Ranikhet
Ranikhet is a serene and picturesque hill station in the northern Indian state of Uttarakhand, known for its panoramic views of the majestic Himalayas, lush green landscapes, and rich cultural heritage.
About the location
Overview
Nestled in the Kumaon Hills at an altitude of 1,869 meters above sea level, Ranikhet is an important military station of the Kumaon Regiment in the Indian Army. Founded by the British Raj in 1869, the town retains its old-world charm with century-old churches, cantonment area, and colonial-era bungalows. The location's significance lies in its breathtakingly beautiful landscapes and tranquil environment, making it a perfect retreat for nature lovers and peace seekers.
The Lifestyle
Ranikhet offers a slow-paced, tranquil lifestyle amidst lush greenery and cool mountain air. The community consists of a mix of locals, military personnel, and tourists. The local population predominantly follows Hinduism and their culture is a blend of Kumaoni and Garhwali traditions. Festivals like Basant Panchami, Harela, and Bikhauti are celebrated with great enthusiasm.
Attributes
Serene Hill Station | Breathtaking Himalayan Views | Rich Cultural Heritage | Military Cantonment | Abundant Flora and Fauna | Year-round Pleasant Climate
You're sure to adore
The charm of Ranikhet lies in its untouched natural beauty and panoramic views of the Himalayan range. The town's calm and serene atmosphere, away from the hustle and bustle of city life, is truly rejuvenating. The rich cultural heritage, manifested in local festivals, traditions, and cuisine, adds to its allure.
The Market
The real estate market in Ranikhet is growing steadily with a focus on residential properties like independent houses, villas, and apartments. The price range for properties varies from INR 3,000 to INR 5,000 per sq ft. The market has seen a steady appreciation due to increasing demand from people looking for second homes and investment properties in hill stations.
Connectivity
Airport
The nearest airport to Ranikhet is Pantnagar Airport, approximately 110 km away.
Bus
Ranikhet is well connected by road and regular bus services are available from nearby cities like Delhi, Nainital, and Almora.
Train
The nearest railway station is Kathgodam, located approximately 75 km away.
Road
Ranikhet is connected by national highway NH109.
Social Infrastructure
Educational Institutions
Some notable educational institutions in Ranikhet include Birla Boys' School, Ashok Hall Girls' Residential School, and Government Inter College. The town has several reputed hospitals like Ranikhet Hospital and Base Hospital.
Hospitals
Primary healthcare facilities are provided by Ranikhet Government Hospital and Mahatma Gandhi Government Hospital.
Crime Rate
Ranikhet is generally considered safe with a low crime rate, largely due to its status as a military cantonment.
Geography
Soil
The soil in Ranikhet is fertile, loamy and well-drained, suitable for horticulture and agriculture.
Topography
Ranikhet is located on a ridge, offering panoramic views of the Himalayan range.
Altitude
The altitude of Ranikhet is approximately 1,869 metres above sea level.
Flora & Fauna
Ranikhet is home to various species of flora and fauna, including oak, pine, deodar trees, and wildlife like leopard, barking deer and Himalayan black bear.
Climate
Season at a Glance
Ranikhet experiences a mild summer, chilly winter and a moderate monsoon. The best time to visit is from March to June and September to November.
Rainfall
Ranikhet receives an average annual rainfall of approximately 1400mm.
Temperature
The temperature in Ranikhet ranges from an average low of -3°C in winter to an average high of 22°C in summer.
Real Estate Trends
Rental Yield
The average rental yield in Ranikhet ranges from 2-3% annually.
Capital Appreciation
The capital appreciation in real estate in Ranikhet is around 5-7% per annum.
Average Price per sq.ft
The average price per sq.ft in Ranikhet varies from INR 2,500 to INR 4,500.
Demand & Supply Dynamics
The demand for properties in Ranikhet is moderate, with a steady supply of new properties coming into the market.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 200 Airbnb listings in Ranikhet, consisting mainly of homestays, cottages, and guesthouses.
Revenue Potential
The revenue potential is high due to Ranikhet's appeal as a holiday destination, especially during the summer months.
Occupancy Rate
The average occupancy rate is around 60% annually, with peak occupancy during the summer months.
ADR
The average daily rate (ADR) for accommodations in Ranikhet ranges from INR 1,500 to INR 5,000.
RevPar
The revenue per available room (RevPAR) in Ranikhet is approximately INR 1,000 on average.
Investment Guide
1. Consider investing in independent houses or villas for good rental yields. 2. Proximity to popular tourist spots can increase rental income. 3. Buying property in emerging residential areas can promise better price appreciation in the long run.
Places to Visit
52.5 km | Famous spiritual retreat attracting devotees worldwide for peace and blessings.
62 km | Ancient hilltop temple with panoramic views and spiritual significance.
57.6 km | Scenic hill station known for cultural heritage, markets, and Himalayan views.
52.5 km | Famous spiritual retreat attracting devotees worldwide for peace and blessings.