Surat Property

The commercial capital of Gujarat- Surat- is treading on the advice that we have been hearing through our childhood- ‘Slow and steady wins the race’. The city is getting transformed slowly and steadily, and it has seen indications of revival for the past few years, which has caused a steady increase in Surat property rates.

Many companies and businessmen are now focusing on Surat real estate market since the city is growing at a great pace and is offering promising returns to venture capitalists and big investors. It is not just talking big names, but the city, in itself, is a tremendous offering to people who are willing to spend money on property within the city’s ambits.

Surat currently offers good opportunities for investors with moderate risk factor, which is possibly one of the main reasons behind limited investments. However, nothing remains constant, and it applies well here too. The circumstances are expected to improve in the near future, and the risk factor is expected to slump significantly.

The most desired segment for properties is the housing sector. The top real estate players- the developers- from all over India are investing on constructing luxurious and affordable houses to encourage consumers from all groups i.e. to local buyers, investors from all parts of India and even for the NRIs. Though industrial division is pretty well established in Surat, the city is witnessing crude expansion, rigorously, and the retail sector is also advancing and growing to meet recreational requirements of the increasing population with multiplexes, retail outlets and malls that are opening up extensively all over the city. The real estate business of Surat is at its peak with many leading builders taking concern in developing properties in the area within the borders of the silk city.

A Brand New Million Sq. ft. Property Coming Up in Surat!

Polyester yarn maker and Summet Industries have planned to try their luck in real estate markets, aiming to expand all over the county over the next few years. So, the company is believed to have entered into collaboration with the renowned property developer situated in Kandla Port. And guess what, they’re developing an amazing property of more than million square feet in Surat!

The NRIs beneficed with ample of money view this as an opportunity. They are investing in commercial properties in Surat, and the city has been seeing large investments from group of NRIs in residential township. Such kind of investments is frequently routed via Mauritius to gain tax benefits.

Upcoming Real Estate Projects in Surat

There is more than is heard and talked about. Bhagwati Banquets and Hotels Limited, the Ahmadabad-based developers, are planning to develop a 5-star hotel in Surat, consisting of about a hundred rooms near Pulse multiplex. The investment for the development of this hotel, made by the company, is expected to be around a whooping Rs. 77 crore. The five star hotels will feature conference facilities, restaurants, business centre, sports club, top notch health facilities and almost everything that a visitor might fancy of.

Pooja Corporations, another well known property developer in Surat, is coming up with a shopping complex, with concealed electrification and fine quality switches. The company is also planning to develop a mega township called ‘La Heights’ in the city.

Property Rates in Surat

Surat Property rates are currently cheaper at places like Khajod, Bamroli, Puna Kumbharia Road, Amroli, Palsana Road, and Dumbhal, and thus, this is the ideal time for investing on properties in these locations. In the coming times, we assume that as development the rates would escalate for these locations too.

The government has decided to reinforce civic amenities in these areas and the property prices will definitely grow higher soon enough. The current price range is Rs. 4100 per square feet, and it is expected to only shoot up. Make the most out of the current investment opportunities in the Surat real estate market, now.

The cost of residential property in Surat ranges from Rs. 3000 – Rs. 3,500 per sq. feet and Rs. 2,500 per sq. feet near the highways.