Kudal Can Become Potential Holiday Home Destination: Axon Developers Report

Gurugram, March 20, 2024: The average price of branded lands in Kudal presently ranges from 1500- 1800/ sq. ft. but will reach 3500- 4500/ sq. ft. in another 4-5 years, spiraling at a CAGR of 20-25%, as per the latest real estate report released by Axon developers.

Kudal was largely known for its sloppy hills where Alphonso mango and cashews were grown. The coastal town in the central Sindhudurg district is an amalgamation of rich cultural history, verdant landscapes, exotic water bodies, and mouth-watering delicacies. Yet the quaint township with a population of around ~ 25,000 was a relatively unexplored tourism destination. It was often dwarfed by Goa, which is located less than 100 km away.

Things changed the previous year when the 2300 crores MOPA airport project was unveiled. While there was an operational airport at Chippi in Sindhudurg district, MOPA located around ~45 mins from Kudal, added further impetus to the connectivity. This not only meant increased tourism business but also windfall of investments in real estate, hospitality, wellness centers, and F&Bs, for Kudal and a host of other provinces in Sindhudurg such as Sasoli, Vengurla, Shrimoga, etc.

“There is an increased spotlight on emerging markets like Kudal which is blessed with spellbinding natural lake views, idyllic rural backyards, thick eco reserves, and pristine sea beaches. There is a gold rush among developers who are now looking to create concept-based real estate, second homes, and retirement cottages. Kudal is also a hot cake for business entities looking to capture the long rental and wellness space,” said Ankit Kansal, Founder and MD, Axon Developers.

Not just the two functional airports within ~ 45 minds, Kudal also enjoys great road and railway line connectivity. It is connected via NH 66, Sagari Mahamarg, and Kudal-Vengurla road. Likewise, it is easily accessible via the Konkan railway lines.

“Besides major source markets in southern and western India, there is also increased interest from buyers and investors from Delhi NCR towards Kudal’s. NCR is landlocked with absolutely very limited natural beauties. This always intrigues buyers from NCR to explore and buy second home assets in new places with idyllic environs and serene weather,” quoted Kansal.

Advertisement

“Meanwhile to develop a sustainable real estate and tourism industry in Kudal, major stakeholders such as development agencies, private players, NGOs, and the local community must work coherently and systematically. Public and private players should also work in tandem to boost the local infrastructure through roadways, water supplies, sanitation, health care facilities, schools, etc. While working on large-scale projects is a welcome step, it is also essential to promote local culture, cuisines, wellness practices, music, yoga, and other indigenous unique experiences. Failing to do so can result in decline of its natural beauty and inherent essence,” cautioned Kansal.

Advertisements