Overview of Murud, Raigad

Location and Connectivity

• Murud is a coastal town found in the Raigad district of Maharashtra. It's about 165 km away from Mumbai and can be reached by road and ferry service.
• Infrastructure projects like the Mumbai-Trans Harbour Link, the Virar-Alibaug multi-modal corridor, and the new airport at Navi Mumbai enhance regional connectivity.

Property Prices and Trends

• The typical property cost in Murud per square foot is Rs. 2,635. However, you might find properties starting at Rs. 500 per square foot and up, depending on the type and location.
• Lately, we’ve seen property prices fall significantly; notably a 41.13% drop, pointing to a buyer-friendly market now.

Types of Properties Available

• Residential Plots: Most properties in Murud are large residential plots. They range in price from ₹45 Lac to ₹1 Cr.
• Villas and Independent Houses: Popular as second homes or holiday places, you'll find 4-5 BHK villas with features like private pools and air-conditioned bedrooms.
• Multistorey Apartments: Developers like Godrej Properties and Haware Group are bringing new multistorey apartments and residential plots.

Amenities and Infrastructure

• Schools, Hospitals, and Markets: Murud boasts good schools, hospitals, and markets, catering nicely to residents.
• Banking and ATM Facilities: Banks and ATMs are easily accessible here.
• Tourist Attractions: Visitors can enjoy the legendary Janjira Fort and the pleasant climate all year round, making Murud a hot tourist spot.

Real Estate Growth and Investment Potential

• Raigad's rapid urbanization and industrialization, including Murud, have been fueled by huge infrastructure investments, translating to high real estate growth. Over six years, the asset's value has generally risen by 21-35%, outstripping nearby spots like Thane, Navi Mumbai, and Mumbai.
• Consider investing in Murud's real estate, with promising growth due to better connectivity and growing infrastructure.

Livability and Environment

• Murud is known for its stunning natural environment, convenient access to the shore, and a consistently pleasant climate.
• The area ratings for environment, neighborhood, and cleanliness are high, making it a much-coveted living location.

PropertyWala’s Closing Thoughts

Murud in Raigad is an excellent prospect for buyers and renters alike when it comes to real estate investment. Its affordable prices, improving infrastructure, and varied residential and tourist options provide a healthy mix of livability and investment potential. The recent market price drops and Murud's strong growth make it a perfect time to buy. Whether you seek a main residence, a vacation home, or an investment chance, Murud in Raigad is a strong contender.