Why to live in Munnar
An enchanting hill station carpeted with tea plantation at the conjoint of three rivers Mudhirapuzha, Nallathanni, Kundaly and known worldwide as honeymoon destination – Munnar often referred as "Kashmir of the South"
It is located at an altitude of 1600 m above sea level on the Anaimalai hill range at Western Ghats near Anaimudi peak which is the highest peak in South India and in Idukki district of Kerala State. World's highest altitude tea plantations are in Munnar which revives the spirit of anyone's mind. It was one of the summer stay location of British elites.
The temperature is ranging between 13° and 25° across the year with more rain during summer than winter - A peculiar hill station characteristic. Fascinating tourist spots, pleasant weather with mist and showers even during summer to beat the heat is the secret of ever increasing tourists and people migrating to Munnar for settlement. Top station from where one can see hills, rivers, valleys and forests together and Echo point with natural resonance are Unique tourist spots which can't be seen anywhere else in the world, justifies the gift of mother nature to this hill station.
Buying & Rental Trends in Munnar
Due to the serene green environment, more home seekers are driven towards buy property in Munnar. The preferred choice of them is estates, agriculture land, residential plot, independent house, villas and farm houses. Most of the estate lands are owned by corporate like TATA tea and only small estates owned by individuals comes for resale.
Property rate in Munnar is comparatively cheaper than in Ooty and Kodaikanal but slightly costlier than other small hill stations across South India.
There are very few commercial properties in Munnar and the apartment culture is yet to pick up which is not encouraged by environmental norms there.
Rental rate in Munnar is cheaper comparing to many towns and cities in the plains despite various advantages to live in Munnar.
Economy of Munnar
Munnar has rich nutrient soil due to which agriculture flourishes immensely and the entire hill station is covered with plantations. Tea and coffee plantations and cultivation of spices such as Sisal, Cardamom and Cinchona are the primary economy.
Wood industries are yet another economic boosters yielding remarkable revenue in Munnar. Few to mention are teak, pine, mahogany, and wattle.
Munnar witnesses a good ROI in the exports of medicinal oil like Eucalyptus and herbs. Honey production has found its recognition in the world market thus contributing to the Munnar economy.
Tourism and Real estate in Munnar are the secondary revenue generators but sharply growing in the recent past.
Why to invest in Munnar?
The land of Munnar is promisingly worth for investment for communities in constant search of permanent settlement due to various reasons. The first and foremost is the motivating climate sizzling your mind boosting your enthusiasm. Next, the friendly neighbourhood with less population gives you a relaxed lifestyle if you intend to live a healthy life.
Munnar means three rivers and it is such an ideal place for agriculture and plantation with abundant water and fertile soil. It is a heave for cash crops cultivation and agricultural revenue.
Munnar provides more business options right from agriculture to export of herbs, tea and coffee thus it has become NRI's preferred choice.
The gift of nature - scenic beauties, falls, attractive viewpoints and other leisure activities like trekking and paragliding promotes tourism where one has opportunity to invest in the tourism business by building up resorts and other recreation centres for tourists.
Above factors has led to the growth of the Munnar real estate market in recent years. Like any other hill station, the realty in Munnar is conquering the heart of nature lovers and investors. It is not too late to buy property in Munnar