Surat
The Bhimrad real estate market currently presents a balanced environment for property seekers, with average residential prices holding at ₹4,600 per sq ft. While the market has seen minor fluctuations, the overall supply remains robust across various stages of development. Rental interest in the broader region is highlighted by Vesu, which commands an average rental rate of ₹50 per sq ft. This diversity in project status and pricing points creates a dynamic landscape for potential homeowners.
As of March 2026, the average asking price in Bhimrad is ₹4,600 per sq ft. This figure reflects a depreciation of 3.08% compared to the previous period. Market participants should note that this price point represents the current residential apartment segment, which has seen a slight softening in valuations over the recent quarter.
The property prices in Bhimrad have shown a mixed trajectory throughout the recent quarters. As of March 2026, the average asking price stands at ₹4,600 per sq ft, down from ₹4,750 per sq ft in December 2025. Earlier in 2025, the rates were recorded at ₹4,600 per sq ft in both September and June, indicating that the market has experienced some volatility in its upward and downward movements during this period.
Property rates in Bhimrad show varied positioning when compared to surrounding neighbourhoods in Surat. As of March 2026, Vesu commands a higher average asking price of ₹5,400 per sq ft, which has depreciated by 1.49%. In contrast, Pal is priced at ₹4,450 per sq ft, having appreciated by 5.32%. Other nearby areas include Althan at ₹4,400 per sq ft (depreciated by 2.56%), Adajan at ₹3,900 per sq ft (appreciated by 2.93%), and Dindoli at ₹2,700 per sq ft (appreciated by 3.62%).
As of March 2026, property prices in Bhimrad vary by project status, reflecting different risk and convenience profiles for buyers. Ready To Move projects are currently priced at an average of ₹4,250 per sq ft, having depreciated by 2.54%. Mid-stage projects are priced at ₹4,300 per sq ft, showing a depreciation of 1.58%, while New Launch projects are at ₹4,400 per sq ft, which reflects a depreciation of 3.14% compared to the previous period.
Several projects in Bhimrad lead the market in terms of listing rates as of March 2026. Shree Krishna Atlanta Sky Deck is currently the highest-priced at ₹5,200 per sq ft, having appreciated by 5.18%. Other notable projects include Eco Parkside at ₹4,850 per sq ft (appreciated by 1.21%), Pioneer Viona at ₹4,750 per sq ft (stable), and White Wings Flamingo at ₹4,700 per sq ft (stable). These projects represent the premium end of the local market, with rates reflecting their specific amenities and development status.
While specific rental data for Bhimrad is currently limited, the surrounding region provides insights into rental potential. For instance, in the nearby area of Vesu, the average rental rate is ₹50 per sq ft as of March 2026, a rate that has remained stable with 0% change compared to the previous period. Investors looking at the broader Surat market should monitor these rental rates alongside sale prices to gauge the potential for income generation in the region.
Homebuyers can use the property rate data for Bhimrad to assess market value and negotiate effectively. By comparing the current average asking price of ₹4,600 per sq ft against specific project rates like Shree Krishna Atlanta Sky Deck at ₹5,200 per sq ft or more accessible options like Pioneer Belina at ₹4,150 per sq ft, buyers can determine if a property is priced competitively. Additionally, monitoring the status-wise pricing, such as the ₹4,250 per sq ft for Ready To Move units, helps in deciding between immediate possession and the potential value of under-construction projects.
