Property rates in Surat average ₹4,400 per sq ft. After witnessing some volatility in mid-2025, the market has stabilized near this current valuation as of March 2026. The city provides a wide spectrum of investment options, with commercial shop spaces reaching premium rates of ₹16,700 per sq ft. Meanwhile, the rental market is robust, particularly for residential apartments where investors can expect an attractive rental yield of 5.18 percent.
The real estate landscape in Surat demonstrates a maturing market environment with distinct segments catering to diverse investor needs. While residential apartment pricing remains steady at ₹4,400 per sq ft, commercial segments like shops and office spaces have seen significant appreciation, highlighting a strong demand for business infrastructure. The rental sector is equally active, providing competitive yields that draw interest from income-focused investors. Development activity remains concentrated in established localities, with a healthy mix of ready-to-move and new launch projects.
Commercial shop spaces have experienced a notable growth of 30.25%, with current average prices at ₹16,700 per sq ft.
The residential rental market yields a 5.18% return, supported by steady demand for apartments ranging from 2 BHK to 6 BHK units.
Under-construction projects show strong momentum with a 30.77% price increase, currently averaging ₹3,600 per sq ft.
Premium residential developments in Vesu, such as Sangini Evoq, are consistently priced around the ₹7,050 per sq ft mark.
Office spaces are seeing sustained interest with a 15.77% price appreciation, currently averaging ₹8,100 per sq ft.
Market Strengths
Strong rental yield of 5.18% indicates a healthy demand for leased residential properties.
Significant 30.25% price growth in shop segments underscores robust commercial real estate health.
Diverse residential inventory with over 200 ready-to-move units provides immediate options for buyers.
High-end residential projects in Vesu maintain premium pricing levels above ₹7,000 per sq ft.
Office space demand remains positive with a 15.77% growth in capital values.
New launch activity with 40 units suggests continued developer confidence in the Surat market.
Market Challenges
Ready-to-move residential projects have seen a slight price correction of -3.98%.
Mid-stage project pricing has softened by -3.78% compared to previous periods.
The average rental rate for shops has experienced a decline of -9.59%.
Overall average rental rates across the city have seen a significant downward adjustment of -55.81%.
Investment Opportunities
Commercial shop spaces offer high capital appreciation potential with a 30.25% annual growth rate.
Residential apartments provide a consistent rental yield of 5.18% for long-term income seekers.
Under-construction projects present a value entry point at ₹3,600 per sq ft with a 30.77% price growth trend.
Office spaces in the city are a strong investment asset, currently priced at ₹8,100 per sq ft with a 15.77% increase.
Top Micromarkets in Surat
Surat East
Avg Price₹ 2,700 /sqft
YOY
+ 3.62 %
LISTINGS
473
Surat West
Avg Price₹ 4,000 /sqft
YOY
+ 0.86 %
LISTINGS
201
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
390
Price Trend
Surat Property Price Trends and Appreciation
The Surat market has navigated a period of price adjustment over the past year. Following higher valuations in mid-2025, rates moderated to ₹4,350 per sq ft by December 2025. By March 2026, the market reached a stable position at ₹4,400 per sq ft, signaling renewed confidence among buyers.
Surat's real estate market offers a diverse range of options for both end-users and investors. Commercial shop spaces lead the premium segment, averaging ₹16,700 per sq ft after a 30.25% increase, while office spaces also show strong growth at 15.77% to reach ₹8,100 per sq ft. Residential villas are priced at ₹5,750 per sq ft, and standard apartments remain the most accessible segment at ₹4,400 per sq ft.
The market inventory caters to various timelines, with 212 ready-to-move units currently averaging ₹4,350 per sq ft. Buyers looking for future value can explore 177 mid-stage projects priced at ₹4,500 per sq ft. Additionally, new launches are entering the market at ₹4,250 per sq ft, while a select supply of under-construction projects is seeing significant price appreciation to reach ₹3,600 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 Vesu continue to command high valuations, setting the benchmark for luxury living in Surat. Sangini Evoq leads the segment at ₹7,050 per sq ft, followed closely by Rajhans Eronzza, Happy Home Celebrity Greens, and Sangini Vedanta, all maintaining a price point of ₹7,000 per sq ft. Other notable projects like Nova Shantinath and Rajhans Altezza are priced at ₹6,950 per sq ft, offering diverse high-end options for discerning buyers.
