Surat To Get Metro Connectivity By 2024

Surat, the textile hub of India, will soon become the second city in Gujarat to have a Metro connectivity. The Centre on March 8 approved the construction of two Metro corridors in the city. The Rs 12,000-crore Phase-I project will be implemented by the Gujarat Metro Rail Corporation (GMRC) and will be completed in five years. The project will be financed by the Central and the state government on a 50-50 basis.

The two corridors approved include Sarthana to Dream City and Bhesan to Saroli.

Corridor-I: The 21.6-km stretch will run between Sarthana and Dream City with 20 Metro stations. Of the total stretch, 6.4 km will be underground while the remaining will be elevated.

Corridor-II: This 18-km line will run between Bhesan and Saroli, and will have 18 elevated Metro stations.

Impact on real estate

Unlike many Tier-II cities in India, Surat has an active property market that interests many non-resident Indian (NRI) investors.  

The corridor-I will be connecting the Diamond Research and Mercantile City, which is an upcoming business district in Surat. To be built on 2,000 acre of land near Khajod, the Metro connectivity will make the area more approachable and attractive for commercial development. At present, Varachha has most of the diamond workshops and will be connected to Dream City by the north-south corridor. The same corridor will also be connected to the Surat International airport.

Adajan, Pal, Palanpur areas are some of the popular residential localities in west Surat that will fall on the corridor-II. According to data available with Makaan.com, there are over 200 ready-to-move-in projects in west Surat, with property prices ranging between Rs 4,500-6,000 per square foot (psf). The Metro connectivity will have a positive impact on the otherwise stagnant property prices. For those planning to move-in here or buy a property for rental income, now is the time to do so.