Sachin in Surat sees Good Real Estate Growth
Sachin is an industrial area in Surat. The area is currently witnessing a good growth in real estate for multiple reasons including good growth in Gujarat, good employment opportunities and a good infrastructure. Moreover, the new BRTS system is expected to give Surat real estate a significant boost.
Location and connectivity
Sachin lies on the bank of Mindhola Creek, to the south of Surat. Sachin has two state highways (SH-611 and SH-168) as well as one national highway (NH-228) passing through it. These highways connect the locality to other localities in Surat as well as important cities such as Ahmedabad, Navsari, Anand and Dandi. Sachin is well connected to other SEZs within Surat by these highways.
The new BRTS system between Surat and Navsari has hugely benefited Surat’s connectivity. Sachin has a railway station on the Vadodara-Surat-Navsari-Mumbai line. The nearest airport is the Surat airport at a distance of 20 km.
Infrastructure and amenities
Surat has a robust infrastructure as it is an important industrial area. It has a GIDC industrial area and several SEZs such as Surat Special Economic Zone (SurSEZ), Diamond SEZ and other private SEZs. There is an In Land Container Depot (ICD) present in Sachin. As such, the area has a good water and power supply as well as good roads. The Sachin Industrial Area is the second largest industrial area in Asia in terms of area. There are several small and large companies present in the Sachin Industrial Area.
The locality has also witnessed a growth in social amenities within its proximity. Some of the schools include Popda Prathmic School and Mausam High School. The Lajpur Sarwajanik Hospital too is within the proximity. Other amenities within Sachin’s proximity include Bank of Baroda, restaurants and places of worship.
Sachin Real Estate
The availability of jobs and improving social infrastructure especially the BRTS, have attracted many home buyers here. The number of new projects coming into the area is slowly growing. There are several new apartment projects coming up in the area with configurations of 1 and 2BHK flats. The area of a 1BHK apartment is about 550 sq. ft. and that of a 2BHK apartment is 700-750 sq. ft. The approximate cost of a 1BHK apartment is between Rs 8-10 lakh while that of a 2BHK apartment is between Rs 15-25 lakh.
Sachin has witnessed a good growth in property values in the last 2 years. The average property value in the first half of 2012 was about Rs 1,100 per sq. ft., while it was about Rs 1,800 per sq. ft. during the second half of 2013, marking an increase of 63 per cent within 1.5 years.
The BRTS system and infrastructure in Sachin have given a boost to the locality’s real estate sector, leading to more residential projects coming up in the area.
