Madikeri
Madikeri, a tranquil hill station in Karnataka known for its lush green landscape, coffee plantations, and historical sites.
About the location
Overview
Madikeri, also known as Mercara, is the district headquarters of Coorg (Kodagu) in Karnataka. Established in the 17th century by Muddu Raja, the town's verdant geography is characterized by rolling hills, dense forests, and coffee and spice plantations. Madikeri's significance lies in its rich history, cultural heritage, and as a popular tourist destination in South India.
The Lifestyle
The lifestyle in Madikeri is slow-paced and relaxed, closely tied to nature with agriculture and plantation farming being the predominant occupations. The community is a blend of diverse cultures, including the indigenous Kodavas, and is known for its warm hospitality, rich folklore, and distinctive cuisine.
Attributes
Embracing Nature | Rich History | Coffee Plantations | Distinctive Cuisine | Warm Hospitality | Vibrant Festivals
You're sure to adore
Madikeri's enchanting beauty with its lush landscapes and serene environment is sure to win hearts. The fragrance of coffee blossoms, the taste of the local cuisine, and the town's historic charm add to the unique allure of this place.
The Market
The real estate market in Madikeri is growing steadily with property prices ranging from INR 3,000 to 5,000 per sq ft. The demand for holiday homes and investment properties is on the rise due to its increasing popularity as a tourist destination.
Connectivity
Airport
The nearest airport is Mangalore International Airport, about 140 km away.
Bus
Madikeri has a well-connected bus network with frequent services to major cities like Bangalore, Mysore, and Mangalore.
Train
The closest railway station to Madikeri is in Mysore, approximately 120 km away.
Road
Madikeri is connected by the National Highway 275, providing easy access to Bangalore and Mysore.
Social Infrastructure
Educational Institutions
Prominent educational institutions include Coorg Institute of Technology and St. Michael's School. Major hospitals include Kodagu Institute of Medical Sciences and Vivekananda General Hospital.
Hospitals
Some of the major hospitals in Madikeri include the Kodagu Institute of Medical Sciences and the Ashwini Hospital.
Crime Rate
Madikeri is considered relatively safe with a low crime rate compared to other Indian cities.
Geography
Soil
The soil in Madikeri is rich and loamy, suitable for coffee and spice plantations.
Topography
The topography of Madikeri is hilly with lush green forests, coffee plantations, and waterfalls.
Altitude
Madikeri is situated at an altitude of 1150 meters above sea level.
Flora & Fauna
Madikeri boasts of rich biodiversity with varieties of flora including coffee, teak and sandalwood trees, and fauna like elephants, leopards, and a variety of birds.
Climate
Season at a Glance
Madikeri has a tropical highland climate with a monsoon season from June to September, winter from December to February, and mild summer from March to May.
Rainfall
The average annual rainfall in Madikeri is approximately 2700 mm.
Temperature
The temperature in Madikeri ranges from 15°C to 28°C throughout the year.
Real Estate Trends
Rental Yield
The average rental yield in Madikeri is around 3-4%.
Capital Appreciation
The real estate market in Madikeri has seen steady capital appreciation of 5-6% annually in recent years.
Average Price per sq.ft
The average price per sq.ft in Madikeri is approximately INR 3,500.
Demand & Supply Dynamics
The demand for residential properties in Madikeri is steady, with a growing interest in holiday homes and villas.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are around 300 Airbnb listings in Madikeri, with a majority being homestays and villas.
Revenue Potential
The revenue potential is high for properties near tourist attractions and with amenities like a view or access to plantation tours.
Occupancy Rate
The average occupancy rate of Airbnb properties in Madikeri is about 60-70%.
ADR
The average daily rate for Airbnb properties in Madikeri is around INR 3,000.
RevPar
The revenue per available room (RevPAR) in Madikeri is around INR 2,000.
Investment Guide
1. Consider investing in properties near tourist attractions for higher rental yields.
2. Look for properties in areas with good road connectivity.
3. Investing in agricultural land for coffee and spice cultivation can yield good returns.
Places to Visit