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An Emerging Market in India- Holiday Homes
October 27, 2017 fr Real Estate holiday home
buyers investing, Holiday Homes, Market in India,
preferences regard to holiday homes m Srishti
Chandola
Investment in second homes which are driven by
the segment of home buyers those are looking for
profits out of the real estate investments or
hold it for prestige. The home buyers in India
are investing in second homes for sometimes now
as people are heading towards something that
proffers personal value such as holiday home
which lets them enjoy the additional benefit of
any weekend holiday at the owned place.
Furthermore, all such properties proffer option
of renting the house and earning some extra
income from tourism potential of investment
destination. Home stays during the holidays have
today become a lucrative market. Where are
holiday home buyers investing? Experts say that
Delhi's citizens prefer to invest in close to
their homes. In Delhi-NCR, the most preferred
second home format is a farmhouse. The farmhouse
developments are situated in the clusters around
Bijwasan, Mehrauli, Chhattarpur, and Rajokri and
come in numerous sizes and configurations. The
properties are available in rates to a range of
Rs 2.5 Cr to Rs 12 Cr. The residents in Mumbai,
some of the favored destinations are Alibaug,
Lonavala, Goa, and Karjat. Lonavala is one of the
favorite locations with Mumbai residents and
there is good supply of bungalows and row-houses
from the leading players like Lodha, Tata,
Kalpataru, and Piramal. Also, there is healthy
demand for plots in Lonavala. The rates for
bungalows are from Rs 1.5 Cr to Rs 4.5 Cr and
row-houses range from Rs 1 Cr to Rs 2.5 Cr and
for the plots it ranges from Rs 25 lakhs to Rs 1
Cr. Alibaug is also a preferred destination for
people residing in Mumbai and prefer coastal
areas whereas Karjat proffers serenity and
affordability as prime USPs. In the south,
Puducherry is a favored destination for Chennai
residents as well as it has numerous second home
options which are available from the national and
local developers. Yercaud scenic and peaceful
environs have come up as a magnet for second-home
seekers in Chennai those are looking for
something different. Regardless of competition
from numerous other hotspots, Mysore has
certainly stood the test of time as it is one of
the Bangalore citizens' second favorite home
destinations.
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Changing preferences regard to holiday homes Not
everyone, however, can find an appropriate option
close to ones house. Rate tags and lifestyle
quotient play a vital role when they search for a
perfect second house. It might not be possible to
buy a house close to marketplace or workspace
when it comes especially to holiday homes in
cities such as Bangalore or Mumbai. Thus, the
mindset for owning a second home is gradually
changing, the home buyers are looking for
innovative ideas that would provide the return on
investment, affordability, as well as allow one
to enjoy holidays at their own place or house.
- Tips for Home Improvement for Tenants
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