Property rates in Surat average ₹4,400 per sq ft. Market trends show a steady upward trajectory from ₹4,350 per sq ft in late 2025 to ₹4,550 per sq ft by June 2026. The city features a robust supply of ready-to-move apartments, while commercial segments like shops and office spaces are seeing significant price appreciation. With a rental yield of 5.18%, the city remains an attractive destination for both investors and end-users.
The Surat real estate landscape is marked by consistent growth, with property prices reflecting a healthy demand across residential and commercial sectors. Investors are currently finding value in the city's diverse inventory, which spans from high-end villas to strategically located office spaces. Rental activity is particularly vibrant, supported by a yield of 5.18% and a wide range of residential unit configurations. Development activity remains strong, with a balanced mix of ready-to-move and under-construction projects catering to varied timelines.
Shops have witnessed a substantial price increase of 30.25%, emerging as a top-performing commercial asset.
Under-construction residential projects have seen a sharp appreciation of 53.61%, signaling strong future demand.
Villas continue to command a premium, with average prices reaching ₹5,750 per sq ft.
The rental market offers diverse options, with 6 BHK units commanding monthly rents of ₹3 Lakh.
High-end residential projects in Vesu, such as Sangini Evoq, are setting new benchmarks with rates up to ₹7,050 per sq ft.
Market Strengths
Strong rental yield of 5.18% provides consistent returns for property owners.
High-end residential demand in Vesu continues to push project rates above ₹7,000 per sq ft.
Commercial shop segment shows robust growth at 30.25%.
Under-construction residential sector is witnessing high buyer interest with a 53.61% price rise.
Diverse residential rental options ranging from 2 BHK to 6 BHK units.
Market Challenges
Ready-to-move inventory has experienced a price correction of -4.22%.
Average rental rates for shops have seen a decline of -9.09% over the past year.
The overall average rental rate has recorded a significant year-over-year shift of -55.81%.
Investment Opportunities
Commercial shops offer high growth potential with a 30.25% annual price appreciation.
Under-construction residential projects provide a strong entry point with a 53.61% growth rate.
The 5.18% rental yield makes residential apartments an attractive option for income-focused investors.
Office spaces remain a stable investment with a 15.77% price increase.
Top Micromarkets in Surat
Surat East
Avg Price₹ 2,700 /Sq.Ft.
YOY
+ 3.62 %
LISTINGS
396
Surat West
Avg Price₹ 4,000 /Sq.Ft.
YOY
+ 0.86 %
LISTINGS
183
Surat North
Avg Price₹ 4,800 /Sq.Ft.
YOY
+ 1.44 %
Avg Rent₹ 45 /Sq.Ft.
YIELD
+ 11.25
LISTINGS
237
Surat South
Avg Price₹ 4,500 /Sq.Ft.
YOY
-2.39 %
LISTINGS
177
Price Trend
Surat Property Price Trends and Appreciation
Property rates in Surat have shown a positive trend over the past year, rising from ₹4,350 per sq ft in December 2025 to ₹4,550 per sq ft by June 2026. This steady growth reflects increasing buyer confidence and market stability. After a brief fluctuation in late 2025, the market has maintained a consistent upward momentum through the first half of 2026.
Surat's real estate market offers a diverse range of property types to suit various investment goals. Shops lead the commercial segment with an average price of ₹16,700 per sq ft, marking a 30.25% increase. Office spaces are also performing well at ₹8,100 per sq ft, while residential apartments remain accessible at an average of ₹4,550 per sq ft, reflecting a 3.2% growth.
The market provides options for every buyer, from immediate occupancy to long-term investment. Ready-to-move projects, with 215 available units, are priced at ₹4,350 per sq ft. Meanwhile, under-construction projects are seeing significant interest, with 107 units available at an average price of ₹4,250 per sq ft, representing a notable 53.61% increase in valuation.
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 are currently leading the market in terms of pricing. Projects like Sangini Evoq and Rajhans Eronzza are priced at ₹7,050 per sq ft and ₹7,000 per sq ft respectively, highlighting the premium nature of this locality. Developments such as Sangini Vedanta and Rajhans Cremona further cement Vesu's status as a high-value residential destination.
