Property rates in Surat average ₹4,400 per sq ft, reflecting a period of steady growth across the city. The market displays a diverse range of opportunities, with shop spaces commanding a premium at ₹16,700 per sq ft. Investors are taking note of the robust rental yield of 5.18%, which highlights the city's potential for steady returns. With a healthy pipeline of new launches, the real estate landscape remains active and attractive for prospective buyers.
Surat's real estate market exhibits a balanced growth trajectory, driven by strong demand across both residential and commercial segments. Recent trends indicate that while residential apartments maintain a stable price point, commercial assets like shops and office spaces have seen significant value appreciation. The rental market is particularly vibrant, offering healthy yields that attract investors looking for consistent income streams alongside capital appreciation. Current development activity is concentrated in well-established areas, with premium projects setting new benchmarks for luxury living.
Shop spaces have recorded a substantial 30.25% price increase, making them the top-performing asset class.
Under-construction projects show strong momentum with a 30.77% value gain, reflecting high buyer confidence.
Rental yields stand at 5.18%, providing a solid foundation for income-focused real estate portfolios.
The residential sector remains accessible, with apartments averaging ₹4,400 per sq ft.
Premium projects in Vesu, such as Sangini Evoq, are leading the luxury segment with rates around ₹7,050 per sq ft.
Market Strengths
Steady city-wide price appreciation reaching ₹4,400 per sq ft in early 2026.
Robust demand for commercial assets with office spaces appreciating by 15.77%.
Healthy rental income potential with a 5.18% yield on residential properties.
Diverse residential options with apartments averaging ₹4,400 per sq ft.
Strong buyer appetite for luxury residential projects in Vesu, with rates exceeding ₹7,000 per sq ft.
Positive momentum in the new launch segment, which has grown by 5.53%.
Market Challenges
Ready-to-move projects have seen a slight price correction of -3.98%, suggesting a competitive resale environment.
Mid-stage projects experienced a -3.78% price change, reflecting a cautious adjustment in the current supply cycle.
The rental market for shops has faced a -9.59% rate adjustment, indicating shifting commercial demand.
General residential rental rates have seen a significant -55.81% shift, requiring investors to carefully analyze specific unit-type demand.
Investment Opportunities
Shop spaces offer high growth potential with a 30.25% annual price appreciation.
Office space investments are yielding strong returns, supported by a 15.77% price increase.
The 5.18% rental yield makes Surat an attractive destination for buy-to-let residential investors.
Under-construction projects present a high-growth opportunity, having appreciated by 30.77% recently.
Top Micromarkets in Surat
Surat East
Avg Price₹ 2,700 /Sq.Ft.
YOY
+ 3.62 %
LISTINGS
411
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
287
Price Trend
Surat Property Price Trends and Appreciation
Property rates in Surat have shown a positive trend, moving from ₹4,350 per sq ft in late 2025 to ₹4,400 per sq ft by March 2026. This upward movement reflects consistent demand across the city's primary residential corridors. The steady climb in values highlights a stable market environment for both end-users and long-term investors.
Surat's real estate market offers a wide variety of options for different buyer needs. Shop spaces lead the market with an average price of ₹16,700 per sq ft, following a notable 30.25% growth. Office spaces are also performing well, priced at ₹8,100 per sq ft with a 15.77% increase. Meanwhile, villas and apartments provide more residential-focused opportunities, averaging ₹5,750 per sq ft and ₹4,400 per sq ft respectively.
The Surat market provides a balanced supply of properties at various construction stages to suit different investment timelines. Ready-to-move projects, which dominate the inventory with 212 units, are priced at ₹4,350 per sq ft. Meanwhile, under-construction projects are seeing rapid appreciation with a 30.77% increase to reach ₹3,600 per sq ft, while new launches provide 40 fresh opportunities at an average of ₹4,250 per sq ft.
Project & Developer Insights
Top Residential Projects and Developers in Surat
Top Developersin Surat
Tulsi Developers Surat leads in Surat with 2 projects and years of experience.
Premium residential developments in Vesu, Surat, are setting high benchmarks for the local market. Sangini Evoq leads the segment at ₹7,050 per sq ft, followed closely by projects like Rajhans Eronzza and Happy Home Celebrity Greens at ₹7,000 per sq ft. Sangini Vedanta has also seen a positive shift, rising 5.89% to reach ₹7,000 per sq ft, further cementing the area's status as a high-value residential hub.
Angel Palace in Kholvad stands out in the rental market, maintaining a steady rental rate of ₹19 per sq ft, with average rental rates for the project reaching ₹50 per sq ft.
