Property & Land Price in Munnar Comparing to Major Cities
South India is a home to popular hill stations. Several of these beautiful places are situated in the state of Kerala. In this blog we are going to look at a historic hill station that has evolved to be a famous tourist spot. It hosts the confluence of three rivers; Yes Munnar!
Munnar’s history dates back to the year 1870. This hill station was discovered by John Daniel Munro, a British resident of the Travancore kingdom. Munnar was a part of the Poonjar royal family’s jenmam land. Munro was impressed by the plantation potential of this region and took the Kannan Devan Hills on lease from Kela Varma Raja of the Poonjar family. Does Kannan Devan ring a bell? Yes, this region was the birthplace of Tata’s brand of Kannan Devan tea.
Why Munnar? According to an online survey, Munnar features as the most popular hill station in Kerala. It is considered to be one of the best places to relax and rejuvenate. The blanket of tea plantations and floating clouds are a feast to the eyes. Why is Munnar significant in the time of Pandemic? Hill stations are less densely populated and so relatively safer places to live in. Munnar is no exception. Located in Idukki district, this hill station had a population of only 10.9 lakhs in 2018. This is about 1/10th of the population in big cities.
Munnar is well connected to major cities in Kerala and TamilNadu. It is now gaining significance as a residential real estate market. To understand where it stands, let us compare property prices in Munnar with major cities. The following data has been compiled from trusted sources on the internet as of April 2021.
Let’s begin with residential land price.
Land price in Munnar Vs Major Cities
The average price for residential plots in top localities in Trivandrum, Ernakulam, Kochi, and Coimbatore are as shown below. The respective areas considered are
- Trivandrum- Kowdiar
- Ernakulam - Chembumukku
- Kochi - Padamughal
- Coimbatore - Vadavalli
The prices are compared with average price in Munnar
The unit is in Rs. / sq. ft
Builder floor price in Munnar Vs Major Cities
The average price for builder floor in top localities in Trivandrum, Ernakulam, Kochi and Coimbatore are as shown below. The respective areas considered are
- Trivandrum- Kowdiar
- Ernakulam - Chembumukku
- Kochi - Padamughal
- Coimbatore - Vadavalli
The prices are compared with average price in Munnar
The unit is in Rs. / sq. ft
Apartment price in Munnar Vs major cities.
The average price for apartment in top localities in Trivandrum, Ernakulam, Kochi, Coimbatore are as shown below. The respective areas considered are
- Trivandrum- Kowdiar
- Ernakulam - Chembumukku
- Kochi - Padamughal
- Coimbatore - Vadavalli
The prices are compared with average price in Munnar
The unit is in Rs. / sq. ft
Independent houses / villa prices in Munnar Vs Major Cities
The average price for Independent house in top localities in Trivandrum, Ernakulam, Kochi and Coimbatore are as shown below. The respective areas considered are
- Trivandrum- Kowdiar
- Ernakulam - Chembumukku
- Kochi - Padamughal
- Coimbatore - Vadavalli
The prices are compared with average price in Munnar
The unit is in Rs. / sq. ft
What do we infer?
- Munnar is an economic real estate destination for people who wish to invest in a hill station in Kerala
When compared with Major cities, the property rate in Munnar is as given below
- One can buy land in Munnar/ buy plot in Munnar at approximately 23% of the price in the state capital (Trivandrum)
As compared to its nearest city,
- Builder floor prices in Munnar are just 17% of price in Ernakulam
- Apartment prices in Munnar are just 42% of the price in Ernakulam
- Independent houses in Munnar are just 16% of the price in Ernakulam
Apart from the price point, what makes Munnar click as a destination?
Climate
Munnar is considered an all-season hill station by travel bloggers. Meaning, one can enjoy all seasons in Munnar. The beauty of this hill station shines through all kinds of weather. Lying at an altitude of 1532 m, the average temperature here is 19 degree centigrade.
Attractions
Munnar is blessed with nature in abundance. It is called the natural spa of Kerala. Tea plantations and majestic waterfalls may be common to hill stations. However, Munnar also hosts wildlife sanctuaries (Eravikulam National Park and Chinnar Wildlife sanctuary) for wildlife enthusiasts. This makes Munnar unique.
Are you interested in exploring property advertisements in Munnar?
Hills & Wills is an online property-advertising platform dedicated exclusively to hill-station properties across India, including Munnar. Its hill-specific listing fields enable advertisers to present relevant property particulars such as surrounding views, climate, altitude, terrain, gradient, access, water source, fencing and revetment. Interested users can search, view and compare advertised properties in Munnar and connect directly with the respective property owners or other advertisers.
Eligible Munnar property owners can post property advertisements under the available free or paid listing plans to sell property online or advertise them for rent. Eligible real-estate agents, dealers, builders and promoters may post multiple authorised property advertisements under the applicable plans, subject to the platform’s terms and legal requirements, including any registration required under applicable law. Project advertisements must include the applicable RERA registration particulars or a valid basis for RERA exemption.
Users may also refer to general Munnar property-rate trends and compare advertised property information before making their own decisions. Interested users should independently verify the advertiser, property particulars, title, land classification, permitted use, applicable restrictions and required approvals before proceeding.
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