Kodaikanal Real Estate Market Information

Kodaikanal real estate industry has been able to witness a successful and steady growth in the financial year 2011, and it is expected to set some awe-inspiring records in its realty sector during 2012-2013. The thriving tourism industry has provided great momentum to the Kodaikanal property markets.

The entire phenomenon is ensuing in a significant appreciation of both rental and capital values of the properties that are made available here, thereby, offering an opportunity for local as well as national real-estate agents and investors operating in this region to generate huge profits.

Kodaikanal is one among the most picturesque and enchanting hilly regions situated in the southern part of India. Among the well known Kurinji Mountains of the region, Kodaikanal is a very popular hill station, which is situated not very far-off from the famous town of Madurai in Tamil Nadu. It also attracts tourists from Bangalore and Mysore who slowly start taking interest in owning a piece of property in Kodaikanal to build a holiday or a retirement home.

Property Prices in Kodaikanal

A newly constructed farm house covering a total land area of 4000 square feet, and 2000 square feet built area in Kodaikanal is offered at a starting price of Rs. 60 lakhs. Residential land property, measuring around 13,258 square feet of total land area, located nearby Pallangi, Kodaikanal, is available at a price of Rs. 78 Lakhs.

In the past few years, Kodaikanal has turned out to be a prominent destination as an ultimate holiday opportunity provider in southern India. It is also treated as the best retreat destination, thanks to its scented air, pretty lake, misty landscape and a romantic, serene and peaceful cloak in its appealing woody interiors. Property rates vary considerably from one part to another.

Consequently, there is a huge demand for commercial properties within the region of famous tourist spots in this hill station for the construction and improvement of resorts and hotels at all prime locations which are most frequently visited. This, in turn, has a direct impact on residential properties, and the Kodaikanal property prices at many locations have already begun to fly high to indomitable heights.

Kodaikanal real estate developmental activities are undertaken by keeping the ecological importance of the place in mind and its true potential to draw innumerable tourists not only from India but from around the world.

At present, the real estate trend in Kodaikanal is not only showing development of villas and flats, but is also opening out its commercial activities within the town in the form of new 5 star ultra luxury hotels, resorts and even bidding of farming estates. All this real estate action has resulted in a steep rise in the real estate prices in Kodaikanal.

In order to cater to the needs and demands of the tourists who flock to this hill station in huge numbers, it has become highly essential to develop Kodaikanal real estate industry at a steady pace, making way to many luxurious villas, flats, resorts, hotels, shopping complexes etc.

2BHK independent villas located at Attuvampatty, Kodaikanal, measuring around 1250 square feet to 2000 square feet of land are currently being sold for a base price in the range of Rs. 4,250 per square feet. The rates look high? Well, consider the area too.

A villa situated in the region of Vilpatti with a total land area of around 2400 square feet would cost around Rs. 43 Lakhs.

At present, there is a huge requirement for high standard accommodation facilities in Kodaikanal, and, as a result, many of the upcoming real estate projects that are coming up in this region are concentrating on developing top-class, ultra-luxury hotels, resorts, and farm houses.

Plenty of investors from Bangalore and Mysore are currently investing huge money in Kodaikanal property markets, and the day isn’t too far when the prices would go so high that it would become almost impossible to think of buying a retirement home in Kodaikanal. Buy one now when the time’s right to own a piece of land in this beautiful hill station; the rates are still reasonable.