Property rates in Surat South average ₹4,500 per sq ft. The market has demonstrated dynamic movement over recent quarters, with rates shifting from a low of ₹4,500 in March 2026 to ₹4,900 per sq ft by June 2026. This growth is supported by a diverse supply of projects, including both ready-to-move units and fresh launches, while the residential segment remains particularly active with competitive pricing for modern apartment living.
Insights for Surat South, Surat Real Estate Market Overview
Surat South has evolved into a key residential destination, characterized by a steady increase in property valuations and a robust mix of project stages. Recent trends show a positive shift in apartment prices, which have grown by 9.03%, reflecting strong demand for quality living spaces. Rental activity is also noteworthy, with 3 BHK apartments commanding an average monthly rent of ₹39,000. Investors and homebuyers are currently evaluating options across established localities like Bhimrad and Althan, where developers continue to introduce high-value residential projects.
Apartment prices have seen a significant upward trend of 9.03% to reach an average of ₹4,900 per sq ft.
Ready-to-move projects offer immediate value at an average rate of ₹4,300 per sq ft, showing a positive growth of 8.11%.
New launch projects are attracting attention with a 9.75% price increase, currently averaging ₹4,350 per sq ft.
The 3 BHK rental segment provides a steady income stream for investors, with average monthly rents reaching ₹39,000.
Premium developments like Shikhar Heights have seen substantial appreciation, with rates climbing by 15.3% to ₹5,700 per sq ft.
Market Strengths
Strong apartment demand is evidenced by a 9.03% price increase, reaching ₹4,900 per sq ft.
Ready-to-move inventory is highly liquid with 25 active units and consistent price appreciation.
New launch activity remains robust, indicating developer confidence and fresh supply in the market.
Premium projects in Althan and Bhimrad continue to command high rates, establishing a strong luxury segment.
Rental demand for 3 BHK units remains stable at ₹39,000 per month.
Market Challenges
Villa properties have faced a significant valuation decline of -21.12%, currently averaging ₹2,800 per sq ft.
Mid-stage projects have seen a price adjustment of -2.76%, averaging ₹4,550 per sq ft.
Commercial shop rentals have experienced a decrease of -7.04%, now averaging ₹50 per sq ft.
Specific local markets like Bhimrad and Althan have seen slight price corrections of -3.08% and -2.56% respectively.
Investment Opportunities
New launch projects offer a growth opportunity with a 9.75% price increase, currently averaging ₹4,350 per sq ft.
Ready-to-move apartments provide a stable investment with an 8.11% appreciation, averaging ₹4,300 per sq ft.
3 BHK apartments represent a consistent rental income stream at an average of ₹39,000 per month.
High-performing projects like Shikhar Heights offer capital appreciation potential, with a 15.3% increase in rates.
Top Localities in Surat South, Surat
Dumas Road
Avg Price₹ 4,750 /Sq.Ft.
LISTINGS
9
New Althan
Avg Price₹ 3,750 /Sq.Ft.
LISTINGS
154
Sachin
Avg Price₹ 2,000 /Sq.Ft.
LISTINGS
6
Udhana
Avg Price₹ 2,700 /Sq.Ft.
LISTINGS
12
Bhestan
Avg Price₹ 2,750 /Sq.Ft.
LISTINGS
3
Price Trend
Surat South, Surat Property Price Trends and Appreciation
The Surat South micromarket has shown significant price volatility over the past year. Rates reached a peak of ₹5,600 per sq ft in September 2025 before adjusting to ₹4,600 in December 2025 and returning to ₹4,500 in March 2026. By June 2026, the market regained momentum, pushing the average rate to ₹4,900 per sq ft.
Bhimrad and Althan represent the core residential hubs of Surat South. Bhimrad currently averages ₹4,600 per sq ft, while Althan maintains a competitive average of ₹4,400 per sq ft. Both locations have experienced minor adjustments in their pricing, reflecting a stabilization in the local market as developers and buyers align on value.
Type
Rate (₹/Sq.Ft)
Change %
Villa
2,800
-21.1
Apartment
4,900
9
Surat South's residential market is defined by a clear preference for apartments, which lead the segment at an average of ₹4,900 per sq ft with a robust growth of 9.03%. In contrast, villa properties are currently adjusting at ₹2,800 per sq ft, marking a notable shift of -21.12% in their valuation. This divergence highlights a strong buyer preference for modern apartment-style living over traditional villa formats.
