Overview of Vesu, Surat

Vesu in Surat is noted for its active property scene, featuring a wide array of options for both buyers and renters.

Property Prices

• Average Price per Sq.Ft.: Properties in Vesu average around ₹5,700 - ₹5,825 per square foot.
• Price Range per Sq.Ft.: Prices range between ₹3,518 to ₹10,366 per sq.ft, influenced by the property type and location.
• Specific Property Types:
  • Apartments: Prices are from ₹5,500 to ₹6,550 per sq.ft. A 1 BHK can range between ₹15.05 lakhs to ₹20.9 lakhs, while a 2 BHK can cost between ₹20.9 lakhs to ₹35 lakhs.
  • Builder Floors: Prices are from ₹5,150 to ₹7,600 per sq.ft.
  • Villas and Independent Houses: Range from ₹2.29 Cr to ₹6.99 Cr and ₹1.48 Cr to ₹3 Cr respectively.

Property Types and Availability

• Apartments: Configurations include 1 BHK, 2 BHK, 3 BHK, 4 BHK, and 5 BHK. There are over 163+ flats listed for sale.
• Builder Floors: More than 9+ builder floors available.
• Villas and Independent Houses: Several villas and independent houses available for luxurious living.
• Plots: Also plots up for grabs for custom construction.

Rental Market

• Rent Prices:
  • 1 BHK: Prices are not distinctly set but tend to target lower budget ranges.
  • 2 BHK: Rent ranges from ₹19,000 to ₹35,000 monthly.
  • 3 BHK: Rent ranges from ₹24,500 to ₹72,000 monthly.
  • 4 BHK and 5 BHK: Can cost up to ₹70,000 and ₹2 Lac monthly respectively.

Market Trends

• Year-over-Year (YoY) Growth: Property rates fell by 1.8% to 2.45% last year.
• Long-term Growth: In 3, 5, and 10 years, property rates rose by 17.5%, 35.7%, and 48.1%.

Amenities and Infrastructure

• Location: Vesu is a well-connected popular area of Surat.
• Security and Environment: The area is known for its secure setting and proximity to well-known builders and projects.

PropertyWala's View

Vesu in Surat is a hot spot for real estate investors and potential buyers. It comes with many property options at competitive prices. Even with the recent dip in property rates, growth trends are strong over the long run. Good infrastructure, a safe environment, and closeness to main areas make it a smart choice for people planning to live in Surat. For buyers or investors, Vesu offers balanced affordability, luxury, and future growth promise.