Redevelopment to boost to sector in Surat
After a lull of three years, realty business and construction activity will see a boom in the city in the next 24 months.
Except for growth in the affordable housing segment, which was supported by government and private companies, there was not much happening in other sectors.
Only some people were able to to purchase two and three BHK houses in the price range of Rs40 to Rs70 lakh.
But now the city will be seeing redevelopment of over 5,600 dilapidated apartment blocks, which means 1.5 lakh new apartments in place of 1.2 lakh old ones.