Demand for luxury housing goes up in Surat

by | Aug 27, 2015 | Real Estate

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Are you looking for premium flats in Surat Adajan? Chances are you’re not alone; there is a flood of buyers looking for premium apartments in these tony localities of Surat including Adajan, Vesu, Piplod and many more. Surat is witnessing a steady shift in buyer preferences with greater economic growth and infrastructural progress. Industrial progress has also been rapid in several areas of Surat and this has drawn more and more professionals and businessmen from other cities and towns in India to Surat. Additionally, the city is now witnessing the development of multiple office spaces and manufacturing units and this has also propelled luxury housing demand. Diamantaires and diamond traders are also snapping up luxurious properties in prime areas in Surat.

You will now find several options for ultra luxury flats in Surat Adajan and other areas owing to tangible demand which is prompting developers to come up with these premium offerings in several parts of the city. Several business houses, IT companies, textile hubs, manufacturing biggies, SEZs, diamond merchants, malls and retail outlets have transformed the very look of the city and brought in a high net worth buying population of businessmen and young professionals who seek nothing but the best in terms of housing. People now desire luxury 4 BHK apartments in the city in place of 2 or 3 BHK apartments. While this is the minimum demand in this category, buyers also desire to purchase super luxury apartments and penthouses. Several villas are also being developed in Surat as a result of this change in buyer profiles.

This has led to a shift in the types of flats in Surat Adajan and other areas that are being made available to buyers. Developers are coming up with more and more ultra luxury offerings to cater to this new segment of buyers. Market dynamics are changing as a result of this steady change and have transformed industry perceptions of Surat as an understated and conventional market. Surat earlier had 2 and 3 BHK apartments available which were bought by conservative and restrained buyers. However, premium buyers now want the best in everything including interiors, fittings and fixtures. These buyers also desire premium amenities at these projects including sports and fitness provisions, swimming pools, playgrounds, power backup facilities, community halls and gardens. The market is shifting from mass based housing models to premium and luxury housing solutions that are individually tailored for end users.