Chikkaballapura
Chikkaballapura is a charming district in the state of Karnataka, India, known for its rich history, scenic beauty, and silk production.
Location Information
Overview
Previously part of the Kolar district, Chikkaballapura was carved out as a separate district in 2007. Nestled between two mountain ranges, Nandi Hills and Muddenahalli, it is renowned for its sericulture and vineyards. The district has immense historical significance with multiple forts and temples dotting its landscape.
The Lifestyle
Life in Chikkaballapura is a blend of traditional charm and modernity. The people are known for their warm hospitality and diverse cultural heritage. The community celebrates various festivals with great enthusiasm, with the annual Car Festival being a major highlight.
Attributes
Sericulture hub | Scenic beauty | Historical significance | Warm community | Wine production | Proximity to Bengaluru
You're sure to adore
Chikkaballapura's serene landscape, peppered with vineyards and silk farms, offers a refreshing escape from the city life. Its historical monuments and vibrant cultural festivals give visitors a taste of India's rich heritage.
The Market
The real estate market in Chikkaballapura is growing steadily due to its proximity to Bengaluru. You can find properties ranging from Rs. 2,000 to 4,000 per sq. ft. The region has seen a significant appreciation in property prices in recent years due to its rising popularity.
Connectivity
Airport
The nearest airport to Chikkaballapura is Kempegowda International Airport in Bangalore, approximately 35 km away.
Bus
Chikkaballapura is well-connected by Karnataka State Road Transport Corporation (KSRTC) buses and private operators to nearby cities and towns.
Train
Chikkaballapura is well-connected by Karnataka State Road Transport Corporation (KSRTC) buses and private operators to nearby cities and towns.
Road
Chikkaballapura is well-connected by Karnataka State Road Transport Corporation (KSRTC) buses and private operators to nearby cities and towns.
Social Infrastructure
Educational Institutions
Chikkaballapura is home to several reputed institutions like Sri Basaveshwara Medical College and Sir M Visvesvaraya Institute of Technology. The district also has well-equipped hospitals like Columbia Asia Hospital and Nandi Multi Speciality Hospital.
Hospitals
Prominent hospitals include Columbia Asia Hospital and R L Jalappa Hospital and Research Centre.
Crime Rate
The crime rate in Chikkaballapura is relatively low, with occasional reports of petty crimes.
Geography
Soil
The region has red loamy soil suitable for agriculture.
Topography
The area is characterized by plains with scattered hills.
Altitude
Chikkaballapura is approximately 879 meters above sea level.
Flora & Fauna
The region is home to diverse flora and fauna, including numerous bird species.
Climate
Season at a Glance
The region experiences a tropical savanna climate with distinct wet and dry seasons.
Rainfall
Average annual rainfall is approximately 750 mm.
Temperature
Temperature ranges from 15°C in winter to 35°C in summer.
Real Estate Trends
Rental Yield
The annual rental yield is around 3-4%.
Capital Appreciation
Real estate in the area has seen a capital appreciation of 7-8% annually in recent years.
Average Price per sq.ft
The average price per sq.ft is around INR 3,000.
Demand & Supply Dynamics
There is moderate demand for residential properties, with supply largely meeting demand.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
hikkaballapur offers a diverse range of real estate assets, including residential plots, agricultural lands, and commercial properties. Residential plots are available in various sizes and price ranges, catering to different investment needs. Agricultural lands are prominent, with listings showcasing expansive green spaces suitable for farming or investment purposes.
Revenue Potential
Potential revenue from rentals is moderate, with higher returns from properties near tourist spots.
Occupancy Rate
Average occupancy rate for rentals is about 60-70%.
ADR
Average daily rate for rentals is around INR 1,500.
RevPar
Revenue per available room (RevPAR) is around INR 1,000.