500 acres of coconut grove Palakkad District Water, electricity and road facilities good income The said price is 50 lakhs per acre 500 acres of coconut grove in Palakkad District with water, electricity, road facilities, and good income potential, priced at 50 lakhs per acre. Coconut groves can indeed be lucrative due to the demand for coconuts and coconut products. If you're considering purchasing or selling such a property, it's essential to assess factors like soil quality, age of trees, and maintenance costs to gauge the income potential accurately.