Holiday home destinations in India
Everyone would dream of owning a beautiful home amidst lap of nature – a holiday home where you can spend some splendid time with your family! Imagine yourself visiting the home once or twice a year and taking a stroll in foggy mountain roads or waking up to the beautiful sunny landscape welcoming you at your beach side house!
However, before going for a holiday home, you may weigh the potential of such a home as an ideal investment option or just as a boost to your lifestyle quotient. The logic behind going for a holiday home may be rooted in the Indian belief that you should go for two homes as the second one will provide what the first one cannot. The scarcity of available space or home at reasonable price in plush localities in most of the cities make most of the citizens to compromise on their first homes. Hence, owning a second home at a holiday destination comes off as a way of imbuing all those they have to sacrifice to own a home in the city.
Here are some of the hottest holiday home destinations in India.
(1) Lonavala: Lonavala is a famous hill station in Maharashtra. Situated between Pune and Mumbai, it is one of the most preferred second home destination for buyers. Two factors work behind the hill station being such a sought after destination – it is well connected from both Mumbai and Pune as it is accessible through the Expressway and it is bestowed with lush greenery and tranquility.
Lonavala is a much sought after location for people from Mumbai and unlike many other hill stations, Lonavala caters to the demand for homes. Big developers have responded well as row houses and bungalows are available for potential buyers. While bungalows are available in the range between Rs 1.5 crore to 2.5 crore, row houses are available in the range of Rs 1 crore to Rs 2.5 crore.
(2) Pondicherry: Pondicherry is a Union Territory of India which retains the French influence of its past glory till date. Known as “the Riviera of the East”, it is one of the top tourist destinations in India. Apart from being a tourist destination, Pondicherry is also a centre for holiday homes which comes in the form of villas. Villas cost around Rs 50 lakh to 2.5 crore depending on the size and locality. Apartments in the city centre costs around Rs 17,000/sq meter.
(3) Coimbatore: Coimbatore, known as the “Manchester of South India” is in Chennai. Over the years, it has developed as a preferred choice for second homes or holiday homes. Owing to its comparatively less population, pleasant weather, affordable cost of living and easy access to nearby hill stations for weekend getaways, people in their post retirement days have been inclined to settle down in Coimbatore.
The average price of a multistory apartment in Coimbatore is around Rs 3600/sq ft. The city is in the middle of a major housing boom and over 3000 apartments are expected to be completed in the next three years.
(4) Goa: Adorned with pristine beaches and wonderful natural beauty, Goa is preferred by both domestic as well as foreign buyers as a holiday home destination. Owning a holiday home in Goa not only gives you the opportunity to enjoy the golden beaches during your holiday season, but also offers you the chance of earning a handsome rental returns. Since Goa is stuffed with crowd during peak seasons, holiday homes can earn you a high rental as hotels are filled with tourists from all over the country as well as the world.
(5) Khandala: Due to its scenic beauty, waterfalls and pristine climate, Khanadala on Mumbai-Pune expressway is a preferred holiday destination, especially for people residing in Mumbai and Pune. Situated at only 3 kilometers from Lonavala, it is an ideal location to buy a vacation home as it is easily accessible from Mumbai-Pune highway. Owning a house amidst the beautiful serene mountains will boost your lifestyle, adding a hue of luxury to it.
(6) Dehradun: Dehradun is the widest valley in the world and it is surrounded by Shivalik hills and Himalayan mountain range. Owning a house in Dehradun would offer you the privilege of waking up to beautiful scenic beauty comprising of snow clad mountains and lush green hills. Located at 230 kms north of Delhi, the holiday homes in Dehradun offers high rental yields. Its proximity to Delhi and NCR cities, project it as an investment destination where one can own a house at a cost much lower than Delhi or Gurgaon. Around 70% of the home buyers in Dehradun are from outside, which cash on the opportunity to buy a 2-3 BHK apartment at a price range of Rs 20 to 50 lakh.
Apart from the above mentioned places, Mussourie, Nainital, Shimla, Kasauli, Mukteshwar, etc are also emerging as preferred destinations in India, where High Net worth individuals (HNI) want to own a home for themselves.
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