Price of Land, Flat, Villa and Bungalow in Panchgani Vs Mumbai & Pune
A lesser-known hill station that has more to offer…
Panchgani is a hill station in Satara district of Maharashtra. Panchgani derives its name as the ‘land between five hill top villages’. Though it is a popular hill station among Maharashtrians, it is a lesser-known hill station to the people of South India. In this blog, we shall look at some interesting facts about this hill town and also explore this place from a real estate standpoint.
Developmental activities in Panchgani started around 1860 by Lord John Chesson. As a part of it, Chesson planted exotic trees and encouraged people from a variety of professions to settle here. In the 19th century, British started to develop boarding schools for European students and since that time, Panchgani slowly evolved to be an educational hub of high standards. Coming to the present day, it also holds an agricultural significance and stands out as a strawberry cultivation centre. The major reason behind the growth of real estate in Panchgani is its proximity to major towns in Maharashtra. It is only 2 hours drive from Pune and about 4.5 hours drive from Mumbai. The bustling and quick lifestyle in these cities create a need for relaxation and much needed family time. Panchgani offers this through its mesmerising scenic beauty and varied places of tourist interest.
Having said that let us look into the trend of property in Panchgani. The following data has been compiled from trusted sources on the internet as of July 2021. Let’s begin with residential land price.
Land price in Panchgani Vs Major Cities
The average price for residential plots in top localities of Pune, Navi Mumbai, Mumbai and Kolhapur are as shown below. The respective areas considered are
- Pune - Pradhikaran
- Navi Mumbai – Khargar
- Mumbai –Santacruz East
- Kolhapur –Nagala Park
The prices are compared with average price of land / plot for sale in Panchgani, Bhillare
The unit is in Rs. / sq. ft
Agricultural land price in Panchgani Vs Major Cities
The average price for agricultural land in top localities in Pune, Navi Mumbai, Mumbai and Kolhapurare as shown below. The respective areas considered are
- Pune – Shikrapur
- Navi Mumbai – Taloja
- Mumbai – Virar West
- Kolhapur – KasbaBawada
The prices are compared with average price of agriculture land for sale in Panchgani, Khingar
The unit is in Rs. / sq. ft
Flat price in Panchgani Vs major cities
The average price for apartment in top localities in Pune, Navi Mumbai, Mumbai and Kolhapur are as shown below. The respective areas considered are
- Pune – Kondhwa
- Navi Mumbai –Ulwe
- Mumbai – Kurla West
- Kolhapur –Tapowan
The prices are compared with average price of flats for sale in Panchgani, Wai-Panchgani Road
The unit is in Rs. / sq. ft
villa / Bungalow prices in Panchgani Vs Major Cities
The average price for independent house in top localities in Pune, Navi Mumbai, Mumbai and Kolhapur are as shown below. The respective areas considered are
- Pune – Viman Nagar
- Navi Mumbai – Koperkhairane
- Mumbai – Andheri West
- Kolhapur – Nadives Road
The prices are compared with average price of Villas / Bungalows in Panchgani, Siddharth Nagar
The unit is in Rs. / sq. ft
Farm house prices in Panchgani Vs Major Cities
The average price for farm house in top localities in Pune, Navi Mumbai, Mumbai and Kolhapur are as shown below. The respective areas considered are
- Pune – KamgarNagar
- Navi Mumbai – NewPanvel
- Mumbai – Wadala East
- Kolhapur – Panhala
The prices are compared with average price of farm houses in Panchgani, Ambral
The unit is in Rs. / sq. ft
What do we infer?
- Panchgani is quite an affordable real estate destination in Maharashtra as compared to major cities in plains
When compared with Mumbaias a benchmark, the property rate in Panchgani is as given below
- One can buy land / plot in Panchgani at only3% of the land price in Mumbai
- Apartment in Panchgani are only 17% of the flats price in Mumbai real estate
- Independent house prices are only 6% of the price in Mumbai
As compared to its nearest city,
- Agricultural land price in Panchgani is only 3% of the land price in Pune
- Panchgani Farm houses are only 16% of the price in Pune real estate
Apart from the price point, what makes Panchgani click as a destination?
- The hill station has a special appeal to people who want a retirement home as the temperature all-round the year is pleasant
- The combination of an educational hub, highly accessible hill station, profitable agricultural location is what makes Panchgani unique
Are you interested in exploring property advertisements in Panchgani?
Hills & Wills is an online property-advertising platform dedicated exclusively to hill-station properties across India, including Panchgani. Its search and hill-specific listing features enable interested users to explore advertised properties of different types and characteristics, including villas, farmhouses, apartments, plots, modern homes, heritage properties and properties with advertised hill or valley views. Users can search, view and compare the advertised information and connect directly with the respective property owners or other advertisers.
Eligible Panchgani property owners can post property advertisements under the available free or paid listing plans on www.hillsandwills.com to sell a property in Panchgani online or advertise it for rent. Eligible real-estate agents, dealers, builders and promoters may post multiple authorised property advertisements under the applicable listing plans, subject to the platform’s terms and legal requirements, including any registration required under applicable law. Project advertisements must include the applicable RERA registration particulars or a valid basis for RERA exemption.
Users may also refer to general Panchgani property-rate trends and compare advertised property information across different hill stations before making their own decisions. Interested users should independently verify the advertiser, property particulars, title, land classification, permitted use, applicable restrictions and required approvals before proceeding.
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