Marchula Village
A serene hamlet nestled in the foothills of the Himalayas, known for its rich biodiversity and tranquility.
Location Information
Overview
The real estate market in Marchula is in a nascent stage with a focus on eco-friendly resorts and homestays. With prices ranging from INR 30-50 lakhs for plots, there is potential for growth due to increasing interest in eco-tourism.
The Lifestyle
The lifestyle in Marchula is simple and traditional, reflecting the rustic charm of Himalayan life. The community is small and tightly-knit, with agriculture and tourism forming the backbone of the local economy. Festivals, folk music, and dance form an integral part of their culture.
Attributes
Tranquil Environment | Rich Biodiversity | Proximity to Jim Corbett National Park | Engaging Local Culture | Scenic Beauty | Eco-tourism Potential
You're sure to adore
The tranquility and natural beauty of Marchula, combined with its rich biodiversity and Himalayan charm, make it an irresistible destination for nature lovers. Its proximity to Jim Corbett National Park offers a unique opportunity to explore India's wildlife.
The Market
Marchula village is a small rural market with basic amenities. Local produce, groceries and hand-made crafts are predominantly sold.
Connectivity
Airport
The nearest airport is Pantnagar Airport, approximately 120 km away.
Bus
Marchula is connected by state-run bus services from nearby towns like Ramnagar.
Train
Marchula is connected by state-run bus services from nearby towns like Ramnagar.
Road
Marchula is connected by state-run bus services from nearby towns like Ramnagar.
Social Infrastructure
Educational Institutions
Local schools serve the educational needs of the community. For advanced healthcare services, residents usually travel to Ramnagar or Haldwani.
Hospitals
Primary Health Centre, Marchula is the nearest healthcare facility. For advanced healthcare, residents rely on hospitals in Ramnagar.
Crime Rate
As a small and close-knit community, crime rates in Marchula are significantly lower than the national average.
Geography
Soil
The soil in Marchula is fertile, suitable for agriculture and rich in minerals.
Topography
The village is located in hilly terrain with the lush green forest and the Ramganga River flowing through it.
Altitude
Marchula is approximately 400 meters above sea level.
Flora & Fauna
The village is surrounded by dense forests which are home to a variety of flora and fauna, including several species of birds, deer, and elephants.
Climate
Season at a Glance
Summers are moderate (March-June), monsoons (July-September) are heavy, and winters (October-February) are cold with occasional snowfall.
Rainfall
The average annual rainfall is about 1400 mm.
Temperature
The temperature varies from 5°C in winters to 30°C in summers.
Real Estate Trends
Rental Yield
Expect about 3-4% rental yield for properties in this area.
Capital Appreciation
Real estate has seen a slow appreciation due to its remote location and limited demand.
Average Price per sq.ft
Approximately INR 2,000 - 3,000 per sq.ft.
Demand & Supply Dynamics
The demand mainly stems from tourism, with supply limited due to conservation regulations.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are about 10-12 Airbnb listings, mostly forest resorts and homestays.
Revenue Potential
Revenue mainly comes from tourism, especially during the peak season of November to June.
Occupancy Rate
Average occupancy rate is around 60%, reaching up to 80% during peak season.
ADR
The Average Daily Rate for properties is about INR 3,000 - 5,000.
RevPar
Revenue Per Available Room averages around INR 1,800 - 3,000.
Investment Guide
1. Consider investing in eco-friendly resort or homestay properties due to the region's eco-tourism potential. 2. Land prices are relatively low, offering good potential for appreciation. 3. The region's tranquility and natural beauty make it an appealing second-home destination.