Surat
The City Light real estate market is currently experiencing a period of growth, characterized by an average asking price of ₹5,600 per sq ft. Recent quarterly trends indicate a consistent rise in location-based rates, highlighting the area's increasing desirability among property seekers. While the residential segment shows strong momentum, the rental market also provides specific opportunities, particularly for commercial retail spaces. Ongoing development and steady transaction interest suggest a stable environment for long-term investment.
As of March 2026, the average asking price in City Light is ₹5,600 per sq ft. This rate has remained stable, showing 0% change, which indicates a period of price consistency in this residential market. Buyers should note that this figure represents the typical cost for residential apartments in the area.
The property price trend in City Light has shown a fluctuating trajectory from June 2025 to March 2026. After starting at ₹4,150 per sq ft in June 2025, the location rate rose to ₹5,300 per sq ft in September 2025 and reached ₹5,600 per sq ft by December 2025. This upward movement across the latter half of 2025 suggests a period of strengthening demand before stabilizing in early 2026.
Property prices in City Light at ₹5,600 per sq ft are generally higher than many surrounding areas. For instance, Vesu currently averages ₹5,400 per sq ft (which depreciated by 1.49% from the previous period), while Bhimrad sits at ₹4,600 per sq ft (depreciated by 3.08%). Other nearby locations include Althan at ₹4,400 per sq ft (depreciated by 2.56%), Pal at ₹4,450 per sq ft (appreciated by 5.32%), Palanpur at ₹4,000 per sq ft (appreciated by 7.03%), Adajan at ₹3,900 per sq ft (appreciated by 2.93%), and Jahangirabad at ₹3,600 per sq ft (depreciated by 2.76%).
As of March 2026, ready-to-move properties in City Light are available at an average price of ₹4,900 per sq ft. This segment has seen a significant price correction, depreciating by 15.75% compared to the prior period. This decrease may offer a more accessible entry point for end-users looking to move into established residential projects immediately.
Apartments in City Light are currently priced at an average of ₹5,600 per sq ft as of March 2026. This segment has demonstrated growth, having appreciated by 6.18% over the observed period. The consistent demand for apartment-style living remains a key driver for this price appreciation in the locality.
As of March 2026, prominent projects in City Light include Maa Gayatri Flats at ₹4,950 per sq ft, Pooja Govindji Park at ₹4,900 per sq ft, and Oriana Residency at ₹4,850 per sq ft. It is important to note that all three projects have seen a depreciation in their listing rates compared to the previous period: Maa Gayatri Flats by 2.91%, Pooja Govindji Park by 1.62%, and Oriana Residency by 34.17%. These rates reflect the current market positioning of these specific residential developments.
As of March 2026, the average rental rate for shops in City Light is ₹200 per sq ft. This rental segment has experienced a depreciation of 7.77% compared to the previous period. Investors looking at commercial assets should account for this adjustment when evaluating the income potential of retail spaces in the area.
The average rental rate in Vesu is currently ₹50 per sq ft as of March 2026. This rate has remained stable with 0% change over the comparison period. While City Light focuses on different property types for rent, comparing these figures helps investors understand the rental landscape across different parts of Surat.
