The real estate market in Lonavala is growing by leaps and bounds. Thanks to the constant tourist influx to Lonavala, a lot of development has happened in the recent years. Be it infrastructural development by the government or the construction of villas, apartments, bungalows, etc., the real estate market in Lonavala is in heading north.
Lonavala is located in the proximity of Mumbai and Pune, two of the most developed cities in India. This vicinity works to Lonavala’s advantage as a lot of working professionals frequent the place during the weekends. As the beauty of the place has a tranquil effect, many people want to have an abode of their own where they can retreat after spending a hectic week in the chaos of the city. This is one of the prime reasons for the Lonavala real estate boom that many people talk about these days.
Lonavala has excellent road and rail connectivity and it takes around 3 hours to reach there from Mumbai. It also has a major railway station and there are a number of trains that stop there. Easy accessibility has also led to the widespread interest in the Lonavala real estate.
Lonavala offers serene and peaceful environment to people. Many retirees have made Lonavala their second home as they want to spend quality time while being closer to nature. Professionals working in the Mumbai and Pune too are very keen to buy property in Lonavala as the investment promises great returns in the future.
If you are looking for properties in Lonavala for sale, you will be glad to know that over the years, many prominent builders have come up with exciting new projects. Today, people have a lot of options to choose from when it comes to buying property for investment purposes as builders offer a wide range of apartments, bungalows, villas to investors.
Most leading developers are of the view that in the coming years, Lonavala will become a major city with infrastructure that will be second to none. People who make wise investment decisions today will get good returns in the times to come. It will be one of those rare places that offer access to all the modern amenities while being serene and tranquil at the same time. The quality of life in Lonavala will appeal to people not only from Maharashtra, but from other states as well.
The prices in Lonavala are in the range of Rs. 3000 to Rs 5000 per square feet. Prices vary to a great extent on the location of the real estate. Bungalows and villas are priced in the upwards of a couple of crore.
So, if you’re thinking about buying real estate near Mumbai, Lonavala can be a good option for you. Considering the pace of development in Lonavala, there is a likelihood that you will stand to gain from buying real estate there.