Gearing for the Big Leap – Real Estate in Kolhapur

Kolhapur is a prosperous, unpolluted town, endowed with fertile soil and a pleasant climate. From being an agricultural centre, it has progressed to the status of an industrial city, being the centre for textiles, automobile and ancillaries in the region. Kolhapur has the second highest number of industries in Maharashtra, accounting for 14.3% of the total.

Real Estate Projects in Kolhapur

Commercial Property in Kolhapur: Kolhapur has been endorsed as a prominent IT destination by the Maharashtra Government, with promoters and builders being urged to invest in projects in the city. To meet its objective, the Government has approved several projects that would reinvent the economy of Kolhapur.

Projects by the MIDC towards the establishment of IT, Textile and Silver Parks in Kolhapur involve a total investment of Rs. 5000 crore. 80 acres of land have been sanctioned to start with, with another 100 acres to follow, for an IT Park. The Promoters and Builders Association of Kolhapur is spearheading the IT revolution with a new model for private IT parks, located in different areas of the city. Synthesis, M &S Royal, Waterfront, Vertex, M.J.Market, Renupooja, Lakeside and Inspirion are the new IT parks which would host the software companies moving into Kolhapur.

The Meero Hi-Tech Cooperative Textile Park is also under construction at a cost of Rs. 335 crore, and will be completed by 2008. Covering an area of 104 hectares, it is expected to attract investments from industry majors. Raymonds, Vardhman, Kirloskar and Menon Alcop have already invested heavily in their new projects in Kolhapur.

To tap the skills of the local artisans, a specialized Silver Zone in the Kagal-Hatkangale area will be set up on 200 acres. The township housing the Silver Zone would be equipped with various amenities to support the artisans residing and working within the complex.

Suraj Estate Developers have executed the Royal Pride Commercial complex on Station Road on 9000 sq. ft; Royal Plaza, Royal Palace and G.N.Chambers are other landmark commercial properties .in Kolhapur

Residential Property: The real estate trends in Kolhapur show an inclination towards the integration of residential and commercial spaces. Prominent property builders in Kolhapur reinventing the city skyline include: Naik Navare and Associates, Suraj Estate Developers, Paranjape Schemes, Cybercon Developers and Prestige Developers.

Residential projects in Kolhapur offer a varied choice of bungalows, flats, terrace flats and twin bungalows. Some of the residential-cum commercial projects include: the Parshwa Complex, Shri Tuljabhawani Sankul, Shivneri Plaza, Pinnac Vedanta, Pinnac Omkarswarup, Pinnac Shivalaya, Royal Heritage and Pinnac Vyakretesha.

The exclusively residential projects are Royal Nest, Royal Residency, Royal Court, Pinnac Prasad PH II, Srinivasa, Shashi Park, Paarijaat Residency,and Shiv Shakti Heritage, Paranjape Schemes are developing 2-3 BHK terrace flats which will be ready by June 2007. Naik Navare is offering bungalow plots off Ring Road.

The Royal Retreat in Rukar Colony offers twin bungalows and1-2-3 BHK apartments, while Poorvarang in ST colony is a complex of 1-2-3 bedroom terrace flats and row houses.. Suraj Estates are executing township projects as well – Royal Prestige, Royal Arcade and Royal Greenfield are in various stages of completion.

Being a multi-dimensional industrial town, Kolhapur has good prospects for investment. With a comfortable lifestyle to match, building an asset in Kolhapur would prove monetarily rewarding in the next few years.