Somatane
Somatane is a serene village nestled in Maharashtra, known for its lush green landscapes, spiritual significance, and rapidly developing real estate sector.
About the location
Overview
The real estate market in Somatane is rapidly growing. The price ranges from INR 3000-5000 per square feet for residential properties. The area has witnessed substantial growth in the last few years due to its strategic location and the development of infrastructure.
The Lifestyle
The lifestyle in Somatane is a blend of rural simplicity and urban convenience. The local community is warm, welcoming, and majorly involved in farming. However, with the influx of real estate development, there's an increasing population of urban professionals seeking a peaceful life away from the city's hustle.
Attributes
Rural-Urban Blend | Proximity to Pune and Mumbai | Rapid Real Estate Development | Serene Environment | Spiritual Significance | Agricultural Economy
You're sure to adore
Somatane's charm lies in its peaceful ambiance, green landscapes, and the sense of community among the locals. The village is also home to the picturesque Someshwar Temple, a revered spiritual site that attracts devotees from nearby regions.
The Market
The real estate market in Somatane is developing rapidly, with a mix of residential and commercial properties. The market is driven by its proximity to the industrial areas of Chakan and Talegaon.
Connectivity
Airport
The nearest airport to Somatane is Pune International Airport, located about 36 kilometers away.
Bus
Somatane is well connected by road, with regular bus services from Pune and surrounding areas. The closest bus station is in Talegaon, about 7 km away.
Train
The nearest railway station is Talegaon Railway Station, located approximately 8 kilometers away.
Road
Somatane is located near the Mumbai-Pune Expressway, providing easy access to both cities.
Social Infrastructure
Educational Institutions
While there are several local schools in Somatane, prominent institutions like DY Patil College and Symbiosis University are within a drivable distance. For healthcare, the nearby city of Talegaon offers numerous hospitals and clinics.
Hospitals
There are a few healthcare facilities in and around Somatane, including the Lifeline Hospital and Ojas Multispeciality Hospital.
Crime Rate
Crime rates in Somatane are relatively low, indicative of its safe environment, largely owing to its rural setting and close-knit community structure.
Geography
Soil
The soil in Somatane is mainly lateritic, suitable for agriculture.
Topography
The topography of Somatane is characterized by flat plains and rolling hills.
Altitude
The average altitude of Somatane is about 622 meters above sea level.
Flora & Fauna
Somatane is rich in biodiversity, with a variety of flora including mango, bamboo, and teak, and fauna such as peacocks, monkeys, and various species of birds.
Climate
Season at a Glance
Somatane experiences a tropical monsoon climate, with summers from March to June, monsoons from June to September, and winters from November to February.
Rainfall
The average annual rainfall in Somatane is about 750 mm.
Temperature
The temperature in Somatane ranges from a minimum of 12°C in winter to a maximum of 38°C in summer.
Real Estate Trends
Rental Yield
The average rental yield in Somatane is approximately 3.5%.
Capital Appreciation
Real estate in Somatane has seen a capital appreciation of about 6% in the last year.
Average Price per sq.ft
The average price per square foot for properties in Somatane is around INR 5,000.
Demand & Supply Dynamics
There is a steady demand for residential properties in Somatane, with supply keeping pace thanks to several new projects in the pipeline.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are a few Airbnb listings in Somatane, mostly in the form of private rooms and entire homes.
Revenue Potential
The revenue potential for rental properties in Somatane is moderate, with an average monthly rent of INR 15,000 for a 2 BHK apartment.
Occupancy Rate
The average occupancy rate for rental properties in Somatane is about 75%.
ADR
The average daily rate for Airbnb listings in Somatane is around INR 1,500.
RevPar
The revenue per available room (RevPAR) in Somatane is approximately INR 1,125.
Investment Guide
1. Investing in residential plots can yield good returns due to rapid development.
2. Rental properties targeting professionals working in Pune could be a profitable venture.
3. Investing in agricultural land could also be considered, given Somatane's strong farming community.
Places to Visit
25 km I A peaceful lake offering boating and scenic views It is a popular destination for nature enthusiasts and travelers seeking serenity
30 km I Ancient rock-cut Buddhist caves offering a glimpse into history
5 km I A cricket stadium and sports hub
25 km I A peaceful lake offering boating and scenic views It is a popular destination for nature enthusiasts and travelers seeking serenity