Property Prices in Surat, India

Index Info
Price to Income Ratio: 7.81
Mortgage as Percentage of Income: 82.87%
Loan Affordability Index: 1.21
Price to Rent Ratio - City Centre: 24.06
Price to Rent Ratio - Outside of Centre: 17.93
Gross Rental Yield (City Centre): 4.16%
Gross Rental Yield (Outside of Centre): 5.58%
Rent Per Month
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Apartment (1 bedroom) in City Centre 9,913.64 ₹ 5,000.00-17,000.00
Apartment (1 bedroom) Outside of Centre 9,066.67 ₹ 4,000.00-16,000.00
Apartment (3 bedrooms) in City Centre 18,504.76 ₹ 14,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 13,990.48 ₹ 8,000.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,915.79 ₹ 3,999.97-7,999.93
Price per Square Feet to Buy Apartment Outside of Centre 3,083.84 ₹ 2,787.07-3,499.97
Salaries And Financing
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Average Monthly Net Salary (After Tax) 27,555.56 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.75 7.00-10.50

These data are based on 192 entries in the past 18 months from 33 different contributors.
Last update: February 2021

Sources and References
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