Why People are Interested in an Independent House for Sale in Kodaikanal

 

Are all hill stations the same? 

·        The answer is NO. Each hill station is unique and for this very reason, people travel to different hill stations

·         Yet there is something to note. Some people visit the same hill station every year!

·         In this blog we are to talk about one such hill station. It is none other than the ‘Princess of Hills’, Kodaikanal!

What makes Kodaikanal special?

 Strategic Location

 You might be surprised to note that the location of kodaikanal is of significance. Kodaikanal is the closest hill station to the whole of South Kerala and South TamilNadu. There are a number of places in these two states that are fairly close to kodaikanal. The below given table shows, the distance and travel time, from those places in Kerala and TamilNadu, to kodaikanal. For a benchmark we shall consider 15 places that are under 300 km. The travel time is by road and is an approximate value. Also, the below given list is not exhaustive

The Logic Behind Buying Home in Kodaikanal

 Travel time is a crucial factor that determines people’s choice to visit a hill station. From the above table it can be seen that these locations take anywhere between 2 to 6 hrs, the average time being around 4 hours. Naturally the tendency of people from the above-mentioned places will be, to choose kodaikanal as their summer retreat. Having visited the hill station several times, they would have developed a strong emotional connect with the place itself. Thus, when it comes to investing in a summer home, their choice again would be kodaikanal!

 Independent House for sale in Kodaikanal

 Hill stations exhibit serenity. People go there to relax and rejuvenate. For a calm place like kodaikanal, the ideal property choice would be an independent house. This will give the buyer privacy in addition to offering a peaceful environment.

 In today’s stressful life, investing in a summer home has become a necessity rather than luxury. Thus, the trend to independent house for sale in kodaikanal is expected to grow in near future. This means the prices of property will raise owing to limited availability.

 According to your budget, if you are looking for an Independent house or a Bungalow in Kodaikanal, the right time to invest is now. Don’t wait. Visit Hills & Wills portal to see a wide range of properties with real pictures. Call us on +91 9500 800 900  

 

Property Rates in Kodaikanal Vs Major Cities in Tamilnadu A Detailed Analysis

 

Hello reader! Are you interested in hill station properties? If yes, come with us to explore a lucrative investment destination through this blog. 

What is our focus destination?

Kodaikanal is a hill station situated in the Dindigul district of Tamilnadu. Standing tall at 6988 ft, the hill station attracts tourists from all over the world. First established in 1845, the hill station has come a long way from merely being a tourist destination to attracting permanent settlers.

What attracts people towards Kodaikanal?

Physical parameters

·    Climate: Kodaikanal climate is a blessing to those who find it difficult to cope with the harsh climates of plains. The average temperature in Kodaikanal is around 16.4°C. In summers the maximum temperature of Kodaikanal is only about 18.6 °C.

·   Scenic beauty: The name of the hill station has a significance. Meaning ‘Gift of the forest’ Kodaikanal is indeed full of nature’s blessings. There are 8 major waterfalls and 13 other places of interest in Kodaikanal

Lifestyle oriented parameters

·         Educational institutions: Kodaikanal is one of the most evolved hill stations when it comes to educational facilities. There are 16 schools, 3 colleges and a university in Kodaikanal

·         Communities: There are well established civil societies in Kodaikanal including the Lions Club, Golf Club and Boat Club

We have seen the obvious advantages the hill station has to offer. However, when it comes to real estate, price becomes a crucial factor in the purchase decision. Let us see where Kodaikanal stands from a price point perspective as compared to big cities on the plains.

Kodaikanal real estate

Land prices in major cities Vs land price in Kodaikanal

The cities in Tamilnadu and areas under consideration are as shown below. The prices in these areas, will be compared with prices in specific areas, in Kodaikanal

·         Chennai - Anna Nagar

·         Madurai - Anna Nagar

·         Trichy - KK Nagar

·         Coimbatore - RS Puram

Here, residential land prices in cities are compared with land price in Vilpatti Kodaikanal

The unit is in Rs. / sq. ft

Builder floor prices in major cities Vs builder floor price in Kodaikanal

The cities in Tamilnadu and areas under consideration are as shown below. The prices in these areas, will be compared with prices in specific areas, in Kodaikanal

