Surat has been one of India’s important cities since pre-independence times. It buzzes with commercial activities such as diamond polishing and cutting and fabric weaving. Almost ninety percent of the world’s real diamonds are cut and polished here and exported to the West. The city began to gain prominence since the Portuguese settled here in the 1500s. Considered the eighth largest city of the country, Surat will become the first IT enabled smart city. Once declared a smart city, real estate Surat would expand rapidly as property developers are taking keen interest in it.
The infrastructural boost that the city is slated to receive has generated ample demand for residential property in the city. Several malls which house reputed brands have been constructed in Surat. The city will be under direct CCTV surveillance of the Surat Municipal Corporation and the Surat Police. A set of 5000 cameras are slated to be installed at strategic points, 1000 of which will be night vision enabled ones. The drainage system of the city is a computerised one and a sewage treatment plant was installed for converting waste into energy. The city was awarded the Best City title by the Annual Survey of Cities. Now that Surat will be the first smart IT city, developed in collaboration with Microsoft’s CityNext, investors’ interest in real estate Surat has heightened further. Most of the investment flowing into Surat is for commercial and residential properties. Gujarati NRIs who want to have a linkage with their home state prefer to invest in Surat.
Because properties are much in demand, per square foot rates are also increasing in the city steadily. Areas which are close to the Tapi River or the Airport Road are facing much demand. Once the Navasari Surat metro railway commences, prices of property along this line would also increase. The residential projects that are coming up in the city are mostly apartment based and have numerous amenities within. Swimming pool, gymnasium, club house and children’s play zones are some of the features that are coming up in the city.
Real estate Surat is steadily being morphed into what is seen in most other cities of India. These projects find takes among both NRIs and locals who want a space of their own in an area which is well-developed. Rajhans Realty is one of Surat’s award winning property developers who have worked on various commercial and residential projects. These projects are known to incorporate modern architectural designs and facilities for aiding home owners lead a holistic life.
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