‘Chipi Airport Drives Real Estate Growth in Sindhudurg’

New Delhi, December 21, 2024: Newly built Chipi airport is driving real estate growth in various parts of Sindhudurg, including Malvan, Vengurla, Sasoli, etc. as per a report by Axon Developers in partnership with 360 Realtors. Sindhudurg is located in the southern parts of Maharashtra, bordering Goa, Raighad, and Ratnagiri districts.

The beautiful Konkan town is blessed with panoramic views of the Arabian sea, hite sea beaches, and the Western Ghats. 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 even more positively. 

“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,” said Axon Developers MD Ankit Kansal.

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 and for long rentals. Land are available in the range of INR1,600-1,800 per sq. ft in Vengurla and slated to reach INR3,800 by 2028.

In the central parts of Sindhudurg, Kudal is becoming a popular second home destination. A census town with modest population of around 25,000, Kudal is located in the hilly terrain and is known for green fields, orchards, and natural lakes. Land is available for around INR1,850 per sq ft and is growing at 25.6 per cent yearly.