Investing in a property in the holiday resort of Kodaikanal in Tamil Nadu has several benefits. While property appreciation in the years to come will be great owing to the availability and rise of disposable income of the professionals working and living in the cities in its vicinity, limited and finite land availability in the hills in general and in quality locations of Kodaikanal in particular will push the prices considerably too.
The IT Parks at Madurai and Trichy and the industrial growth in cities like Bangalore and Chennai have also added value to the real estate market of Kodaikanal with residents of these cities looking to make use of their disposable income by investing in a second/ holiday home in the hills. In the next few years Kodaikanal will see a surge in this demand which will have a direct bearing on the property prices of the hill station and this popular trend to own properties in a holiday destination will definitely result in handsome appreciation to one’s property.
Today, we will take an overview of one development in Kodaikanal which we feel is a good investment option. Spread across 5 acres of land and with two-third of it being earmarked as open space, Kodai Mist N Valley View is a project being developed by Tirumala Balajee Property Pvt. Ltd. about three kilometers from the Kodai Lake.
Located on a lush green hill in Kodaikanal, just behind the famous Kurinji Andavar Temple, Kodai Mist N Valley View, once complete will be an eco-friendly gated community featuring bungalows, duplex houses and apartments.
Apart from the residences, the development will also have amenities like club house, health club with Jacuzzi, park, children play zone, driver/ maid dormitory, etc. The units in Kodai Mist N Valley View are so designed that each will have abundant ventilation & natural light, valley views and maximum privacy.
Offerings/ Property available for buyers at Kodai Mist N Valley View:
- Bungalows: 2,500 square feet built-up area with 2,700 square feet of land.
- Duplex houses: 1,250 square feet built area with 1,350 square feet of Undivided share of Land (UDS) of the 2,700 square feet plot with choice of any floor.
- Apartments: Two types of apartments are available. (i) 627 square feet built-up area and (ii) Budget apartments of 435 square feet area.
- Club House with indoor games including billiards, table tennis, etc.
- Health Club with gymnasium and Jacuzzi
- View point lounge
- Mini Restaurant and mini-provisions store
- Children’s Play area
- Dance Floor / Party Hall
- 24 hours security
- Garden in each plot
- Power backup
- Well-water/ Bore well water
- Rain water Harvesting
- Dormitory accommodation for Drivers
- Landscaped garden.
The construction of several houses have been completed and are ready to be handed over to its owners. With the entire project scheduled to completed in 2014, here are the properties currently available:
|PROPERTY TYPE||SIZE (in square feet)||BEDROOMS||PRICE (in INR)|
|Duplex Houses||1254||3 Bed + Kitchen + Hall||62.40 lakhs|
|Apartments||627||2 Bed + Kitchen/Dining||31.20 lakhs|
For more information you can contact their sales team at +91-9940396627, +91-9841077904 or email them at email@example.com, firstname.lastname@example.org. For latest availability and construction status you can also visit their website at www.tirumalabalajeeproperty.com