Property Rates in Surat - Avg ₹4,550/sq ft

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Property Rates in Surat

Property rates in Surat average ₹4,550 per sq ft, reflecting a steady upward trend from ₹4,350 per sq ft in late 2025. The market shows strong commercial demand, with shop prices reaching ₹16,700 per sq ft. Investors are seeing a healthy rental yield of 5.01%, supported by consistent demand across residential and commercial segments. This growth trajectory highlights Surat's position as a dynamic hub for both homebuyers and long-term real estate investors.

Asking Sale Price

₹ 4,550/Sq.Ft.

For apartment

Average Rental

₹ 19/Sq.Ft.

Rental Yield

+ 5.01%

Insights

Insights for Surat Real Estate Market Overview

Surat's real estate sector is witnessing consistent appreciation, with city-wide property rates climbing to ₹4,550 per sq ft. The market demonstrates a healthy balance, with residential apartments maintaining steady growth while commercial assets like shops and office spaces command significant premiums. Rental activity remains robust, supported by a 5.01% yield that attracts investors seeking reliable income streams. Development remains active, with a diverse mix of ready-to-move and under-construction projects ensuring options for every category of buyer.

Shop prices have surged by 30.25%, reaching an average of ₹16,700 per sq ft.
Office space properties have seen a 15.77% increase, now averaging ₹8,100 per sq ft.
Under-construction projects are attracting buyers at an average rate of ₹4,600 per sq ft.
Ready-to-move inventory remains the backbone of the market, with 286 units available at an average of ₹4,400 per sq ft.
Rental yields for residential properties stand at a competitive 5.01%, with 3 BHK apartments averaging ₹37,550 per month.

Market Strengths

Strong 30.25% growth in shop property values.
Healthy 5.01% rental yield for residential property investors.
Large inventory of 286 ready-to-move units provides immediate options for buyers.
Consistent quarterly price appreciation from ₹4,350 to ₹4,550 per sq ft.
Robust demand for office space with 15.77% price growth.

Market Challenges

Mid-stage projects have seen a price correction of -17.45%.
New launch projects experienced a slight decline of -0.9% in average pricing.
Shop rental rates have faced a decrease of -9.09%.

Investment Opportunities

Commercial shops offer high growth potential with a 30.25% price increase.
Residential rental yield of 5.01% provides a stable income opportunity for investors.
Office space investments have appreciated by 15.77%, reflecting strong business demand.
Under-construction projects show an 8.15% growth, indicating high demand for new supply.

Top Micromarkets in Surat

Surat East

Avg Price ₹ 2,750 /Sq.Ft.

YOY + 1.78 %

LISTINGS 369

Surat West

Avg Price ₹ 4,200 /Sq.Ft.

YOY + 5.17 %

Avg Rent ₹ 57 /Sq.Ft.

YIELD + 16.29

LISTINGS 187

Surat North

Avg Price ₹ 4,850 /Sq.Ft.

YOY + 1.69 %

Avg Rent ₹ 22 /Sq.Ft.

YIELD + 5.44

LISTINGS 236

Surat South

Avg Price ₹ 4,900 /Sq.Ft.

YOY + 9.03 %

LISTINGS 146

Price Trend

Surat Property Price Trends and Appreciation

The Surat market has shown a consistent upward trajectory over the last three quarters. Rates climbed from ₹4,350 per sq ft in December 2025 to ₹4,400 per sq ft by March 2026. This momentum continued into June 2026, with prices reaching ₹4,550 per sq ft.

Asking Price Trends

₹ 4,550/Sq.Ft + 3.56 % QoQ

Dec 2025 — Sep 2026

Quarter	City Rate
Sep 2026	0
Jun 2026	4550
Mar 2026	4400
Dec 2025	4350

About Asking Price Trends

Surat Property Price Comparison

By Property Type
By Property Status

Type	Rate (₹/Sq.Ft)	Change %
Shop	16,700	30.3
Office Space	8,100	15.8
Villa	5,750	26.6
Apartment	4,550	3.6

Surat's real estate market offers a wide range of options for diverse buyer needs. Shops lead the premium segment with an average price of ₹16,700 per sq ft, reflecting a 30.25% increase, while office spaces follow at ₹8,100 per sq ft. Residential demand is anchored by apartments priced at ₹4,550 per sq ft and villas at ₹5,750 per sq ft, both showing positive growth trends.

