Commercial property in Surat is set to witness a further upswing in the market and capital values may eventually increase according to market experts. Going by prevalent market sentiments, Surat has always been one of the most preferred markets for real estate investments in both residential and commercial sectors owing to its high growth figures which have outstripped most Indian and Asian cities with aplomb! Surat has registered huge investments in commercial property over the last couple of years and this has been sparked by several factors including its proximity to Mumbai and several industrial towns, ease of doing business, top class infrastructural facilities, cutting edge public transport, several upcoming infrastructural projects, economic growth, flourishing diamond trading and operations, textile and corporate boom and migration of professionals from other cities.
These are factors which have scaled up the demand for commercial property in Surat and the trend looks set to continue. However, investors and buyers are now willing to invest more into purchasing commercial properties provided they receive added benefits and the latest conveniences including seamless power and water supply, state of the art security systems, social amenities and the like. An upcoming textile park is being set up in Surat and there will soon be demand amongst corporates and traders for more such integrated parks with all necessary facilities and entertainment and recreational centres within one campus. However, futuristic amenities and functionality will be the key for developers looking to make a mark in this segment in Surat.
There are several upcoming commercial projects in Surat such as Rajhans Olympia, which offer top notch business and retail spaces to customers along with premium facilities. This is a trend that will spread its wings over the next two years with the textile park and the complex for diamond traders creating ripples in the locality. Several corporates and investors are making a beeline for Surat and demand for more upcoming commercial projects in Surat will rise sharply. Additionally, several properties will be coming up in the outskirts of the city or its peripheral areas which offer greater land volumes for developers to cash in on. Several projects will be based on the Highway connecting Surat to Mumbai which will be the next growth node for commercial parks, industries, manufacturing units and businesses. Surat’s commercial realty market looks pretty rosy and should offer great returns to investors for two-three years at least post which there could be a marginal rise in prices of property in prime business destinations.