Property Prices in Surat, India

Index Info
Price to Income Ratio: 7.30
Mortgage as Percentage of Income: 75.40%
Loan Affordability Index: 1.33
Price to Rent Ratio - City Centre: 20.15
Price to Rent Ratio - Outside of Centre: 15.76
Gross Rental Yield (City Centre): 4.96%
Gross Rental Yield (Outside of Centre): 6.34%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,857.14 ₹ 7,000.00-18,000.00
Apartment (1 bedroom) Outside of Centre 10,603.85 ₹ 5,000.00-16,000.00
Apartment (3 bedrooms) in City Centre 19,407.69 ₹ 15,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 14,069.23 ₹ 9,000.00-19,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,870.34 ₹ 3,999.97-7,999.93
Price per Square Feet to Buy Apartment Outside of Centre 2,987.43 ₹ 2,499.98-3,952.06
Salaries And Financing
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Average Monthly Net Salary (After Tax) 28,958.33 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.38 7.00-10.50

These data are based on 228 entries in the past 18 months from 42 different contributors.
Last update: July 2021

Sources and References
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