As the big cities across India become increasingly saturated in terms of development, real estate builders and investors alike are on the lookout for areas in the outskirts that promise good returns. One such destination is Palghar. With an impressive assortment of housing projects at attractive prices, Palghar is set to be the next affordable dream home destination. Here’s why.
Increasing industrial prospects: In recent years, Palghar has earned its reputation as a major industrial hub because of the many small-scale industries located here. The region has its very own dedicated industrial zone called as BIDCO Industrial Area. Furthermore, Tarapur in Palghar houses the largest MIDC in Maharashtra. More than 1000 industrial units like TATA Steel, Raymond, Welspun, Macleods, and Dales Remedies amongst others are operating from the region. Satpati, the state’s biggest fishing center, is located at a distance of about 8 km from the Palghar railway station. The area also has farms that grow chikoos, coconuts, palm, and rice. Palghar’s rapidly growing industrial landscape makes it a highly lucrative investment destination.
Thriving tourism industry: Palghar is a popular tourist spot and weekend destination, which means that it is scenic, but it also means that the real estate here is always in demand—whether for rental purposes or for sale. Kelva Beach, Mahim beach, Kelva dam—a popular picnic spot, Satpati Beach—among the largest beaches in Maharashtra and a popular fishing spot, and Sheetla Devi Temple are the popular destinations in Palghar. Interestingly, Palghar continues to see a large number of tourists even during the monsoons. Investing in a home in Palghar can serve as a weekend destination, a rental property or a second home, for investors.
Amenities for the ideal lifestyle: In terms of infrastructure, Palghar does have its share of schools, hospitals, and marketplaces. Moreover, the state government has set aside a budget for fast-tracking the economic development of Palghar. The locale is also known for its relatively cool climate, and this popular weekend destination has surely transformed itself into an idyllic investment hotspot. Also amongst the main attractions of investing in Palghar are its clean air, scenic surroundings, and great weather.
Palghar is definitely shaping up as a lucrative destination for investment in residential real estate. If you are intrigued by the prospects, there’s just the right project - Happinest by Mahindra Lifespaces. Comprising of 1 & 2 BHK homes, the project is equipped with ample amenities and built with quality specifications that offer connectivity, convenience, and comfort.
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