Vav, Surat

The Surat Municipal Corporation has presented a revised civic budget of ₹11,301 crore for 2026-27, an increase of ₹708 crore from the initial draft. The budget prioritizes capital expenditure and includes initiatives like property tax exemption for registered widow women and a free pass facility for senior citizens on bus services.

Gujarat has recorded a 30% year-on-year increase in revenue from stamp duty and registration fees, reaching Rs 19,102.58 crore in the financial year 2025-26. Surat has emerged as the second-highest city in terms of property registrations, with 2,89,544 registrations. This surge in revenue and registrations indicates a sustained demand in the real estate sector across the state.

Surat has been identified as a key Tier-2 city leading the property boom in 2026, driven by infrastructure development, job growth, and migration. Its status as a global hub for textiles and diamonds, coupled with continuous migration, fuels sustained housing demand. Improved connectivity, industrial expansion, and rising employment opportunities are attracting homebuyers and investors seeking value and long-term appreciation.

The Surat Municipal Corporation's (SMC) Standing Committee has presented a revised civic budget of ₹11,301 crore for 2026-27, an increase of ₹708 crore from the initial draft. Additional funds have been allocated for various civic initiatives, including a higher allocation for the Sarthana zone due to its ongoing infrastructure development.