Second Homes

Real estate observers say that with Goa facing a scarcity of land for construction and large projects driving up prices, other destinations need to be unlocked.

Realty firm Aranyaka to launch Rs 1,400-crore second home projects in Rajasthan, Goa and Himachal

Aranyaka will launch second home projects worth over Rs 1,400 crore in Rajasthan, Goa and Himachal Pradesh. The company plans to invest Rs 300 crore in these projects.

Scapes Hospitality launches luxury villa project in Kasauli, eyes Rs 350-crore revenue

Demand for second homes located at holiday destinations is increasing as people, especially high-net-worth individuals (HNIs), desire to invest in luxury villas or holiday homes situated in hill stations such as Kasauli or near the beaches especially in Goa.

Union Budget's measures may spark real estate boom in top tourist destinations

Market data suggests a significant rise in residential demand across markets in key tourism and pilgrimage hubs such as Goa, Nainital, Ayodhya, Prayagraj, Rishikesh and Varanasi, among others.

Explained: Hill stations redefine second-home market amid boom for residential properties

Hill stations such as Nainital, Dehradun, Shimla, Panchkula, Kasauli and Rishikesh have emerged as second-home hotspots in India. Affordability, tranquility, lifestyle upgrade, accessibility and long-term return on investment are the key factors driving the surge in demand, data shows.

Eldeco Group to develop 80 luxury villas near Kasauli in Himachal Pradesh, eyes top line of Rs 500 crore

The realty firm plans to invest about Rs 300 crore beyond the land cost to develop the ultra-luxury housing project, through its subsidiary ‘Terra Grande’.

Arvind SmartSpaces inks two projects spread across 704 acres in Ahmedabad

According to the company, the top line potential of the projects is Rs 2,300 crore. These projects are located in South Ahmedabad and would be ASL’s 17th and 18th projects in Ahmedabad

Second Homes In Celeb City: Consider Alibag if you want something close to Mumbai

This star-studded coastline is where Bollywood stars, sporting legends, industrialists, investors, and top executives have all built a second home. If you wish to follow in their footsteps, do so after due diligence to avoid post-purchase pain.

Looking to buy a property in Goa? Here’s your primer on how to go about it

The Land of Beaches offers a high rental value of between 4% and 15%, due to luxury, sea-facing properties. But buyers must be aware of the regulations and procedures related to land acquisition, property ownership, permits, and licensing.

Second-home market: Goa rental yields climb to 4-10 percent

Rentals and occupancy have increased by 25-30%. Developers are capitalising on this growing market by selling villas with a carpet area of 1,500 sq. ft to 4,500 sq. ft. in gated communities.

Property prices expected to rise 27%-30% annually after MOPA airport in North Goa: Report

The positive impact of the MOPA mega project may cascade to other nearby regions such as Morjim, Assagao, Siolim, etc where the real estate demand will receive a boost, as per a research by 360 Realtors.

As many as 70% respondents want to buy a second home within two years: Survey

Goa and Maharashtra lead the domestic demand for second home market.

COVID-19 impact: Ultra-rich want a second home but not too far from their city

They have set aside up to Rs 20 crore for their home away from home, a survey has found.

Now, high-end millennials investing in second homes both in India and abroad

Many of them have invested in properties in Goa, Alibag, Ranikhet within India or in countries such as Italy, Thailand, Sri Lanka, United Kingdom and New York.

Karjat: A property destination blessed by nature

Over the last few years, the Karjat-Neral belt has transformed from a second home location, to a first-home destination. The region has become an established housing destination and prices are likely to move upwards. &#82

Developers reduce apartment sizes to boost affordability

While capital values remain steady, apartment sizes are shrinking across cities