Lonavala
Lonavala is a serene hill station renowned for its lush green landscapes, stunning waterfalls, and ancient caves.
About the location
Overview
The real estate market in Lonavala is thriving, with properties ranging from affordable apartments to luxury villas. The average property price is around INR 5,500 per sqft. The market has seen significant growth in recent years due to increased tourism and demand for second homes.
The Lifestyle
Lonavala offers a laid-back lifestyle away from the hustle and bustle of the city. The community is diverse, with a mix of locals and tourists, contributing to a vibrant cultural scene. Residents enjoy access to various outdoor activities, local festivals, and a wide range of culinary delights.
Attributes
Lush Greenery | Historical Landmarks | Pleasant Climate | Adventure Activities | Accessible Location
You're sure to adore
Lonavala’s misty mornings, lush green valleys, and the refreshing scent of rain-soaked earth. Its charming hillscape and weekend retreat vibe make it a perfect escape from city life.
The Market
Lonavala Market is famous for Chikki, a traditional Indian sweet. Besides, it offers various street food options, handicrafts, and souvenirs.
Connectivity
Airport
The nearest airport to Lonavala is Pune International Airport, located about 70 km away.
Bus
Lonavala is well-connected by bus services from major cities like Mumbai and Pune. The main bus stand is Maharashtra State Road Transport Corporation (MSRTC) Bus Stand.
Train
Lonavala Railway Station is a major stop on the Mumbai-Pune railway line with regular trains from various parts of the country.
Road
Lonavala is located along the Mumbai-Pune Expressway, one of India's busiest highways.
Social Infrastructure
Educational Institutions
Prominent educational institutions include the Ryewood International School and the Sinhgad Technical Education Society. Major hospitals include the Lonavala Municipal General Hospital and the D.Y. Patil Hospital.
Hospitals
Notable hospitals in Lonavala include Lonavala Municipal Hospital and D.Y. Patil Hospital.
Crime Rate
Lonavala has a relatively low crime rate, making it a safe location for residents and tourists alike.
Geography
Soil
The soil in Lonavala is laterite, rich in nutrients suitable for vegetation.
Topography
Lonavala is situated in the Sahyadri ranges and surrounded by hills, valleys, and waterfalls.
Altitude
Lonavala is located at an altitude of 624 meters above sea level.
Flora & Fauna
Lonavala is rich in biodiversity with a variety of birds, animals and plant species. It is particularly known for its peacocks and monkeys.
Climate
Season at a Glance
Lonavala experiences a tropical climate with winters (November-February), summers (March-May), and monsoon (June-October).
Rainfall
The average annual rainfall in Lonavala is approximately 4000 mm.
Temperature
The temperature in Lonavala ranges from 12°C in winter to 36°C in summer.
Real Estate Trends
Rental Yield
The average rental yield in Lonavala is about 3-4% per annum.
Capital Appreciation
The capital appreciation in Lonavala real estate has been around 6-8% annually in the last few years.
Average Price per sq.ft
The average price per square foot for residential property in Lonavala is around INR 6000.
Demand & Supply Dynamics
There is a steady demand for residential and vacation homes in Lonavala, with supply mostly meeting the demand.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 300 Airbnb listings in Lonavala, ranging from private rooms to entire villas.
Revenue Potential
The average revenue potential for Airbnb hosts in Lonavala is around INR 2000-3000 per night.
Occupancy Rate
The average occupancy rate for Airbnb listings in Lonavala is around 60-70%.
ADR
The average daily rate (ADR) for Airbnb listings in Lonavala is around INR 3000.
RevPar
The revenue per available room (RevPAR) in Lonavala is approximately INR 2000.
Investment Guide
1. Investing in holiday homes can yield lucrative returns due to high tourist influx.
2. Properties near tourist spots are likely to appreciate faster.
3. Consider investing in gated communities for better amenities and security.
Places to Visit
14.1 km | A cliff-top viewpoint offering stunning views
11.8 km | Ancient Buddhist rock-cut caves
5.1 km | A serene lake, perfect for boating and relaxation It is a popular destination for nature enthusiasts and travelers seeking serenity
14.1 km | A cliff-top viewpoint offering stunning views