Kolad, Raigad (Not Mumbai)

Kolad, located in Maharashtra's Raigad district, stands out as a rising real estate hotspot blending natural beauty with urban conveniences. This detailed look is meant for those eyeing property investments or rentals in this area.

Property Costs

• Kolad’s typical property price: roughly Rs. 2,816 per square foot.
• Prices cover a range from Rs. 2,718 to Rs. 2,866 per square foot.
• An exceptional case: starting at Rs. 100 per square foot, though it’s an outlier.

Choices in Properties

• Your options here: apartments, villas, and standalone houses.
• Note: Meghna City projects deliver ready-to-move-in 1 BHK and 2 BHK flats since December 2022.

Trend in Costs

• Looking back a year, properties experienced a 23.3% drop. Good news for buyers.

Hot Projects

• Meghna City: Offering 1 BHK and 2 BHK flats starting at Rs. 14.78 lakhs. Designed well, located in a gated community.

Rental Scene

• Choices: 1 RK, 1 BHK, 2 BHK, and 3 BHK apartments.
• Let’s break down the rental prices in nearby areas like Roha, Mahad, and Pen:
  • Roha: Rent averages around Rs. 6,125, up by 53.13% over the past year.
  • Mahad: Rent hovers around Rs. 6,100 but has dropped by 33.45% last year.
  • Pen: Rent is near Rs. 20,800 yet has risen by 20% annually.

Amenities and Facilities

• Kolad is celebrated for its scenic waterfalls and hilly landscapes, appealing to those desiring tranquility.
• Modern amenities keep improving here, including those in Meghna City projects.

Investment Worth

• Considering the cost trends, Kolad offers promising returns for both buying and selling.

PropertyWala's Summary

Kolad, Raigad, merges affordability with natural charms, making it a top pick for investors and potential residents. While property values saw a recent slide, continued development and amenities hint at bright times ahead. Those planning to invest or rent should keep an eye on market trends and select projects matching their budget and requirements.