Vacation Homes - Rising Trend in Indian Realty Market
Enjoying the tropical beachcombing in outskirts of Mumbai or Goa, finding the quintessence of life in a religious place like Haridwar or just enjoying luxury in the serene weather of Himachal Pradesh; there are lot of reasons for having a second home amidst nature's purity and tranquility.
With rising stress and work pressure in the lives of metro cities' inhabitants, the demand for second homes is gradually rising in India. However, some are of opinion that having a second-home in such places is a status symbol too.
Larger open spaces, green surroundings and pleasant weather make it an attractive proposition to live in these areas. Some popular cities like Lavasa, Lonavala, Alibag, Kasauli, Shimla, Mussoorie and Goa are popular hubs of vacation homes. Listed below are some projects that offer a refuge from the fast-paced and hustle-bustle of urban life:
Kalpataru Amoda Reserve- Khandala, Mumbai From being the favourite place for weekend hangouts to its mention in famous Bollywood songs, Khandala is a hill station in Mumbai that is rising as a one of the sought-after locations for second home. Nestled amidst mesmerizing views of the mountains and streams of Khandala, Kalpataru Amoda Reserve is a luxurious 7 Star Villa project spanning 60 acres of land. The project offers lavishly built 3 BHK and 4 BHK villas each of which has been designed by Eco.Id from Singapore. 37 acres of the project have been reserved for the development of orchards, butterfly gardens, bird-watching parks, streams and ponds. Offering blissful views from each of its villas, Kalpataru Amoda Reserve is drenched in natural splendor and offers a perfect home away from home.
Prestige Golfshire- Devanahalli, Bangalore Bangalore, the IT Hub of India, is a thriving metro city and offers a fast-paced lifestyle, but what comes handy, is the stress and strain. The best place where Bangalore people find refuge is the Nandi Hills. Set in the backdrop of scenic view of Nandi Hills is the lavish project- Prestige Golfshire. Spread across 275 acres, the project offers luxuriously planned 4 BHK independent mansions. The project will also have an 18-Hole Championship Golf Course, Falcon Greens Clubhouse, Quan Luxury Spa and Marriott Luxury Hotel and Convention Centre. Each unit will have an open terrace deck providing a picturesque view of the hills. Bringing together all attributes of lavishness and recreation, Prestige Golfshire will prove to be the perfect vacation home.
Tata Myst- Kasauli, Himachal Pradesh When one thinks of Kasauli, the picture that comes to one's mind is that of cascading streams and infinite view of the mountains. Located close to the cities of Chandigarh and Shimla, the mesmerizing beauty of the place is drawing the attention of many. Tata Housing is developing its phenomenal project- Myst in Kasauli. It is based on the concept of Biophilia that supports the emotional bond between human beings and nature. The project offers luxury residences that offer amenities like infinity pool, jacuzzi and fireplace. In its quest to bring the residents closer to the nature, Tata Myst will make the best second home.
Lavasa Delfino- Lavasa, Pune Lavasa is a planned city developed by Hindustan Construction Company in Mose Valley near Pune. The township aims at providing its residents with a peaceful living amidst natural surroundings and will have theme parks, open greens and sports facilities within the complex. Located in Dasve town of Lavasa, Delfino is a project that offers residential apartment blocks with only 2 apartments at each floor in 4 ½ BHK configuration. Flanked by the lake on its edge, the project gives a whole new definition of lakeside living.
Having a second home is growing as a viable option in India because of its numerous benefits. For example- The market for vacation homes is more or less recession free and is a good investment proposition. Also, you can let it out on rent and get a regular rental income. From the rising trend, it is evident that the second home market in India will only flourish in the coming time.
For more updates on property trends in India, visit our site PropTiger.com.