For those who love to live. Unpolluted Nature. Unpolluted People.
Arabica Gardens is set in Kalpetta, in the heart of the picturesque Wayanad
Wayanad, the hilly district, is experiencing unprecedented real estate boom, thanks to the flourishing tourism sector and hospitality industry.
This property boom, however, in this picturesque hilly district is of a different kind unlike seen in other parts of Kerala. One of the reasons cited for businesses showing an upward trend is the flourishing tourism sector and hospitality industry whereas in North Kerala, particularly Kozhikode, it is mainly attributed to the rapid urbanisation, huge NRI remittance and non-availability of space for housing.
Property Boom !
Real estate value has increased in Wayanad. Wayanad known for one of the oldest tribes, hill stations, spice plantations, copious forests, wildlife sanctuaries, has been attracting tourists from all over the world. However, only in the recent past did tourism activities get a huge impetus. And the efforts certainly go to the private entrepreneurs.
The spurt in the tourism sector in the district had a tremendous impact on the real estate industry. Wayanad anywhere is a tourism spot. The sudden increase in prices of land started less than a year ago. People are not buying land for agricultural purpose ever since the fall in prices of cash crops. But are buying for cashing in on the growing tourism industry.
Interestingly, corporate houses in the hotel industry and multinationals are also eyeing to takeover the developed world-class resorts in plantations and inside jungles. The prices quoted for some of them are in the range from Rs.25 crore to Rs.50 crore, such is the impact of tourism.