Surat
Surat South presents a dynamic real estate landscape where property values and development stages intersect to offer diverse investment opportunities. The market is characterized by a mix of mature residential pockets and evolving infrastructure, with current average asking prices sitting at ₹4,500 per sq ft. Rental activity is particularly notable in the 3 BHK segment, which attracts steady interest from tenants. Developers continue to balance the supply of new launches with ready-to-move stock, ensuring the region remains responsive to fluctuating market demand.
As of June 2026, the average asking price in Surat South stands at ₹4,500 per sq ft. This figure reflects a market depreciation of 2.39% when compared to previous valuation periods, indicating a period of price adjustment in the local residential apartment segment.
Property prices in Surat South vary significantly by type, with apartments currently averaging ₹4,500 per sq ft as of June 2026, which has seen a depreciation of 2.39% compared to the prior period. In contrast, villas are priced at an average of ₹2,800 per sq ft, reflecting a more substantial depreciation of 21.12% over the same timeframe. This divergence suggests that apartments remain the primary residential focus in the area, maintaining a higher valuation relative to villa properties.
The price trend in Surat South has shown a fluctuating trajectory leading up to June 2026. Data shows the micromarket rate was ₹4,500 per sq ft in March 2026, following a rate of ₹4,600 per sq ft in December 2025 and ₹5,600 per sq ft in September 2025. These shifts indicate a cooling trend in asking prices over the last three quarters, which may offer a more competitive entry point for prospective buyers compared to the higher valuations seen in late 2025.
Neighbourhoods within Surat South show distinct pricing levels as of June 2026. Bhimrad currently commands an average asking price of ₹4,600 per sq ft, which has depreciated by 3.08% compared to the previous period. Meanwhile, Althan has an average asking price of ₹4,400 per sq ft, reflecting a depreciation of 2.56% over the same timeframe. Both areas remain central to the residential market in Surat South, with Bhimrad currently holding a slight premium over Althan.
As of June 2026, Ready To Move projects in Surat South are priced at an average of ₹4,300 per sq ft, having appreciated by 8.11% compared to the previous period. Conversely, New Launch projects are currently priced at ₹4,250 per sq ft, showing an appreciation of 7.81% over the same period. Mid-stage projects are priced at ₹4,350 per sq ft, though they have experienced a depreciation of 7.17%. This data suggests that completed inventory and new project launches are currently seeing stronger price growth than projects in the intermediate stages of development.
As of June 2026, Shikhar Heights in Althan leads with a listing rate of ₹5,700 per sq ft, having appreciated by 15.3% compared to the prior period. Other premium projects include Rameshwaram Keshav Heights at ₹5,500 per sq ft and Milestone Utsav at ₹5,400 per sq ft, both of which have maintained stable pricing with 0% change. These projects represent the higher end of the market in Surat South, primarily concentrated in the Althan locality.
As of June 2026, the average rental rate for shops in Surat South is ₹50 per sq ft. This rate has experienced a depreciation of 21.98% compared to the previous period. This downward movement in commercial rental rates suggests a shift in the local retail market dynamics, which may be useful for business owners and commercial property investors to consider when negotiating lease terms.
