Narendranagar
Narendranagar, a serene hill station known for its panoramic views, lush landscapes, and rich history.
Location Information
Overview
The real estate market in Narendranagar is growing due to increasing interest in wellness tourism and hill station properties. Prices for residential properties range from INR 2,500 to INR 4,000 per sq ft. The region shows promising growth potential.
The Lifestyle
The lifestyle in Narendranagar is simple and serene, reflecting the tranquil Himalayan spirit. The community, primarily of Garhwali people, is known for their warm hospitality. The town is also a wellness hub with several yoga and Ayurveda centers, including the renowned Ananda Spa.
Attributes
Tranquil Environment | Panoramic Views | Rich History | Wellness Hub | Warm Local Community
You're sure to adore
Narendranagar is a beautiful town located in the Tehri Garhwal district of Uttarakhand, known for its breathtaking natural beauty and serene environment.
The Market
The local market of Narendranagar is filled with small shops selling local handicrafts, organic products, and local food items, giving a glimpse of the local culture and lifestyle.
Connectivity
Airport
The nearest airport is Jolly Grant Airport in Dehradun, approximately 45 kilometers away from Narendranagar.
Bus
Narendranagar is well connected by a network of state-run and private buses with nearby cities like Rishikesh, Haridwar, and Dehradun.
Train
The nearest railway station is in Rishikesh, about 30 kilometers away from Narendranagar.
Road
Narendranagar is accessible via National Highway 7, which connects it to major cities in Uttarakhand and nearby states.
Social Infrastructure
Educational Institutions
Prominent institutions include Government Inter College, Narendranagar and Shri Guru Ram Rai Public School. For healthcare services, Government Hospital Narendranagar is the primary provider.
Hospitals
Notable hospitals in and around Narendranagar include Government Hospital Narendranagar and Ananda In The Himalayas Ayurvedic Treatment Centre.
Crime Rate
The crime rate in Narendranagar is low, making it a safe place for residents and tourists alike.
Geography
Soil
The soil in Narendranagar is primarily fertile loamy soil, suitable for agriculture.
Topography
Narendranagar is part of the Garhwal Himalayas and is characterized by hilly terrain with steep slopes and lush green valleys.
Altitude
The town is situated at an altitude of approximately 1,326 meters above sea level.
Flora & Fauna
Narendranagar is rich in diverse flora and fauna, including several species of birds, animals, and medicinal plants native to the Himalayan region.
Climate
Season at a Glance
The region experiences a subtropical highland climate with cool summers, mild winters, and heavy monsoon rainfall.
Rainfall
The average annual rainfall in Narendranagar is approximately 2000 mm.
Temperature
The temperature in Narendranagar ranges from 5°C in winter to 25°C in summer.
Real Estate Trends
Rental Yield
The rental yield in Narendranagar is approximately 3-4%, depending on the location and amenities.
Capital Appreciation
The capital appreciation in Narendranagar is moderate, with an annual appreciation rate of around 5-7%.
Average Price per sq.ft
The average price per square foot for a residential property in Narendranagar is around INR 2,500 to INR 3,500.
Demand & Supply Dynamics
The demand for properties in Narendranagar is steady, driven by its serene environment, natural beauty, and wellness retreats. The supply of properties is moderately high with a good balance between demand and supply.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
Narendranagar has a number of residential properties listed on Airbnb, including villas, cottages, and apartments, with around 50 listings.
Revenue Potential
The revenue potential for a property in Narendranagar is high due to its popularity as a wellness retreat and a peaceful holiday destination.
Occupancy Rate
The average occupancy rate for properties in Narendranagar is around 60-70% annually.
ADR
The Average Daily Rate (ADR) for an Airbnb property in Narendranagar ranges from INR 3,500 to INR 5,000.
RevPar
The Revenue Per Available Room (RevPAR) is approximately INR 2,100 to INR 3,500.
Investment Guide
1. Investing in wellness retreat properties can be profitable due to the growing wellness tourism.
2. Properties with panoramic views yield higher returns.
3. The growth potential of the region makes it an ideal place for long-term real estate investment.
Places to Visit
32 km I A historic ashram that attracted The Beatles in the 1960s, now a popular tourist and meditation site
27 km I A wildlife park with scenic trekking routes and wildlife safaris
30 km I Famous for its suspension bridge and temples, a major tourist and religious attraction
32 km I A historic ashram that attracted The Beatles in the 1960s, now a popular tourist and meditation site