By far you have known Kolhapur for its famous “Kolhapur footwear’s and Kolhapur Jewelry” but now the city also remains in news for its vast realty market. The burgeoning market here consistently shows a rising trend, pooling high revenue to the gross domestic product. It attracts the end buyers from different locations; the biggest factor is its geographical location in the state of Maharashtra that further augments the realty here.
The city has huge infrastructure base that becomes a strong reason for investors settling here. Kolhapur Municipal Corporation has undertaken many projects to improve the road network of the city and encroachment drive. Urban plans have also been redesigned to make city a better place.
It has around 300 foundry mills which are responsible for approximately 15 billion exports per year. This foundry cluster is further to be extended which aims to the exports of around 55 billion experts each year. Coming to the realty market of the city, it grows by leaps and bounds. Prime reason for Kolhapur realty market experiencing a surge is its strategically planned developments undertaken with various schools, colleges, Universities, IT hub, mills that make this place ideal for residential and commercial purposes.
With the market here growing at high speed, the business of realty players like brokers too have increased but will they assure better deals can be a question to contemplate over and over.
How to Deal with local Brokers
City like Kolhapur has huge potential in realty market, drawing advantage of the same; many real estate agents have entered in the industry, intending to help the end buyers. But not all commit good deals. There have been many fraud cases that have been reported so next time if you make a property deal make sure that your property agent does not fool you with it. Probe to get all the requisite details about the property, location, connectivity and price of the property. Primarily the commission rate charged by the agents is the area where the end buyer may end up paying exorbitant and secondly main area where the broker may misguide the buyers is in the construction quality. Don’t fall for the trap. Make sagacious moves, as it a long term investment made.
What are the Price Rates?
If you are looking for different types of Kolhapur properties, then there is plenty of each kind available. A prospective investor can go find villas, pent house, independent house, apartments and several of its kind in the residential sector. The price rates of the properties here vary largely. For example an independent house here in a posh society of 500 sq. ft. to 550 sq. ft may range between 13 lacs to 29 lacs. On the other hand the commercial investors can find high end integrated office spaces of 200 sq.ft area to 257 sq. ft. area between 9 lacs to 30 lacs.
Thriving localities in Kolhapur
The development in the city is growing steadily; therefore there are various gated communities established by renowned players of the realty sector keeping in mind the end needs of the modern day investor.
Few flourishing sectors:-
- Kasbekar Park
- Vr Campus
The prominent feature about these areas is they are strategically located in the midst of several facilities and amenities ensuring ideal connectivity to the investors day and dark. Healthcare centers, shopping complexes, banks, ATM’s, restaurants all are accessible within easy reach.
Investors can earn high with the investment in the property as the price appreciation of the properties is taking place steadily which reflects an optimistic scenario for the investors.