Known for its cool climate and popular beaches, the weekend destination of Palghar has transformed itself into an idyllic investment hotspot.
Here’s a look at why it makes sense to invest in Palghar:
1. Tourist destination: 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.
2. Industrial growth: Palghar is also recognized as a major industrial hub, with many small-scale industries specializing in engineering, pharmaceuticals, plastics, textiles and stationery, located here. Satpati, which is the state’s biggest fishing centre, is about 8 km from Palghar railway station. Palghar also has farms that grow chickoos, coconuts, palm and rice. The area is also home to a number of industrial houses, such as Welspun, Macleods, Dales Remedies, Fredun Pharmaceuticals, Durian, Prime Notebooks, Sundaram Notebooks, Jayant Printery, Ginza Industries, R&S Electronics, Ebco, Raghuvanshi Exports, Abby Lighting, and Astamed Healthcare.
3. Civic amenities: Palghar offers a range of civic amenities that include schools, hospitals, marketplaces, restaurants, hotels, etc. Moreover, the state government has set aside a budget of Rs. 450 crore to create new infrastructure for the city and to upgrade the education, healthcare and telecom sectors.
4. Ideal environment: One of the main attractions of investing in Palghar is the clean air, scenic surroundings and great weather. Moreover, the city is all set to be developed as an SME and industrial hub, making it a highly sought-after investment destination.
Looking to invest in property in Palghar? Explore flats on sale at Mahindra Happinest, a residential project in Palghar by Mahindra Lifespaces.
