Karjat
A serene getaway enveloped in lush greenery and waterfalls, offering a mix of adventure activities and real estate opportunities.
About the location
Overview
Karjat's real estate market is growing due to its strategic location, natural beauty, and connectivity. Prices for properties range from INR 2,000 to 5,000 per sq. ft, with both affordable and premium housing options available.
The Lifestyle
Karjat offers a peaceful, rural lifestyle with a blend of farming communities and urban settlers. The town is culturally diverse, with communities celebrating various festivals like Ganesh Chaturthi, Navratri, and Holi with enthusiasm.
Attributes
Tranquil Environment | Proximity to Mumbai and Pune | Real Estate Opportunities | Adventure Sports Destination | Rich Cultural Heritage | Abundant Natural Beauty
You're sure to adore
Karjat's natural beauty combined with its adventure sports offerings like trekking, river rafting and rock climbing make it an irresistible destination. Its potential as a real estate investment hub adds to its charm for both residents and investors.
The Market
The real estate market in Karjat is booming with several residential and commercial projects. Prices range from INR 2,000 to 5,000 per sq.ft depending on the location and type of property.
Connectivity
Airport
The nearest airport to Karjat is the Chhatrapati Shivaji Maharaj International Airport in Mumbai, about 70 km away.
Bus
Karjat is well-connected by state-run MSRTC buses that run frequently from Mumbai, Pune, and other neighboring cities.
Train
Karjat Railway Station is a significant junction on the Central line of the Mumbai Suburban Railway network.
Road
The Mumbai-Pune Expressway, NH 4, is the major highway connecting Karjat with other significant cities.
Social Infrastructure
Educational Institutions
Notable institutions include Dhirubhai Ambani School and AISSMS College of Engineering. Hospitals like the Sanjeevani Hospital and Asha Hospital provide medical services.
Hospitals
Prominent hospitals in Karjat include the Dhirubhai Ambani Hospital and Anand Hospital.
Crime Rate
Karjat has a relatively low crime rate, making it a safe place for both residents and tourists.
Geography
Soil
The soil in Karjat is typically lateritic, ideal for the cultivation of paddy and vegetables.
Topography
Karjat is characterized by flat plains interspersed with hilly terrains and valleys.
Altitude
Karjat is situated at an altitude of approximately 194 meters above sea level.
Flora & Fauna
The region has a diverse flora and fauna with species like leopards, monkeys, and birds, and plants like mango, jackfruit, and teak.
Climate
Season at a Glance
Karjat experiences a tropical climate with summers (March to June), monsoons (June to September), and winters (October to February).
Rainfall
Karjat receives heavy rainfall averaging around 2000-2500 mm annually.
Temperature
The temperature in Karjat typically ranges between 17°C to 33°C throughout the year.
Real Estate Trends
Rental Yield
Rental yields in Karjat range from 2-3% annually.
Capital Appreciation
The capital appreciation in Karjat's real estate market is witnessing a growth rate of around 10% annually.
Average Price per sq.ft
The average price per sq.ft in Karjat is around INR 3,500.
Demand & Supply Dynamics
There's a high demand for residential properties in Karjat due to its strategic location, leading to a balanced demand-supply dynamic.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 300 Airbnb listings in Karjat, including apartments, villas and farmhouses.
Revenue Potential
The revenue potential in Karjat is high due to its popularity as a weekend getaway and the growing demand for holiday homes.
Occupancy Rate
The occupancy rate of rental properties in Karjat is approximately 60-70%.
ADR
The average daily rate (ADR) for Airbnb listings in Karjat is around INR 5,000.
RevPar
The revenue per available room (RevPAR) in Karjat is approximately INR 3,500.
Investment Guide
Consider properties near tourist spots for better rental income. 2. Investing in farmland can yield good returns due to the fertile soil. | Keep an eye on upcoming infrastructure projects, as they can boost property prices.
Places to Visit
57.1 km | A lush green valley perfect for nature walks, photography, and enjoying the tranquility of nature with its picturesque landscapes.
18 km | A historic fort that offers adventurous treks and panoramic views of the surrounding valleys and mountains
36.1 km | Historic Buddhist caves with rock-cut sculptures, offering a peaceful and culturally rich destination for explorers and history enthusiasts.
57.1 km | A lush green valley perfect for nature walks, photography, and enjoying the tranquility of nature with its picturesque landscapes.