Angel Palace in Kholvad stands out in the rental market, offering an average rental rate of ₹50 per sq ft, with the current rate for the project holding steady at ₹19 per sq ft.
Rental Trends
Rental Trends and Average Rent in Surat
Residential rental rates in Surat scale according to unit size, starting with 2 BHK apartments at an average of ₹26,000 per month. Larger 3 BHK units command approximately ₹41,050 per month, while 4 BHK spaces reach ₹89,300 per month. For those seeking luxury, 6 BHK apartments are available at an average of ₹3 Lakh per month. The rental market shows varied performance across asset classes. Office spaces have seen a significant 25.58% growth in rental rates to reach ₹50 per sq ft. Meanwhile, shop rentals have experienced a moderate adjustment, now averaging ₹50 per sq ft with a -9.59% change. Angel Palace in Kholvad stands out in the rental market, offering an average rental rate of ₹50 per sq ft, with the current rate for the project holding steady at ₹19 per sq ft.
Residential rental rates in Surat scale according to unit size, starting with 2 BHK apartments at an average of ₹26,000 per month. Larger 3 BHK units command approximately ₹41,050 per month, while 4 BHK spaces reach ₹89,300 per month. For those seeking luxury, 6 BHK apartments are available at an average of ₹3 Lakh per month.
The rental market shows varied performance across asset classes. Office spaces have seen a significant 25.58% growth in rental rates to reach ₹50 per sq ft. Meanwhile, shop rentals have experienced a moderate adjustment, now averaging ₹50 per sq ft with a -9.59% change.
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 as of March 2026. This figure reflects a modest appreciation of 1.33% compared to the previous quarter, indicating a stable and 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 fluctuating trajectory, moving from ₹5,450 per sq ft in June 2025 to ₹5,150 per sq ft in September 2025, followed by ₹4,350 per sq ft in December 2025, and reaching ₹4,400 per sq ft in March 2026. This recent upward movement from December 2025 to March 2026 suggests that the market is beginning to stabilize after the corrections observed in the latter half of 2025.
How do property rates in Surat vary by property type?
Property rates in Surat vary significantly by type as of March 2026, with shops commanding the highest average 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, showing an appreciation of 15.77%, while villas are priced at ₹5,750 per sq ft, reflecting a strong appreciation of 26.6%. Apartments remain the most accessible segment at ₹4,400 per sq ft, which has seen a stable appreciation of 1.33% over the same timeframe.
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 ₹4,350 per sq ft, which has seen a depreciation of 3.98% compared to the previous period, likely reflecting a market adjustment. In contrast, under-construction projects are currently priced at ₹3,600 per sq ft, marking a significant appreciation of 30.77% over the same period, which may signal increased buyer interest in newer developments or a correction from previously lower entry points.
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 March 2026, a key metric for investors evaluating the income potential of their assets relative to the capital invested. While the overall average rental rate is ₹19 per sq ft, this figure has seen a depreciation of 55.81% from the previous period, suggesting that investors should carefully analyze specific micromarkets and property types to identify pockets of higher rental demand and stability.
How do rental rates in Surat differ across various BHK configurations?
Rental rates in Surat vary significantly based on the size of the unit as of March 2026. A 2 BHK apartment averages ₹26,000 per month, while a 3 BHK unit commands an average of ₹41,050 per month. For larger requirements, 4 BHK units are available at an average of ₹89,300 per month, and premium 6 BHK apartments can reach up to ₹3 Lakh per month, catering to diverse tenant profiles ranging from young professionals to large families.
Which projects in Surat currently command the highest listing rates?
The highest listing rates in Surat are primarily concentrated in the Vesu locality of Surat North as of March 2026. Projects such as Sangini Evoq lead the market at ₹7,050 per sq ft (appreciating by 0.01%), followed by Rajhans Eronzza, Happy Home Celebrity Greens, and Rajhans Cremona, all priced at ₹7,000 per sq ft. These projects maintain stable pricing, reflecting their premium positioning and sustained demand within the city's real estate landscape.
How should a buyer interpret the data on this property rates page?
Buyers should use this data to understand the current market valuation and historical trends in Surat as of March 2026. By comparing the average asking price of ₹4,400 per sq ft against specific property types and project statuses, users can identify whether they are paying a premium for ready-to-move units or finding value in under-construction projects. The provided appreciation and depreciation percentages help in assessing whether a specific segment is currently in a growth phase or undergoing a market correction.
