Overview of Adajan, Surat

Location and Amenities

Adajan, Surat, is a favored locality in the city for its closeness to important city services. It's near schools, colleges, hospitals, shopping malls, grocery stores, restaurants, and recreational areas.

Property Price Trends

• Average Property Rates: Prices for properties in Adajan are around Rs. 4,613 per square foot.
• Price Range: Flat costs range from Rs. 3,350 to Rs. 4,650 per square foot. Land rates are from Rs. 2,750 to Rs. 15,450 per square foot.
• Year-over-Year (YoY) Growth: There's been a 22.3% drop in property rates over the past year, and a -4.8% drop in flat rates.

Types of Properties

• Apartments: Offer various sizes and configurations at prices from Rs. 3,350 to Rs. 4,650 per square foot.
• Independent Houses: Prices vary but generally fall from Rs. 2,437 to Rs. 15,495 per square foot.
• Builder Floors: Cost around Rs. 2,100 per square foot.
• Villas: There are some villas available, but specific price details aren't provided.

Rental Market

• Rental Prices: For apartments, rates range from ₹10,000 for a 1 BHK to ₹35,000 for a 3 BHK, depending on location, size, and furnishings.
• Availability: Many rental options, including furnished and unfurnished flats and houses.

Amenities and Infrastructure

• World-Class Amenities: Projects in Adajan include 24-hour water supply, back-up electricity, CCTV cameras, community halls, covered parking, fire safety, elevators, and landscaped gardens.
• Infrastructure: Good road networks, municipal water supply, and drainage systems.

Investment Potential

• Price Appreciation: Even with a recent drop, flat rates have gone up by 9.6% in the past 3 years and 14.3% in the past 5 years.
• Demand: Real estate in Adajan keeps growing because of its close proximity to big companies, schools, and other amenities.

PropertyWala's Conclusion

Adajan, Surat, offers a mix of affordability and luxury in real estate, fitting for buyers and renters. Its closeness to essential services and ongoing development makes it good for long-term investment. However, recent rate drops make it a good time to buy, as rates may go up again in the future. For renters, there are many options to fit different budgets.