Pangot
A tranquil hill station known for its rich biodiversity, scenic landscapes, and serene ambience.
Location Information
Overview
Pangot, located just 15 km from Nainital, is a quiet hamlet in the state of Uttarakhand, India. It is nestled in the Kumaon Hills and is renowned for its rich biodiversity and beautiful landscapes. Historically a summer retreat for the British, Pangot is now a popular destination for bird watchers, photographers, and nature enthusiasts.
The Lifestyle
The community in Pangot is a harmonious blend of locals and visitors. The lifestyle is primarily rural with a focus on agriculture, and locals are known for their warm hospitality. Traditional Kumaoni culture is evident in the day-to-day life, and community festivals often attract visitors.
Attributes
Tranquil Ambience | Rich Biodiversity | Scenic Landscapes | Bird Watching Haven | Proximity to Nainital | Adventurous Trekking Trails
You're sure to adore
If you're a nature lover, you're sure to adore Pangot's serene landscapes and rich biodiversity. The location is particularly famous for bird watching, with over 200 species of birds native to the area. Furthermore, the fantastic view of the Himalayan peaks makes this place an absolute delight for photographers.
The Market
Real estate in Pangot is in growing demand due to its increasing popularity as a tourist destination. The price range for properties varies from INR 35 lakhs to INR 1.5 crores, depending on the size, location, and amenities.
Connectivity
Airport
The nearest airport to Pangot is Pantnagar Airport, approximately 91km away.
Bus
Buses are available from Haldwani and Nainital to Pangot, providing frequent connectivity.
Train
The nearest railway station is Kathgodam, situated about 50km from Pangot.
Road
Pangot is well-connected by road, the nearest highway being NH109.
Social Infrastructure
Educational Institutions
While there are several small local schools, the nearest major educational institutions are in Nainital. The closest major hospital is also in Nainital, which is about a half-hour drive from Pangot.
Hospitals
Primary health care in Pangot is provided by local clinics, the nearest major hospital being B.D. Pandey Hospital in Nainital.
Crime Rate
Pangot enjoys a relatively low crime rate, making it a safe destination for tourists and residents alike.
Geography
Soil
The soil in Pangot is primarily mountainous, suitable for growing fruits and vegetables.
Topography
Pangot is situated in the Kumaon Hills with a hilly and forested landscape.
Altitude
Pangot is situated at an altitude of approximately 6,300 feet above sea level.
Flora & Fauna
Pangot is home to oak and rhododendron trees and a wide variety of birds.
Climate
Season at a Glance
Pangot experiences a cool and pleasant climate throughout the year, with snowfall in winter.
Rainfall
Pangot receives moderate rainfall, mostly during the monsoon season from July to September.
Temperature
The temperature in Pangot ranges from 2°C in winter to 27°C in summer.
Real Estate Trends
Rental Yield
Rental yield is moderate with potential for growth due to increasing tourism.
Capital Appreciation
Capital appreciation is steady as Pangot is emerging as a tourist destination.
Average Price per sq.ft
The average price per sq.ft for residential property is around INR 3,000.
Demand & Supply Dynamics
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 20 Airbnb listings in Pangot, mainly cottages and homestays.
Revenue Potential
Revenue potential is high due to increasing tourism and the popularity of homestays.
Occupancy Rate
Occupancy rate is high during peak tourist season and festivals, averaging around 70% annually.
ADR
The Average Daily Rate for an Airbnb listing in Pangot is around INR 3,000.
RevPar
Revenue Per Available Room (RevPAR) is approximately INR 2,100 considering the average occupancy rate.
Investment Guide
1. Investing in a rental property could yield significant returns due to the increasing tourist inflow. 2. Consider investing in under-construction properties for higher appreciation.
3. Properties with a good view or close to popular tourist spots can fetch higher rental income.
Places to Visit
60 km I Hilltop offering panoramic views of Nainital
62 km I Sacred pilgrimage site.
60 km I Famous for boating and scenic views,
60 km I Hilltop offering panoramic views of Nainital