY
+ 3.62 %
LISTINGS
415
Surat West
Avg Price₹ 4,000 /Sq.Ft.
YOY
+ 0.86 %
LISTINGS
199
Surat North
Avg Price₹ 4,800 /Sq.Ft.
YOY
+ 1.44 %
Avg Rent₹ 45 /Sq.Ft.
YIELD
+ 11.25
LISTINGS
611
Surat South
Avg Price₹ 4,500 /Sq.Ft.
YOY
-2.39 %
LISTINGS
253
Price Trend
Surat Property Price Trends and Appreciation
Surat's residential market has witnessed a consistent increase in property rates over recent quarters. Starting at ₹4,350 per sq ft in December 2025, prices rose to ₹4,400 by March 2026. The upward momentum continued into June 2026, with the average city rate reaching ₹4,550 per sq ft.
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% increase. Residential options range from apartments priced at ₹4,550 per sq ft with a 3.2% rise, to villas at ₹5,750 per sq ft showing 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 215 units, averages ₹4,350 per sq ft, while under-construction projects present 107 opportunities at ₹4,250 per sq ft, showing a significant 53.61% growth. New launch projects, totaling 43 units, are priced at ₹4,250 per sq ft, offering a balanced mix for those looking at both immediate and future possession.
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 in Vesu. Leading the segment, Sangini Evoq is priced at ₹7,050 per sq ft, setting a high-value benchmark. Other notable projects like Rajhans Eronzza, Happy Home Celebrity Greens, and Sangini Vedanta are consistently priced at ₹7,000 per sq ft, representing the aspirational segment of the market.
Angel Palace in Kholvad stands out as a key rental project, maintaining a current rate of ₹19 per sq ft.
Rental Trends
Rental Trends and Average Rent in Surat
Rental demand is robust across varied configurations, with 2 BHK apartments averaging ₹25,200 per month and 3 BHK units at ₹35,200 per month. Larger luxury segments are also active, with 4 BHK apartments renting for ₹88,350 per month, while expansive 6 BHK units command a premium of ₹3 Lakh per month. Rental rates across major property types, including shops, office spaces, villas, and apartments, currently hover around ₹50 per sq ft. While office space rentals have seen a growth of 5.56%, shop rentals have experienced a marginal decline of -9.09%. Angel Palace in Kholvad stands out as a key rental project, maintaining a current rate of ₹19 per sq ft.
Rental demand is robust across varied configurations, with 2 BHK apartments averaging ₹25,200 per month and 3 BHK units at ₹35,200 per month. Larger luxury segments are also active, with 4 BHK apartments renting for ₹88,350 per month, while expansive 6 BHK units command a premium of ₹3 Lakh per month.
Rental rates across major property types, including shops, office spaces, villas, and apartments, currently hover around ₹50 per sq ft. While office space rentals have seen a growth of 5.56%, shop rentals have experienced a marginal decline of -9.09%.
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 1.33% compared to the previous period, signaling a resilient demand for residential properties across the city.
How have property prices in Surat trended over the last few quarters?
Property prices in Surat have shown a positive trajectory, moving from ₹4,350 per sq ft in December 2025 to ₹4,400 per sq ft in March 2026, and reaching ₹4,550 per sq ft by June 2026. This consistent quarterly growth indicates sustained buyer interest and a tightening supply-demand balance in the city's real estate market.
How do property rates in Surat vary by property type?
Property rates in Surat vary significantly based on the asset class, with shops commanding the highest average price at ₹16,700 per sq ft, which has appreciated by 30.25% compared to the previous period. Office spaces are priced at ₹8,100 per sq ft (up 15.77%), villas at ₹5,750 per sq ft (up 26.6%), and apartments at ₹4,550 per sq ft, which saw a 3.2% appreciation.
What is the price difference between ready-to-move and under-construction properties in Surat?
As of June 2026, ready-to-move properties in Surat are priced at an average of ₹4,350 per sq ft, reflecting a depreciation of 4.22% compared to the previous period. In contrast, under-construction projects are currently priced at ₹4,250 per sq ft, showing a significant appreciation of 53.61% over the same timeframe, which suggests a strong investor confidence in new project developments.
What is the average rental yield in Surat, and what does it mean for investors?
The average rental yield in Surat is 5.18% as of June 2026, providing a clear indicator of the income-generating potential for property owners. With an average rental rate of ₹19 per sq ft, which has seen a depreciation of 55.81% compared to the previous period, investors should carefully evaluate the balance between capital appreciation and recurring rental income when considering entry points in the market.
What are the typical rental rates for different BHK configurations in Surat?
Rental rates in Surat vary by unit size, with 2 BHK apartments averaging ₹25,200 per month and 3 BHK units averaging ₹35,200 per month as of June 2026. For larger configurations, 4 BHK units command an average of ₹88,350 per month, while 6 BHK apartments reach up to ₹3 Lakh per month, reflecting a premium for larger living spaces in the city.
How do rental rates compare across different property types in Surat?
Rental rates for shops, office spaces, villas, and apartments in Surat all currently average ₹50 per sq ft as of June 2026. While apartment and villa rental rates remained stable with a 0% change, office spaces experienced an appreciation of 5.56%, whereas shop rentals saw a depreciation of 9.09% compared to the previous period.
Which projects in Surat currently command the highest listing rates?
As of June 2026, several projects in the Vesu locality of Surat North dominate the market with high listing rates, led by Sangini Evoq at ₹7,050 per sq ft, which has seen a marginal appreciation of 0.01%. Other premium projects such as Rajhans Eronzza, Happy Home Celebrity Greens, Sangini Vedanta, and Rajhans Cremona are all listed at ₹7,000 per sq ft, with Sangini Vedanta showing a notable appreciation of 5.89% compared to the previous period.
How should a buyer interpret the current property rate data for Surat?
Buyers should use the June 2026 data to identify value by comparing the average city rate of ₹4,550 per sq ft against specific project status and property types. For instance, the significant appreciation in under-construction projects (53.61%) compared to the depreciation in ready-to-move units (-4.22%) highlights a shifting market dynamic where new launches may be attracting more capital interest, allowing buyers to make informed decisions based on their risk appetite and timeline.
