Surat
The Palanpur real estate landscape exhibits a steady growth trajectory, characterized by a mix of established residential inventory and fresh project launches. While the average apartment price remains competitive at ₹4,000 per sq ft, the market is witnessing notable price shifts in premium segments and new developments. Rental activity in nearby hubs like Vesu provides a broader context for the region's overall residential appeal. Developers are actively catering to varied timelines, with a strong pipeline of mid-stage and under-construction projects ensuring consistent supply for prospective buyers.
As of June 2026, the average asking price in Palanpur is ₹4,000 per sq ft. This figure represents an appreciation of 7.03% compared to the previous period, signaling a resilient demand for residential properties in this locality.
Property prices in Palanpur have shown a positive trajectory, with the average asking price reaching ₹4,000 per sq ft as of June 2026. Data from the preceding quarters shows that prices remained steady at ₹4,000 per sq ft in March 2026, following an increase from ₹3,750 per sq ft in December 2025 and ₹3,850 per sq ft in September 2025, reflecting a generally upward trend in market valuation.
Property prices in Palanpur, currently at ₹4,000 per sq ft as of June 2026, sit in the mid-range when compared to surrounding areas. For instance, Pal commands a higher average of ₹4,450 per sq ft (which has appreciated by 5.32% over the relevant period), while Althan is priced at ₹4,400 per sq ft (depreciating by 2.56%). Other nearby areas like Adajan at ₹3,900 per sq ft (appreciating by 2.93%), Jahangir Pura at ₹3,700 per sq ft (appreciating by 7.49%), and Jahangirabad at ₹3,600 per sq ft (depreciating by 2.76%) offer varied entry points for buyers.
As of June 2026, there is a significant price gap between property types in Palanpur, with villas averaging ₹12,400 per sq ft, having appreciated by 10.94% over the measured period. In contrast, apartments are significantly more accessible, with an average asking price of ₹4,000 per sq ft, which has seen a minor depreciation of 0.82%.
Property rates in Palanpur vary based on the construction stage as of June 2026. New Launch projects command the highest premium at ₹5,750 per sq ft, reflecting a substantial appreciation of 34.81%. Mid-stage projects are priced at ₹4,100 per sq ft (appreciating by 0.95%), while Ready To Move units average ₹3,650 per sq ft (depreciating by 1.37%) and Under Construction projects are available at ₹3,400 per sq ft, with rates remaining stable at 0% change.
As of June 2026, Sai Parisar leads with a listing rate of ₹5,750 per sq ft, marking a 34.81% appreciation. Other premium projects include Shreepad Seasons at ₹5,350 per sq ft (appreciating by 25.76%) and Divine Desire at ₹4,850 per sq ft, which has seen a depreciation of 5.71%. These rates reflect the diverse positioning of projects within the Palanpur market.
As of June 2026, the average rental rate for shops in Palanpur is ₹50 per sq ft. This sector has experienced a depreciation of 17.19% over the observed period, which may indicate a shift in local commercial demand or an adjustment in supply-side expectations.
While Palanpur focuses on specific commercial segments, nearby Vesu presents a rental market with an average rate of ₹50 per sq ft as of June 2026. This rate in Vesu has undergone a depreciation of 4.55% during the same period, providing a benchmark for investors looking at rental income potential across these neighbouring localities in Surat.