Status	No of Project	Rate (₹/Sq.Ft)	Change %
Ready To Move	286	4,400	1.2
Under Construction	150	4,600	8.2
New Launch	17	4,200	-0.9

The market provides varied options based on project completion timelines. Ready-to-move inventory, with 286 units available, averages ₹4,400 per sq ft, while 150 under-construction projects are priced at ₹4,600 per sq ft. These segments allow buyers to choose between immediate possession or investing in newer developments.

Project & Developer Insights

Top Residential Projects and Developers in Surat

Reyom Realty ₹ 93.2 L - ₹ 93.2 L

3 Projects

Tulsi Developers Surat ₹ 1.12 Cr - ₹ 1.25 Cr

2 Projects

Govindji Group

2 Projects

Vaghani Developers ₹ 17 L - ₹ 19.31 L

1 Projects

Shaligram Probuild

1 Projects

Yashvi Developers

1 Projects

Vardan Developers

1 Projects

Amar Realty Surat

1 Projects

Cygni Realty

1 Projects

Shree Hari Group Surat ₹ 29.51 L - ₹ 40.75 L

1 Projects

Top Projects by Listing Rates

Listing Rate
By Rental

Project Name	Rate (₹/Sq.Ft)	Change %
D And M Elysium Avenue, Piplod	11,700	-
Shree Krishna Atlanta Eliza, Vesu	7,800	69.3
Roland Towers, Rundh Magdalla	7,600	-
Sangini Evoq, Vesu	7,050	-
Sangini Lakeville, Vesu	7,000	54.1
Nova Shantinath, Vesu	6,950	-
Pioneer Luxury, Bhimrad	6,900	52.3
Vee Sangini Siddhanta, Vesu	6,800	-
Shukan Lifestyle, Pal	6,800	67.3
Murlidhar Milestone Elitus, Vesu	6,650	37.2

Premium residential developments in Surat are setting high-value benchmarks. D and M Elysium Avenue leads the market with an asking price of ₹11,700 per sq ft. Other notable projects include Shree Krishna Atlanta Eliza at ₹7,800 per sq ft and Roland Towers at ₹7,600 per sq ft, both highlighting the high demand for luxury living in prime locations.

Project Name	Rate (₹/Sq.Ft)	Change %
Angel Palace, Kholvad	19	-

Angel Palace in Kholvad 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 rentals in Surat cater to various family sizes, with 2 BHK apartments averaging ₹25,200 per month. Larger 3 BHK units command an average of ₹37,550 per month, while premium 4 BHK and 6 BHK properties are priced at ₹88,350 and ₹3 Lakh per month respectively. Rental rates across property types are currently stable in Surat. Shops, office spaces, villas, and apartments all maintain an average rental rate of ₹50 per sq ft. Notably, office spaces have seen a 5.56% increase in rental rates, while shops have experienced a -9.09% change. Angel Palace in Kholvad stands out in the rental market, currently offering units at a rental rate of ₹19 per sq ft.

Surat Rent Comparison

By Unit Type
By Property Type

Unit Type	Rate (₹)
2 Bhk	25,200
3 Bhk	37,550
4 Bhk	88,350
6 Bhk	3,00,000

Property Type	Rate (₹/Sq.Ft)	Change %
Shop	50	-9.1
Office Space	50	5.6
Villa	50	-
Apartment	50	-

Rental rates across property types are currently stable in Surat. Shops, office spaces, villas, and apartments all maintain an average rental rate of ₹50 per sq ft. Notably, office spaces have seen a 5.56% increase in rental rates, while shops have experienced a -9.09% change.

