GOKARNA, KARNATAKA

• High Demand for Resort/Tourism Land: There is a “heavy demand” for resort land in Gokarna. This indicates a strong market for properties suitable for hotels, resorts, villas, and homestays, suggesting upward pressure on prices for such plots.

• Anticipated Appreciation from Port Development: The potential development of a “full-fledged Port… at Tadadi, 2kms from Gokarna where 1800 acres of land is marked,” is expected to “bring huge appreciation on land prices.” This is a significant factor contributing to future land value growth.

• Rising Popularity Driving Value: Gokarna’s emergence as a popular tourist destination, often cited as the “quieter cousin of Goa,” directly contributes to increasing demand for premium real estate and subsequent value appreciation. Developers are capitalizing on this growing demand, offering plots that promise long-term value.

• Diverse Property Types and Price Ranges: The market offers a range of property types, including agricultural land, residential plots, and commercial spaces. Prices vary significantly based on location (e.g., proximity to beaches like Om Beach, Kudle Beach, or Main Beach), size, and conversion status (e.g., converted for tourism). While specific per-square-foot or per-gunta growth rates are not readily available, the consistent demand and development indicate a positive growth trajectory.

• Investment Potential: The consensus among real estate insights is that investing in Gokarna land is a “smart move” due to the “potential for future appreciation.” This is driven by its prime location, developing infrastructure, and increasing tourist footfall.

• Current Land Listings (Illustrative): While not direct growth statistics, current listings provide an idea of market values:

  • Agricultural land for sale in Gokarna, Uttara Kannada, with prices cited around ₹56 Lac for 16 Guntha (approx. 17,423 sq.ft) and ₹1 Crore per Acre for agricultural land.

  • Properties listed “Above 5 Cr” and “Between 61 lakhs to 70 lakhs” for larger parcels or prime locations.

  • Some listings for farm/agricultural land range from ₹3.80 Cr for 2.1 acres (in nearby Ankola, which is influenced by Gokarna’s market) to “Call for Price” for larger parcels like 62 acres.

In summary, Gokarna’s land economics are characterized by a growing demand driven by tourism, anticipated appreciation from infrastructural projects like the Tadadi port, and a diverse range of investment opportunities across different land types. While specific historical growth percentages are not easily accessible, the underlying market drivers point towards a strong and positive outlook for land value appreciation in the region.