Property Prices in Surat, India

Index Info
Price to Income Ratio: 8.29
Mortgage as Percentage of Income: 79.71%
Loan Affordability Index: 1.25
Price to Rent Ratio - City Centre: 13.36
Price to Rent Ratio - Outside of Centre: 9.50
Gross Rental Yield (City Centre): 7.49%
Gross Rental Yield (Outside of Centre): 10.52%
Rent Per Month
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Apartment (1 bedroom) in City Centre 23,021.32 ₹ 10,000.00-35,000.00
Apartment (1 bedroom) Outside of Centre 24,730.11 ₹ 10,000.00-34,500.00
Apartment (3 bedrooms) in City Centre 26,129.63 ₹ 20,000.00-35,000.00
Apartment (3 bedrooms) Outside of Centre 21,672.00 ₹ 15,000.00-32,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,197.27 ₹ 4,645.11-6,038.65
Price per Square Feet to Buy Apartment Outside of Centre 3,663.70 ₹ 2,499.98-4,999.96
Salaries And Financing
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Average Monthly Net Salary (After Tax) 28,750.00 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.42 7.00-10.00

These data are based on 177 entries in the past 18 months from 41 different contributors.
Last update: August 2022

Sources and References
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