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.
