I had received many emails asking for land prices in Belgaum and I have just compiled some estimated market value as per the Sub registrar records. There can be some typo errors and information here has to be used only for approximate valuations. This blog does not guarantee exact and correct value.
There are bound to be many areas left out but in general you can ascertain the value by looking at the surrounding area rates. If still someone needs the value kindly mail back I will try and find out and paste it here as a comment.
In this global recession the prices of land and flats have not gone down in Belgaum. I have been mentioning the same from a long time.
The prices of flats have come down but that’s attributed to the reduction in cost of raw materials and nothing else and the decrease is also not commendable.
All are doing a wait and watch policy here. People interested in buying are not yet making a decision yet. The buyers expect the prices to go down but the builders don’t.
One more notable factor I realized is that as other companies are reducing their costs on advertising the Real estate companies are increasing the spend at least in Belgaum. Huge hoardings of Queens court, Heda Builders are up in many places in the city. There are another few also I have seen like Nasco developers.
Here are a few prices of land taken from the Tarun Bharat.
Rates:
Bogarves area: 30 to 40 lakhs per Guntha
Khanapur Road: 30 to 40 lakhs per Guntha
Club Road, Civil Hospital road: 25 to 30 lakhs per Guntha
Maruti Galli: 35 to 40 lakhs per Guntha
Khade Bazar (Sanykuta Mahtarstra Chowk): 35 to 45 lakhs per Guntha
Gandhi Nagar: 4 to 5 lakhs per Guntha
Shau nagar: 5 to 6 lakhs per Guntha
Kapileshwar Colony: 7 to 9 lakhs per Guntha
Somwar peth to Shukurwar Peth: 22 to 25 lakhs per Guntha
Maratha Colony 15 lakhs per Guntha
1st gate to Chougule wadi: 10 to 11 lakhs per Guntha
Hanuman Nagar: 1000 per Sq/Feet
Vijay Nagar: 550 to 750 per Sq/Feet
Some websites of builders from Belgaum (this is not an exhaustive list)
Westside, the Tata group based Retail giant plans to set up its store in Belgaum. A ad was published in the Tarun Bharat regarding the same. They are in look out of franchises with a capacity to invest Rs.2 crores and a suitable place on the main road with 8000 to 10000 Sq.feet area.
So any one with big pockets go in and jump into the Retail boom, if anyone reading this does jump in do let me know, I will make another post.
Golden Gate Properties of Bangalore builders of some properties like Golden Grand, Yeshwantpurwill enter into the Belgaum market. They plan to set up residential complexes in the next 18 months.
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