Why to live in Coorg
Creation at its best
Coorg – The “Scotland of India”
Now officially called as “Kodagu” – a hill station with endless things that any good hill station would have – only multiplied – the splendour – the awe – Coorg has what would take you on a life long journey of living in a world par excellence basked in the glory of nature.
Situated on the Western Ghats on the South Western part of Karnataka, west of Mysore, east of Kasaragod, its altitude ranges from just 390 feet above sea level to a staggering 5740 feet (Tadiandamol peak) above sea level – stretch of hills, forests and plantations with towns embedded like the jewels on a crown.
Moderate and pleasant temperatures through the year, waning and waxing between 17°C to 32°C with the South West Monsoons and the Northerlies bringing in a good amount of rain over the lush green valleys, plantations and forests.
Birthplace of the famous river Kaveri at Talakaveri, which begins its journey here, traverses over the hills, plains cities and states with its final abode in the Bay of Bengal. The confluence of other rivers with Kaveri, Kannike an underground mythical river Sujyothi forms Sangama a very famous picnic spot. There are numerous other picnic spots with waterfalls, streams, rivulets and winding roads which make the journey across the country side truly magical.
Buy & Rental Trends in Coorg
Though Kodagu is a vast area and has numerous small and big towns, Coorg real estate growth is focussed more on Kushalnagar, Virajpet, Madikeri and Somwarpet for independent house, villa, apartment, residential plot, commercial properties while farm house in the midst of surrounding forests.
Rental rate of properties in Coorg are less comparing to Bangalore and Mysore but available rarely.
Demand for agriculture property in Coorg has always been high and growing. It is more centred on investors who would like to buy property in Coorg with plantations and view to cultivate and benefit from the surplus cash crops and related business, having residences in the vast estates themselves. Price of agriculture land in Coorg is at par to Ooty.
The real estate in Coorg towns has equal importance as the demand is from the people who are in the tourism and allied business.
Economy of Coorg
Coorg has the highest per capita income in the whole of the state of Karnataka. Home to a bounty of the best and diverse cultivation a region can produce. All this is based on forestry, agriculture and plantations. The world's best coffee as in the Arabica and Robusta are cultivated amidst the shade of the tall forest trees over endless valleys and slopes. Coorg coffee is known for its strong, deep and rich flavours and accounts for 30% of the total coffee production in India.
Blended with the growth of the coffee plants are pepper, cardamom, bananas which are grown alongside. Coorg is also known for a certain variety of oranges grown and supplied in big numbers. Rice and paddy cultivation in certain parts add to the flourishing economy.
Eco Tourism, a relatively new concept for the new age generation apart from the thriving tourism business, is tilted towards companies organizing trekking, nature walks and aided with homestays add to the already growing real estate in Coorg.
Why to invest in Coorg
Living in Coorg is an endless life long journey, exploring the vast landscapes filled with nature’s beauties and being part of a flourishing business based on forestry and agriculture, but the property rate in Coorg is Cheaper than Ooty and Kodaikanal.
Coorg’s Arabica and Robusta are seeing a dramatic increase in the quality of yield combined with a growing demand. So is the case with the other produce like pepper, cardamom, honey which is creating more value for every piece of agriculture land in this pristine hill station eventually.
Today the dynamics of a person reaching a point in his life where they can afford a second home has encouraged this elite to consider hill station properties and as Coorg is very close to Bangalore, the thriving IT capital city, it is natural that the demand for vacation home in Coorg to relieve from work stress has been witnessing a never before demand.
Owing land in Coorg has dictated a high sense of social status apart from being a second home and retirement option. This is one of the strong drivers for investments from NRIs who view the place not only for the value appreciation but also a sense of social status involved in possessing a property in Coorg.
Added to all this is better access. Coorg over the years has been enriched with the best road infrastructure from all sides, making the travel distance shorter and more enjoyable.
As the trend calls for more isolated living in the current world ever burdened by the pandemic and stressful lifestyles, the demand to buy property in Coorg is on a high and the supply would not last long. So it would be wise to make the initiative to explore and make the best investment move and buy now.