Rental Trends
Rental Trends and Average Rent in Surat
Rental rates in Surat vary significantly based on unit size, with 2 BHK apartments averaging ₹26,000 per month. For larger space requirements, 3 BHK units command ₹41,050 per month, while 4 BHK residences average ₹89,300 per month. The luxury segment is represented by 6 BHK units, which reach an average of ₹3 Lakh per month. Commercial rental rates in Surat show distinct performance trends across property types. Office spaces have seen a significant 25.58% increase, averaging ₹50 per sq ft. In contrast, shop rentals have experienced a -9.59% adjustment, also averaging ₹50 per sq ft. Angel Palace in Kholvad stands out in the rental market, maintaining a steady rental rate of ₹19 per sq ft, with average rental rates for the project reaching ₹50 per sq ft.
Rental rates in Surat vary significantly based on unit size, with 2 BHK apartments averaging ₹26,000 per month. For larger space requirements, 3 BHK units command ₹41,050 per month, while 4 BHK residences average ₹89,300 per month. The luxury segment is represented by 6 BHK units, which reach an average of ₹3 Lakh per month.
Commercial rental rates in Surat show distinct performance trends across property types. Office spaces have seen a significant 25.58% increase, averaging ₹50 per sq ft. In contrast, shop rentals have experienced a -9.59% adjustment, also averaging ₹50 per sq ft.
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 is ₹4,400 per sq ft. This figure reflects an appreciation of 1.33% compared to the previous period, signaling a steady demand for residential properties in the city.
How have property prices in Surat trended over the recent quarters?
Property prices in Surat have shown a fluctuating trajectory, moving from ₹5,150 per sq ft in September 2025 to ₹4,350 per sq ft in December 2025, before recovering to ₹4,400 per sq ft by March 2026. This trend suggests a period of market correction followed by stabilization, which is a critical observation for investors looking to time their entry into the Surat real estate market.
How do property prices in Surat vary by property type?
Property prices in Surat vary significantly by type, with shops commanding the highest average asking price at ₹16,700 per sq ft, having appreciated by 30.25% compared to the previous period. Office spaces follow at ₹8,100 per sq ft, showing an appreciation of 15.77%, while villas are priced at ₹5,750 per sq ft with a 26.6% appreciation. Apartments, the most common residential choice, are priced at ₹4,400 per sq ft, reflecting a modest appreciation of 1.33%.
What is the price difference between ready-to-move and under-construction projects in Surat?
As of June 2026, ready-to-move projects in Surat are priced at an average of ₹4,350 per sq ft, which represents a depreciation of 3.98% compared to the previous period. In contrast, under-construction projects are currently priced at ₹3,600 per sq ft, showing a significant appreciation of 30.77% over the same timeframe. This indicates that while ready-to-move units offer immediate occupancy, under-construction properties are currently seeing a sharper growth in pricing as development progresses.
What is the average rental yield in Surat, and what does it mean for investors?
The average rental yield in Surat stands at 5.18% as of June 2026, providing a clear indicator of the income-generating potential of residential assets in the city. When paired with the current average asking price of ₹4,400 per sq ft, this yield suggests a balanced environment for buy-to-let investors who are looking for consistent rental returns alongside potential capital appreciation.
How do rental rates in Surat differ across various BHK configurations?
Rental rates in Surat vary based on the size of the unit, with 2 BHK apartments averaging ₹26,000 per month and 3 BHK units at ₹41,050 per month. Larger configurations command higher premiums, with 4 BHK units averaging ₹89,300 per month and 6 BHK units reaching up to ₹3 Lakh per month. These figures help tenants and landlords align their expectations with the current market demand for different living space requirements.
Which projects in Surat currently command the highest listing rates?
Several premium projects in the Vesu locality of Surat North currently lead in listing rates, with Sangini Evoq topping the list at ₹7,050 per sq ft, having seen a marginal appreciation of 0.01%. Other notable projects such as Rajhans Eronzza, Happy Home Celebrity Greens, Sangini Vedanta, and Rajhans Cremona are all listed at ₹7,000 per sq ft. Specifically, Sangini Vedanta has shown a strong appreciation of 5.89%, while others like Rajhans Eronzza and Rajhans Cremona have maintained stable pricing with 0% change, reflecting their established premium status in the market.
How should a buyer interpret the rental rates for shops and office spaces in Surat?
As of June 2026, both shops and office spaces in Surat command an average rental rate of ₹50 per sq ft. While shop rentals have experienced a depreciation of 9.59% compared to the previous period, office space rentals have shown a robust appreciation of 25.58%. This divergence suggests that the commercial office sector is currently seeing stronger demand growth compared to the retail shop segment, which may influence investment decisions for commercial property seekers.
