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!