Property Prices in Surat, India

Index Info
Price to Income Ratio: 7.24
Mortgage as Percentage of Income: 71.38%
Loan Affordability Index: 1.40
Price to Rent Ratio - City Centre: 8.70
Price to Rent Ratio - Outside of Centre: 5.92
Gross Rental Yield (City Centre): 11.49%
Gross Rental Yield (Outside of Centre): 16.89%
Rent Per Month
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Apartment (1 bedroom) in City Centre 29,393.63 ₹ 10,000.00-50,000.00
Apartment (1 bedroom) Outside of Centre 33,398.65 ₹ 9,500.00-50,000.00
Apartment (3 bedrooms) in City Centre 50,920.00 ₹ 24,000.00-100,000.00
Apartment (3 bedrooms) Outside of Centre 47,889.36 ₹ 15,000.00-100,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,097.65 ₹ 4,499.96-6,038.65
Price per Square Feet to Buy Apartment Outside of Centre 3,640.31 ₹ 2,499.98-4,999.96
Salaries And Financing
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Average Monthly Net Salary (After Tax) 32,500.00 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.77 7.00-9.00

These data are based on 336 entries in the past 18 months from 80 different contributors.
Last update: May 2023

Sources and References
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