Property Prices in Surat, India

Index Info
Price to Income Ratio: 9.53
Mortgage as Percentage of Income: 100.43%
Loan Affordability Index: 1.00
Price to Rent Ratio - City Centre: 6.81
Price to Rent Ratio - Outside of Centre: 8.39
Gross Rental Yield (City Centre): 14.67%
Gross Rental Yield (Outside of Centre): 11.92%
Rent Per Month
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Apartment (1 bedroom) in City Centre 44,777.71 ₹ 20,000.00-50,000.00
Apartment (1 bedroom) Outside of Centre 48,947.71 ₹ 32,111.00-50,000.00
Apartment (3 bedrooms) in City Centre 93,333.33 ₹ 40,000.00-100,000.00
Apartment (3 bedrooms) Outside of Centre 22,000.00 ₹ 15,000.00-76,554.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 6,624.94 ₹ 4,499.96-23,225.57
Price per Square Feet to Buy Apartment Outside of Centre 5,513.92 ₹ 3,999.97-7,432.18
Salaries And Financing
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Average Monthly Net Salary (After Tax) 34,285.71 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.67 7.00-11.00

These data are based on 145 entries in the past 18 months from 32 different contributors.
Last update: March 2024

Sources and References
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