·         Chennai - Anna Nagar

·         Madurai - Anna Nagar

·         Trichy - KK Nagar

·         Coimbatore - RS Puram

Here, builder floor prices in cities are compared with Convent Road in Kodaikanal

The unit is in Rs. / sq. ft

Apartment prices in major cities Vs apartment for sale in Kodaikanal

The cities in Tamilnadu and areas under consideration are as shown below. The prices in these areas, will be compared with prices in specific areas, in Kodaikanal

·         Chennai - Anna Nagar

·         Madurai - Anna Nagar

·         Trichy - KK Nagar

·         Coimbatore - RS Puram

Here, apartment prices in cities are compared with Vilpatti in Kodaikanal

The unit is in Rs. / sq. ft

Independent house / villa prices in major cities Vs Kodaikanal

Independent house for sale in Kodaikanal / Villa for sale in Kodaikanal

The cities in Tamilnadu and areas under consideration are as shown below. The prices in these areas, will be compared with prices in specific areas, in Kodaikanal

·         Chennai - Anna Nagar

·         Madurai - Anna Nagar

·         Trichy - KK Nagar

·         Coimbatore - RS Puram

Here, prices of independent houses / villa in cities, are compared with Pallangi in Kodaikanal

The unit is in Rs. / sq. ft

What can we observe?

1.       The residential plot price and builder floor price are the lowest in Kodaikanal as compared to the top 4 cities!

2.       The apartment price in Kodaikanal is only 14 % of the price in Chennai (the highest)

3.       The independent house / villa price in Kodaikanal is only 8% of the price in Chennai (the highest)

Conclusion:

Kodaikanal is clearly, an affordable choice for people, who wish to settle down in a smaller town. Given the present-day traffic and air pollution levels in larger cities, a lot of people especially young adults are showing increased interest, in shifting back to their hometowns. Of those, a considerable number of people are looking to invest in hill stations, near their hometown, for a permanent getaway. Now-a-days with more emphasis being laid on the ‘quality of life’ and ‘peace of mind’ people are conscious about the place they live in. This will be a key growth driver for hill station real estate in the near future.

Bengaluru to Ooty — A Travel from Real Estate’s Perspective

Is Bangalore still qualifies for a hill station climate at 3000 feet altitude?

How does rising temperature in Bengaluru influence the real estate market in and around?

Keen to know? Then read along.

Real Estate & Economy of Bangalore  

Bangalore is also known as Bengaluru, a bustling city with an estimated metropolitan population of over 1.2 crore in 2020. Between 2016 and 2019, the population grew on an average at 3.95%. According to a popular analytics website, the population in Bengaluru is expected to steadily grow until at least 2037.

Often referred to as the Information Technology (IT) capital of India and the Silicon Valley of India, Bengaluru started on its growth journey back in the 1990s. Owing to the boom of IT companies that offered IT export services, Bengaluru attracted thousands of settlers. Being highly accessible from cities across India and cosmopolitan culture, migration to Bengaluru was seen as a lucrative option by young adults. This led to rapid urbanisation of the city and it emerged as India’s 3^rd largest city in terms of population (per 2011 census).

In terms of real estate, an online business magazine reports that Bengaluru has always been an active market for both residential and commercial working spaces. It says that the aspirational millennial have their specific preferences with respect to Homes and work spaces. The rise in demand for affordable housing (< Rs. 40 lacs), trended in Bengaluru real estate, in 2018.In 2020, even in the course of the pandemic, Bengaluru saw a 3% yoy rise in prices. One factor that could be attributed was that the demand for larger houses spiked due to the need of a dedicated working space which has been supported by the ever growing “Economy of Bangalore”

Bangalore Climate Transformation

Is all well with Bengaluru?

The answer is no.

The city’s growth has been a double-edged sword. Going back in time, in 1970 the city’s green cover was 68%. The Garden city so called now, was indeed one with several lakes and a vast expanse of trees and greenery. Post the influx of migrants since the 1990s, Bengaluru struggled with many problems. The major ones being vehicular traffic, poor air quality and water scarcity. In the last 40 years, Bengaluru had its green cover reduce by 89%, and water bodies deplete by 79%. The ecological imbalance meant rising temperature. There are several reports of drastic temperature changes in Bengaluru.