Angel Palace in Kholvad stands out in the rental market with a current rate of ₹19 per sq ft. The project continues to be a notable mention for those seeking residential rental opportunities in the Surat North region.
Rental Trends
Rental Trends and Average Rent in Surat
Rental options in Surat cater to a wide range of needs, from compact apartments to expansive luxury homes. Average monthly rents start at ₹25,200 for 2 BHK units and scale up to ₹88,350 for 4 BHK configurations. For those seeking premium space, 6 BHK residential apartments command an average monthly rent of ₹3 Lakh. Rental rates across property types in Surat are currently stable at ₹50 per sq ft for shops, office spaces, villas, and apartments. While shop rentals have softened by -9.09%, office spaces have demonstrated resilience with a 5.56% increase in rental rates. Angel Palace in Kholvad stands out in the rental market with a current rate of ₹19 per sq ft. The project continues to be a notable mention for those seeking residential rental opportunities in the Surat North region.
Rental options in Surat cater to a wide range of needs, from compact apartments to expansive luxury homes. Average monthly rents start at ₹25,200 for 2 BHK units and scale up to ₹88,350 for 4 BHK configurations. For those seeking premium space, 6 BHK residential apartments command an average monthly rent of ₹3 Lakh.
Rental rates across property types in Surat are currently stable at ₹50 per sq ft for shops, office spaces, villas, and apartments. While shop rentals have softened by -9.09%, office spaces have demonstrated resilience with a 5.56% increase in rental rates.
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 reflects an appreciation of 1.33% in the overall market, indicating a period of steady growth and sustained 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 upward movement suggests growing buyer confidence and a resilient real estate market in the city.
How do property rates in Surat vary by property type?
Property rates in Surat vary significantly by segment as of June 2026. Shops command the highest average price at ₹16,700 per sq ft, having appreciated by 30.25% compared to previous periods. Office spaces follow at ₹8,100 per sq ft with a 15.77% appreciation, while villas are priced at ₹5,750 per sq ft, showing a 26.6% increase. Apartments remain the most accessible residential option at ₹4,550 per sq ft, which has seen a modest appreciation of 3.2%.
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 reflects a depreciation of 4.22% compared to the prior period. In contrast, Under Construction projects are currently priced at ₹4,250 per sq ft, showing a significant appreciation of 53.61%, which highlights strong investor interest and rapid development activity in the city's newer project pipelines.
What is the average rental yield in Surat and what does it signify for investors?
The average rental yield in Surat currently stands at 5.18% as of June 2026. For investors, this yield represents a healthy return on investment relative to the capital outlay for residential properties, making the city an attractive destination for those seeking a balance between property appreciation and consistent rental income.
What are the typical rental rates for different BHK configurations in Surat?
Rental rates in Surat vary by unit size as of June 2026, catering to a diverse tenant profile. A 2 BHK apartment averages ₹25,200 per month, while a 3 BHK unit commands ₹35,200 per month. For larger requirements, 4 BHK units are available at an average of ₹88,350 per month, and luxury 6 BHK apartments can reach up to ₹3 Lakh per month, reflecting the premium segment of the rental market.
How do rental rates compare across different property types in Surat?
As of June 2026, rental rates for shops, office spaces, villas, and apartments all sit at an average of ₹50 per sq ft. While apartment and villa rentals have remained stable with 0% change, office space rentals have appreciated by 5.56%, whereas shop rentals have seen a depreciation of 9.09% compared to the previous period.
Which are some of the top-rated projects in Surat by listing rates?
Several premium projects in the Vesu locality of Surat North lead the market in terms of listing rates as of June 2026. Projects such as Sangini Evoq are listed at ₹7,050 per sq ft (up 0.01%), while Rajhans Eronzza, Happy Home Celebrity Greens, Sangini Vedanta, and Rajhans Cremona are all positioned at ₹7,000 per sq ft. Sangini Vedanta specifically has shown an appreciation of 5.89%, highlighting its strong market positioning.
How should a potential buyer interpret the current property rates in Surat?
A potential buyer should view the current average asking price of ₹4,550 per sq ft in June 2026 as a baseline for market entry. With Under Construction projects showing a 53.61% appreciation and Ready To Move properties showing a 4.22% depreciation, buyers have a unique opportunity to compare immediate occupancy costs against the long-term growth potential of newer, developing projects.
