Why Surat is the Best City to Invest in Property

Surat, a bustling city in the Indian state of Gujarat, has experienced remarkable population growth, making it one of the busiest and most developed cities in the nation. Its economy is driven by vibrant industries such as textiles, diamond polishing, petrochemicals, automotive, and food processing. These industries have propelled Gujarat into one of India’s most industrialized regions. Surat offers an exceptional balance between urban convenience and traditional cultural elements, positioning it for significant growth. As a future smart city, Surat is set to enjoy increased efficiency, inclusivity, and connectedness, making it a highly competitive metropolitan area. This article delves into why Surat is the best city for property investment.

Standard of Living

Surat is globally renowned for its high standard of living. Often referred to as the Diamond Capital of the World, Surat is one of the most dynamic cities in India and across the globe. The average Surti earns almost double the annual income of an average Indian. This booming city has been awarded the “Best Urban City of India” and consistently ranks among India’s top cleanest cities according to Swachch Sarvekshan Surveys. Surat truly stands out as a city with a remarkable quality of life.

The Game Changer

Known as The Manchester of the East, Surat is the second largest marketplace in Gujarat and one of India’s largest cities. It has been a major hub for diamond processing and synthetic textiles. The Wall Street Journal estimates that 80% of the world’s diamonds are processed in Surat. This city boasts a vibrant commercial scene that continues to attract businesses and investors from around the world.

Infra-Ahead

Surat has benefited significantly from ambitious government projects, placing it at the forefront of progress in India. With the recent upgrade of its airport to international standards and increased air connections, Surat is poised for further success. Exciting new initiatives such as the bullet trains and the Delhi-Mumbai Industrial Corridor (DMIC), along with the burgeoning Diamond Bourse, make Surat a city with a promising future.

Cultural Hub

Surat is demographically diverse and economically prosperous, with people from various backgrounds and beliefs living together harmoniously. The city boasts an extremely low unemployment rate of only 0.18%, thanks to its robust job market. This skilled, hardworking population contributes to Surat’s vibrant and inclusive culture, making it an exciting city to be part of.

Future  Here

Surat holds incredible potential for investment due to its abundant natural resources, supportive labor force, and government backing. The city enjoys world-class infrastructure and thriving small-scale industries, especially in the textile sector. Several notable global investors have already shown interest in investing in Surat, with more opportunities yet to be explored. Investing in Surat offers a safe venture with high returns on investments.

A Wise Choice

Strategically located close to Mumbai, Surat is a business-friendly city with excellent infrastructure. Various infrastructural and economic initiatives are planned for the near future, making investments made today in Surat highly fruitful. Traders and businessmen should certainly consider investing in Surat now for higher returns later.

Economic Powerhouse

Surat’s economy is powered by its dominant industries. The textile industry, often referred to as the backbone of Surat’s economy, contributes significantly to its GDP. The diamond polishing industry is another major contributor, with Surat processing around 90% of the world’s diamonds. The petrochemical industry, automotive sector, and food processing industries also play crucial roles in the city’s economic landscape.

Real Estate Boom

The real estate market in Surat is booming, driven by the city’s rapid development and industrial growth. Property prices in Surat are relatively low compared to other major Indian cities, making it an attractive investment option. Capital values have risen in tandem with the region’s development, offering substantial returns for real estate investors.

Infrastructure Development

Surat’s infrastructure development is a key factor driving its attractiveness for investment. The city’s road network, public transportation, and utilities are continually improving. The upcoming bullet train project and the expansion of the DMIC are set to further enhance Surat’s connectivity and infrastructure, making it a more attractive destination for businesses and investors.

Government Support

The government of Gujarat has been highly supportive of Surat’s development. Various policies and initiatives aimed at promoting industrial growth, infrastructure development, and foreign investment have been implemented. This support has created a conducive environment for businesses to thrive and for investors to reap substantial returns.

Strategic Location

Surat’s strategic location close to Mumbai, one of India’s major financial hubs, adds to its appeal. The city’s proximity to major ports and its excellent connectivity through road, rail, and air make it an ideal location for businesses. This strategic advantage makes Surat a highly competitive city for investment.

Conclusion

Surat presents a compelling case for property investment, with its high standard of living, robust economy, and promising future. The city’s strategic location, supportive government policies, and ongoing infrastructure development make it a prime destination for investors. With relatively low property prices and high potential for returns, now is the time to invest in Surat. Welcome to Surat, welcome to an ocean of opportunities.