1 BHK Flat for Sale in Vaibhav Apartment, Athwa Gate Surat | Detailed Property Review, Price Analysis & Investment Potential

Affordable 1 BHK Flat in Athwa Gate Surat for ₹26 Lakh

Looking for a spacious and affordable 1 BHK flat in a prime central location of Surat? This resale apartment in Vaibhav Apartment, Athwa Gate offers an excellent opportunity for homebuyers and investors seeking a ready-to-move property in one of Surat’s most established residential areas.

Priced at ₹26 lakh, this apartment features a generous 900 sq.ft. carpet area, one bedroom, one bathroom, two balconies, a separate store room, and open parking. Located on the 3rd floor of a low-rise 4-storey building, the property combines affordability with excellent connectivity to commercial hubs, educational institutions, hospitals, and transportation networks.

Property Overview

Particular	Details
Project Name	Vaibhav Apartment
Location	Athwa Gate, Surat
Property Type	Residential Apartment
Configuration	1 BHK
Carpet Area	900 Sq.ft.
Price	₹26 Lakh
Rate Per Sq.ft.	₹2,888
Floor	3rd Floor
Total Floors	4
Property Age	10+ Years
Ownership Type	Co-operative Society
Transaction Type	Resale
Bathrooms	1
Balconies	2
Store Room	Yes
Parking	1 Open Parking
Flooring	Vitrified
Power Backup	No
Possession	Immediate

Property Highlights

Spacious 900 Sq.ft. Carpet Area

One of the biggest advantages of this property is its exceptionally large carpet area. Most modern 1 BHK apartments in Surat range between 450 and 650 sq.ft., while this apartment offers approximately 900 sq.ft. of usable space.

This provides:

• Larger living room
• Spacious bedroom
• Better storage options
• Comfortable family living
• Future interior modification possibilities

Two Balconies

The apartment includes two balconies, improving:

• Cross ventilation
• Natural sunlight
• Outdoor relaxation space
• Utility usage

Separate Store Room

A dedicated store room is a rare feature in many 1 BHK apartments and significantly improves functionality for families.

High Ceiling Height

Higher ceilings provide:

• Better air circulation
• Spacious feel
• Enhanced natural light
• Improved interior aesthetics

About Athwa Gate – One of Surat’s Established Locations

Athwa Gate is among Surat’s oldest and most centrally located residential and commercial areas. Its strategic location offers quick access to major parts of the city, making it highly desirable for both residential living and investment purposes.

Why Athwa Gate is Popular

✔ Excellent road connectivity

✔ Strong commercial presence

✔ Developed infrastructure

✔ Established residential communities

✔ Close to schools and hospitals

✔ High rental demand

✔ Good public transportation

Connectivity & Nearby Landmarks

Landmark	Distance
Ring Road	1 Km
Ghod Dod Road	2 Km
City Light	3 Km
Dumas Road	4 Km
Surat Railway Station	8 Km
Surat Airport	12 Km
Khatodara Industrial Area	4 Km
Citi Industrial Estate	7 Km
Major Commercial Hubs	Within 3 Km

The location is ideal for professionals working in business districts and industrial areas.

Educational Institutions Nearby

Families with children benefit from proximity to reputed schools and colleges.

Nearby Educational Facilities

• St. Xavier’s School
• Ryan International School
• SD Jain School
• Government Colleges
• Various coaching institutes

This makes Athwa Gate a preferred residential destination for families.

Healthcare Facilities Nearby

Residents have quick access to major healthcare facilities.

Nearby Hospitals

• Mahavir Hospital
• Sunshine Global Hospital
• Mission Hospital
• Local multi-speciality clinics

Healthcare accessibility is a significant advantage for families and senior citizens.

Lifestyle & Daily Convenience

Athwa Gate offers all essential amenities within a short distance.

Daily Lifestyle Benefits

• Grocery stores
• Medical shops
• Banks
• ATMs
• Restaurants
• Cafes
• Shopping centres
• Religious places

The apartment’s balcony reportedly overlooks a nearby Derasar, which may appeal to Jain families and buyers seeking a peaceful religious environment.

