Surat is a bustling metropolis located in the state of Gujarat in India. It is one of the fastest-growing cities in the country and is known for its robust textile and diamond industries. In recent years, Surat has also become a popular destination for real estate investment. In this article, we will explore why Surat is the best city to invest in properties and how you can benefit from investing in the city’s real estate market.
Surat’s Growing Real Estate Market
Surat’s real estate market has been growing steadily over the past few years. The city’s robust economy and excellent infrastructure make it an attractive destination for real estate investment. According to a recent report by Knight Frank India, Surat’s real estate market is expected to grow at a CAGR of 10% between 2020 and 2024. This growth is driven by the city’s expanding industrial sector, increasing urbanization, and growing population.
Tourism Scenario in Surat
Surat is a popular tourist destination in Gujarat. The city is known for its historical landmarks, such as the Surat Castle and the Dutch Garden. Surat is also famous for its textiles, and tourists flock to the city to shop for textiles and traditional clothing. In recent years, Surat has also become a hub for diamond cutting and polishing, which has attracted a new wave of tourists to the city.
Education Institutions in Surat
Surat is home to some of the best educational institutions in Gujarat. The city has several prestigious schools, colleges, and universities that attract students from all over the state. Some of the top educational institutions in Surat include the Indian Institute of Technology (IIT), Sardar Vallabhbhai National Institute of Technology (SVNIT), and Veer Narmad South Gujarat University.
Job Market Scope in Surat
Surat’s robust economy has led to a thriving job market in the city. The city’s textile and diamond industries provide employment opportunities for thousands of people. Surat is also home to several multinational companies, such as Reliance Industries, Essar, and Adani. These companies offer job opportunities in various fields, including engineering, management, and finance.
Industry Development in Surat
Surat’s industrial sector is one of the fastest-growing in the country. The city is known for its robust textile and diamond industries, but it is also home to several other industries, such as petrochemicals, ceramics, and chemicals. Surat’s favorable business environment, excellent infrastructure, and skilled workforce make it an attractive destination for industrial investment.
Healthcare in Surat
Surat has an excellent healthcare system, with several top-notch hospitals and medical facilities. The city is home to some of the best hospitals in Gujarat, such as the Sterling Hospital and the Mahavir Hospital. Surat’s healthcare system is well-equipped to handle all types of medical emergencies, and patients can access high-quality medical care at an affordable cost.
Property Trends in Surat
Surat’s real estate market offers a wide range of properties to investors. The city has a mix of residential, commercial, and industrial properties that cater to different investment needs. Some of the popular property types in Surat include:
- Floors
- Villas
- Cottages
- Plots
- Studio Apartments
- SOHO (Small Office/Home Office) Spaces
Each property type has its unique features and benefits, and investors can choose a property type that suits their investment goals.
Price Ranges
Surat’s real estate market offers ready possession properties in different price ranges, catering to investors with different budgets. The price of properties in Surat varies depending on various factors such as location, property type, amenities, and construction quality. Some of the popular price ranges for properties in Surat include:
- Under 50 lakhs
- 50 lakhs to 1 crore
- 1 crore to 2 crores
- 2 crores and above
Investors can choose a property in a price range that suits their budget and investment goals.
Upward Trends
Surat’s real estate market has been witnessing an upward trend in recent years. The city’s expanding industrial sector, growing population, and increasing urbanization have led to a surge in demand for real estate properties. According to a recent report by Knight Frank India, Surat’s residential real estate market witnessed a price growth of 5.6% in 2020, despite the COVID-19 pandemic. The report also states that the city’s real estate market is expected to grow at a CAGR of 10% between 2020 and 2024.
Why Invest in Surat’s Real Estate Market?
Investing in Surat’s real estate market offers several benefits to investors. The city’s growing economy, robust infrastructure, and excellent connectivity make it an attractive destination for real estate investment. Surat’s real estate market offers a wide range of properties at different price points, catering to investors with different budgets. The city’s expanding industrial sector and increasing urbanization are expected to drive demand for real estate properties in the coming years, leading to an increase in property prices. Investing in Surat’s real estate market can provide investors with good returns on their investment over the long term.
Readyhomz Special Offer
Readyhomz is a leading real estate company that offers a wide range of ready to move properties in Surat. The company provides end-to-end services to investors, from property selection to possession, making the investment process hassle-free. Readyhomz is currently offering a special discount on its properties in Surat. Investors can avail of this offer by registering on the company’s website and selecting a property that suits their investment goals.
Apna Ghar Home Festival
Apna Ghar Home Festival is a real estate festival organized by Readyhomz. The festival provides investors with an opportunity to explore the company’s ready possession houses in Surat and other cities in India. Investors can avail of special discounts, deals, and offers on properties during the festival. The festival is an excellent opportunity for investors to invest in real estate properties at discounted prices.
Register to Know About Best Deals in Top 25 Cities in India
Investors can register on Readyhomz’s website to know about the best deals on properties in the top 25 cities in India. The company provides regular updates on its properties and offers to registered investors, helping them make informed investment decisions.
Conclusion
Surat is an attractive destination for real estate investment, offering a wide range of properties at different price points. The city’s growing economy, excellent infrastructure, and expanding industrial sector make it a lucrative investment opportunity for investors.
