Surat is one real estate market that has always remained positive with healthy demand from individuals across different sections of society. Should you buy property in Surat? Surat promises comfortable living experiences coupled with top class infrastructure for residents. The city is at par with infrastructure and living standards in metropolitan cities like Mumbai, Delhi and Hyderabad. Demand for property in Surat is naturally high as it is one of the fastest growing and developing cities across the globe according to experts and market observers. The GDP growth rate of the city is phenomenal and has often trumped the national average. 65% of the city’s population makes use of the internet and the Smart City initiative in collaboration with Microsoft will definitely lead to scorching development and progress in the city, something that was always in the reckoning.
Rising demand for property in Surat has a lot to do with the business and economic muscle of the city. Business has always flourished in Surat across a variety of sectors. Since Surat is a hotbed for several sectors like diamonds, textiles, information technology and so on, several professionals and businessmen migrate to the city from Mumbai, Hyderabad and even Delhi in order to experience the fuss-free business environment and quality infrastructure here. Surat is the world’s premier export hub for fiber and is a major center for fabric production, diamond exports and diamond cutting and polishing. This naturally makes it a hotspot for several diamantaires and professionals in textile and fabric production segments. The city also has its own diamond cutting and polishing hub and textile parks. The city is also home to several leading corporate companies including Ultratech Cement, Ambuja Cement, Narmada Cement, ESSAR Group of Industries, Gujarat Gas, Cairn India Limited, Reliance Petroleum and more.
People also prefer to buy property in Surat owing to its top class infrastructure and improved transport network in comparison to several other cities. There are multiple highways that pass through the city along with a network of roads. Some of the major highways include the Ahmedabad-Surat Highway and the Navsari-Udhana Highway. The development of Middle and Outer Ring Roads has also sparked demand for property in the city. The completion of several flyovers and the Varachha flyway, one of the longest flyovers in India, has also improved connectivity and overall transportation to a huge extent. Surat is a great place to buy property and settle down with your family.
