Surat
City Light maintains its status as a premium residential destination in Surat, with property values currently averaging ₹5,600 per sq ft. The market has demonstrated steady appreciation, particularly within the apartment segment, which recorded a 6.18% increase. Rental activity remains active, though commercial shop rentals have seen a shift in demand, reflecting broader market adjustments in the region. Investors and homebuyers continue to favor this locality for its connectivity and well-developed infrastructure compared to other parts of the city.
The average asking price in City Light is ₹5,600 per sq ft as of September 2026. This rate has remained stable with no change recorded compared to the previous period, indicating a balanced market environment for residential apartments in this locality.
The micromarket rate in City Light has shown a consistent upward trajectory throughout 2026, rising from ₹4,000 per sq ft in March 2026 to ₹4,200 per sq ft in June 2026, and reaching ₹4,250 per sq ft by September 2026. This steady growth suggests a resilient demand for properties in the area over the last three quarters.
Property prices in City Light, currently at ₹5,600 per sq ft, are positioned at the higher end of the spectrum when compared to nearby localities. For instance, Vesu currently commands an average asking price of ₹5,700 per sq ft, having appreciated by 4.35% compared to the previous period. Conversely, more affordable options are available in areas like Palanpur Gam at ₹3,250 per sq ft, which has remained stable, and Adajan at ₹3,800 per sq ft, which has seen a marginal appreciation of 0.5%.
Apartments in City Light are currently priced at an average of ₹5,600 per sq ft as of September 2026. This segment has shown significant growth, having appreciated by 6.18% compared to the previous period, reflecting strong buyer interest in apartment-style living within the locality.
The average rental rate for shops in City Light is ₹150 per sq ft as of September 2026. This rate has depreciated by 12.92% compared to the previous period, which may suggest a market correction or a shift in supply-demand dynamics for commercial rental spaces in the area.
Commercial shops in City Light currently command a rental rate of ₹150 per sq ft as of September 2026, whereas residential rental rates in the nearby Vesu area stand at ₹50 per sq ft. The residential rental market in Vesu has shown positive growth, having appreciated by 4.76% compared to the previous period, highlighting a clear distinction in rental yield potential between commercial and residential assets in these respective localities.
