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20-40% property price increase seen overall in Surat City in last 12 months

 

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.