Location and Accessibility

• Jowan is likely included in the broader area of the famed hill station, Lonavala in Maharashtra, even without explicit mention in sources.
• Situated 100 km from Mumbai and 60 km from Pune, Lonavala is ideally accessible by road, rail, and bus.

Property Types and Prices

• Lonavala offers various property options like villas, farmhouses, bungalows, and serviced apartments.
• Villas here can cost anywhere between ₹2 crore to ₹3 crore for 3-4 BHK units, with per square foot prices up to ₹15,000.
• For Tungarli particularly, properties range widely from ₹27.6 lacs to ₹11.83 crores. A 3 BHK villa might cost around ₹1.37 crore to ₹1.50 crore, while a 4 BHK villa can be between ₹1.60 crore to ₹4.05 crore.

Market Trends

• Lonavala serves mainly as a second home spot, yet it’s also gaining traction among those opting for permanent residence.
• Main requirements seen here are high-speed Internet, housekeeping, and nearby medical services.
• Deals peak during the monsoon and winter seasons, with closures most frequent from April to June.

Amenities and Lifestyle

• Properties encompass luxurious amenities like private pools, landscaped gardens, clubhouses, spas, high-tech gyms, and swimming pools.
• The area is surrounded by lush valleys and waterfalls, providing scenic views and a range of recreational activities including hiking at Lohagad Fort and Visapur Killa, and leisure at Della Adventure Park and Wet and Joy Water Park.

Rental Market

• Rental options span 1 BHK to 2 BHK flats, available monthly from ₹10,000 to ₹30,000.
• Renters often enjoy extras like covered parking, washing machines, and proximity to local landmarks.

Investment and ROI

• Lonavala is regarded as a smart investment with good potential for capital growth and rental yields of 10% -15%.
• It benefits from enhanced affordability due to growing incomes and falling loan rates, alongside tax benefits for home loans.

PropertyWala’s Conclusion

We can see that Jowan or the broader Lonavala area is fantastic for both buying and renting properties. The locality boasts a mix of natural beauty, modern conveniences, and easy accessibility, ideal for second homes or permanent living. But remember, a thorough research and consultation with local real estate experts is crucial to find a property that fits your budget and expectations.