Real Estate Trends in Karad

Karad Real Estate Overview

KARAD, the second largest city and industrial hub of Satara District in Maharashtra State. Karad is also an emerging real estate destination with a number of new industries making it as their base hence real estate market is getting all the benefit.

Karad is situated on the banks of Krishna-Koyana rivers, around 160 km away from Pune and 350 Kms away from Mumbai on NH-4 Highway. However, it has been considerably successful in replacing that image with a more cosmopolitan look with the help of improved transportation facilities and better infrastructure. A part of the "Golden Triangle", with Mumbai, Pune & Kolhapur.

Karad is attracting a lot of new investments from reputed industries. Karad is on central location on the western ghats. Karad has good connectivity and availability of cheap labour has encouraged significant number of industries to setup shop in the city. Large companies like India Bulls, ABB and many more have invested in Industrial city approx turnover of Rs. 200 Cr With so much industrialization going on, how can real estate remain left behind?

Karad on the Fast Track


  •   Mumbai- Bangalore six laning of the existing NH-4 highway.
  •   Wine Parks, Sugar fadory, and western ghat hills
  •   Upcoming cargo airport at Karad
  •   Heart of Sahyadri Hills and close to Koyana Hydro project and Hill stations. Most popular Panchgani & Mahabaleshwar is very close
  •   Select as one of the urban growth centers by the state and central government.

The Real Estate market in Karad has shown an upward trend in the last 3 to 4 yrs with progress on 6 laning of the Mumbai- Bangalore express highway. The Karad city is expanding in all direction in result it is developing along the East-West corridor parallel to the Krishna-Koyana river as well as in the North-South corridor along the NH4 express highway.

  •   Karad city witnessed at 65% growth from 2001 to 2011
  •  The population in 2011 census was 3,35,000 the population of the city has been growing at a CAGR of 7%
  •  The average literacy rate of Karad is close to 75%
  •  SEC A & B are at 27% of total urban population 0.3 mn people have income in excess of Rs 2 lacks per annum.
  •  Geographical location : Latitude & North Longitude and East
  •   Area : District - 10484 Sq. Km.
  •  Average Climate : Summer - April, May - Hot,35 deg Cell (Cool at night) Winter -December - January - very Cold Throughout the year mild
  •  Rain tall : Heavy in western part of the district & less towards the north eastern part.
  •  Languages used : Marath[ (Main), Hindi & English.
  • Rivers : Krishna and Koyana

The work participation ratio of Karad is 34.0%. This ratio indicates the ratio of working population to total population [dependent populaton] For Karad WPR is [34%1 nearly equivalent to 1:2, which is an indication of greater probability of availability of disposable income.

Karad stands a close fourth in the list of top cities in Maharashtra on various parameters like the Socio — Economic Classification of population, disposable income of households and ownership of assets of households.

Karad City is an Industrial and Agricultural hub. There are five 'Industrial Zones' in the Karad area and outskirts — Dhebewadi [637 hectares], Maser [521 hectares], Rethare [587 hectores], Mal kapur & Kirloskarwadi. There are 35 Large Scale Industries and 906 Small Scale Industries present in Karad.

The city has a strong Agricultural, Dairy & Poultry base due to excellent supply market in Mumbai. In addition to staple products, Cotton, sugarcane, onions and Grapes are the key products. Due to these the Agri - processing industry is highly developed. The city is largest in Satara district and highest in the agriculture sector.

Key Features, Developements Influencing the local Exonomy

  • Due to its ease in accessibility and connectivity from Mamba and Pune, IT/FES companies have being taking note of Karad as an alternative dust nation to set up their operations.
  • A lot of new IT developments are taking place accentuating the commercial demand in the city and creating more employment and economic growth. A huge education complex of Agriculture College (Rahuri University, near Karad Airport) is being developed near Karad airport which will increase the human resource availability of the city.
  • Two multi-product Special Economic Zones are coming up at Vanvvasmachi-MIDC Tasawde ( 10 Kms) away from Karad. The SEZ's are being developed by the Maharashtra Industrial Development Corporation along with Central government of India. MIDC and each SEZ are expected to have a major impact on the local economy of Karad.
  • Karad-Chiplun proposed railway project which is going to link Konkan railway with south central railway at Chiplun
  • Airbus is considering setting up a JV with HAL for an international aircraft maintenance Facility.
  • Re-establishment of air connectivity with Mumbai from Karad airport
  • Development of Multi-product SEZs in over 350 Hectares by India bulls at Karad.
  • The residential sector is migrating from traditional bunglow type constructions to apartment complexes. Average size of ongoing developments is 50 units project with a rate of around Rs 3000 - 4500 per sqft
  • Malkapur Road, Vidyanagar, Wakhan Road area, Banpunkar Colony etc are the prime upper and Higher middle class residential areas of Karad city while Agashivnagar, Ganesh Colony, Sadguru Nagar, Dhebewadi Road, Patan Road etc are the prime Higher Middle Class residential area developed beetween Karad city and Karad-Kolhapur Road (NH4).Whereas Dattamandir Road, Shaniwar Peth (main Market), Shivaji Stadium area etc are upper and Higher middle class residential areas of Karad city.
  • Good residential zones have also developed on Karad-Vidyanagar-Ogalewadi Road.
  • Karad-Tasgaon-Sangli Road is also a fastest emerging residential areas.
There are few big township projects (5 - 10 acres) all of which are in the planning & aquisition in and around karad
Name of Group Project Name Project Area Remarks
DSP Constructions DSP city, Near D-Mart Malkapur 3 Acres Project amenities under development, completing stage
Hindustan Builders & Developers Pvt. Ltd. Pancharatna Park, Agashivnagar 4.5 Acres Initially under phase 1,2 acres are being developed, construction and booking both are in progress
Future Group Cosmos Residency, Near S.T. Stand Karad 40 R Commercial Tower
Belapure Developers Devrai Residency, Wakhan 2.5 Acres Project amenities under development, Booking started

 The Current large residential and commerial projects in Karad city are typical on a 3 - 5 acres land parcels.

 Prominent Players are :-

  • DSP Construction
  • Hindustan Builders & Developers Pvt. Ltd.
  • Future Group
  • Belapure Developers
  • Aarya Construction
  • Natha Patil Developers
  • Shah Construction

The following map provides the classification of various areas in Karad as Higher, Middle and Lower Income Group.

The range of Capital values for projects within the city are as under
Major Locations Captial Values (INR per Sq.Ft.)
Karad - Patan Road 1800 - 2500
Vidyanagar and SGM College Road 2200 - 3200
Malkapur & Karve Naka 2500 - 3000
Agashivnagar & Vijaynagar 2600 - 3200
Wakhan Road, Rukmininagar 3000 - 3800
Shivaji Housing Society 3500 - 4000
Banpurikar Colony 4200 - 4800

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