As recent as January 2020, Bengaluru recorded a temperature of 33.4, the highest in the last twenty years. This means Bengaluru no longer holds its advantage of having a pleasant climate.

Bangalore real estate not alone grown but the summer temperature there too!

This has also affected the tourism in Bangalore and the need of home stay in Bangalore recent days!!

 

 

Why Bangalore people invest on Ooty Real Estate

In fact, Bangalore people who are nostalgic about the cool weather and greenery of Bengaluru are moving out of the city or, are investing in a holiday home away from the city. Where could one possibly find a solution?

At Ooty where else!

The Ooty real estate market is flourishing and investment is flowing from Bangalore into Ooty not only for the above-mentioned reason.

·      Ooty is one of the nearest hill station to Bangalore located at a distance of 270 km from Bengaluru is ideal for who wants to buy a Farm House for sale in Ooty, to rejuvenate and spend weekends - - Just 4 hrs drive by road.

·         Cost of Ooty property or land is many folds cheaper than Bangalore real estate price. 

·         Ooty realty ROI is not volatile and evergreen comparing to Bangalore realty.

·         Ooty is scenically beautiful, has an avg. annual temperature of 14.4°C and Bangalore people enjoyed the chill climate always which they missed in Bangalore city nowadays and owning a second home in Ooty becoming essential for them rather than luxury to manage the summer heat.

·         Bangalore people love the party culture and Ooty is the best fit for them to enjoy the weekends.

·         Owning a property in Ooty hill station is a social status to the Bangalore people.

The best property portal to buy Ooty property

Are you interested to buy home in Ooty? Looking for an expert to guide you to buy property in Ooty or to Buy agriculture land for sale in Ooty? Hills & Wills can help you make the right choice. They have the hottest list of property for sale in Ooty. Being the exclusive and the only real estate portal for hill stations in India, they also have quality listings of land for sale in Ooty and the most preferred hill station real estate online platform by Bangalore people.

Property in Ooty for investment or vacation home or settlement differs and Hills & Wills being the hill station expert knows the difference better than anyone else!

NRI Investment in Real Estate

 

Past decades statistics reveals, a huge Indian population have migrated abroad creating a niche in various disciplines. Despite their physical presence beyond borders to earn a living, undoubtedly India is the nucleus of their mind and soul. Hence, as a conventional investment strategy NRIs invest in India for three major reasons – to anchor their roots in homeland, the attractive investment benefits offered by the financial institutions and nevertheless to contribute to Indian economy. Apart from these reasons, a survey conducted from a reliable source reveals a statistical summary - 1. 38% long for a golden retirement phase, the dissatisfying lifestyle conditions urges 2. 36% of the NRI population to seek a return and nearly 3.26% decide for personal issues.

 

Although, there are many wealth management strategies such as investment in fixed deposits, mutual funds, government securities, bonds etc., residential property investment is the best and wise investment. Some of the underlying reasons are establishing a hold in home land on return, to enjoy a serene, relaxed retirement life back home and the increase in market value of fixed assets yielding considerable revenue to reap the worthwhile benefits of investment.

 

A Reliable 2018 statistical analysis reveals that 13 billion USD out of a total worth of 80 billion USD investments was from real estate business sector. Also, forecasts for 2022 states nearly 30% to 35% of the total NRI investments is expected from the real estate sector. This truly motivates the NRIs interested in residential property investment in India.

 

It is vivid that investment in hill stations is the most preferred investment by NRI, Ooty and Kodikanal being the widely sought after destinations for the most prominent reasons of Hill Stations being a shadow of western countries especially and sophisticated, serene lifestyle being common reasons for all NRIs aborad. Amongst the realtors, Hills and Wills offers reliable service to NRIs seeking a residential property in Ooty and Kodaikanal. Be cautious while taking a decision to buy a property in Ooty or buy a property in Kodaikanal. Hills and Wills also offer service to sell a property in Ooty or Kodaikanal. Trust in a reliable partner to invest in the real estate in Ooty or Kodaikanal shall undoubtedly yield worthwhile benefits for your hard earned money.

