Real estate in surat the eighth largest city in India, is located in the State of Gujarat on the left bank of Tapi River. Surat is known worldwide for its diamond business and is, in fact, called the 'Diamond City of India'. More than three-fourth of the diamonds in the world are cut and polishes in this Diamond City. It is the second largest city in Gujarat widely popular for its textiles, thus, deriving the names like 'Silk City' and 'Textile City'.

Surat, being the second cleanest city of the country, makes for one of the paradisiacal cities to live in India. The growing demand for land development and the shifting focus of industries to tier-III and tier-IV cities has proved beneficial for the

city of Surat too. It is now being eyed by leading IT companies, Corporates and BPO firms who are willing to establish their presence in Surat. The IT sector especially along with ITes and BPO is thriving in the city of Gujarat after Ahmedabad and Vadodara. There are various reasons leading to selection of these cities as next IT hubs or industrial hubs like their strategic

location i.e. proximity to existing or current business centres.

Some of the important factors contributing to the growth and increasing preference for Surat could be affordable prices, serene ambience, convenient public transport, good education facilities, excellent employment and self-employment potentials and

entertainment facilities like multiplexes, etc. Easy availability of usable land, comparatively cheaper labor, congenial environment, etc. is always looked for by the industries as it makes for ideal business destination. Suitable civic infrastructure,

improved medical and educational facilities are also important as they forecast the scope for absorption potential of the products and services.

has given a high boost to the real estate industry of the city delighting the property developers and property agents. The real estate developers are now launching projects that offer convenience, great living experience and state-of-the-art amenities at affordable prices. The success of local developers following the agenda of providing 'affordable housing' to the common man has inspired larger builders to pump in money into a growing city like Surat. Some of the upcoming projects in Surat real estate include a hotel projects by Bhagwati Banquets and Hotels Limited with an investment of Rs. 77 crores; Siddhi Shopping Complex and a mega township 'La Heights' by Pooja Corporations and many more.

The growing demand for property in Surat naturally emphasizes on the need for more residential and commercial spaces. Surat is a home to many important educational institutes resulting in huge influx of students from outside the city. The skilled

professionals hired by MNCs in the city also keep bustling in the city to meet the workforce demand of the new setups. Both the students and professional together bolster the demand for housing in Surat, thus, encouraging real estate developers to build more and more residential properties. Added to this is the demand of housing by NRIs as they usually invest large amounts of money in the residential sector of Surat. All such elements put together lead to a considerable rise in demand for real estate. But there is a

deficit between demand and supply of property in the city.

The availability or supply of property is not able to meet the burgeoning demand resulting in higher property and rental values. These values are still lesser than other major cities but are expected to rise soon in wake of the fast paced developments taking place throughput the city. It is, therefore, the ideal time to invest in Surat

property market before the prices svelte higher and become unreachable.