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With the opening of the Chipi Airport, its connectivity and accessibility are changing, which is also giving a massive push to real estate activities in this beautiful region.
The Chipi airport in the Sindhudurg district of Maharashtra’s Konkan region was inaugurated by Chief Minister Uddhav Thackeray in October 2021.
The newly built Sindhudurg Airport, also known as Chipi Airport, is driving real estate growth in various parts of Sindhudurg, including Malvan, Vengurla, and Sasoli, according to a report by Axon Developers in partnership with 360 Realtors. Located in the southern parts of Maharashtra, bordering Goa, Raighad, and Ratnagiri districts, Sindhudurg is a nature’s true gem.
The beautiful Konkan town is blessed with panoramic views of vast Arabian sea, beautiful white sea beaches, verdant hillocks, picturesque hills of western Ghats and much more. The region has traditionally been a popular weekend destination in Maharashtra. However, with the opening of the Chipi Airport, its connectivity and accessibility are changing, which is also giving a massive push to real estate activities in the region.
The Chipi airport in the Sindhudurg district of Maharashtra’s Konkan region was inaugurated by Chief Minister Uddhav Thackeray in October 2021.
Ankit Kansal, managing director of Axon Developers, said, “The region with its pristine beauty, tranquil environs, and pollution-free atmosphere is becoming a growing hub for second homes, premium gated villas, retirement homes, etc. There is an equal vigor for hospitality themed projects such as eco resorts, rental villas, spas, etc. catering to the growing need for wellness, rejuvenation, stress-free lifestyle amongst urban dwellers.”
As per the report, property prices are moving up at a scorching pace in the range of 24-25 per cent yearly. In the South of Sindhudurg, Vengurla is becoming popular destination amongst second homebuyers & long rentals. Land are available in the range of Rs 1,600-1,800 per sqft in Vengurla and slated to reach over Rs 3,800 by 2028.
In the central parts of Sindhudurg, Kudal is becoming a popular second home destination amongst many migrant locals as well as investors from metros such as Bangalore, Mumbai, and Bangalore. A census town with modest population of around nearly 25,000, Kudal is located on the hilly terrains and is known for green fields, orchards, and natural lakes. Lands are available for around Rs 1,850 per sqft and is growing at a CAGR of 25.6 per cent yearly, fuelled by rise in demand from second home buyers.
“The tourism industry in Sindhudurg is gaining prominence. Besides leisure tourism, there is growing potential for alternate tourism activities such as snorkelling, mangrove safaris, staycations, Ayurveda retreats, and much more. This will also fuel the demand for tourism activities in the region,” Kansal said.
Speaking on the report, Vansh Kataria, co-founder of Tirasya Estates, said, “Goa’s real estate market is witnessing unprecedented growth, driven by a unique combination of factors. The state’s infrastructure development, such as the expansion of the NH-66, the Zuari Bridge, and the imminent completion of the Mopa Airport link road, has significantly enhanced its appeal for homebuyers and investors alike.”
Additionally, the region’s natural charm, vibrant tourism, and the growing demand for luxury and second homes are driving housing prices upward. Crossing the Rs 10,000 per sqft mark reflects not just the premium value of Goa’s real estate but also the increasing preference for quality lifestyle and investment opportunities, he added.
