Real estate trends in Surat Jul22


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Real estate trends in Surat

Looking for office space in Surat or a residential apartment? You would do well to stay abreast of all latent market trends in the city. Demand has always been huge in Surat along with enough developer capital. However, the land bank has simply not been sufficient when it comes to developing ample projects to meet surplus demand for quality housing. This has been a common trend in Surat for several years. However, developers are now looking beyond the horizon towards new areas which promise faster growth and ample space to develop multiple big ticket residential projects. Places like Khajod, Bamroli, Palsana, Sachin, Mota Varachha and the Puna Kumbharia Road are highly in demand when it comes to planning new projects in Surat. You would do well to note that many upcoming residential or commercial projects will be planned in these areas, particularly with a boost in connectivity options to the same.

The Surat Municipal Corporation has always provided sufficient infrastructure and support for connecting these suburban areas with the city centre. Realty development has always been quite stable and brisk in places within the heart of the city including Piplod, Vesu, Varachha Road, Pal and Adajan among others. Prices have gone up hugely in these areas and you should keep in this mind while planning to get hold of office space in Surat. These areas have witnessed huge upward movement in terms of spiraling prices and you may find it unaffordable to hire or purchase commercial spaces in these locations. Rajhans is a reputed name and has been constructing several projects at places like Sarthana Road, Pal and Mota Varachha. Surprisingly, Rajhans is offering properties at really affordable rates for buyers but this may be the only exception rather than the norm.

When it comes to finding office space in Surat within your budget, you can try places like the proposed Kamrej Kadodara Cross Road, Puna Gam, Sarthana Road, Abama Road and Mota Varachha if you are lucky! Many developers are trying their level bests to offer residential and commercial spaces to buyers at reduced costs in these areas but luck matters hugely in this case! The upcoming Ichhapore Gems and Jewellery SEZ will lead to increased demand for commercial property and you should look to book your space in advance in order to beat future price rises. Places like Dumbhal, Khajod, Bamroli, Puna Kumbharia Road and Amroli are also worth a watch in this context.

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