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, showing a steady upward trend throughout 2026. Residential apartments serve as a primary segment with prices around ₹4,650 per sq ft, while the city rental market remains active with a healthy yield of 5.01%. Investors are particularly drawn to commercial segments like shops, which have seen a significant 30.25% growth, reflecting the robust economic activity and developmental momentum currently shaping the urban landscape.

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

The real estate landscape in Surat continues to evolve, characterized by consistent price appreciation and a diverse supply of housing and commercial options. Quarterly data highlights a progressive rise in city rates, moving from ₹4,350 per sq ft in late 2025 to ₹4,650 per sq ft by the third quarter of 2026. Rental markets are equally vibrant, offering stable yields for property owners across various unit configurations. Development activity remains balanced, with a strong focus on ready-to-move projects alongside active under-construction ventures.

Shop valuations have surged by 30.25%, reaching an average of ₹16,700 per sq ft.
Villas currently command an average price of ₹5,750 per sq ft, marking a 26.6% increase.
Under-construction residential projects show positive growth, with prices averaging ₹4,600 per sq ft.
Rental rates for 4 BHK apartments average ₹64,000 per month, reflecting demand for spacious living.
The office space segment has experienced a 15.77% growth, stabilizing at ₹8,100 per sq ft.

Market Strengths

High rental demand for 6 BHK units reaching ₹3 Lakh per month.
Consistent quarterly growth in overall city property rates.
Wide availability of 286 ready-to-move units for immediate possession.
Strong performance in the villa segment with 26.6% price appreciation.
Robust commercial interest driving shop prices to ₹16,700 per sq ft.

Market Challenges

Mid-stage projects have seen a price correction of -17.45%.
New launch projects experienced a slight price dip of -0.9%.
Rental rates for shops have seen a decline of -9.09% over the past year.
Office space rental rates recorded a decrease of -7.02%.

Investment Opportunities

Commercial shops offer high growth potential with a 30.25% annual price increase.
Rental yields of 5.01% present a stable income avenue for apartment investors.
Villa investments are appreciating at 26.6%, indicating strong demand for luxury living.
Office spaces remain a lucrative asset class with 15.77% price growth.

Top Micromarkets in Surat

Surat East

Avg Price ₹ 2,750 /Sq.Ft.

YOY + 1.78 %

LISTINGS 428

Surat West

Avg Price ₹ 4,200 /Sq.Ft.

YOY + 5.17 %

Avg Rent ₹ 57 /Sq.Ft.

YIELD + 16.29

LISTINGS 217

Surat North

Avg Price ₹ 4,850 /Sq.Ft.

YOY + 1.69 %

Avg Rent ₹ 22 /Sq.Ft.

YIELD + 5.44

LISTINGS 595

Surat South

Avg Price ₹ 4,900 /Sq.Ft.

YOY + 9.03 %

LISTINGS 385

Price Trend

Surat Property Price Trends and Appreciation

The Surat market has demonstrated a clear upward trajectory in property rates over the past four quarters. Starting at ₹4,350 per sq ft in December 2025, prices have consistently climbed to reach ₹4,650 per sq ft by September 2026. This steady quarterly growth highlights the increasing demand and confidence in the city's real estate potential.

Asking Price Trends

₹ 4,550/Sq.Ft + 3.56 % QoQ

Dec 2025 — Sep 2026

Quarter	City Rate
Sep 2026	4650
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	4,650	1.5

Surat provides a wide spectrum of property options, with shops leading the premium segment at ₹16,700 per sq ft after a 30.25% increase. Office spaces follow at ₹8,100 per sq ft, reflecting a 15.77% growth, while villas are priced at ₹5,750 per sq ft. Residential apartments remain the most accessible at ₹4,650 per sq ft, showing a stable 1.53% appreciation for prospective buyers.

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 features a balanced mix of project statuses to suit different buyer timelines. Ready-to-move inventory is priced at ₹4,400 per sq ft, providing immediate options for 286 units. Meanwhile, 150 under-construction projects are available at an average of ₹4,600 per sq ft, and new launches are entering the market at ₹4,200 per sq ft.

Project & Developer Insights

Top Residential Projects and Developers in Surat

Reyom Realty ₹ 93.2 L - ₹ 93.2 L

3 Projects

Govindji Group

2 Projects

Vrushal Vasantbhai Gajera ₹ 88.86 L - ₹ 1.07 Cr

2 Projects

Tulsi Developers Surat ₹ 1.12 Cr - ₹ 1.25 Cr

2 Projects

Shree Nilkanth Homes LLP

2 Projects

Shree Hari Group Surat ₹ 29.51 L - ₹ 40.75 L

1 Projects

Shree Buildcon Surat

1 Projects

Shree Ganesh Developers Surat

1 Projects

Swastik Infra Surat

1 Projects

Anmol Infra Surat

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 developments in Surat are setting high benchmarks, with D and M Elysium Avenue in Piplod reaching ₹11,700 per sq ft. In Vesu, projects like Shree Krishna Atlanta Eliza and Sangini Evoq command ₹7,800 per sq ft and ₹7,050 per sq ft, respectively. Other notable high-value developments include Roland Towers at ₹7,600 per sq ft and Shukan Lifestyle in Pal, which is priced at ₹6,800 per sq ft.

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 rate of ₹19 per sq ft, reflecting steady rental demand in the North Surat locality.

