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Shirdi, Maharashtra Property Guide

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    Pragati 18 days ago
  • Union Budget 2025: Key Takeaways and Impact on Real Estate
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    The Union Budget 2025 focuses on economic resilience, tax reforms, and infrastructure development, significantly impacting India's real estate sector through various incentives and policy changes.
    Saurabh Gupta Feb 25
  • How India’s Tier 2 cities are growing in response to global real estate trends
    How India’s Tier 2 cities are growing in response to global real estate trends
    India’s Tier 2 cities are emerging as prime real estate destinations, driven by smart initiatives, sustainable practices, luxury developments, and improved connectivity.
    supriya Jul 31, 2024
  • Real estate hotspots: Among the holy places with rapid development are  Ayodhya, Varanasi, and Puri.
    Real estate hotspots: Among the holy places with rapid development are Ayodhya, Varanasi, and Puri.
    India's real estate is set for a boom, with 17 cities, including spiritual hubs, poised for growth. Government policies, infrastructure, and tourism are key drivers, attracting significant investment and transforming smaller cities into dynamic economic contributors.
    supriya Jul 9, 2024
  • 5  Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
    5 Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
    India's retail landscape is shifting, with Grade A malls thriving while Grade C malls face high vacancy rates. Many struggling malls are being repurposed due to evolving consumer preferences and the rise of e-commerce.
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  • Get Returns From Real Estate Without Buying Property: Understanding  REIT Investment In India
    Get Returns From Real Estate Without Buying Property: Understanding REIT Investment In India
    REITs in India offer investors a way to access the real estate market without direct property ownership. They distribute significant earnings as dividends, making them attractive to income-seeking investors. Learn how REITs work, how to invest, and key players in the Indian market.
    supriya
  • Is it possible to sell real estate without co-owner approval?
    Is it possible to sell real estate without co-owner approval?
    Selling jointly owned property in India requires the consent of all co-owners. Legal action can be taken if a co-owner sells without consent. This article explores the legal aspects of selling jointly owned property and the differences between co-ownership and joint ownership.
    supriya
  • What do you mean by FERA?
    What do you mean by FERA?
    FERA, enacted in 1973, regulated foreign exchange dealings in India. Replaced by FEMA in 2000, which focuses on managing foreign exchange while promoting trade and investments. Key differences include property acquisition criteria, shifting from citizenship under FERA to residency under FEMA.
    deepshikha

Shirdi, Maharashtra Real Estate News

  • What occurs in India if property taxes are not paid for ten years?
    What occurs in India if property taxes are not paid for ten years?
    Non-payment of property taxes for ten years can lead to severe penalties, legal action, and even foreclosure in India. It's crucial for property owners to understand the implications and address any arrears immediately.
    supriya Jul 30, 2024
  • Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers
    Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers
    Jaipur is emerging as a luxury real estate hotspot. Akshat Developers' Sawai project epitomizes this trend, offering opulent villas and apartments amidst landscaped gardens and modern amenities.
    supriya Jul 10, 2024
  • CBRE decodes real estate through the spiritual tourism lens
    CBRE decodes real estate through the spiritual tourism lens
    A new report reveals how retail chains are capitalizing on rising spiritual tourism in 14 Indian cities, highlighting trends and growth opportunities in the sector.
    supriya
  • According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
    According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
    In Q1CY24, Grade A office space demand in India surged, driven by key cities. CEDAI predicts demand will hit 70 MSF by 2024, supported by economic growth.
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  • India’s Commercial Real Estate Is On Track For Successful Growth This Year
    India’s Commercial Real Estate Is On Track For Successful Growth This Year
    India's commercial real estate market is poised for growth, bolstered by demand for office spaces and increasing interest from NRIs, promising lucrative investment opportunities.
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  • Shops, homes, and faith: places of worship ready for a surge in visitors
    Shops, homes, and faith: places of worship ready for a surge in visitors
    Retail boom in India impacts religious tourism. Tourists seek experiences beyond customary activities, driving growth in cities like Ayodhya and Varanasi.
    supriya
  • DLF is one of the real estate companies on the list of the fifteen most valuable companies in India
    DLF is one of the real estate companies on the list of the fifteen most valuable companies in India
    DLF, Macrotech, and Godrej Properties are highlighted as top real estate firms in a recent Burgundy Private Hurun India report. The sector shows promising growth prospects.
    supriya
  • How can a registered mortgage help the borrower as well as the lender?
    How can a registered mortgage help the borrower as well as the lender?
    This article explains the process of registered mortgages in India, detailing application steps, benefits, and how to remove registrations effectively.
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Shirdi, Maharashtra Real Estate

Overview of Shirdi's Real Estate Scene

Location and Significance

Shirdi, situated in the Ahmednagar district of Maharashtra, India, stands as a famous spiritual destination. It's primarily recognized for the Sai Baba temple here. This religious importance draws in various buyers and renters, including devotees, retirees, and people looking for weekend retreats.

Property Prices and Trends
  • Average Price: Properties in Shirdi generally cost around Rs. 4,766 per square foot.
  • Price Range: There are properties in Shirdi starting from Rs. 650 to reaching Rs. 10,571 per square foot.
  • We see a notable 34.76% rise in property rates over the past year, despite some changes.
Available Properties
  • Residential Options: This includes apartments, independent houses, and villas. For example, you might find 1 BHK flats priced from Rs. 16 lac to Rs. 35 lac, and luxurious 3 BHK flats going for around Rs. 2 crore.
  • Commercial Options: These include office spaces, shops, showrooms, and commercial lands.
Demand and Market Movements
  • Spiritual Appeal: Many find Shirdi appealing because of its spiritual significance, which makes it a good spot for second homes, retirement homes, and weekend getaways.
  • Rental Demand: Rental apartments, especially service apartments, see steady demand from both tourists and long-term tenants.
  • Infrastructural Growth: Recent infrastructural changes have increased its attractiveness for weekend visits, boosting property demand.
Investment Opportunities
  • Long-Term Growth: Properties in Shirdi are a good long-term investment, showing a consistent 15-20% annual rise in demand over recent years.
  • Rental Earnings: Properties can generate income from long-term tenancies or short-term rentals catering to tourists.
Buyers and Renters Should Take These into Account
  • Budget: Prices vary widely. Buyers can find options starting as little as Rs. 5 lac or extending up to multiple crores.
  • Locality: Popular areas include Sai Nagar, Shirdi Nagar Panchayat, and Pimpalwadi Road. Each place has amenities and attractions of its own.
  • Amenities: Check for nearby amenities like proximity to the temple, local markets, and essential services when choosing a property.
PropertyWala's Final Thoughts

Shirdi's real estate appeals because of its spiritual allure and developing infrastructure. If you're buying for personal use or as an investment, Shirdi presents compelling opportunities with stable demand and potential for long-term appreciation. When making decisions, focus on price trends, property types, and local areas. With a solid choice, Shirdi can offer both a peaceful lifestyle and financial gains.

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