Mukteshwar
Mukteshwar, a serene hill station in Uttarakhand, famous for its magnificent temples, panoramic Himalayan views, and rich biodiversity.
Location Information
Overview
The real estate market in Mukteshwar is on a growth trajectory due to increasing demand for second homes and vacation properties. The price range for residential properties varies from INR 4,000 to INR 8,000 per sq. ft., depending on the location and amenities.
The Lifestyle
The residents of Mukteshwar lead a simple yet fulfilling life. The community is primarily engaged in agriculture, with apple orchards being a common sight. Tourism also forms a significant part of the local economy. The lifestyle reflects a perfect blend of traditional ethos and modernity, with festivals like Holi, Diwali, and Makar Sankranti celebrated with great enthusiasm.
Attributes
Serene Hill Station | Spiritual Hub | Panoramic Himalayan Views | Rich Biodiversity | Apple Orchards | Educational and Research Institutes
You're sure to adore
The tranquility and natural beauty of Mukteshwar are unparalleled. It's the perfect place to unwind, with a pleasant climate, lush green landscapes, and the beautiful backdrop of the Himalayas. The rich cultural heritage and the warmth of the local people add to its charm.
The Market
The local market in Mukteshwar is filled with shops that sell locally made handicrafts, organic products, and fresh fruits. The popular markets are Kilmora Shop and Mukteshwar Dham Market.
Connectivity
Airport
The nearest airport to Mukteshwar is Pantnagar Airport, located approximately 100 km away.
Bus
Regular bus services connect Mukteshwar with major cities like Delhi, Nainital, and Haridwar.
Train
Kathgodam Railway Station, approximately 63 km away, is the nearest railway station to Mukteshwar.
Road
The town is well-connected by the NH 109 and other major roads.
Social Infrastructure
Educational Institutions
Public Inter College and G.I.C Mukteshwar are the educational institutions in the area. For healthcare, the Krishna Hospital and Mukteshwar Veterinary Hospital are available.
Hospitals
The main healthcare facility in the region is the Mukteshwar Ayurvedic Hospital.
Crime Rate
Mukteshwar has a relatively low crime rate, contributing to a peaceful and secure environment for residents and tourists alike.
Geography
Soil
The soil in Mukteshwar is loamy and well-drained, suitable for horticulture, especially apple orchards.
Topography
Mukteshwar is located at a high altitude, surrounded by a hilly landscape and lush green forest.
Altitude
Mukteshwar is situated at an altitude of 2,286 meters above sea level.
Flora & Fauna
The region is rich in pine, oak, and rhododendron trees. It houses animals like mountain deer, wild boar, and a variety of Himalayan birds.
Climate
Season at a Glance
Summers are pleasant, monsoons are moderate, and winters are cold with occasional snowfall.
Rainfall
Mukteshwar receives an average annual rainfall of 1,150 mm.
Temperature
The average temperature ranges from 1°C in winter to 25°C in summer.
Real Estate Trends
Rental Yield
The average rental yield in the area is around 3-4%.
Capital Appreciation
The real estate in the area has seen a capital appreciation of approximately 5-6% annually.
Average Price per sq.ft
The average price per square foot for properties in Mukteshwar is around INR 3,500.
Demand & Supply Dynamics
There is a steady demand for holiday homes and investment properties in Mukteshwar. Supply is moderate, keeping prices stable.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 50-60 Airbnb listings in Mukteshwar, mainly private rooms and entire homes.
Revenue Potential
The revenue potential is strong due to the area's popularity as a tourist destination, with higher revenues during the peak tourist season.
Occupancy Rate
The average occupancy rate for rental properties is around 55-60%, with peaks during the summer and winter months.
ADR
The average daily rate (ADR) for Airbnb listings is around INR 3,000.
RevPar
The revenue per available room (RevPAR) in Mukteshwar is approximately INR 1,800.
Investment Guide
1. Investing in vacation properties can yield good returns due to the increasing popularity of Mukteshwar as a tourist destination.
2. Properties with a view of the Himalayas command a higher price.
3. Consider properties near key attractions for better rental yields.
Places to Visit
8.5 km I Colonial bungalows and nature trails.
27 km I Ashram of Neem Karoli Baba.
43 km I Boating, cafes, Mall Road.
8.5 km I Colonial bungalows and nature trails.