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20-40% property price increase seen overall in Surat City in last 12 months
79 Square Apartment, Adajan
Property investor had some very good returns on their investments in last 12 months in Surat. The growth in the residence area was bit less while the commercial properties specially the new buildings on around Ring road gave the best returns.
Rough property price in Surat
Residence
Adajan Pal – near Adajan – Hazira Road – Rs. 3,000 – 3,500/sq. ft – As you go inside from the main road it goes upto Rs. 2500/sq. ft
Vesu – Canal Road – Green City Light Rs. 3200 – 4200/sq . ft, if the builder is reputed there is a difference of 200 – 500/sq ft
Ghod Dod Road – Rs. 4000 – 5000/sq. ft. Some old buildings flat can go for upto Rs. 2000 – 3000 Sq ft
Parle Point to SVR College – Rs. 3000 – 5000/Sq ft
Althan– Rs 2000 – 3000 / Sq ft
Bhatar – Rs. 3000 – 4000 / Sq ft
Nanpura – Rs 1500 – 3000 / Sq ft. Most buildings are very old and you can get even cheaper
Piplod – Rs. 1500 in the original old buildings while Rs. 3000 for the new ones
Commercial Office
Ring Road – New buildings upto Rs 7500/Sq feet
Textile Market area – 4000 – 6000/ Sq ft
Adajan – Rs. 2000 – 4000/ Sq ft
Parle Point – Rs. 4000 – 6000 / Sq ft
VN University Road – New Rs. 3500 – Rs. 5000
Land Price Residential Society
Ghod Dod – Rs 80,000 – 90,000 / Vaar (9 Sq feet is 1 Vaar)
Rander Road – Rs. 30,000 – 50,000 / Vaar
Parle Point – Rs 70,000 – 90,000 / Vaar
VNSG University Road – 50,000 – 80,000 / Vaar
Developed Farm house Land
Kunki – Dandi Road – Rs. 4000 – 5000/Vaar
Palsana – Rs. 5000 – 6000/Vaar
Ubhrat Road – Rs. 3000 – 4000 / Vaar
Maximum new residency projects are coming on the Canal Road or the New city light road in the coming years.
Please comment below the latest Sauda that you are aware.
And how much was the price inflated by the real estate brokers and builders? They are looking at the short term profit, but in long runs those who inflate the prices artificially will see it boomerang back.
its happening in all india , inflated prices of real estate builders and brokers are asking flats for 1 cr , escuse me who has i crore for flat the 80 percent of the population dont have 1 crore real estate prices goes up for reason like low interest rates, high demand, its in reacable prices for most of people , to me none of the factor implies to indian real estate prices . you kidding me real estate doesnt appreciate 50 to 100 percent a year , its a manipulated prices by all builders to screw the normal population mera bharat mahan .
You are wrong Raman. Do you think inflating property is that easy? if that’s the case why do all the giants struggling. Surat has genuine demand in most places and there is no inflation.
yes u r right
I think the current prices are true in realestate,and may rise upto 20 to 40 % within a year.
I would agree with all negative and positive comments. All comments make sense in manner but if this is true as Prakash mention about price range what will be the condition of Middle class people. Big builders are not considering them at all and just try to reap benefits anyhow. If this happens where to satisfy basic life commodities prices will be so high than India will be in the same boat as USA and Europe where they are struggling to bring the back their economic conditon.