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 37,700 /Sq.Ft

Govt Registration Rate ₹ 18,300 /Sq.Ft

Delhi

Avg. Asking Price ₹ 18,200 /Sq.Ft

Thane

Avg. Asking Price ₹ 16,000 /Sq.Ft

Govt Registration Rate ₹ 9,650 /Sq.Ft

Gurgaon

Avg. Asking Price ₹ 15,100 /Sq.Ft

Pune

Avg. Asking Price ₹ 13,550 /Sq.Ft

Govt Registration Rate ₹ 8,750 /Sq.Ft

Noida

Avg. Asking Price ₹ 12,650 /Sq.Ft

Govt Registration Rate ₹ 9,100 /Sq.Ft

Bangalore

Avg. Asking Price ₹ 12,400 /Sq.Ft

Chennai

Avg. Asking Price ₹ 9,200 /Sq.Ft

Kolkata

Avg. Asking Price ₹ 6,800 /Sq.Ft

Lucknow

Avg. Asking Price ₹ 6,600 /Sq.Ft

Govt Registration Rate ₹ 7,550 /Sq.Ft

Top Localities in Surat By Property Prices

Bharthana

Avg. Asking Price ₹ 6,800 /Sq.Ft

Parvat Patiya

Avg. Asking Price ₹ 6,600 /Sq.Ft

VIP Road Vesu

Avg. Asking Price ₹ 6,100 /Sq.Ft

Rundh Magdalla

Avg. Asking Price ₹ 5,900 /Sq.Ft

New City Light

Avg. Asking Price ₹ 5,650 /Sq.Ft

Kumbhariya

Avg. Asking Price ₹ 5,650 /Sq.Ft

City Light

Avg. Asking Price ₹ 5,600 /Sq.Ft

Piplod

Avg. Asking Price ₹ 5,500 /Sq.Ft

Ghod Dod Road

Avg. Asking Price ₹ 5,400 /Sq.Ft

VIP Road

Avg. Asking Price ₹ 5,400 /Sq.Ft

FAQ

Frequently Asked Questions About Property Rates in Surat

What is the current average asking price in Surat as of September 2026?

As of September 2026, the average asking price in Surat stands at ₹4,550 per sq ft. This figure reflects an appreciation of 3.56% compared to the previous period, indicating a steady upward movement in property values within the city.

How have property prices in Surat trended over the last few quarters?

Property prices in Surat have shown a consistent upward trajectory from late 2025 through September 2026. The average asking price rose from ₹4,350 per sq ft in December 2025 to ₹4,400 per sq ft in March 2026, eventually reaching ₹4,550 per sq ft by June 2026 and maintaining that level through September 2026. This trend suggests resilient demand and growing investor confidence in the city's residential market.

How do property rates in Surat vary by property type?

Property rates in Surat vary significantly by asset class as of September 2026. Shops command the highest average price at ₹16,700 per sq ft, having appreciated by 30.25% compared to the prior period. Office spaces are priced at ₹8,100 per sq ft, showing an appreciation of 15.77%, while villas are at ₹5,750 per sq ft, reflecting a 26.6% appreciation. Apartments, the most common residential choice, are priced at ₹4,550 per sq ft, with a 3.56% appreciation over the same timeframe.

What is the price difference between ready-to-move and under-construction properties in Surat?

As of September 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 the previous period. In contrast, ready-to-move properties are priced at ₹4,400 per sq ft, reflecting a modest appreciation of 1.17%. The higher price point for under-construction units often signals developer confidence in future project value and the inclusion of modern amenities in newer developments.

What should investors know about rental yields in Surat?

The rental yield in Surat is currently 5.01% as of September 2026, which serves as a key indicator for income-focused investors. This yield is supported by an average rental rate of ₹19 per sq ft, which has remained stable with 0% change compared to the previous period. A 5.01% yield suggests a balanced environment where capital appreciation and rental income provide a stable return profile for residential property owners.

How does the monthly rent vary by BHK configuration in Surat?

Rental rates in Surat scale significantly with unit size as of September 2026. A 2 BHK apartment typically rents for ₹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 structure allows tenants to choose options that align with their space needs and budget.

Which projects in Surat command the highest listing rates?

As of September 2026, D and M Elysium Avenue in Piplod leads with a listing rate of ₹11,700 per sq ft, showing no change in value. 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% compared to the previous period, and Roland Towers in Rundh Magdalla at ₹7,600 per sq ft. These projects represent the higher end of the market, often driven by prime location and superior project specifications.

How should a buyer interpret the price depreciation in new launch projects in Surat?

New launch projects in Surat are currently priced at ₹4,200 per sq ft as of September 2026, reflecting a depreciation of 0.9% compared to the previous period. This minor downward adjustment can indicate a market correction or a strategic pricing move by developers to attract early-stage investment in new inventory. Buyers looking for entry-level opportunities may find this segment attractive, as it offers a lower price point compared to the city-wide average of ₹4,550 per sq ft.

How do rental rates compare across different property types in Surat?

As of September 2026, rental rates for shops, office spaces, villas, and apartments in Surat all average ₹50 per sq ft. While the apartment and villa rental rates have remained stable with 0% change, office spaces have appreciated by 5.56% compared to the previous period. Conversely, shop rentals have seen a depreciation of 9.09% over the same timeframe, suggesting a softening in the retail rental market despite the high sale price of commercial shops.

Top Appreciating Localities in Surat