Investment Analysis

Purchase Cost Breakdown

Component	Estimated Cost
Property Price	₹26,00,000
Stamp Duty & Registration	₹1.2 – ₹1.5 Lakh
Legal Charges	₹15,000 – ₹30,000
Miscellaneous Costs	₹10,000 – ₹20,000
Total Investment	₹27.5 – ₹28.5 Lakh

Considering the carpet area and location, the property offers good value compared to many newer projects.

EMI Calculation

Assuming:

• Loan Amount: ₹23.5 Lakh
• Interest Rate: 8.5%
• Loan Tenure: 20 Years

Estimated EMI: ₹20,000 – ₹21,000 per month.

This makes ownership affordable for salaried professionals and small business owners.

Rental Potential

Athwa Gate continues to maintain strong rental demand because of its central location.

Expected Rental Income

Particular	Estimate
Monthly Rent	₹10,000 – ₹14,000
Annual Rental Income	₹1.2 – ₹1.68 Lakh
Rental Yield	4.5% – 6%

Potential tenants include:

• Working professionals
• Small families
• Students
• Business owners

Amenities Available

The apartment includes several useful features:

Society Amenities

✓ Visitor Parking

✓ Security Guard

✓ Water Storage

✓ Piped Gas Connection

✓ Vaastu Compliant Design

✓ High Ceiling Height

✓ Natural Light

✓ Airy Rooms

✓ Vitrified Flooring

These amenities support comfortable daily living despite the project’s age.

Future Appreciation Potential

Reasons for Long-Term Growth

Central Location

Land availability in established areas like Athwa Gate is limited, supporting long-term value retention.

Commercial Development

The area’s proximity to commercial zones drives continuous housing demand.

Infrastructure Improvements

Road upgrades and transportation enhancements continue to improve accessibility.

Strong End-User Demand

Unlike speculative markets, Athwa Gate enjoys genuine demand from families and professionals.

Important Factors to Consider

Property Age

The apartment is over 10 years old.

Buyers should inspect:

• Structural condition
• Plumbing systems
• Electrical wiring
• Building maintenance
• Waterproofing quality

Power Backup

No dedicated power backup is available.

Verify whether society common areas have backup systems.

Ownership Structure

The property is under a Co-operative Society ownership structure. Ensure proper transfer procedures and society approvals before purchase.

Legal Verification Checklist

Before purchasing, verify the following:

Document	Required
Sale Deed	Yes
Society Share Certificate	Yes
Property Tax Receipts	Yes
Society NOC	Yes
Maintenance Clearance	Yes
Occupancy Certificate	Yes
Building Plan Approval	Yes
Encumbrance Certificate	Yes

RERA Status

The listing shows RERA Status: Not Available.

As the project is more than 10 years old, it may predate mandatory RERA registration requirements. Nevertheless, buyers should conduct thorough legal verification before finalizing the purchase.

Pros and Cons

Advantages

✅ Prime Athwa Gate location

✅ Large 900 sq.ft. carpet area

✅ Two balconies

✅ Separate store room

✅ Open parking

✅ Immediate possession

✅ Strong rental demand

✅ Affordable price per sq.ft.

✅ Near schools and hospitals

Disadvantages

❌ Older building

❌ No power backup

❌ Limited modern amenities

❌ RERA information unavailable

❌ Co-operative society transfer process required

Investment Scorecard

Factor	Rating
Location	⭐⭐⭐⭐⭐
Space Efficiency	⭐⭐⭐⭐⭐
Affordability	⭐⭐⭐⭐⭐
Rental Potential	⭐⭐⭐⭐
Appreciation Potential	⭐⭐⭐⭐
Amenities	⭐⭐⭐
Overall Rating	⭐⭐⭐⭐½

Final Verdict

At ₹26 lakh, this 1 BHK apartment in Vaibhav Apartment, Athwa Gate offers exceptional value due to its large 900 sq.ft. carpet area, central location, and immediate possession status. The property stands out because of its spacious layout, two balconies, store room, and proximity to Surat’s commercial and residential hubs.

For buyers prioritizing space, connectivity, and affordability over luxury amenities, this property presents a strong opportunity. Investors can also benefit from stable rental demand and long-term appreciation in one of Surat’s most established localities.

Overall Investment Rating: 4.5/5 Stars

Best For: First-time homebuyers, small families, investors, working professionals, and buyers seeking spacious housing in central Surat.