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Yavatmal, Maharashtra Property Guide
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Advertise property FREEYavatmal, Maharashtra Real Estate
Yavatmal Overview
Situated in Maharashtra, Yavatmal is a city that has evolved from a serene town to a vibrant urban hub. Let's dive into the real estate landscape in Yavatmal.
Property Prices and Trends
- Average Price per Sqft: Currently, the average cost of properties in Yavatmal is ₹5,134 per sqft, with an impressive year-over-year growth rate of 16.29%.
- Price Range: Yavatmal's property prices range from ₹2,727 per sqft to ₹8,823 per sqft.
- District-Level Prices: Across the district, properties typically sell for around ₹3,802 per sqft, starting as low as ₹293 per sqft and going as high as ₹9,302 per sqft.
Popular Localities
- Top Areas: Places like Wadgaon Road, Darda Nagar, Bangar Nagar, Chapman Wadi, and Lohara are sought-after spots for residential properties.
- Locality Rates: For instance, Mahagaon and Darwha in the district have distinct pricing, although specific rates for these areas specifically in Yavatmal city aren’t detailed here.
Infrastructure and Connectivity
- Road and Rail Connectivity: Yavatmal excels in road and rail connectivity, promoting the growth of textile and cotton industries.
- Industrial Development: Looking ahead, a proposed industrial estate will boost industrial activities even more. Raymonds and Reliance Infrastructure have already positioned themselves here.
- Utilities: Water in Yavatmal is managed by the Yavatmal Municipal Corporation and Maharashtra Jeevan Pradhikaran. The Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) handles electricity distribution.
Educational and Cultural Infrastructure
- Educational Institutions: Educational hubs in Yavatmal include Babasaheb Naik College of Engineering, Jawaharlal Darda Institute of Engineering and Technology, and Shri Vasantrao Naik Government Medical College.
- Cultural Events: The city sees lively festivals like Diwali, Bakrid, Maroti Mahraj, and Mahashivaratri, showcasing its rich cultural heritage.
Investment Potential
- Growth Indicators: The robust location, bettering infrastructure, and escalating industrial development make Yavatmal a prime spot for real estate investment.
- Rising Prices: The 16.29% year-over-year rise in property prices in Yavatmal city shows a solid appreciation in property value, marking a timely moment to invest.
Legal and Financial Aspects
- Stamp Duty: Property stamp duties differ based on value, ranging from 0.5% to 8% based on property value.
- Home Loan Help: Various banks offer home loans, while platforms like MagicBricks offer EMI calculators to assist prospective buyers.
PropertyWala’s Take
Yavatmal’s real estate market gleams, backed by a thriving industrial base, bettering infrastructure, and a bustling educational sector. Rising property prices and new projects make it an inviting choice for investors and homebuyers alike. To make an informed choice, it’s wise to stay abreast of local property trends and account for legal and financial factors tied to Yavatmal property transactions.