Overview of VIP Road Area, Surat

Location and Connectivity

• VIP Road in Surat features good public transport, plenty of cabs and autos, and well-maintained roads.
• This locality enjoys strong inter-city connectivity via NH-53 and is near key business areas like Vesu, Bhatar, Adajan, and LP Savani.

Property Types and Prices

• The area includes a variety of property options including apartments, villas, standalone houses, plots, and commercial properties like offices, showrooms, and shops.
• Apartment prices range from ₹78 lakhs to ₹5.5 crores, with average prices per square foot anywhere from ₹5,350 to ₹6,550.
• Here is a summary of property types with their price ranges:
  • Apartments:
    • 1 BHK: ₹15.25 lakhs - ₹28.75 lakhs
    • 2 BHK: ₹45 lakhs - ₹2.25 crores
    • 3 BHK: ₹78 lakhs - ₹2.25 crores
    • 4 BHK: ₹2.25 crores - ₹3.6 crores
    • 5 BHK: ₹3 crores - ₹5.09 crores
    • 6 BHK and above: ₹3.51 crores - ₹5.5 crores
  • Villas: ₹45 lakhs - ₹3.51 crores
  • Independent Houses: ₹3.51 crores
  • Plots: ₹1.5 crores
  • Office Spaces: ₹60 lakhs - ₹2.5 crores
  • Showrooms: ₹2 crores - ₹6.5 crores
  • Shops: ₹60 lakhs - ₹71 lakhs

Amenities and Infrastructure

• The area is home to many amenities:
  • Hospitals: Anant Multispeciality Hospital, Sanjivni Hospital, Om Women's & Children Hospital.
  • Educational Institutions: Schools like Lancer Army School are nearby.
  • Recreational Facilities: PVR Cinema, Cinemax.
• Planned projects like the Surat Metro Line-1 aim to improve connectivity, while the redevelopment of Udhna Railway Station will upgrade the travel experience.

Current Market Trends

• The typical property rate per square foot for apartments falls between ₹5,500 to ₹6,550.
• Over the past year, prices dipped by -5.2%. Over the last 3 years, the appreciation was 4.8%, and over the last 5 years, it soared by 29.4%.

Challenges

• Residents commonly deal with waterlogging during monsoons and lack adequate parking. There's also higher air pollution due to solid waste burning in neighboring areas.

PropertyWala's Conclusion

VIP Road in Surat presents a developed and stable community with diverse real estate fitting many budgets and needs. Despite its good connectivity, amenities, and infrastructure, potential residents should consider challenges like parking and environmental pollution. The long-term trends for price appreciation indicate it could be a smart investment, especially with future infrastructure developments expected to boost quality of life and property values. Careful consideration of these factors is crucial when deciding to buy or rent in this area.