- Strong appreciation in specific sub-localities like Dahin Nagar, with a 23.62% increase.
- High average property values in premium areas such as Pal Gam, reaching ₹4,681 per sq ft.
- Positive growth trends in multiple sub-localities, including Jahangir Pura (15.36%) and Jahangirabad (4.05%).
- Diverse property options available across various price points within Narthan's sub-markets.
- A stable rental market in Vesu, with an average rental rate of ₹20 per sq ft.
Property Rates in Narthan, Surat
Comprehensive Market Snapshot
Narthan, a prominent location in Surat, presents a dynamic real estate landscape characterized by varied property valuations across its sub-localities. While overall asking and registration rates are not available, specific areas within Narthan show distinct price movements. The rental market data, though limited, indicates activity in key sub-regions like Vesu. The property type analysis highlights the villa segment as a notable component of the market.
- Dahin Nagar shows significant property value appreciation, increasing by 23.62% to an average of ₹3,747 per sq ft.
- Pal Gam commands the highest average rate among listed localities at ₹4,681 per sq ft, with a substantial 13.67% rise.
- Conversely, Palanpur Gam experienced a notable decline of -10.19%, with properties averaging ₹3,392 per sq ft.
- The villa property type averages ₹4,551 per sq ft in Narthan, reflecting a -7.27% change.
- Vesu, a key sub-locality, records an average rental rate of ₹20 per sq ft.
Insights for Narthan, Surat Real Estate Market
Narthan's real estate market in Surat exhibits a diverse set of property valuations and trends across its various sub-localities. The market's overall performance is influenced by localized demand and development, with some areas experiencing robust growth while others face corrections. Although comprehensive market-wide average asking and registration rates are not specified, a granular look at individual sub-markets provides valuable insights into the prevailing property dynamics. The rental market also contributes to the area's investment appeal, with specific regions demonstrating active rental demand.
- Dahin Nagar stands out with a strong price increase of 23.62%, reaching an average rate of ₹3,747 per sq ft.
- Pal Gam registers as the most premium sub-locality with an average rate of ₹4,681 per sq ft, growing by 13.67%.
- Palanpur Gam has seen a significant price adjustment, with average rates decreasing by -10.19% to ₹3,392 per sq ft.
- The villa segment in Narthan is priced at an average of ₹4,551 per sq ft, showing a -7.27% change.
- The rental market in Vesu maintains an an average rate of ₹20 per sq ft, indicating a steady demand.
- The villa property type has experienced a -7.27% change, averaging ₹4,551 per sq ft, suggesting potential price adjustments.
- Palanpur Gam has seen a notable decline of -10.19% in average property rates, now at ₹3,392 per sq ft.
- Pal's average property rates have decreased by -4.27%, currently standing at ₹4,278 per sq ft.
- Investing in Dahin Nagar, which has seen a 23.62% increase in average property rates to ₹3,747 per sq ft.
- Considering Pal Gam for properties, as it commands the highest average rate of ₹4,681 per sq ft and has grown by 13.67%.
- Exploring Jahangir Pura, where average rates have increased by 15.36% to ₹3,621 per sq ft.
- Analyzing the rental market in Vesu, which has a steady average rental rate of ₹20 per sq ft.
Property Price Trends in Narthan, Surat
Narthan's property market currently highlights the villa segment as a key residential offering. Villas in this area are priced at an average of ₹4,551 per sq ft. This specific property type has experienced a -7.27% change, indicating a recent adjustment in its average valuation.
The Narthan real estate market showcases diverse pricing across its sub-localities, offering options for various budgets and investment goals. Dahin Nagar has witnessed a substantial appreciation of 23.62%, with properties averaging ₹3,747 per sq ft. Pal Gam commands the highest average rate at ₹4,681 per sq ft, reflecting a healthy 13.67% growth. In contrast, Palanpur Gam saw its average rate decrease by -10.19% to ₹3,392 per sq ft, while Pal also experienced a -4.27% dip, averaging ₹4,278 per sq ft. Areas like Jahangir Pura and Jahangirabad also show positive trends, with rates at ₹3,621 per sq ft and ₹3,625 per sq ft, respectively.