Real Estate Properties in Yavatmal

Earlier part of Madhya Pradesh, Yavatmal merged with Maharashtra in 1960, the year the state was formed. Yavatmal city is the district’s headquarters and is known as the Cotton City. Lying in the Wardha Penganga-Wainganga plain, the region is agriculturally rich with a variety of kharif and rabi crops.

The city comes to life during festivals and fairs like Diwali, Bakrid, Maroti Mahraj, Shri Ranganath Swami, Mahashivaratri and Ghanti Baba. Apart from a vibrant cultural life, the city has a number of small-scale and large-scale industries like spinning mills, handmade paper and pressing mills.

Raymonds is among the prominent companies settled here. The proposed industrial estate coming up in the region is going to help with the further advancement of industries here. The population of students is also rising in the city because of the number of engineering, medical and other colleges that have started around here.

Stats and Facts

• Yavatmal’s population is 1,16,714 according to the provisional reports of the 2011 census. The city’s urban population is 1,38,464
• The city has a high sex ratio of 988 per 1000 males, although child sex ratio is 880 per 1000 boys, as per the census 2011 reports
• The average literacy rate in Yavatmal is 91.81%, of which female literacy rate is 88.17% and male literacy rate is 95.45%
• Yavatmal was known as Yeoti or Yevtmal earlier
• Yavatmal district is bordered by Amravati and Wardha district in the north, Chandrapur district in the east, Andhra Pradesh and Nanded district in the south and Parbhani and Akola district in the west
• Marathi, Urdu, Hindi and English are the languages commonly spoken here. Banjari, Kolami and Andh, an Indo-Aryan language is also spoken here by a few people. The dialect used in the region is called the Berar dialect

Agricultural and Manufacturing Sector

• Agriculture is the mainstay of Yavatmal’s economy. There is a big vegetable and cotton market held here on Sundays
• Yavatmal is known for its cotton production and the other important cash crops are jowar, wheat, sorghum, peanuts, oranges and timber
• The region is filled with ginning and pressing mills for cotton, as well as saw mills and oil mills
• Limestone is the most abundant mineral found in the region, apart from which coal, dolomite and shale are also found
• Superior quality teakwood is easily found in the forests of Yavatmal. Wood for making furniture, bamboo, tendu leaves and gum are the major forest produce in the region
• The food and beverage manufacturing industries dominates in this region with highest per cent of people employed. Textiles, ready-made garments, sugar manufacturing, fur dyeing, and leather tanning also employ a sizable amount of Yavatmal’s workforce
• One of the most prominent units here is the Raymond factory. It produces the denim material for jeans. Rasoya Proteins is another large-scale undertaking in Yavatmal
• Raw cotton and denim jeans are the major exportable items in Yavatmal. The industrial estate coming up in the region is going to support a variety of industrial units. The city’s excellent road connectivity gives it a lot of potential to grow further

Connectivity

• Yavatmal Airport or Jawaharlal Darda Airport is an airport operated by Reliance Airport Developers Private Limited. It is about 7 km away from the city and has flights to Mumbai, Bengaluru, New Delhi and Nagpur
• Yavatmal Railway Station is the nearest station that connects to Nagpur and Pune. Wani Junction is used to transport coal to Chanakha, Rajur and Majari-Varoda
• The State Highway from Amravati to Chandrapur and Nagpur to Tulzapur pass through Yavatmal and the National Highway NH-7 from Nagpur to Hyderabad passes though the district. This puts the city in a very strategic location in terms of trade
• The Maharashtra State Road Transport Corporation provides bus services between states and within the city
• Private bus agencies, auto-rickshaws and taxis are also available for local transport

Yavatmal Civic Administration

• The Yavatmal Municipal Corporation (YMC) is a 33-year old local civic body that manages civic administration for Yavatmal. They take care of urban planning and development, as well maintains and upgrade facilities for the city’s residents
• The administrative activities of the corporation follow the Bombay Provincial Municipal Corporation Act 1949. YMC is the oldest corporation in the district and headed by a commissioner and mayor
• In order to make administration easier, Yavatmal district is divided into 16 tehsils and 16 panchayat samities
• The Urban Development Department of the government of Maharashtra manages urban growth and planning for the entire state of Maharashtra, including Yavatmal. The Amravati Housing and Area Development Board is responsible for the development of residential areas in Yavatmal
• The Yavatmal District Police maintains law and order in the city. They are a sub-division of the Amravati Police. Six of their main police stations are located in Yavatmal

Yavatmal Infrastructure

The city has grown from being a quiet town into a bustling city. Superb road and rail connectivity has allowed the textile and cotton industry to flourish in the region. The city also has a number of tourist attractions like forts, temples and hot springs.

Educational infrastructure is also well developed, with many engineering, medical and physical education institutes located in the region. Some of them are the Babasaheb Naik College of Engineering, Jawaharlal Darda Institute of Engineering and Technology, Gunwantrao Deshmukh College of Education, Shri Vasantrao Naik Government Medical College and Manoharrao Nanasaheb Deshmukh Arts and Science College.

The planned industrial estate, in combination with the city’s strategic location is the main reason for trade and commerce in the region. Reliance Infrastructure hopes to set up an aero parts recycling plant.

Infrastructure Projects

Yavatmal Real Estate Market

• Yavatmal belongs to one of India’s most industrialized states. The Maharashtra Industrial Development Corporation has built an industrial township that has stimulated commercial as well as residential property rates in Yavatmal.
• SEZs and industrial estates coming up in the state and district are only going to boost further economic activity. The ease of access to the city and infrastructure improvements are proving that Yavatmal is apt for a risk-free investment

Key Localities in Yavatmal

Charges By Different Government Bodies

Property Registration

Stamp Duty

a) Value up to Rs. 1 lakh – Nil

b) Value - Rs. 1 lakh to Rs. 2.5 lakh – 0.5% of the value

c) Value - Rs. 2.5 lakh to Rs. 5 lakh – Rs. 1,250 + 3% of value over Rs. 2,50,000

d) Value - Rs. 5 lakh to Rs. 10 lakh – Rs. 8,750 + 6% of value over Rs. 5,00,000

e) Value - Above Rs. 10 lakh – Rs. 38,750 + 8% of value over Rs. 10,00,000

Mahavitaran - Maharashtra State Electricity Distribution Co. Ltd.

The Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) is one of four companies that handle the state’s power needs, excluding Mumbai and including Yavatmal. The Maharashtra Electricity Regulatory Commission determines the tariff to be charged for the various categories of citizens.

The Maharashtra State Electricity Board (MSEB) was unbundled into the MSEB Holding Co. Ltd., MSEDCL, Maharashtra State Power Generation Co. Ltd., and Maharashtra State Electricity Transmission Co. Ltd. in 2003.

Indian Chamber of Commerce awarded MSEDCL as the best distribution utility among 30 states at the 5th All India Energy Conference in 2011.

Electricity Tariff

* Above fixed charges are for single phase connections. Fixed charge of Rs. 100/month will be levied on residential consumers availing 3-phase supply. Additional fixed charge of Rs. 100/10 kW load or part thereof above 10 kW load shall be payable.

Maharashtra Jeevan Pradhikaran

The Yavatmal Municipal Corporation and Maharashtra Jeevan Pradhikaran supply water to Yavatmal. The Maharashtra Water Supply and Sewerage Board was renamed as the Maharashtra Jeevan Pradhikaran in 1997.

Water Tariff