Surat
Piplod serves as a prominent residential and investment hub in Surat, characterized by consistent price appreciation and high rental demand. The market has demonstrated steady growth throughout 2025, with apartment values reaching ₹6,000 per sq ft. Beyond capital appreciation, the region offers a robust rental environment, highlighted by a significant 12.00% rental yield. Developers are actively catering to varying buyer needs through a mix of ready-to-move and mid-stage projects, ensuring sustained interest in the area.
As of March 2026, the average asking price in Piplod stands at ₹6,000 per sq ft. This rate has remained stable with no change reported compared to the previous period, indicating a period of price consolidation in this residential market.
Property prices in Piplod, at ₹6,000 per sq ft, are generally higher than several surrounding neighbourhoods. For instance, Vesu currently averages ₹5,400 per sq ft (which depreciated by 1.49% from the prior period), while Althan is at ₹4,400 per sq ft (depreciated by 2.56%). Other nearby areas include Bhimrad at ₹4,600 per sq ft (depreciated by 3.08%), Pal at ₹4,450 per sq ft (appreciated by 5.32%), Adajan at ₹3,900 per sq ft (appreciated by 2.93%), Palanpur at ₹4,000 per sq ft (appreciated by 7.03%), and Jahangirabad at ₹3,600 per sq ft (depreciated by 2.76%).
Villas in Piplod command a significant premium, with an average price of ₹19,200 per sq ft as of March 2026, having appreciated by 18.87% compared to the previous period. In contrast, apartments in Piplod are priced at an average of ₹6,000 per sq ft, which has seen an appreciation of 4.58% over the same timeframe. This price gap highlights the distinct market positioning of low-density luxury housing versus standard apartment living in the locality.
As of March 2026, Ready To Move properties in Piplod are priced at an average of ₹4,800 per sq ft, reflecting a depreciation of 20.54% compared to the previous period. Meanwhile, Mid Stage projects are priced at ₹4,900 per sq ft, which has seen a depreciation of 29.19% over the same period. These figures suggest that both ready and under-construction segments have experienced a significant market correction recently.
As of March 2026, the average rental rate in Piplod is ₹60 per sq ft, a figure that has remained stable with no change reported. The area currently offers a rental yield of 12.00%, which is a strong indicator for investors looking at income-generating potential relative to the capital investment required for properties in this locality.
As of March 2026, shops in Piplod command an average rental rate of ₹50 per sq ft. This rate has depreciated by 7.59% compared to the previous period, reflecting a softening in the commercial rental segment within the locality.
Several projects in Piplod are prominent in the current market as of March 2026, though most have seen a recent depreciation in their listing rates. Jayveer Aakash Homes is listed at ₹5,000 per sq ft (depreciated by 2.61%), while The Homes is at ₹4,850 per sq ft (depreciated by 4.19%). Other notable projects include KKB The Palladium Towers at ₹4,800 per sq ft (depreciated by 2.37%), D and M Elysium Avenue at ₹4,800 per sq ft (depreciated by 40.99%), Vardan KPM Terra prime at ₹4,800 per sq ft (depreciated by 2.61%), and Rajhans Cornello at ₹4,800 per sq ft (depreciated by 5.11%).
A buyer should note that the Piplod market has shown fluctuating trends in recent quarters. As of March 2026, the location rate is 0, while the micromarket rate is ₹4,000 per sq ft. Looking back, the location rate was ₹6,000 per sq ft in December 2025, ₹5,750 per sq ft in September 2025, and ₹5,350 per sq ft in June 2025. These variations suggest that while the market has seen periods of growth, current buyers should carefully evaluate the specific project value against these historical benchmarks.
