Overview of Jahangirabad, Surat

Historical and Cultural Significance

Jahangirabad in Surat boasts a history and culture that shine through its magnificent historical structures, showcasing the city’s rich cultural heritage.

Strategic Location

Connected to major roads and highways, Jahangirabad is easily accessible from different parts of Surat. This strategic spot makes it appealing for both residents and investors.

Property Rates and Trends

Residential Property Rates

The starting prices for properties here are about Rs. 2,621 per sqft. The average price reaches Rs. 4,668 per sqft. Prices can even peak at Rs. 8,134 per sqft.

• Flat prices in Jahangirabad run from Rs. 3,100 to Rs. 3,650 per square foot.

Land Rates

Land rates are roughly Rs. 7,950 to Rs. 9,600 per sq ft.

Builder Floor Prices

Builder floors are available for around Rs. 3,500 per sq ft.

Price Appreciation

Property rates have greatly increased, with an 18.4% rise in the past year and 21.1% over the last 5 and 10 years.

Types of Properties Available

Residential Options

In Jahangirabad, you will find apartments, villas, and independent houses of various sizes and types.

Commercial Properties

Commercial growth is on the rise with new shopping centers, office spaces, and retail outlets.

Infrastructure and Amenities

Road Connectivity

Big road expansions and highway projects are improving the area’s accessibility.

Public Transport

We’re also seeing the introduction of efficient public transport systems, making commuting easier.

Amenities

Many residential developments include clubhouses, community centers, fitness centers, security, intercoms, elevators, and parks.

Investment Potential

Demand for Residential Properties

The demand is strong for residential properties because many people are moving to Surat for work and business.

Rental Potential

Rental opportunities abound, creating great chances for real estate investors hoping to rent out properties.

Affordable Housing

Even with rising property prices, Jahangirabad offers a range of affordable homes. This makes it attractive for newcomers and young families.

Future Outlook

Continued Infrastructure Development

Further government investments in infrastructure are expected, enhancing the area’s appeal.

Smart City Initiatives

Surat’s aim to become a smart city means advancements in technology and urban planning that will benefit areas like Jahangirabad. This will improve resident life and increase property values.

Green Initiatives

Expect more eco-friendly initiatives in property developments, appealing to environmentally-minded buyers.

PropertyWala's Conclusion

Jahangirabad, Surat offers a fantastic mix of affordability and luxury. Its historical vibe, modern setup, and strategic place in the city make it a vibrant spot in the real estate market. As the area grows, its investment returns will likely be significant, providing residents with a great quality of life.