Shimla
Shimla, the enchanting Queen of Hills, known for its colonial architecture, panoramic views, and an agreeable climate.
About the location
Overview
Shimla, the capital of Himachal Pradesh, is nestled in the northwestern part of the Himalayan Mountain Range. Established by the British as a summer retreat, it still retains its colonial-era charm with its historical buildings and churches. With its strategic location, Shimla serves as an important tourism and trade hub.
The Lifestyle
Shimla's lifestyle is a blend of traditional hill culture and modern urban sophistication. The community here is welcoming, with locals majorly involved in tourism, agriculture, and government services. Festivals like Summer Festival, Ice Skating Carnival, and Rhyali Festival are celebrated with great enthusiasm.
Attributes
Panoramic Mountain Views | Colonial Architecture | Pleasant Climate | Vibrant Culture and Festivals | Thriving Tourism | Rich Flora and Fauna
You're sure to adore
The enchanting beauty of Shimla with its snow-capped mountains and lush greenery is irresistible. Its charming colonial architecture, including the iconic Christ Church and Viceregal Lodge, add to the city's allure.
The Market
The real estate market in Shimla has seen steady growth over the years. Property prices range from INR 4,000 to 12,000 per sq ft, depending on the location. Luxury villas and apartments are the preferred choices for second homes and vacation rentals.
Connectivity
Airport
Shimla Airport, a small domestic airport located in Jubbarhatti, 22 kms from Shimla.
Bus
Interstate Bus Terminus (ISBT) Shimla, offering regular services to various cities in North India.
Train
Shimla Railway Station, part of the UNESCO World Heritage Kalka-Shimla Railway.
Road
National Highway 5 passes through Shimla, connecting it to major cities.
Social Infrastructure
Educational Institutions
Notable educational institutions include Indian Institute of Advanced Study, Himachal Pradesh University, and St. Bede's College. Major hospitals are Indus Hospital, Ripon Hospital, and Fortis Hospital.
Hospitals
Indira Gandhi Medical College and Hospital, Ayurvedic Hospital, and Deen Dayal Upadhyay Hospital are primary healthcare facilities.
Crime Rate
Shimla has a relatively low crime rate with occasional reports of petty crimes like theft or burglary.
Geography
Soil
Sandy loam soil, suitable for apple cultivation.
Topography
Mountainous region with valleys, located in the south-western ranges of the Himalayas.
Altitude
Approximately 2,276 meters above sea level.
Flora & Fauna
Rich in deodar, pine, oak forests. Wildlife includes monkeys, jackals, leopards, and various bird species.
Climate
Season at a Glance
Peak tourist seasons are March to June (summer) and November to February (winter).
Rainfall
Average annual rainfall is about 1,575 mm, mostly during monsoons (July to September).
Temperature
Summer (15°C to 30°C), Winter (-1°C to 10°C).
Real Estate Trends
Rental Yield
Residential: 3-4%, Commercial: 6-8%.
Capital Appreciation
Moderate (3-5% annually), due to consistent tourist influx.
Average Price per sq.ft
Residential: INR 5,000 to INR 12,000, Commercial: INR 10,000 to INR 25,000.
Demand & Supply Dynamics
High demand for holiday homes & rentals, supply limited due to hilly terrain.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
Shimla primarily offers luxury holiday homes, hillside cottages, and boutique villas designed for both vacation living and rental income.
Revenue Potential
High, particularly during peak tourist seasons.
Occupancy Rate
About 60% annually, peaking up to 90% during tourist seasons.
ADR
Approximately INR 2,500 to INR 5,000 per night for a standard property.
RevPar
Approximately INR 1,500 to INR 3,000 per available room.
Investment Guide
1. Considering the tourism potential, investing in vacation rentals can yield good returns. 2. Properties with good views and accessibility can appreciate well. 3. Understanding local property laws is essential as there are restrictions for non-Himachal residents.
Places to Visit
3 km | The heart of Shimla's social and commercial life, lined with colonial-era architecture
14.2 km | Popular hill station and adventure sports hub known for skiing, hiking, and panoramic Himalayan views
7.7 km | Scenic waterfall in a forested setting popular for picnics and trekking
3 km | The heart of Shimla's social and commercial life, lined with colonial-era architecture