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Aurangabad, Maharashtra Real Estate

Aurangabad Real Estate Market Summary

Property Cost
  • Starting at Rs. 1,555 per square foot, properties in Aurangabad often reach up to Rs. 7,826 per square foot. The average price hovers at Rs. 4,912 per square foot.
Localities and Trends
  • Key areas and their property values per square foot:
    • Shahnoorwadi: ₹5,090 (Rs. 3,478 - Rs. 6,666)
    • Waluj: ₹4,286 (Rs. 3,129 - Rs. 5,642)
    • Satara Parisar: ₹4,105 (Rs. 2,938 - Rs. 5,200)
    • MIDC: ₹5,739 (Rs. 5,500 - Rs. 6,071)
    • Garkheda: ₹4,889 (Rs. 4,479 - Rs. 5,000)
    • Paithan Road, witnessing 16.7% price growth over the past three years.
Rental Income
  • If renting is your goal, here are prime spots:
Influences on Property Rates
  • Property prices in Aurangabad are shaped by:
    • Distance from amenities
    • Infrastructure advancements
    • Supply and demand
    • Economic growth
    • Real estate trends.
Economic Growth
  • Aurangabad is seeing swift growth, especially after becoming a part of the Smart Cities Mission. It stands out as a major hub for education, culture, and industry in Maharashtra.
  • Industries, like IT and manufacturing, are evolving here. Videocon, among others, has set up manufacturing here.
  • The rise in textile, manufacturing, and IT jobs is attracting more folks to this city.
Commercial Real Estate Hotspots
  • Notable areas for business real estate investments:
    • Waluj: An industrial hub with Bajaj Auto and Siemens. Cost is around ₹2,151 per square foot.
    • Chikalthana: Features offices starting at ₹9,687 per square foot.
    • Shendra: Offers industrial land from ₹1,053 per square foot.

PropertyWala's Wrap-up

This city promises great potential for real estate. With its booming economy, new industries, and advancing infrastructure, Aurangabad offers attractive investment choices. From budget to luxury properties, you have varied options. Areas like Garkheda and Kanchanwadi offer solid rental yields. Altogether, Aurangabad's mix of industrial growth, new jobs, and the Smart Cities push make it a strong buy for real estate investors.