Kodlipet
Kodlipet is a serene, small town nestled in the Coorg district of Karnataka, India, renowned for its lush greenery, peaceful lifestyle, and a rich blend of culture.
About the location
Overview
Kodlipet, located in the Kodagu (Coorg) district, is steeped in history with influences from the British era and a distinct Kodava culture. With its verdant landscapes, picturesque hills, and coffee plantations, this small town embodies the tranquil charm that Coorg is celebrated for. It serves as a gateway to several tourist destinations within the district, making it a significant point on the map of Karnataka's tourism.
The Lifestyle
The lifestyle in Kodlipet is relaxed and unhurried, reflecting the laid-back rhythm of the countryside. People here are engaged in agriculture, predominantly coffee and spice cultivation. The community is a harmonious mix of Kodavas, Muslims, and other Hindu communities, coexisting peacefully and celebrating diverse festivals with equal enthusiasm.
Attributes
Serene and Green Environment | Rich Cultural Heritage | Coffee and Spice Plantations | Close-knit Community | Gateway to Key Tourist Destinations
You're sure to adore
The peaceful ambiance of Kodlipet, away from the city's hustle and bustle, is truly enchanting. The rich aroma of coffee from the plantations and the vibrant cultural festivals, reflecting the unique Kodava culture, make this place a special retreat.
The Market
The real estate market in Kodlipet is relatively affordable compared to urban areas, with prices ranging from INR 2,000 - 4,000 per sq.ft. The market has seen steady growth due to increased interest in agritourism and the demand for holiday homes.
Connectivity
Airport
The nearest airport to Kodlipet is Mangalore International Airport, which is approximately 160 km away.
Bus
Kodlipet is well-connected by a network of state-run buses from major cities in Karnataka.
Train
The closest railway station is Hassan Railway Station, which is approximately 70 km from Kodlipet.
Road
Kodlipet is connected by National Highway 275 which links Mysore and Mangalore.
Social Infrastructure
Educational Institutions
Notable educational institutions include the Kodlipet Public School and Sri Ramakunjeshwara College. For medical services, residents rely on the local government hospital and several private clinics.
Hospitals
Major hospitals in Kodlipet include Kodlipet Government Hospital and Kodlipet Primary Health Centre.
Crime Rate
Kodlipet has a low crime rate, reflecting the overall safety of the region.
Geography
Soil
The soil in Kodlipet is mainly lateritic and red loamy, suitable for crops like coffee and paddy.
Topography
The topography of Kodlipet is characterized by undulating hills and valleys.
Altitude
Kodlipet is located at an average altitude of approximately 800 meters above sea level.
Flora & Fauna
The region is rich in biodiversity with a variety of flora and fauna found in the coffee plantations and the nearby Pushpagiri Wildlife Sanctuary.
Climate
Season at a Glance
Kodlipet experiences a tropical climate with heavy rainfall during monsoon (June to September), cool winters (October to February) and moderate summers (March to May).
Rainfall
The region receives an average annual rainfall of around 2500 mm.
Temperature
The temperature in Kodlipet varies from a minimum of 10°C in winter to a maximum of 35°C in summer.
Real Estate Trends
Rental Yield
The rental yield in Kodlipet is approximately 3-4% per annum.
Capital Appreciation
The capital appreciation in Kodlipet real estate market is around 5-6% annually.
Average Price per sq.ft
The average price per sq.ft in Kodlipet is around INR 2,500.
Demand & Supply Dynamics
Kodlipet, situated in the Kodagu district of Karnataka, is experiencing a growing demand for residential and agricultural properties. The market offers a variety of options, including independent houses, farmland, and residential plots, catering to diverse buyer interests.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
The area features agricultural lands, including coffee estates, as well as residential properties like individual houses and plots.
Revenue Potential
The revenue potential is moderate due to steady demand and modest rental yields.
Occupancy Rate
The occupancy rate for rental properties is around 70-80% annually.
ADR
The Average Daily Rate (ADR) for AirBnb listings in Kodlipet is around INR 2,000.
RevPar
The Revenue Per Available Room (RevPAR) for AirBnb listings is around INR 1,500.
Investment Guide
1. Investing in agricultural land can yield good returns due to the thriving coffee cultivation.
2. The growing trend of homestays and holiday homes presents promising investment opportunities.
3.The steady appreciation of property prices indicates a healthy real estate market for long-term investment.
Places to Visit
50 km | A forest park with a bamboo grove, deer park, and boating facilities.
45 km | A serene and popular trekking spot, known for its lush green landscapes and breathtaking views
28 km | A historic fort offering panoramic views of the Western Ghats
50 km | A forest park with a bamboo grove, deer park, and boating facilities.