The supply landscape in Surat South is well-distributed across different stages of development. Ready-to-move inventory, consisting of 25 units, averages ₹4,300 per sq ft and has appreciated by 8.11%. Meanwhile, 9 new launch projects are priced at ₹4,350 per sq ft with a 9.75% increase, while 10 mid-stage projects hover at ₹4,550 per sq ft, reflecting a -2.76% change.
Project & Developer Insights
Top Residential Projects and Developers in Surat South
Top Developersin Surat
Tulsi Developers Surat leads in Surat with 2 projects and years of experience.
Premium residential projects in Surat South are setting high benchmarks for the local market. Shikhar Heights in Althan commands the highest rate at ₹5,700 per sq ft, showing a strong 15.3% increase. Other notable developments like Rameshwaram Keshav Heights and Milestone Utsav are priced at ₹5,550 and ₹5,400 per sq ft respectively, while Shree Krishna Atlanta Sky Deck in Bhimrad offers a premium experience at ₹5,200 per sq ft.
Rental Trends
Rental Trends and Average Rent in Surat South, Surat
The rental market in Surat South is primarily driven by 3 BHK apartment units, which currently command an average monthly rent of ₹39,000. This segment remains the focal point for residential leasing in the area. The rental market for commercial shops in Surat South is currently averaging ₹50 per sq ft, reflecting a market adjustment of -7.04% over the past year.
Surat South Rent Comparison
By Unit Type
By Property Type
Unit Type
Rate (₹)
3 Bhk
39,000
The rental market in Surat South is primarily driven by 3 BHK apartment units, which currently command an average monthly rent of ₹39,000. This segment remains the focal point for residential leasing in the area.
Property Type
Rate (₹/Sq.Ft)
Change %
Shop
50
-7
The rental market for commercial shops in Surat South is currently averaging ₹50 per sq ft, reflecting a market adjustment of -7.04% over the past year.
Frequently Asked Questions About Property Rates in Surat South, Surat
What is the current average asking price in Surat South?
As of June 2026, the average asking price in Surat South is ₹4,500 per sq ft. This figure reflects a depreciation of 2.39% compared to the previous period, suggesting a moderate adjustment in the local residential market.
How have property prices in Surat South trended recently?
Property prices in Surat South have shown a recovery trend, with the micromarket rate rising to ₹4,900 per sq ft in June 2026 from ₹4,500 per sq ft in March 2026. This upward trajectory indicates renewed buyer interest following the price dip observed between September 2025 and December 2025.
How do property prices compare between Bhimrad and Althan in Surat South?
As of June 2026, Bhimrad commands a slightly higher average asking price of ₹4,600 per sq ft compared to Althan, which stands at ₹4,400 per sq ft. Both areas have experienced a slight market correction, with Bhimrad depreciating by 3.08% and Althan by 2.56% over the observed period.
What is the price difference between apartments and villas in Surat South?
Apartments in Surat South are currently priced at an average of ₹4,900 per sq ft as of June 2026, having appreciated by 9.03% over the recent period. In contrast, villas are priced at ₹2,800 per sq ft, which represents a significant depreciation of 21.12% compared to the previous period.
How does the property status affect pricing in Surat South?
As of June 2026, pricing in Surat South varies by project status: Ready To Move units are priced at ₹4,300 per sq ft (up 8.11%), Mid Stage projects at ₹4,550 per sq ft (down 2.76%), Under Construction projects at ₹4,200 per sq ft (stable at 0% change), and New Launch projects at ₹4,350 per sq ft (up 9.75%). This data shows that New Launch and Ready To Move segments have seen the strongest price appreciation recently.
What are the top-rated residential projects in Surat South by listing price?
As of June 2026, premium projects in Surat South include Shikhar Heights in Althan at ₹5,700 per sq ft (up 15.3%), Rameshwaram Keshav Heights in Althan at ₹5,550 per sq ft (stable), and Milestone Utsav in Althan at ₹5,400 per sq ft (stable). These projects represent the higher end of the local market, with Shikhar Heights showing the most significant recent appreciation.
What is the current rental market situation for shops in Surat South?
As of June 2026, the average rental rate for shops in Surat South is ₹50 per sq ft. This rate has seen a depreciation of 7.04% compared to the previous period, which may indicate a softening in commercial demand or an increase in available rental inventory.
What are the rental trends for 3 BHK apartments in Surat South?
As of June 2026, 3 BHK apartments in Surat South command an average monthly rent of ₹39,000. This rental benchmark provides a clear reference point for tenants seeking spacious residential options in the area, reflecting the current market value for premium apartment living.
