DeeR Digest

The Upside to Kolhapur Real Estate Market

Kolhapur is an historical city in the Panchganga river basin in south-west Maharashtra state, India. It is the municipal centre of Kolhapur district. Prior to Independence, Kolhapur was a nineteen salute, princely ruled by the Bhosale Chhatrapati of the Maratha Empire.

Real Estate in Kolhapur is rapid urbanization and increasing prices, Kolhapur is changing its face from a bungalow city to a tower city with emerging apartments & penthouses. Very few projects offer twin or row houses. With a price of above 1 crore in the prime areas, bungalows are becoming obsolete. With the growing urbanization, industries and changing lifestyles, Kolhapur is experiencing a large growth in its commercial market. Showrooms, Corporate offices, Hypermarkets are growing day by day. This change has led to a tremendous growth in modern commercial spaces in the city. Rajarampuri, Tarabai park/Nagala Park, Shahupuri, Old P.B road/CBS etc are becoming favored commercial destinations. All the upcoming prime commercial projects here are ranging from 14000 – 25000 per square feet and are well equipped with all modern amenities and infrastructure.

Kolhapur is a place full of greenery. The morning fresh air, soothing westerly breeze in the evening, lush green surroundings, you get all this throughout the year. You wake-up here with crowing of cock and chirping of birds, go to sleep with sound of crickets and watching blinking lights of hamlets in surrounding valleys. This is Panhala for you – A historical place, hill station, tourist destination and now an emerging education destination with international boarding schools and colleges. Nowadays it is also being targeted as a second home destination by the Kolhapurkars and also the Punekars.

Revolution commercial complex is indeed a revolution in the commercial spaces in Kolhapur’s real estate. The reason is its massive size which makes it the biggest commercial space in the city and also with the phenomenal amenities the developer has provided. Due to its unique location of station road and dabohalkar corner it is the most prime ongoing commercial property in the city. It has ample parking space and is a complete WiFi enabled complex. Such properties offer its buyers: 1 Commercial Complex at prime location of Station Road, Kolhapur 2 Space from 350 sq ft. to 15000 square feet available3 Suitable for Corporate Office & Hotels 4 Suitable for Showrooms 5 Suitable for Offices 6 Close to Central Bus Stand.

From an old central bus stand to a Kandha-Batata market and now finally a mall, the prime property on Subhash road has seen many phases, anyhow Kolhapurkars finally have a proper mall. Emphasizing on the word proper because the word mall has been used many a times for many places in the city which unfortunately are not even close of calling a mall. Now speaking about The Reliance Mega Mall, its located on Subhash road near Uma Talkies and has a built up area of approx 1.5 lakh square-feet , it has various reliance stores, a multiplex, gaming zones, food joints and the other stores are either leased or franchised. The mall construction started about 3 years before by a Aurangabad developer Tapadia and he named the mall as “The City Centre Mall” with 365 stores, but unfortunately due to some litigation’s he passed the property on to Reliance and now it’s called as the “Reliance Mega”.

Kolhapur’s Real Estate is very fast developing due to urbanization and its real estate gives its buyers from greenery around its residence to every possible modern facility a resident can ask for. Currently, new developers are coming-up new projects and real estate prices are quite moderate and affordable, and possibly ti’s the right time to invest in a city like Kolhapur.

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