Surrounded by the highest peaks of Sahyaadri i.e. Western Ghats, Igatpuri is a small and serene town in Nashik District of Maharashtra. The hill station is well-known for Vipassana International Academy, where the ancient technique of meditation is taught.
The region is one of the best places to visit in Maharashtra in monsoon. Igatpuri falls on busy Mumbai-Agra NH-3 highway which is only 45 km from Nasik and 130 km from Mumbai. Hence, many people prefer this region as a weekend home destination.
So let’s understand what makes this place a loved destination for weekend home:
Igatpuri is well connected by rail and road. The railway station lies in Nashik District between Mumbai and Nashik Road on the Central Railway. Trains on this route usually stop for 20 minutes in order to change locomotives.
Igatpuri is known for historic forts which were built during Satavahana dynasty. Because of various mountain ranges, this place is a heaven for trekkers and hikers. Apart from this, the place is full of many tourist hotspots where one can enjoy with family and relieve themselves from the pressure of hectic office work during weekends. Some of the major tourist attractions are Bhatsa River Valley, Kalsubai Peak, Dhamma Giri Meditation Centre, Ghatandevi Temple, Igatpuri Cemetery, Tringalwadi Fort, Camel Valley, and The Five Waterfalls.
Real estate market of Igatpuri
Igatpuri’s tranquil location, excellent connectivity to Mumbai, growing infrastructure, combined with lifestyle amenities and potential for rental income has added feathers to the real estate market of this region in recent times. Because of all this, many people prefer to buy their second home here.
According to a property owner, “The primary reason we bought land and built our farmhouse near Igatpuri, were the lush greenery, scenic beauty, and cool weather that the area provides. Its proximity to Mumbai makes it an ideal weekend getaway. Unlike Lonavala and Khandala, it is not as densely populated or commercialized.”
Earlier the concept of weekend home was confined to bungalows and villas but in order to increase the real estate market, now developers are also moving their focus towards middle and upper-middle-class buyers.
Many Real estate experts say that from the past five to six years, people from Mumbai, Pune, and Nashik, are also investing in one-bedroom and two-bedroom hall apartments here.
Property price and trends
Igatpuri houses a variety of options for every property buyer. One can choose from affordable residences to luxury villas whose price ranges between 20 lakh to 1.5 crores respectively. For flats, the average rates are approximately Rs 2,400-3,000 per sq ft.
In recent times many notable realtors have developed their projects in the region like Jay Balaji Heights, Hemrock Realty Green Hills, Ventures Dew Drops and Popular Buildcon Rain Forest Villas.
Apart from this, many HNIs have also shown their interest in buying property here, which shows a considerable potential for property growth. Buying a property also offer attractive ROIs in the region. It can be understood by the fact that the average rental potential in Igatpuri and surrounding areas is about 2%-7% of the property’s value.
The region has developed rapidly in the past five years and hence it is becoming an ideal destination for vacation homes.
So don’t wait and buy a property in Igatpuri to enjoy a tranquil weekend!