Madakkal
Madakkal, a serene village located in the state of Kerala, India.
Location Information
Overview
Madakkal is a beautiful village in the northern part of Kerala, known for its lush greenery, peaceful ambiance, and slow-paced life. It's located in the Kannur district, which is famous for its rich culture and history. The village is surrounded by scenic landscapes, including hills, rivers, and vast fields.
The Lifestyle
The lifestyle in Madakkal is laid-back and serene, with a strong sense of community. People here largely depend on agriculture and traditional cottage industries. The local residents are known for their hospitality and traditional Kerala cuisines.
Attributes
Madakkal is characterized by its pristine natural beauty, rich cultural heritage, and peaceful ambiance. The village is also known for its traditional Kerala architecture and local festivals.
You're sure to adore
The simplicity and tranquility of the village, the warm-hearted people, traditional Kerala cuisines and festivals, and the beautiful landscapes.
The Market
The local market in Madakkal primarily deals with agricultural products. The real estate market is still developing with properties ranging from traditional Kerala style homes to more modern structures.
Connectivity
Airport
The nearest airport is Calicut International Airport, which is approximately 115 kilometers away.
Bus
Madakkal is well-connected by state-run and private buses with nearby towns and cities.
Train
Madakkal is well-connected by state-run and private buses with nearby towns and cities.
Road
Madakkal is well-connected by state-run and private buses with nearby towns and cities.
Social Infrastructure
Educational Institutions
Madakkal houses several local schools and colleges, including the Government Higher Secondary School and Sree Narayana College.
Hospitals
The primary healthcare facility in the village is the Madakkal Government Hospital.
Crime Rate
The crime rate in Madakkal is relatively low, similar to many other rural areas in Kerala.
Geography
Soil
The soil in Madakkal is fertile and conducive for agriculture, primarily used for cultivating rice, coconut, and spices.
Topography
The village is characterized by its varied topography, featuring hills, rivers, and fertile plains.
Altitude
Madakkal is located at an altitude of approximately 50 meters above sea level.
Flora & Fauna
The region is home to a variety of flora and fauna, including tropical trees, spices, birds, and small mammals.
Climate
Season at a Glance
Madakkal experiences a tropical monsoon climate with a dry season from December to February and a wet season from June to September.
Rainfall
The average annual rainfall in Madakkal is around 3000 mm.
Temperature
The average temperature ranges from 25°C to 35°C throughout the year.
Real Estate Trends
Rental Yield
The rental yield in Madakkal is around 3-5%.
Capital Appreciation
Owing to the serene location and increasing tourism, the capital appreciation is around 5-7% per annum.
Average Price per sq.ft
The average price per sq.ft for residential properties in Madakkal ranges from INR 2,500 to INR 3,500.
Demand & Supply Dynamics
With increasing interest in rural tourism, the demand for properties in Madakkal is gradually rising. However, the supply is still limited.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are around 10-15 AirBnb listings in Madakkal, mainly traditional homestays and cottages.
Revenue Potential
The revenue potential for rental properties in Madakkal is promising due to the increasing interest in rural and cultural tourism.
Occupancy Rate
The average occupancy rate for rental properties in Madakkal is around 60-70%.
ADR
The average daily rate (ADR) for AirBnb listings in Madakkal is around INR 1,500 to INR 2,500.
RevPar
The revenue per available room (RevPAR) is approximately INR 1,000 to INR 1,750.