Surat is one of the burgeoning markets for real estate in the country. It has captured the attention of NRIs and HNI buyers because of its commercial activities and growing employment opportunities. The city is known for its textile and diamond cutting businesses and now is slated to be the first IT smart city project. Computerizations have been incorporated in several civic activities such as sewage treatment, drainage and now, security of denizens. Most of the investment in Surat is flowing into the residential and commercial real estate sector. Among investors, flats in Surat Adajan are a big attraction.
Adajan is located close to areas such as Athwa Gate, Tadwadi and Anand Mahal Road and tops the list of localities where one should buy property in Surat. It has well-developed social, physical and civic infrastructure. Good schools, healthcare zones and shopping complexes are in the vicinity of the area. The residential communities that are coming up have flats in Surat Adajan, which is the most, sought after residential accommodation among end-use buyers and investors. These flats are of 1, 2 and 3BHK configuration and let in ample sunshine and fresh air. Some of the complexes also have luxury facilities such as gymnasium, swimming pool and club house to fulfil the luxury wants of home owners.
Investing in flats of the area is a good idea because the prices of property are steadily rising in the area. There was a slight dip some time ago but since then, prices have been creeping upwards steadily. The prices are quite low given the fact that it is one of Surat’s sought after areas. In future, with better infrastructure planning, per square foot rate of properties shall increase and return on investment would be better. Besides, Adajan has high demand for rental properties as well which indicates that the rental yield from the area shall also be substantial.
Most reputed builders have the area on their target radar for residential projects. Rajhans Realty has several projects in the pipeline for the area. Most projects that are coming up here have easy financing schemes for salaried professionals to afford their dream homes. If you are looking for a good flat for self-occupation, then flats in Surat Adajan would be a good investment. Investing in under construction projects is a better idea as the prices would be lower and you can redesign without incurring additional cost of renovation.