Overview of Sherewad, Hubballi-Dharwad

Although the specific locality of Sherewad is not spelled out in the resources given, we can derive guesses based on the larger context of Hubballi-Dharwad, which could be pertinent for potential tenants or buyers.

Property Prices and Trends

• The Hubballi-Dharwad real estate market is influenced by several factors, including local Smart City efforts. In the urban assembly of Hubballi-Dharwad, properties in Hubli average Rs. 5,113 per square foot with prices ranging from Rs. 2,333 to Rs. 9,166 per square foot.

Influence of Smart City Projects

• The improvement of places like Tolankere Lake and the Green Mobility Corridor has significantly affected home prices. Closeby suburbs, such as Vidhya Nagar, Shirur Park, and Laxmi Narayan Nagar, have witnessed property prices nearly double in the past couple years, rising from around Rs. 2,000-2,200 per square foot to Rs. 3,800-4,200 per square foot.

Amenities and Infrastructure

• The efforts of the Smart City have upgraded the area's setup, including walkways, biking lanes, parks, and smart roads. Such amenities make the place more appealing for both new residents and real estate investors.

Rental Market

• Rental rates for houses and apartments in Dharwad and neighboring regions change depending on position, size, and features. Usually, renting properties start at around Rs. 1,700 per month, accommodating a variety of choices in various regions.

Localities and Price Alternatives

• Here are some average prices for different locations in Hubli:
  • Navanagar: Rs. 4,109 per square foot
  • Gokul: Rs. 9,166 per square foot
  • Chalukya Nagar: Rs. 3,700 per square foot
  • Kalyan Nagar: Rs. 4,600 per square foot
  • Keshwapur: Rs. 3,888 - Rs. 8,076 per square foot.

PropertyWala's Takeaways

Buying or renting property in the Hubballi-Dharwad area, such as the Sherewad spot, it's important to factor in ongoing Smart City initiatives and their impact on property prices and infrastructure. The zone is experiencing notable progress, which is increasing real estate values and making it a desirable choice for both investors and occupants. Nonetheless, extensive investigation and visiting the actual area are vital to get direct insight into the current market dynamics and available facilities. This aids in making a choice in line with your budget and likes.