Igatpuri – A small and serene town surrounded by the highest peaks of Sahyaadri i.e. the Western Ghats is situated in the Nashik District of Maharashtra. The hill station’s major USP is its Vipassana International Academy, where the ancient technique of meditation is taught.
Igatpuri falls on busy Mumbai-Agra NH-3 highway which is only 45 km from Nasik and 130 km from Mumbai. The region is one of the best places to visit in Maharashtra in monsoon. Hence, many people prefer this region as a weekend home destination.
So let’s understand what makes this place a loved destination to buy a weekend home:
The place is well connected by both rail and road network. 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. On road, it is connected to both Mumbai and Nashik through Mumbai-Agra NH3 highway.
Igatpuri is also a popular place among tourists as it is home to many historic forts which were built during Satavahana dynasty. This place is a heaven for trekkers and hikers because of various mountain ranges. 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
According to many realty experts, “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.”
The lush greenery, scenic beauty, and cool weather also attract many property buyers to this location. Its proximity to Mumbai makes it an ideal weekend getaway. Unlike Lonavala and Khandala, it is not as densely populated or commercialized.
In the past, 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 affordable housing segment.
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 in Igatpuri.
Property price and trends
Igatpuri has everything 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.
Many notable realtors have developed their projects in the region recently like Jay Balaji Heights, Hemrock Realty Green Hills, Ventures Dew Drops and Popular Buildcon Rain Forest Villas.
Apart from this, in recent times, many HNIs have also shown their interest in buying property here, which shows a considerable potential for property growth. The region has developed rapidly in the past five years and hence it is becoming an ideal destination for vacation homes.
So stop thinking and buy a property in Igatpuri soon to enjoy a relaxing weekend!