The Surat realty market is making all the right noises with skyrocketing infrastructural growth and governmental initiatives fuelling more growth and development of the sector. You will find that investing in Surat’s real estate market is always a good and safe proposition for many reasons. Firstly, demand is always increasing in Surat for good residential properties. There are many factors behind this rising demand. Gujarati businessmen and professionals always prefer to close housing deals with some cash at least. The cash payment component is substantially higher as compared to other cities in India. This decreases loan defaulters and enables easier access to better property loans. GDP is never an issue when it comes to Surat and the increasing number of migrants from other cities and towns will always keep housing demand alive. Additionally, property prices are substantially lower as compared to other Indian cities which have also fueled higher demand.
The NRI community has always been a strong source of support for the Surat realty market and has invested in several properties in Surat throughout the year, thereby laying the foundations for better growth and prosperity. The ratio between investors and real buyers is also lower in comparison to other cities of the country. All these factors make Surat a safe city to invest in! There are no big brands or conglomerates who have entered the Surat real estate market as of yet owing to the larger cash component in most housing deals. Local players are mostly active in the market and there is no superfluity as a result. This will work to the advantage of investors in many ways. The rate of employment is astonishingly 100% in Surat and this ensures constant demand for skilled and unskilled professionals, thereby drawing more and more people from other cities. This keeps housing demand alive in turn without any hassles.
Surat realty has also thrived on the growing number of entertainment and recreational options in the city. There are innumerable shopping malls, multiplexes and playgrounds in the city and more are set to come! The Surat airport is also increasing its flights to other destinations and this is another factor working behind its rapid growth. Mumbai, the financial capital of the country can be accessed within two hours from Surat, thereby making it a suitable choice for traders and businessmen as opposed to Vadodara and Ahmedabad.