Madhugiri
Madhugiri, a quaint town in Karnataka, is renowned for its monolithic hill and ancient fortress.
About the location
Overview
The real estate in Madhugiri is primarily residential with prices ranging from INR 1,000 to 3,000 per sq ft. The growth is steady due to the town's increasing popularity among nature lovers and history enthusiasts.
The Lifestyle
A peaceful town with a population dominated by the local Kannada speaking community, Madhugiri maintains a rural charm. Its people are involved in agriculture and small-scale industries. The community is known for its hospitality and rich cultural traditions, including vibrant festivals and folk arts.
Attributes
Monolithic Rock Hill | Madhugiri Fort | Rich Cultural Heritage | Agricultural Economy | Tranquil Lifestyle | Hospitable Community
You're sure to adore
Madhugiri is known for its serene environment and unique rock formations, making it a must-visit spot for nature lovers and adventure enthusiasts.
The Market
The local market in Madhugiri is known for its fresh produce, especially fruits, vegetables, and local handicrafts. The market is bustling with activity during the early morning hours.
Connectivity
Airport
The nearest airport to Madhugiri is Kempegowda International Airport in Bangalore, which is approximately 110 km away.
Bus
Madhugiri is well-connected by road. Regular bus services are available from Bangalore and other major cities in Karnataka.
Train
The nearest railway station is Gauribidanur, which is about 43 km from Madhugiri.
Road
The town is connected via National Highway 69, which ensures easy accessibility to other parts of the state.
Social Infrastructure
Educational Institutions
Prominent educational institutions include Government First Grade College and K.V.G. English School. For healthcare, there's the Government Hospital Madhugiri and several smaller clinics.
Hospitals
Madhugiri has several healthcare facilities including the Government Hospital Madhugiri and Shri Shridevi Hospital.
Crime Rate
The crime rate in Madhugiri is relatively low with minor incidents of theft being the most common.
Geography
Soil
The soil in Madhugiri is primarily red loamy soil, suitable for growing a variety of crops including grains and vegetables.
Topography
Madhugiri features a unique blend of flatlands, gentle slopes, and rocky terrains dominated by the Madhugiri hill.
Altitude
Madhugiri is located at an altitude of about 3930 feet above sea level.
Flora & Fauna
The area is home to diverse flora and fauna, including species like blackbucks, peafowls, and various local and migratory birds.
Climate
Season at a Glance
Madhugiri experiences a tropical climate with summer from March to May, monsoon from June to September, and winter from October to February.
Rainfall
The average annual rainfall in Madhugiri is about 600 mm.
Temperature
The temperature in Madhugiri ranges between 20°C and 35°C throughout the year.
Real Estate Trends
Rental Yield
The rental yield in Madhugiri is around 3-4% annually.
Capital Appreciation
The capital appreciation in Madhugiri is steady but slow, with an annual appreciation rate of 3-5%.
Average Price per sq.ft
The average price per sq.ft in Madhugiri ranges from INR 2,000 to INR 3,000.
Demand & Supply Dynamics
The demand for residential properties in Madhugiri is moderate, with a steady supply of properties in the market.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
Madhugiri is ideal for plotted developments, farmhouses, and eco-retreats due to its scenic hills, large land parcels, and proximity to Bengaluru. The area is increasingly popular for weekend homes and nature-based tourism investments.
Revenue Potential
Investment in residential properties in Madhugiri has good revenue potential due to the growing interest in eco-tourism and the town's proximity to Bangalore.
Occupancy Rate
The occupancy rate for rental properties in Madhugiri is around 70-75%.
ADR
The Average Daily Rate for Airbnb listings in Madhugiri is around INR 1,500.
RevPar
The Revenue Per Available Room (RevPAR) in Madhugiri is approximately INR 1,050.
Investment Guide
1. Consider investing in residential plots as they offer better appreciation.
2. Proximity to the monolithic hill or fort could fetch higher rental yields.
3. Given the town's growing popularity among trekkers and history enthusiasts, investing in hospitality services could be profitable.
Places to Visit
