Hodachahalli
Hodachahalli, a serene village nestled in the lush greenery of Karnataka, known for its vibrant local culture and rich history.
About the location
Overview
The real estate market in Hodachahalli is largely dominated by agricultural land, with a few residential properties. Prices are relatively low compared to urban areas, with potential growth due to its proximity to Mysore.
The Lifestyle
Life in Hodachahalli is characterized by simplicity and tranquillity. The close-knit community thrives on agriculture and is deeply rooted in traditional Indian culture. Festivals are celebrated with great fervour, and the local cuisine is a delightful blend of typical Kannada flavours.
Attributes
Serene Environment | Rich History | Vibrant Local Culture | Agricultural Economy | Close Proximity to Mysore
You're sure to adore
Hodachahalli, a serene and beautiful village nestled in the lush greenery of Karnataka, India
The Market
This rural area is home to fresh produce markets and local artisans. The nearest urban marketplace is in Mysore, approximately 30 km away.
Connectivity
Airport
The nearest airport is Mysore Airport, about 32 km from Hodachahalli.
Bus
State-run KSRTC buses connect Hodachahalli to nearby towns and cities.
Train
The nearest railway station is Mysore Junction, which is around 30 km away.
Road
Hodachahalli is located near National Highway 275, enabling easy connectivity to major cities.
Social Infrastructure
Educational Institutions
The village is served by local government schools. For higher education and healthcare facilities, residents usually travel to the nearby city of Mysore.
Hospitals
Primary health centers provide basic medical facilities in Hodachahalli. For advanced healthcare, residents usually travel to Mysore.
Crime Rate
The crime rate is relatively low, with minor incidents of theft and disputes being the most common.
Geography
Soil
The soil in Hodachahalli is predominantly red and fertile, suitable for agriculture.
Topography
The village is located on a flat terrain surrounded by hills and forests.
Altitude
Hodachahalli is approximately 800 meters above sea level.
Flora & Fauna
Local flora includes a variety of trees, shrubs and flowers. Fauna includes common Indian birds and small wildlife.
Climate
Season at a Glance
Hodachahalli experiences a tropical climate, with summers from March to May, monsoons from June to September, and winters from October to February.
Rainfall
Annual rainfall in Hodachahalli is approximately 800 mm.
Temperature
The temperature ranges from 15°C in winter to 35°C in summer.
Real Estate Trends
Rental Yield
Being a rural area, rental yields are relatively low, averaging around 2-3% annually.
Capital Appreciation
Due to its proximity to Mysore, the land value in Hodachahalli has seen a steady rise over the past few years.
Average Price per sq.ft
The average price per sq.ft is INR 500, due to the rural nature of the area.
Demand & Supply Dynamics
Demand for property is moderate, with supply mostly consisting of agricultural land and single-family homes.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are few Airbnb listings in Hodachahalli, with homestays being a popular choice.
Revenue Potential
There is potential for revenue from agritourism and homestays, given the area's natural beauty and tranquility.
Occupancy Rate
The occupancy rate for rentals and homestays is around 60%, peaking during the harvest season and local festivals.
ADR
The average daily rate (ADR) for a homestay is approximately INR 1500.
RevPar
With a 60% occupancy rate, the revenue per available room (RevPAR) is approximately INR 900.
Investment Guide
1. Investing in agricultural land can yield good returns due to fertile soil and ample water availability.
2. The proximity to Mysore offers potential for growth in residential real estate.
3. Rural tourism is an emerging trend, creating opportunities for investment in homestays and experiential tourism.
Places to Visit
40 km I A hidden gem, this seasonal waterfall offers a refreshing escape amidst lush Western Ghats greenery.
30 km I A historic fort with beautiful views It is a popular destination for nature enthusiasts and travelers seeking serenity. The location offers manjarabad fort with opportunities for manjarabad fort and exploring the natural beauty of the area. Visitors can enjoy activities like hiking, photography, and wildlife sightings in a peaceful, untouched setting.
72 km I A nature lover's paradise with picturesque views and hiking opportunities.
40 km I A hidden gem, this seasonal waterfall offers a refreshing escape amidst lush Western Ghats greenery.