Agriculture in kodaikanal

Kodaikanal, the princess of Hills in Tamil Nadu is not only renowned for fascinating Tourist Spots but also for Agriculture. Agriculture industry ranks second in Kodaikanal next to Tourism industry. Kodaikanal enjoys the privilege of the perfect weather conditions, green landscapes and rich fertile soil for the cultivation of certain exclusive crops such as Coffee and tasty fruits. This lovely paradise on Earth contributes to the revenue of Indian economy in coffee exports. Apart from coffee plantations, Kodaikanal is popular for different variety of fruits such as grapes, peaches, pears, plums and many more. Though fruit cultivation is flourishing, vegetable plantations is the occupation of most people in Kodaikanal. Potatoes from Kodaikanal are the widely sought after varieties in the global market. Flowers and herbs rich in medicinal values are also the inevitable components of the agricultural sector. Few to mention are eucalyptus, Dahilia, Madonna, pine, lily, wattles, Datura and deodars. Some research studies prove that fruit trees and spice trees may be some good choices to consider agriculture in Kodaikanal. 

Cultivation in plains has a better advantage compared to hill cultivation that follows a pattern called terrace farming and contour farming. But hills cultivation has its own benefits such as perennial water supply for irrigation, perfect weather for floral and fruit cultivation enabling Kodaikanal to contribute the most tastiest fruits such as Guava, Seedless grapes, avocado, bananas, papaya, jamun, cherries, litichi, pineapple and grapefruit. Fruit, coffee and floral exports yield remarkable revenue in Kodaikanal. 

Hence, numerous people today are showing interest in buy a farm land in Kodaikanal, establishing an agricultural business. Agriculturalists pursue this occupation in Kodaikanal whereas for non-agriculturalists it forms additional revenue. The real estate in Kodaikanal is booming remarkably, enabling Hills and Wills play a pivotal role in aiding their clients to buy a property in Kodaikanal. 

 A careful analysis on property for sale in Kodaikanal marketing advertisements is mandatory before your decision to buy the same in hill stations. Hills and Wills is one of the top real estate agencies in Kodaikanal promoting the sale of farmhouse and farm land in Kodaikanal. Make your dream into reality through Hills and Wills, your reliable and trusted partner in the real estate world of one of the heaven on Earth, Kodaikanal

 

What are the Benefits to Buy Property in Kodaikanal?

About Kodaikanal

Kodaikanal is one of the most popular tourist spots and it offers amazing holidaying opportunities to everyone. It is Often called "Princess of Hill stations". The hill station is located in the Palani hill range, under the administrative control of Dindigul district of Tamil Nadu. It has mesmerising natural settings and exciting activities to offer its guests. From trekking routes to parks and lakes, to keep yourself engaged while holidaying on this hill station.

 

Why Luxuries preferred hill in India

When it comes to buying a luxury property, affluent Indians seem to prefer hill stations over sea-facing properties. As the demand for luxury housing is growing, leading real estate developers are considering exotic hill stations as the next luxury destination. The real estate in kodaikanal had more queries regarding luxury housing in hilly destinations.

●       Hill Station homes are surrounded by natural vegetations.

●       If you are looking for an eco-friendly property with an ecological beauty then a property in kodaikanal is the best choice.

Social Status and Stress relief 

The best and most effective way of increasing your social status is to buy property in kodaikanal. But, when you want to buy a property in Kodaikanal, think about buying it in a place where the climate is pleasant and eco friendly. Owning a property in Hill-station like Kodaikanal will make you more respected and naturally gain a higher social status.

In a bid to escape the stress and hectic schedules, many feel that homes in hill stations will be an ideal buy in the present scenario. Modern day stress, hectic schedules and a desire to lead a peaceful life makes these hill locations a preferred choice for many.

Future Destination

Kodaikanal is one of the very popular summer destinations and most sought holiday destination hill resorts in South India. The economy of Kodaikanal is predominantly run by tourism. The number of visitors is increasing year by year as the service providers related to tourism and sectors related to real estate in kodaikanal also increases. However, many local tourist groups commute on short trips to Kodaikanal.

Hills & Wills

Hills & Wills best real estate agency in Kodaikanal, where you can buy a property with a 100 percent confidence. They have their own strategy funnel of buying and selling a property, especially at the hill station.

If you are in search of buying or selling a property in Kodaikanal, please feel free to call them.

For more information about Hill and Wills visit: https://www.hillsandwills.com/ or mail us info@hillsandwills.com