Govindji Group
- 2 Projects
Surat
Surat North is experiencing a dynamic phase of real estate development, characterized by a mix of established residential hubs and emerging growth corridors. The average residential rate of ₹4,800 per sq ft is supported by a diverse supply of units across various construction stages, including a significant inventory of ready-to-move projects. Rental activity has picked up momentum, with diverse options ranging from 2 BHK apartments to expansive 6 BHK units catering to a wide demographic. Developers are focusing on both high-end luxury projects and mid-segment apartments to balance demand.
As of June 2026, the average asking price in Surat North stands at ₹4,800 per sq ft. This figure reflects an appreciation of 1.44% compared to the previous period, indicating a steady demand for residential properties in this micromarket.
Property prices in Surat North have shown a positive trajectory, with the average asking price rising from ₹4,700 per sq ft in December 2025 to ₹4,800 per sq ft by March 2026. While the market saw a temporary peak of ₹5,650 per sq ft in September 2025, the current stability suggests a maturing market environment for both buyers and investors.
Property prices vary significantly across the region, with Vesu commanding the highest average asking price at ₹5,400 per sq ft, despite a minor depreciation of 1.49% compared to the previous period. In contrast, Palanpur and Jahangir Pura have shown strong growth, with prices appreciating by 7.03% to ₹4,000 per sq ft and 7.49% to ₹3,700 per sq ft respectively. Amroli remains the most accessible option at ₹1,950 per sq ft, though it has experienced a significant depreciation of 23.1% over the observed period.
Shops are currently the most expensive property type in Surat North, with an average price of ₹16,700 per sq ft, having appreciated by 30.25% compared to the previous period. Office spaces follow at ₹6,500 per sq ft, showing a growth of 6.04%. Apartments are priced at ₹4,800 per sq ft with a 1.44% appreciation, while villas have seen a significant depreciation of 51.45%, bringing their average price to ₹4,150 per sq ft.
Property prices in Surat North are influenced by construction status, with Under Construction projects currently priced at ₹3,500 per sq ft, reflecting a 7.75% appreciation. Ready To Move units are priced at ₹4,450 per sq ft, which represents a 9.68% depreciation compared to the previous period. Meanwhile, Mid Stage projects are averaging ₹4,750 per sq ft with a 6.48% depreciation, and New Launch projects are at ₹4,700 per sq ft with a marginal depreciation of 0.34%.
Surat North offers a compelling rental yield of 11.25% as of June 2026, which is a strong indicator of income potential for property investors. The average rental rate in the area is ₹45 per sq ft, which has seen a substantial appreciation of 104.55% compared to the previous period, signaling a significant increase in rental demand and market activity.
As of June 2026, rental rates in Surat North vary significantly by BHK configuration to suit different tenant profiles. A 2 BHK apartment typically rents for ₹26,000 per month, while a 3 BHK unit averages ₹43,250 per month. For larger requirements, 4 BHK apartments command an average of ₹89,300 per month, and luxury 6 BHK units can reach up to ₹3 Lakh per month, reflecting the diverse housing stock available in the micromarket.
Several projects in the Vesu locality dominate the premium segment of Surat North. Sangini Evoq leads with a listing rate of ₹7,050 per sq ft, showing a marginal appreciation of 0.01%. Other prominent projects like Rajhans Eronzza, Happy Home Celebrity Greens, Sangini Vedanta, and Rajhans Cremona all maintain a listing rate of ₹7,000 per sq ft. Notably, Sangini Vedanta has seen a strong appreciation of 5.89% in its listing rate, highlighting its continued appeal to high-end buyers.
Commercial rental rates in Surat North are currently consistent across segments, with both shops and office spaces averaging ₹50 per sq ft. While shops have seen a depreciation of 10.67% compared to the previous period, office spaces have experienced a growth of 6.67%, suggesting a shifting demand pattern toward professional workspaces in the region.
The price difference between Ready To Move projects at ₹4,450 per sq ft and Under Construction projects at ₹3,500 per sq ft reflects the premium buyers pay for immediate possession. While Ready To Move units have seen a 9.68% depreciation, Under Construction projects have appreciated by 7.75%, suggesting that investors are increasingly finding value in newer, developing projects within Surat North as of June 2026.
