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Flourishing Konkan: Why investing in Konkan is the ideal choice?

30-12-2021

As a culmination of everything beautiful nature has to offer, the Konkan region spans over 720 km throughout the western coasts of Maharashtra, Goa, and Karnataka. It is bounded by the Sahyadri Mountain Range in the east, the Arabian Sea in the west, the Daman Ganga River in the north, and the Aghanashini River in the south. The coastal hinterland of Konkan consists of numerous riverine islands, river valleys, and the hilly slopes of the Western Ghats.

Konkan: The Ideal Getaway Destination

Famous for its surreal greenery and delicious cuisines, the Konkan region is truly a slide of paradise and a desirable spot for tourists from all across the globe. Konkan's serene and mesmerizing beauty, lush-green surroundings, beautiful beaches, historical forts, hills, and the tasty Konkani food all together host the richness and authenticity the Konkan region is known for. There’s just something magical in the air of Konkan, from the moment you step into the region, it relieves you of any underlying stress that might be bothering you and accommodates a blissful stay. The Konkan region is also famous for several temples that attract pilgrims throughout the year. It also attracts water-sports enthusiasts owing to the numerous water bodies that surround this region. There are many waterfalls, hill stations, beaches. You name it, and the Konkan region has it!

Potential for Growth in Konkan

In the past three decades, the government, as well as the private sector, have taken a serious interest in Konkan. Developments in the fields of tourism, trade, and agriculture have given momentum to the creation of jobs and wealth along this magnificent coastline. The Konkan railway, an epoch-making project got the region its early days of fame. Since then, it has been a profitable center for business with regional companies taking an international shape due to the coastline facilitating trade with the world. Coconut and betel nut plantations are as common as beaches in this region. Several multinational companies are considering Konkan as an investment destination and are up for setting up their units around the region.

Investing in Konkan, the Right Way

The real estate industry in the Konkan Region has been booming for the last 5 to 10 years. It’s because of the seamless connectivity that’s under development in the Konkan region that’s driving the potential growth. The rise in land prices has encouraged many developers, industrialists, constructors, and investors to explore new and remote areas in Maharashtra. Ratnagiri and Sindhudurg districts have become centres of opportunity for investors, developers, and constructors. These districts have the highest land investment owing to their potential for industrial estates, residential estates, farmhouses, second homes, hospitality, entertainment, educational centres, and the Special Township Project (STP), SEZ. All these developments with instant connectivity owing to the newly coming up Konkan corridor and coastal highway make the Konkan region a potential gold mine. Apart from this, here are a few more reasons why Konkan is the next hotspot for investors –

  • The development of coastal highway covers a decent drivable distance from Mumbai and Pune
  • Dighi Port is being developed on the two banks of Rajpuri Creek - The South Bank (Dighi Side), and the North Bank (Agardanada Side)
  • A marina bay would be set up in the future for docking yachts & boats as identified by Mumbai Port Trust
  • The appreciation rate of the land would constantly increase in a span of 10 years

When Mumbai introduced the maiden Ro-Ro ferry service to Alibaug in February, 2020, lockdown brought everything to standstill. Now that the service is back on track, people travelling from Mumbai to Mandwa can reach in approximately 60 minutes which usually takes 3.5 hours by road.

For an investor, it is indeed the perfect time to invest in Konkan, guaranteeing amazing results in the years to come. Today, Konkan is much more than a tourist destination. It has massive industrial complexes, offices, and international chains of hotels and other businesses at every nook and corner. So apart from the obvious financial benefits, this place has to offer, you can cherish the perks of living in naturally serene surroundings.

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