Varsoli
A serene coastal town in Maharashtra, Varsoli is known for its pristine beach, lush greenery, and historical significance.
About the location
Overview
Varsoli is a small village situated on the outskirts of Alibaug in the Raigad district of Maharashtra. Historically, it was a naval base during the reign of the Maratha warrior, Shivaji Maharaj. Now, it's a beloved retreat for beach lovers, offering a tranquil environment away from city life.
The Lifestyle
Varsoli is home to a close-knit community of locals, mainly engaged in fishing and farming. The lifestyle here is laid-back and influenced by the coastal environment. The village is known for its traditional Konkani culture, with festivals like Narali Purnima and Ganesh Chaturthi celebrated with great enthusiasm.
Attributes
Serene beach village | Rich cultural history | Close-knit community | Proximity to Alibaug | Agricultural and fishing economy
You're sure to adore
Varsoli's serene beaches, clean environment, and proximity to Mumbai.
The Market
The real estate market in Varsoli is growing, particularly in the residential sector. Prices for properties range from INR 40 lakhs to INR 2 crores, depending on the location and amenities. The market is expected to see a steady growth, driven by the area's growing popularity as a vacation spot.
Connectivity
Airport
The nearest airport is Chhatrapati Shivaji Maharaj International Airport in Mumbai, approximately 108 km away.
Bus
Varsoli is well connected through the Maharashtra State Road Transport Corporation (MSRTC) buses.
Train
The nearest railway station is Alibaug, located around 3km away from Varsoli.
Road
The Mumbai-Goa NH 66 highway is the major road connecting Varsoli.
Social Infrastructure
Educational Institutions
Prominent educational institutions in Varsoli include Zilla Parishad Primary School. Nearby Alibaug houses many more schools and colleges. For healthcare, there's the Government Hospital in Alibaug.
Hospitals
Some nearby hospitals include Civil Hospital Alibaug and Mahesh Hospital.
Crime Rate
The crime rate in Varsoli is low, with the area being relatively safe for tourists and residents alike.
Geography
Soil
The soil is mainly lateritic, ideal for plantation of coconuts and betel nuts.
Topography
The area is coastal with flat terrain, surrounded by the Arabian Sea on one side and lush greenery on the other.
Altitude
The region is at sea level.
Flora & Fauna
The region is rich in coastal and tropical flora and fauna, including coconut trees, mango groves, and various bird species.
Climate
Season at a Glance
Winter (November to February) is the best time to visit, with cool and pleasant weather.
Rainfall
The region receives heavy rainfall during the monsoon season (June to September).
Temperature
The temperature ranges from 16°C in winter to 33°C in summer.
Real Estate Trends
Rental Yield
The rental yield is approximately 3-5% per annum.
Capital Appreciation
The area has seen a steady capital appreciation of 7-10% over the last few years.
Average Price per sq.ft
The average price per sq.ft is around INR 4,000.
Demand & Supply Dynamics
There is a high demand for residential and vacation properties, with a steady supply of new developments.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 150 Airbnb listings in Varsoli, mostly beachfront villas and cottages.
Revenue Potential
With the growing popularity of Varsoli as a vacation spot, there is high revenue potential for vacation rentals.
Occupancy Rate
The average occupancy rate is approximately 60-70%, with peak occupancy during the winter and summer vacations.
ADR
The average daily rate (ADR) for a vacation rental is around INR 5,000.
RevPar
The revenue per available room (RevPAR) is approximately INR 3,500.
Investment Guide
1. Invest in beachfront properties for better returns.
2. Focus on properties that can be listed as vacation rentals.
3. Consider the long-term growth potential of the area due to its increasing popularity among tourists.
Places to Visit
14 km I A scenic hilltop Shiva temple reached by a steep climb, offering panoramic views and spiritual calm.
6.5 I A popular coastal getaway offering views of the historic Kolaba Fort and stunning sunsets.
2 km I A peaceful backwater escape, ideal for boating and surrounded by lush greenery.
14 km I A scenic hilltop Shiva temple reached by a steep climb, offering panoramic views and spiritual calm.