Rental Trends

Rental Trends and Average Rent in Surat

Rental options in Surat are diverse, ranging from ₹19,000 per month for 2 BHK apartments to ₹35,450 per month for 3 BHK units. Larger configurations command premium monthly rents, with 4 BHK apartments averaging ₹64,000 and 6 BHK residences reaching ₹3 Lakh per month. Rental rates across property types like shops, office spaces, villas, and apartments currently average ₹50 per sq ft. While shops and office spaces have seen minor adjustments of -9.09% and -7.02% respectively, villas and apartments have maintained stable rental pricing. Angel Palace in Kholvad stands out in the rental market, currently offering units at a rate of ₹19 per sq ft, reflecting steady rental demand in the North Surat locality.

Surat Rent Comparison

By Unit Type
By Property Type

Unit Type	Rate (₹)
2 Bhk	19,000
3 Bhk	35,450
4 Bhk	64,000
6 Bhk	3,00,000

Property Type	Rate (₹/Sq.Ft)	Change %
Shop	50	-9.1
Office Space	50	-7
Villa	50	-
Apartment	50	-

Rental rates across property types like shops, office spaces, villas, and apartments currently average ₹50 per sq ft. While shops and office spaces have seen minor adjustments of -9.09% and -7.02% respectively, villas and apartments have maintained stable rental pricing.

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 37,700 /Sq.Ft

Govt Registration Rate ₹ 18,300 /Sq.Ft

Navi Mumbai

Avg. Asking Price ₹ 19,000 /Sq.Ft

Delhi

Avg. Asking Price ₹ 18,200 /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

Hyderabad

Avg. Asking Price ₹ 9,400 /Sq.Ft

Govt Registration Rate ₹ 3,700 /Sq.Ft

Chennai

Avg. Asking Price ₹ 9,200 /Sq.Ft

Kolkata

Avg. Asking Price ₹ 6,800 /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 Sep 2026?

As of Sep 2026, the average asking price in Surat stands at ₹4,650 per sq ft. This reflects an appreciation of 3.56% compared to the previous quarter, indicating a steady upward trajectory in property values across the city.

How have property price trends in Surat moved over the last year?

Property price trends in Surat have shown consistent growth throughout 2026. Data shows the city rate rose from ₹4,350 per sq ft in Dec 2025 to ₹4,400 per sq ft in Mar 2026, reaching ₹4,550 per sq ft in Jun 2026, and finally hitting ₹4,650 per sq ft by Sep 2026, signaling sustained demand in the residential market.

How do property rates in Surat vary by property type?

Property rates in Surat vary significantly by type, 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 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 ₹4,650 per sq ft, reflecting a modest appreciation of 1.53% as of Sep 2026.

What is the price difference between Ready To Move and Under Construction properties in Surat?

As of Sep 2026, Ready To Move properties in Surat are priced at an average of ₹4,400 per sq ft, having appreciated by 1.17% over the measured period. In contrast, Under Construction properties command a higher average of ₹4,600 per sq ft, which has seen a notable appreciation of 8.15%, suggesting that buyers are currently willing to pay a premium for newer project developments.

Which projects in Surat currently command the highest listing rates?

D and M Elysium Avenue in Piplod leads the market with a listing rate of ₹11,700 per sq ft, maintaining stable pricing with 0% change. Other premium projects include Shree Krishna Atlanta Eliza in Vesu at ₹7,800 per sq ft (which appreciated by 69.31%) and Roland Towers in Rundh Magdalla at ₹7,600 per sq ft with stable pricing. These rates are as of Sep 2026 and highlight the premium positioning of specific localities like Vesu and Piplod.

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 Sep 2026, with an average rental rate of ₹19 per sq ft, which has remained stable with 0% change. For investors, a rental yield of over 5% represents a healthy balance between capital appreciation and recurring rental income, making the city an attractive option for those looking to diversify their real estate portfolio beyond mere capital gains.

How do rental rates in Surat differ across various BHK configurations?

Rental rates in Surat scale significantly with unit size, reflecting diverse tenant needs. As of Sep 2026, 2 BHK apartments average ₹19,000 per month, while 3 BHK units average ₹35,450 per month. Larger configurations command higher premiums, with 4 BHK units averaging ₹64,000 per month and 6 BHK units reaching approximately ₹3 Lakh per month, providing options for both mid-range and luxury rental seekers.

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

Rental rates for various property types in Surat show distinct trends as of Sep 2026. Shops and office spaces are currently renting at an average of ₹50 per sq ft, though both have seen depreciation, with shops down by 9.09% and office spaces by 7.02%. Meanwhile, both villas and apartments maintain a stable average rental rate of ₹50 per sq ft with 0% change, indicating consistent demand for residential leasing.

How should a buyer interpret the price trends for New Launch versus Mid Stage projects in Surat?

As of Sep 2026, New Launch projects in Surat are priced at ₹4,200 per sq ft, showing a slight depreciation of 0.9%. Mid Stage projects are priced lower at ₹3,950 per sq ft, having experienced a significant depreciation of 17.45% over the period. This data suggests that buyers may find more competitive entry points in mid-stage developments compared to new launches, though they should investigate the specific factors driving these price corrections.

What is the significance of the top rental projects in Surat?

Angel Palace in Kholvad, Surat North, is a notable project for renters, currently commanding a rental rate of ₹19 per sq ft as of Sep 2026. With 0% change in its rental rate, it offers stability for tenants, while its average rental rate of ₹50 per sq ft across the project category highlights its position within the broader rental market landscape.

Top Appreciating Localities in Surat