Best Locations to Buy Commercial Land in South Indian Hill stations
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Have you wondered how hill stations are different from cities? A major difference lies in their economy. While the economy of cities is driven majorly by manufacturing and services, the economy of hill stations is driven by tourism. While offices and warehouses contribute to a chunk of commercial properties in cities; shops, hotels and lodges are the most prevalent commercial properties in hill stations.
Although the pandemic situation has impacted the tourism industry, travel companies are bullish about the revival of the sector in near future. That having said, tourism is an evergreen industry. The tourist count to hill stations has been growing year on year. This is true for South Indian hill stations too. This has resulted in an increasing demand for commercial properties. A closer look at the commercial property market in hill stations reveals a fact. Although business in hill stations is seasonal, it fetches the same revenue equivalent to a year’s business in cities.
Thus, people who own commercial built-up properties in hill stations rarely sell them as they enjoy the benefit of greater revenue in a shorter span of time. This limits the availability of built-up commercial properties in the market. The ones that come for sale are sold almost immediately. In such a case, what can be an alternative? You guessed it right! It is none other than commercial land. Buying commercial land is affordable in short term and financially rewarding in long term. The buying process for commercial land is less complicated as compared to buying a built-up commercial property. Thus, a lot of budding entrepreneurs are investing in commercial land. What are the top localities in which one can buy commercial land? We are going to explore the different location options available in South Indian hill stations.
Kodaikanal: The average maximum temperature is 18.6 °C and the average minimum temperature is 14.2 °C. If you are looking to purchase commercial land for sale in Kodaikanal, the best locations are around Kodai lake, botanical garden, Coakers walk, green valley and inside Kodaikanal town. The average price of commercial land in Kodaikanal is Rs. 1,352 / Sq. ft
Ooty: The average maximum temperature is 16.6 °C and the average minimum temperature is 12.4 °C. In the case of commercial land for sale in Ooty, Charring cross, Ettines Road, Commercial road, Ottley road, Garden Road, Higgins Road, Wenlock road and Walsham road are popular places to choose. The average price of commercial land in Ooty is Rs. 6,191 / Sq. ft
Gudalur: The average maximum temperature is 24.3 °C and the average minimum temperature is 20 °C. Commercial land for sale in Gudalur is best bought in Sulthan Bathery Road, Ooty road and Mysore road. The starting price of commercial land in Gudalur is Rs. 57 / Sq. ft
Coonoor: The average maximum temperature is 19.6 °C and the average minimum temperature is 13.9 °C. Commercial land for sale in Coonoor is typically available in places near SIMS Park, Bedford circle and in Mount road, Disancherry road, TDK Pillai road, and Mount Pleasant road. The average price of commercial land in Coonoor is Rs. 918 / Sq. ft
Yelagiri: The average maximum temperature is 26.8 °C and the average minimum temperature is 19.5 °C. Murugan Temple Road, Yelagiri Road, Albert Newman Road, Nilavoor Road and the vicinity of Stream Side, Rose garden and Thrill Valley, are ideal locations to buy commercial land for sale in Yelagiri. The average price of commercial land in Yelagiri is Rs. 1,135 / Sq. ft
Yercaud: The average maximum temperature is 24.1 °C and the average minimum temperature is 18 °C. When it comes to buying commercial land for sale in Yercaud, we have Montfort road, Titch square, Dandelion road, Lake road, Hill church road, Lovers lane and Pagoda point road as go-to places. The average price of commercial land in Yercaud is Rs. 1,300/ Sq. ft
Courtallam: The average maximum temperature is 28.6 °C and the average minimum temperature is 24.8 °C. Much sought after places for purchasing commercial land for sale in Courtallam are near Peraruvi, Old Courtallam, five falls and Main falls. The starting price of commercial land in Courtallam is Rs. 125 / Sq. ft
Kolli Hills: The average maximum temperature is 24 °C and the average minimum temperature is 15.5 °C. Preferable areas for investing in commercial land for sale in Kolli Hills are the localities around Semmedu and Solakkadu. The starting price of commercial land in Kolli Hills is Rs. 230 / Sq. ft
Valparai: The average maximum temperature is 23.6 °C and the average minimum temperature is 19.9 °C. Wish to buy commercial land for sale in Valparai? Pollachi Valparai Road, Market Road, College Road, Valparai Athirapilli Road and Sirukundra Estate Road are noteworthy localities. The starting price of commercial land in Valparai is Rs. 200 / Sq. ft
Kotagiri: The average maximum temperature is 18.6 °C and the average minimum temperature is 13.4 °C. Discover a pleasant neighbourhood around Ramchand square, Nehru Park and in Kotta hall road, club road, Alports road, Avenue road and St Lukes Church road, when you purchase commercial land for sale in Kotagiri. The starting price of commercial land in Kotagiri is Rs. 149 / Sq. ft
Considering buying a commercial land?
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