Sandalwood (Chandan)

Sandalwood, prized for its unique fragrance, holds significant commercial value, with each tree fetching between 3 to 5 lakhs, and sometimes even more, making it a lucrative investment. States like Karnataka have simplified the process for sellers by easing restrictions. Thriving in tropical climates with well-drained soil, sandalwood trees are predominantly found in India, Australia, and parts of Asia. The heartwood of the sandalwood tree is used to extract essential oil, highly valued for its fragrance and therapeutic benefits. Due to its limited availability and high demand, sandalwood remains highly sought after in the global market.