Surat, touted as the eighth largest city in India, is situated in the State of Gujarat on the left bank of Tapi River. Surat is also famous for its worldwide diamond business and has earned the name of ‘Diamond City of India’. More than three-fourth of the diamonds in the world are cut and polished here.
It is also the second largest city in Gujarat widely popular for its textiles, thus, deriving the names like ‘Silk City’ and ‘Textile City’. 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. Surat stands as an important centre for trade and commerce which also boosts the demand of Residential Property in Surat.
Surat touted to be the second cleanest city of the country, makes one of the best 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. A good number of giant IT companies , BPO ‘S and blue chip corporate are planning to enter into the space and set up their bases in Surat.
This also increases the footfall as good number of people migrate to Surat every year in search of better job offers. Growing population also pushes the demand of Residential Property in Surat. Added to this is the demand of housing by NRIs as they usually invest large amounts of money in the residential sector of Surat. The IT sector especially along with ITes and BPO is thriving in the city of Gujarat after Ahmedabad and Vadodara. Surat is envisaged to be the next IT hub also on the back of its strategic location as it enjoys proximity to many existing business centers.
Some of the significant factors contributing to the growth of the city is the affordable prices as the cost of living is reasonably low when compared to other metropolitan cities. The city also offers an excellent social infrastructure with number of good schools, colleges, hospitals and many more. Several multiplexes, shopping malls, clubs, restaurants are available for fun and entertainment purposes that also adds to the lifestyle quotient.
Convenient public transport and good connectivity are two other attraction of the city. One of the significant factor that has boosted the demand of property with a slew of upcoming projects in Surat is the tranquil living. The city offers an escape from the horn blaring city lives.
The industrial boom in Surat has given a high boost to the real estate industry of the city delighting the property developers and property agents. The real estate developers and builders treats the residents with spate of upcoming projects in Surat that offers state of the art infrastructure, world class facilities , top notch amenities, round the clock security and many more.
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. All these factors appears as a great bet for early investors and end users.