Overview of Tikona, Lonavala

Location and Accessibility

In the vicinity of Lonavala lies Tikona, a picturesque spot. It stands a mere 15 km away from Lonavala, 10 km from Lohgad Fort, and a 20 km drive from Tung Fort. Being next to the Mumbai-Pune Expressway makes Tikona quite convenient for travelers heading from cities like Mumbai or Pune.

Property Types and Prices

Different property options are there in Tikona and its nearby areas such as Lonavala:

• Villas and Bungalows: These homes, often picked for a second residence, range from 3 to 4 BHK, with prices reaching up to ₹15,000 per sq ft. You’ll find villas starting between ₹2 crore and ₹3 crore.
• Residential Plots: Projects like Tikona Srushti feature plots ranging from 11,000 sq ft to 1 acre. Starting prices for these plots are around Rs. 55 Lakh.
• Apartments and Serviced Apartments: Although less frequent in Tikona, they exist in nearby regions like Lonavala, offering solutions for diverse budgets.

Amenities and Features

Regarding property features in Tikona and Lonavala:

• World-class Amenities: Villas might offer pools, gazebos, BBQ areas, high-speed Internet, housekeeping, and close-by health facilities.
• Gated Community: Areas like Tikona Srushti provide gated security, gardens, clubhouses, and children’s play areas.
• Natural Beauty: The location enjoys scenic lake views and mountain vistas, perfect for those wanting a serene escape.

Real Estate Trends

• Second Home Market: Lonavala, including Tikona, mainly attracts second-home buyers but also an increasing number of first-home seekers. Around 20-30% are intent on permanent relocation.
• Investment Potential: The real estate in Lonavala is encouraging. Average prices run around ₹11,277 per sq ft, with a yearly growth of 6.17%. A profitable situation for buying and selling.
• Rental Yield: With rental rates falling between 10%-15%, Lonavala is a fine choice for investors.

Target Audience

The property market in Tikona and Lonavala draws a varied crowd:

• NRIs and Locals: Non-Resident Indians (NRIs) and locals from Mumbai, Pune, and Gujarat put down their properties here.
• Creative Industry and Retirees: Many individuals working in the creative field, as well as retirees and soon-to-retire people, are drawn to the area.

PropertyWala's Conclusion

Choosing Tikona near Lonavala is appealing for property buyers or renters, thanks to its scenic environment, excellent access, and prosperous real estate scene. The diversity in property types, along with top-notch amenities and strong market trends, makes it worthwhile. Whether it's for a luxury villa, a residential plot, or investing, the real estate in Tikona has a promising future.