In the Western Sahyadris, about 100 km from Mumbai, Lonavala, Karjat, Alibaug, Kamshet, and Lavasa are popular weekend getaways that have garnered increased traction from investors. Away from mundane city life, these weekend home destinations near Mumbai not only offer a relaxed environment but also high Returns on Investments (ROIs).

Amid the fast-paced, hectic life in metro cities, the charm of weekend getaways has increased significantly over the years. The beautifully designed properties offering panoramic views and replete with state-of-the-art infrastructure and amenities have enthralled not only the voyagers but also the real estate investors. This trend has picked up the pace more so after the pandemic, particularly near Mumbai, which is famous for numerous getaway destinations.

Thanks to the rapid real estate expansion by reputed developers, the weekend home destinations near Mumbai offer an idyllic environment for investors to work and relax. Also, amid the growing tourism and upcoming infrastructure projects, such as Mumbai-Pune High-Speed Train and Mumbai-Pune Hyperloop, among others, experts suggest that the Return on Investments (ROIs) anticipated from such developments will be manifold.

Here are some weekend home destinations near Mumbai

Top 5 weekend home destinations near Mumbai

Destinations

Capital values of residential plots per sq ft

Capital hike in the last five years

Lonavala

 Rs 1,600- 2,500

 25 percent

Karjat

 Rs 500-1000

 55 percent

Alibaug

 Rs 500-1,300

 50 percent

Kamshet

 Rs 300-800

 30 percent

Lavasa

 Rs 700-1,400

 35 percent

Source:Brokers

Lonavala

The most popular weekend home destination near Mumbai is Lonavala. Around 85 km away, this hill station is an ideal holiday destination for Mumbaikars looking for an escape from the maddening city crowd. Lonavala is a major station on the Pune Suburban Railway line connecting Mumbai and Pune and is also reachable via Mumbai-Pune Expressway and the Mumbai-Bengaluru Highway.

Lonavala is a perfect getaway destination, offering beautiful views of the Western Ghats and pleasant weather. With respect to the real estate market, Lonavala provides an assortment of residential choices ranging from apartments to independent builder floors and villas. However, experts suggest that bigger residential spaces, such as 3 BHK and 4 BHK units, would be ideal from an investment point of view. Since most tourists here are young professionals or students, who travel in groups, they rent larger spaces to split the lodging costs. Lonavala is also famous for corporate events. Hence, serviced apartments are quite popular here.

The area also has an adequate supply of developable land parcels. Given the strategic location and increased demand from investors, land prices in Lonavala have grown leaps and bounds and might witness 15-25 percent growth in the next couple of years.

Karjat

Karjat is a popular destination for trekkers and nature lovers about 70 km away from Mumbai. The best treks in Karjat are Chanderi Fort Trek, Matheran Trek via Rambagh Point, and Peth Fort Trek. This region of Maharashtra, which is literally in Mumbai's backyard, is best explored during the monsoon months. Easily accessible via Mumbai-Pune Expressway and Mumbai-Pandharpur Road, Karjat falls within the Mumbai Metropolitan Region (MMR). Apart from a dedicated railway station, Karjat is also accessible via Palashar railway station at nine km.

Karjat is primarily famous for budget accommodations. The 1 BHK configurations and studio apartments up to 400 sq ft form nearly 40 percent of the residential supply in Karjat, followed by 2 BHK developments. The home values for 1 BHK and 2 BHK units in Karjat hover at Rs 15-30 lakh and Rs 35-60 lakh, respectively.

The popularity of Karjat would grow significantly post the upcoming Sea Over Bridge and Trans Harbor Link between Sewri, Mumbai and Navi Mumbai. The approval of Local Growth Centres (LCG) by the State government to develop the social and physical infrastructure in Karjat would also influence the area's investment potential tremendously.

Alibaug

When compared to other getaway destinations near Mumbai, Alibaug's expanding infrastructure promises higher Returns on Investment (ROI). Developments like Roll on- Roll off car and passenger ferry services from Alibaug to Mumbai and the Virar-Alibaug Multi-Modal Corridor will significantly boost the connectivity quotient and reduce the commute time between cities. Besides, such projects will also catalyse the hike in property values, making Alibaug an attractive investment hub.

Anish Pankaj Gupta, Proprietor, Apt Business Corporation

For beach lovers, Alibaug is an ideal weekend home destination about 96 km from Mumbai. It is located on the Mumbai-Goa Highway (NH-66) midway between Wadkhal and Goa. With respect to investment opportunities, Alibaug offers scores of options across budgets, ranging from compact residential units to lavish villas. However, residential plots in Alibaug remain the most popular investment option amid the steadily growing land values. 

Alibaug has also garnered popularity owing to several connectivity projects proposed in the past. It is about 70 km from the upcoming Navi Mumbai International Airport. The proposed railway corridor from Virar would also accentuate the connectivity of the area, which is currently served by Line 1 of the Mumbai Metro. The nearest metro station to Alibaug is Jagruti Nagar Metro Station at seven km.

Kamshet

Known for its lush greenery and panoramic views, Kamshet is a quaint town about 80 km from Mumbai. It is an active tourist spot and known as the paragliding mecca of India. Leveraging this opportunity, many people have invested in the area in the last 4-5 years. The foray of several developers in the area, such as Riddhisiddhi Developers, Namrata Developers and Gagan Properties, have increased the real estate avenues in Kamshet. Over 50 percent of the inventory available for sale in Kamshet is 1 BHK and 2 BHK housing units. However, residential plots in Kamshet remain popular owing to the lower investment cost and higher returns.

From the connectivity standpoint, both private and state-owned buses ply here and provide seamless connectivity to Pune and Mumbai. Kamshet also has a dedicated railway station which is on the Pune Suburban Railway Line.

Lavasa

Amidst a spellbinding landscape spanning green hills and beautiful lake views, Lavasa attracts tourists from all corners of India. It has been on the radar of real estate investors, majorly owing to its pollution-free air, amazing weather and host of investment options. The area offers a plethora of housing choices, including residential apartments, villas and independent houses. Also, most of the residential developments in Lavasa are RERA-registered and ready-to-move, which further add to its popularity.

Prateek Bhattacharya, President, Mid Income and Affordable Housing, Lodha, says, “Homeowners nowadays desire homes with multi-purpose spaces, amicable environment where each family member can work, play and relax. The growing emphasis on fitness and mental health has augmented the preference for weekend homes or second homes in the outskirts of metro cities. As the second home market continues to mature, we will see more facilities such as gyms, badminton and tennis courts, golf courses, swimming pools, yoga studios, and defined outdoor areas, being incorporated in the projects.”

Overall, the weekend home destinations in India have witnessed increased popularity, and the trend might continue with developers offering quality choices, flexible payment plans, better remote working facilities and higher ROIs.