Want to invest in Igatpuri? MMR Property Experts Survey: Sarvppratham is the preferred choice

Igatpuri, a hill station in the Nashik district, is brimming with infrastructure initiatives.

This region was ranked in the top 5 most sought after destinations in India for 2023 for hospitality brands. Further, a 2023 report by CBRE states that investments into the Indian hospitality sector is expected to exceed $2.3 Billion over the next 2-5 years. Among this trend the Igatpuri region has become a hotspot due to the under penetration of hospitality brands. Buying a second home early in its development cycle can prove to be a strategic investment.

Whether you're seeking a weekend home, a retirement home, or an investment opportunity, this new Lonavala has what you want. But picking the right project will impact your future returns. Here's a 9 point analysis according to a survey conducted among Mumbai’s real estate consultants, which pointed to Sarvppratham’s highway touch projects as their top pick of 2023:

1. Connectivity: Connectivity is key. Properties which are on wider roads appreciate faster and can command a premium of 200-500%. Look for rare highway-touch locations.

2. Access to Other destinations: Factor in access to places like Nashik city, which can offer additional advantages, such as access to urban amenities and tourist attractions.

3. Social Infrastructure: Check the ready availability of essential services like shops, markets, banks, medical facilities and food outlets in the vicinity.

4. Employment: A thriving job market in the neighborhood is a strong catalyst for real estate growth, ensuring sustained resale and rental value appreciation. Many multinational companies are setting up shop in Gonde. It is fast growing as a key area for logistics, engineering and warehousing.

5. Occupancy Rate: High occupancy rates not only suggest a successful and vibrant community but also ensure there is a strong resale value and rising rental demand. This is a good barometer of the success of a project.

6. Branded Developer: Research and opt for reliable brands with good quality construction and a track record of successfully delivering in the region. Brands with a regional focus can potentially yield a resale premium in the future. Also, consider affiliations with organizations like CREDAI as a sign of credibility.

7. Hassle Free: Avoid the hassle of constructing yourself in locations where you do not have resources. Mistakes can be expensive, and dealing with local norms and approvals issues might cause significant delays and headaches.

8. Residential Zone Property: Residential zone properties offer buyers the advantage of income tax exemption on capital gains upon reinvestment and offer much larger loan eligibility from all banks

9. Security and Safety of Investment: Look for organised gated communities with multi tier security. Land in unorganised communities is subject to encroachment.

Real estate experts and partners Apurva and Reena mentioned, “Investing with a developer with a core focus in the region, like Sarvppratham, is key. Developers like DLF, Lodha and Embassy, command premiums in their regions, due to their specialisation in a particular area.”

Further, Mr. Borade, a property group’s leader mentions, “Sarvppratham’s projects cater to the needs of customers today with a plan for tomorrow. Their projects look like Lonavala today but have all the ingredients to be like Hinjewadi in the future.”

Sarvppratham Developers is Igatpuri’s premier real estate developer and land consolidation company. Their ongoing projects include Anandvann Apartments and Palm Hills Villas. The company recently marked a significant milestone with over 350 bookings, celebrated at an event featuring actor Kishori Shahane. Their projects embody the 'second home today and first home tomorrow' concept. Additionally, they have highway plaza shops in the pre-launch phase, along with several other upcoming projects in their portfolio.

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