Overview of Kumhari, Durg

Kumhari, situated in the Durg district of Chhattisgarh, is rapidly growing as a real estate market. It offers both residential and commercial options. Let's get into the details of what this locality has to offer from a real estate standpoint:

Property Prices

• Starting Price: You can find properties in Kumhari starting at Rs. 331 per sqft.
• Average Price: The average price is around Rs. 2,814 per sqft.
• Price Range: Prices range from Rs. 2,390 to Rs. 3,333 per sqft.

Types of Properties

• Residential Plots: Here, 9400 sq.ft plots are available on average for Rs. 375 per sqft.
• Apartments and Flats: You get options like 1 BHK, 2 BHK, and 3 BHK flats. These range from 455 sq.ft to 1100 sq.ft.
• Independent Houses and Villas: There are houses and villas which cater to different family sizes and preferences.

Rental Market

• Starting Rent: The minimum rent for properties here begins at Rs. 2,000 per month.
• Types of Rental Properties: There are houses, apartments, and builder floors. Properties come in furnished, semi-furnished, and unfurnished varieties.
• Budget Range: Rentals fall under categories such as under ₹50,000, ₹ 1 lakh, ₹ 2 lakhs, etc.

Amenities and Infrastructure

• Educational Institutions: Look for Vidya Jyoti Eng. Med. Hr. Sec. School nearby.
• Healthcare Facilities: Krishna Hospital is just around the corner.
• Other Amenities: The area probably has local markets and transportation links. Essential amenities might be present, but specifics can vary.

Price Trends and Market Insights

• Year-over-Year Growth: Last year saw a 28.73% drop in property rates, making it a buyer-friendly market.
• Market Recommendations: Considering price trends, buying or selling properties in Kumhari could be profitable because of how the market is developing.

Pros and Cons

Pros

• Affordable Pricing: Starting prices here are lower compared to other urban areas.
• Variety of Options: There are different property types and configurations to choose from.
• Infrastructure: You can find essential amenities like schools and hospitals.

Cons

• Market Volatility: There's a recent drop in property rates, which might affect resale values.
• Location: Although it has local amenities, it may not be as central as major metropolitan areas.

PropertyWala's Conclusion

Kumhari, Durg offers an attractive option for both buyers and renters seeking affordable and diverse real estate opportunities. Despite the recent prices dip, the area’s infrastructure and amenities make it a feasible choice for those looking for residential properties. It’s important to check market trends and evaluate personal needs before deciding. With good insights, investing in Kumhari could be a promising decision for both individuals and investors.