Khandala is a hill station in Maharashtra. From Karjat, it is located at a distance of 7 kms and from Lonavala the distance is about 3 kilometres. The Mumbai-Pune Expressway passes through Khandala. Because of its easy accessibility, it is a known spot for hiking. Duke’s Nose is a nearby peak from where you can get a great view of this beautiful hill station. Because it is favourite amongst people as a tourist spot. There is huge demand for hotels, restaurants and guest rooms. This demand for property in Khandala creates a positive market sentiment amongst the developers and investors.
Economy, Industry & Employment
As Khandala is a famous hiking spot, many people love to spend their holidays in Khandala. Setting up of new restaurants and hotels definitely creates more employment opportunities for people. More and more people coming to find the jobs further pushes the rental market of the city.
Infrastructure of Khandala, Mumbai
Khandala has a sound infrastructure helping the tourists to enjoy the beauty of the hill station to the fullest. Beyond good restaurants and hotels, the locality has educational institutions such as Swatantra Veer Sawarkar School, Kaivalya Vidya Niketan, Gurukul High School, Ryewood International School, DC High School and Auxilium Convent High School. The hiking spot also has some of the reputed hospitals such as the Kaivalyadhama Yogic Hospital and Health Care.
Real Estate
The real estate in Khandala has seen great growth in recent times. The city is connected to various prominent localities of Mumbai. Some of them are Wadala, Matunga, Powai, Panvel, Badlapur East, Matunga, Mazagaon, Sil Phata, Bandra West, Pen and Chowk among others. The real estate sector has seen developments by some of the prominent groups. Some of the key players investing in the real estate of Khandala are Kalpataru, Mark Ventures, Della Group, Dean Developers, Vertice Group, S2 Realty, Sun, Akshay Constructions, Shah Sompura and Co and Swastik Developers.