Surat Pin Codes: 5 Most Expensive Areas in Surat
Surat is a bustling city located in the western state of Gujarat, India. It is a hub of business and commerce, with a rich history of textile manufacturing and diamond trading. The city has seen rapid development in recent years, leading to a rise in property prices. In this article, we will take a look at the five most expensive pin codes in Surat city to live in, including the name of the area, cost of living, average property rate, and average cost of renting a 2BHK.
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Pin Code: 394510 - Vesu
Vesu is a well-planned and well-connected area in Surat, known for its luxurious lifestyle and high-end properties. It is a popular residential area among affluent individuals and families. The cost of living in Vesu is quite high, with an average monthly expense of around INR 50,000. The average property rate in Vesu is around INR 8,000 per square foot, making it one of the most expensive areas in Surat. The average cost of renting a 2BHK in Vesu is around INR 20,000 per month.
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Pin Code: 395007 - Adajan
Adajan is another posh area in Surat that is known for its modern amenities and well-developed infrastructure. It is located in the heart of the city and is home to several high-end residential projects. The cost of living in Adajan is slightly lower than Vesu, with an average monthly expense of around INR 40,000. The average property rate in Adajan is around INR 7,500 per square foot. The average cost of renting a 2BHK in Adajan is around INR 18,000 per month.
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Pin Code: 395009 - Pal
Pal is a rapidly developing area in Surat that has seen significant growth in recent years. It is located on the outskirts of the city and is known for its scenic beauty and peaceful environment. The cost of living in Pal is relatively lower than Vesu and Adajan, with an average monthly expense of around INR 35,000. The average property rate in Pal is around INR 6,500 per square foot. The average cost of renting a 2BHK in Pal is around INR 16,000 per month.
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Pin Code: 395003 - Athwa
Athwa is a prime location in Surat that is home to several high-end residential projects and commercial establishments. It is known for its upscale lifestyle and well-maintained infrastructure. The cost of living in Athwa is quite high, with an average monthly expense of around INR 45,000. The average property rate in Athwa is around INR 7,000 per square foot. The average cost of renting a 2BHK in Athwa is around INR 17,000 per month.
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Pin Code: 395004 - Varachha
Varachha is a densely populated area in Surat that is known for its vibrant culture and bustling streets. It is a popular residential area among the middle class and upper-middle-class families. The cost of living in Varachha is relatively lower than the other areas on this list, with an average monthly expense of around INR 30,000. The average property rate in Varachha is around INR 5,500 per square foot. The average cost of renting a 2BHK in Varachha is around INR 14,000 per month.
In conclusion, Surat is a city with a diverse range of areas, each offering a unique living experience. The above five pin codes are the most expensive areas in Surat, and they cater to individuals who seek a luxurious and high-end lifestyle. These areas are well-planned, well-connected, and offer modern amenities and services. While the cost of living in these areas is higher than the rest of the city, they offer a comfortable and convenient lifestyle.
It is important to note that the cost of living and property rates mentioned above are subject to change, and may vary depending on several factors such as the location, size, and condition of the property. Prospective buyers or renters are advised to conduct thorough research and consult with real estate agents before making any decisions.
Frequently Asked Questions
Q. What are the factors that determine property rates in Surat?
A. Property rates in Surat are influenced by several factors such as the location, size, condition, age, and amenities of the property, as well as the demand and supply in the market.
Q. Are there any affordable areas to live in Surat?
A. Yes, there are several areas in Surat that offer affordable housing options. Some of these areas include Katargam, Udhna, and Bhatar.
Q. Is it better to rent or buy a property in Surat?
A. The decision to rent or buy a property in Surat depends on several factors such as your financial situation, long-term plans, and personal preferences. It is advisable to consult with a financial advisor or real estate agent before making any decisions.
Q. What are the popular amenities offered in high-end residential projects in Surat?
A. Some of the popular amenities offered in high-end residential projects in Surat include swimming pools, gyms, landscaped gardens, security systems, and concierge services.
Q. How can I find the best deals on properties in Surat?
A. You can find the best deals on properties in Surat by conducting thorough research, comparing prices, negotiating with sellers or agents, and seeking professional advice. It is also advisable to keep an eye on the real estate market trends and developments.
