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Kollur

Kollur, a serene spiritual destination nestled amidst the verdant Western Ghats in Karnataka, India, famed for its Mookambika Temple.

Location Information

 Location Information

Overview

The real estate market in Kollur is primarily driven by the tourism sector, with many properties being used for lodging and guest houses. The price ranges from INR 2,000 to 3,500 per sqft, showing steady growth due to the consistent influx of pilgrims.

The Lifestyle

The residents of Kollur lead a peaceful and traditional lifestyle, heavily influenced by the temple culture. The community is closely knit and thrives on the pilgrimage tourism, with many locals involved in providing services like lodging, food, and transportation to the visitors.

Attributes

Spirituality | Scenic Beauty | Warm Hospitality | Rich Cultural Heritage | Pilgrimage Tourism

You're sure to adore

The tranquility and spiritual vibrancy of Kollur is truly captivating. The town's close proximity to the stunning Western Ghats and the serenity of the Mookambika Wildlife Sanctuary make it a unique combination of religious and natural attraction.

The Market

Kollur is a developing market with a mix of residential and commercial properties. The demand for real estate is steady in this area due to its strategic location and ongoing infrastructure developments.

Connectivity

Airport

The nearest airport to Kollur is the Mangalore International Airport, which is approximately 140 km away.

Bus

Kollur is well connected by bus services. The Karnataka State Road Transport Corporation (KSRTC) provides frequent services to various cities and towns.

Train

The nearest railway station is at Byndoor, about 28 km away from Kollur.

Road

The National Highway 66 (NH66) passes through Kundapur which is about 28 km away from Kollur.

Social Infrastructure

Educational Institutions

Key educational institutes include Government Higher Primary School and Kasturba Residential School. For healthcare, the Government Hospital in Kollur provides basic medical services.

Hospitals

Kollur has few medical facilities including the Government Hospital Kollur and Primary Health Centre Kollur.

Crime Rate

Kollur enjoys a low crime rate, primarily due to its small size and the peaceful nature of its residents.

Geography

Geography

Soil

The soil in Kollur is predominantly lateritic, suitable for cultivation of crops like paddy, coconut, and areca nut.

Topography

Kollur is located in the foothills of the Western Ghats, with undulating terrain and lush green landscapes.

Altitude

The town is located at an approximate elevation of 80 meters above sea level.

Flora & Fauna

Kollur is surrounded by dense forests, home to various species of birds, animals, and plants. The Mookambika Wildlife Sanctuary is a biodiversity hotspot in the region.

Climate

Climate

Season at a Glance

Kollur experiences a tropical monsoon climate with summers from March to May, monsoons from June to September, and winters from October to February.

Rainfall

The average annual rainfall in Kollur is approximately 4000 mm.

Temperature

The temperature in Kollur varies from 20°C to 35°C throughout the year.

Real Estate Trends

Real Estate Trends

Rental Yield

The average rental yield in Kollur is around 3-4% per annum.

Capital Appreciation

The capital appreciation for properties in Kollur has been steady, with an average increase of 5-6% annually over the last few years.

Average Price per sq.ft

The average price per square foot for properties in Kollur ranges from INR 1,500 to INR 2,500.

Demand & Supply Dynamics

The demand for properties in Kollur is driven by its religious significance and growing infrastructure. The supply is mostly in the form of residential plots, independent houses, and apartments.

Short Term Rental Trends

Short Term Rental Trends

Types of Assets (No. of AirBNB Listings)

There are limited Airbnb listings in Kollur, most of them being homestays and guesthouses.

Revenue Potential

The revenue potential in Kollur's real estate market is promising due to its steady demand and capital appreciation.

Occupancy Rate

The average occupancy rate for rental properties in Kollur is around 60-70% annually.

ADR

The average daily rate for Airbnb listings in Kollur ranges from INR 1,000 to INR 2,500.

RevPar

The revenue per available room in Kollur is approximately INR 700 to INR 1,750, considering the occupancy rate and ADR.

Investment Guide

Investment Guide

1. Investing in properties near the temple can yield good returns due to high tourist influx.
2. Consider investing in hospitality sector as the town attracts a steady stream of pilgrims.
3. The development of eco-tourism activities can provide opportunities for investment in guest houses and lodges offering nature-based experiences.

Places to Visit

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