Gonikoppa
A quaint town in the heart of Coorg, known for its coffee plantations, picturesque landscapes, and a blend of traditional and modern lifestyle.
About the location
Overview
Located in Kodagu district in Karnataka, Gonikoppa is a small town known for its history of coffee cultivation dating back to the British era. Surrounded by lush hills and plantations, it offers a serene environment away from the hustle and bustle of city life. It plays a significant role in the coffee trade of the region and is a significant contributor to the local economy.
The Lifestyle
Gonikoppa provides a laid-back lifestyle amidst nature, with a close-knit community that is a blend of various cultures including Kodava, Tulu, and Malayali. The community is known for its warm hospitality and rich cultural traditions, with festivals like Puthari and Kailpodh celebrated with great enthusiasm.
Attributes
Serene Environment | Coffee Plantations | Cultural Diversity | Strong Community Bonds | Scenic Beauty | Significant Role in Coffee Trade
You're sure to adore
A quaint town nestled in the Coorg district of Karnataka, Gonikoppa is a treat for nature lovers with its verdant landscapes and warm community.
The Market
The real estate market in Gonikoppa has been seeing steady growth, with property prices ranging from INR 2,000 to 5,000 per sq ft. The area is seeing investments in both residential and commercial properties due to its potential for growth.
Connectivity
Airport
The nearest airport is the Kannur International Airport, which is approximately 75 km away.
Bus
Gonikoppa has a well-connected bus service to major nearby cities including Mysore, Bangalore, and Mangalore.
Train
The closest railway station is the Mysore Junction which is around 90 km away.
Road
Gonikoppa is connected by the State Highway SH88 that links it to Mysore and Mangalore.
Social Infrastructure
Educational Institutions
The town has several good schools including St. Anne's School and Gonikoppa Public School. For healthcare, there are several hospitals including Gonikoppa Health Centre and Coorg Multi-Specialty Hospital.
Hospitals
Prominent hospitals in and around Gonikoppa include Gonikoppal Government Hospital and Coorg Institute of Dental Sciences.
Crime Rate
Gonikoppa has a relatively low crime rate, making it a safe place for residents and tourists alike.
Geography
Soil
The soil in Gonikoppa is rich and fertile, ideal for the cultivation of coffee and spices.
Topography
Gonikoppa is located in a hilly region with undulating terrain.
Altitude
Gonikoppa is approximately 800 meters above sea level.
Flora & Fauna
The region boasts of rich biodiversity with numerous species of birds, mammals, and plants.
Climate
Season at a Glance
Moderate throughout the year, with monsoons from June to September and mild winters.
Rainfall
Annual rainfall in Gonikoppa is approximately 2,500 mm.
Temperature
The temperature ranges from 15°C to 30°C throughout the year.
Real Estate Trends
Rental Yield
The average rental yield in Gonikoppa is 3-4% annually.
Capital Appreciation
The real estate market in Gonikoppa has seen a steady capital appreciation of around 5% annually over the past few years.
Average Price per sq.ft
The average price per square foot in Gonikoppa is INR 3,500.
Demand & Supply Dynamics
The demand for property in Gonikoppa is moderate, with a steady supply of residential and commercial properties.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 50 AirBnb listings in Gonikoppa, comprising mostly of homestays and cottages.
Revenue Potential
The revenue potential for property owners in Gonikoppa is high, especially for those offering homestays and vacation rentals.
Occupancy Rate
The average occupancy rate for AirBnb listings in Gonikoppa is around 60%.
ADR
The average daily rate for AirBnb listings in Gonikoppa is approximately INR 3,000.
RevPar
The revenue per available room (RevPAR) in Gonikoppa is approximately INR 1,800.
Investment Guide
1. Investing in coffee plantations can yield good returns.
2. The growing tourism industry makes it a good spot for investment in hospitality sector.
3. The steady appreciation rate makes residential properties a good long-term investment.
Places to Visit
29 km | A rich wildlife sanctuary known for tigers, elephants, and lush forests. It is a popular destination for nature enthusiasts and travelers seeking serenity. The location offers nagarhole tiger reserve with opportunities for nagarhole tiger reserve and exploring the natural beauty of the area. Visitors can enjoy activities like hiking, photography, and wildlife sightings in a peaceful, untouched setting.
37 km | A scenic waterfall nestled in the Western Ghats, popular for nature walks and spiritual visits.. This serene location is perfect for nature lovers, offering a peaceful retreat amidst stunning natural beauty. Visitors can indulge in various outdoor activities such as photography, hiking, and wildlife exploration, or simply enjoy the tranquility of the surroundings. It's an ideal spot to reconnect with nature and experience its untouched charm.
55 km | A vibrant Tibetan monastery famed for its golden architecture and peaceful atmosphere.. This serene location is perfect for nature lovers, offering a peaceful retreat amidst stunning natural beauty. Visitors can indulge in various outdoor activities such as photography, hiking, and wildlife exploration, or simply enjoy the tranquility of the surroundings. It's an ideal spot to reconnect with nature and experience its untouched charm.
29 km | A rich wildlife sanctuary known for tigers, elephants, and lush forests. It is a popular destination for nature enthusiasts and travelers seeking serenity. The location offers nagarhole tiger reserve with opportunities for nagarhole tiger reserve and exploring the natural beauty of the area. Visitors can enjoy activities like hiking, photography, and wildlife sightings in a peaceful, untouched setting.