Why Non-Agricultural Land Investments Are Soaring in Karjat
As the Mumbai metropolitan area witnesses a surge in non-agricultural land investments, Karjat emerges as a sought-after destination for investors seeking lucrative opportunities.
KarjatNon Agricultural Land InvestmentsMumbaiReal EstateKalpataru AriaReal Estate MumbaiJul 18, 2024
Rapid urbanization and the country's ambitious infrastructure development projects have created a demand for plots zoned for non-agricultural purposes in prime locations with the potential for future development. This shift is also fueled by the belief that such plots offer long-term capital appreciation and attractive rental yields. Moreover, non-agricultural plots can also act as a hedge against inflation and offer tax advantages, enhancing the overall return on investment.
The prices of residential plots have demonstrated an impressive annual growth rate of 7% (CAGR) since 2015, outperforming apartments, which have seen a modest 2% increase. This significant price appreciation highlights the lucrative potential of land investments, making it an attractive choice for those seeking substantial returns on their investment.
Karjat, nestled in the enchanting Western Ghats, has emerged as a prominent destination for those looking to invest in plots. The primary driver behind this trend is the growing need for building holiday homes, and with Karjat's serene surroundings, improved infrastructure, and rising popularity, there's enough reason why it is a sought-after destination for holiday home seekers.
Surrounded by the majestic Sahyadri mountain range, a UNESCO Heritage Site and one of the key 34 global biodiversity hotspots, Karjat offers a simpler, qualitatively richer life that people living in the city have always longed for. It offers a plethora of outdoor activities, including hiking trails, forts, caves, dams, rivers, and waterfalls.
Further, Karjat also falls under the green protected zone where rampant construction is disallowed. This protective measure prevents overcrowding, maintains unobstructed views, and keeps pollution levels in check. Investors seeking plots to build homes away from the crowd can benefit from it as it ensures the preservation of the region's natural beauty and safeguards their investment from potential overdevelopment in the future.
Its convenient accessibility, particularly for residents of Mumbai, is another significant add-on for plot investors in Karjat. With a mere 90-minute drive from the bustling city, Karjat offers a tranquil retreat away from the urban chaos. Moreover, with the opening of Atal Bihari Vajpayee Sewri–Nhava Sheva Atal Setu, Mumbai (Sewri) to Navi Mumbai (Nhava Sheva) the travel time has further reduced from 40 minutes to mere 20 minutes, making it a quick and easy getaway for Mumbaikars.
Karjat also has a slew of promising infrastructure development projects coming up in the days ahead. The Navi Mumbai International Airport, an eagerly anticipated project, is expected to be operational by the end of 2024. Other noteworthy projects in Karjat’s vicinity are NAINA (Navi Mumbai Airport Influence Notified Area) and Jio University
For potential investors looking to build their dream holiday home in Karjat, the options are plenty. However, when it comes to land, trust becomes a big factor. Thus, it is important to choose the right developer to maintain transparency in dealings. In this regard, Kalpataru’s first foray into gated plotted development, Kalpataru Aria emerges as a top choice.
Located at the foothills of the Kalote-Mokashi range, amid the majestic Sahyadris, Kalpataru Aria is currently one of the most favored spots for those looking to build a holiday home at Karjat. This 80+ acre gated community is capturing the attention of investors with its harmonious blend of serenity, modernity, and promising returns.
Frequently Asked Questions
Why are non-agricultural plots gaining popularity?
Non-agricultural plots offer long-term capital appreciation, attractive rental yields, and tax advantages, making them an attractive choice for investors.
What makes Karjat a sought-after destination for land investments?
Karjat's serene surroundings, improved infrastructure, and rising popularity make it an attractive destination for holiday home seekers.
What is Kalpataru Aria?
Kalpataru Aria is an 80+ acre gated community located at the foothills of the Kalote-Mokashi range, offering a harmonious blend of serenity, modernity, and promising returns.
What are the benefits of investing in non-agricultural land in Karjat?
Investing in non-agricultural land in Karjat offers long-term capital appreciation, attractive rental yields, tax advantages, and a tranquil retreat away from the urban chaos.
Why is trust a big factor in land investments?
Trust is essential in land investments as it ensures transparency in dealings and safeguards the investor's investment from potential overdevelopment in the future.
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