Destinations In India: Although the idea of weekend houses has long existed, it is rapidly evolving. Even the middle class are now thinking about taking advantage of this possibility, in addition to the upper middle class. While Goa is undoubtedly a popular choice for a holiday property, investors are now also interested in a number of other locations that are emerging.

The current generation is aware of the significance of taking a well-earned vacation from a busy routine. Working professionals might be more careful with their investments since they need to create a work-life balance. Mutual funds and cryptocurrency are methods of increasing money, but they also care about their health. One of the best methods for them to handle both is by making vacation home investments. However, while making a real estate investment, the location is crucial.

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Destinations In India: Lonavala

The real estate industry in Lonavala, Maharashtra, is rising as a result of its closeness to Mumbai and Pune, two major metropolises. Pune is comparatively closer at only approximately 64 kilometres, whereas Mumbai is roughly 95 miles distant. Lonavala, a charming hill town in the Sahyadri Range, is also a significant railway hub on the Mumbai-Pune Line. Rail and road travel are both simple methods to get there. Investors in this area are guaranteed a consistent rental income because to the year-round stream of tourists. To give investors a variety of options, several reputable developers have introduced modern villas, flats, and vacation houses.

 

Investment prospects in Lonavala, Maharashtra

Project	Developer	Property type	Area	Price
Tata Prive	Tata Hosuing	4 BHK villa	2,500 sq ft	Rs 5.25 crore
Safal Nature County	Safal Builders	3 BHK villa	1,700 sq ft	Rs 2.25 crore
Della Villa	Della Enclave	4 BHK villa	8,250 sq ft	Rs 5.5 crore
Sun Palms	Sun Housing	2 BHK villa	1,500 sq ft	Rs 95 lakh
Atharv Pristine Villa	Atharv Developers Mumbai	5 BHK villa	4,160 sq ft	Rs 2.75 crore

 

 

Ooty

The popularity of Ooty as a holiday home location has increased dramatically. Ooty is a city in Tamil Nadu’s Western Ghats. Many investors are drawn to the area by its picturesque scenery and view colonial homes, bungalows, villas, and flats as potential investments. Coonoor and Kotagiri are additional prominent locations for investment in the southern State, in addition to Ooty.

The pattern in this area is for buyers to buy property later on in order to build a vacation house for their yearly breaks. A caretaker is given the property so they may rent it out to visitors. NRIs from Bangalore and Chennai, notably those in the IT and ITeS industries, prefer investing here since it makes getting to Ooty simpler.

 

Investment prospects in Ooty, Tamil Nadu

Project	Developer	Property type	Area	Price
Lush Bergs	Westernhill Villas	2/3 BHK villa	1,000-1,300 sq ft	Rs 87.25-Rs 96 lakh
The Arcadia	Ivy Infra and Developers	3 BHK villa	1,200 sq ft	Rs 96 lakh
Fortune Villas	Fortune Builders Ooty	2/3 BHK villa	900-1,200 sq ft	Price on request
Boopathy Ketti Homes	Boopathy Homes Pvt Ltd	1 BHK villa	550 sq ft	Rs 32 lakh
Alpha Galaxy Valley	Alpha Realtors	2 BHK villa	1,014 sq ft	Price on request

 

 

Destinations In India: Nainital

One of the most popular investment destinations among hill towns is Nainital. It is a well-liked retreat from the Northern hemisphere’s summer heat and is located in Uttarakhand. In Nainital, there is a consistent stream of visitors all year round. The area has recently attracted the interest of NRIs. Investors are drawn to Nainital’s ongoing residential and commercial building projects. According to reports, land purchases are the most common among purchasers in this area, followed by flats and villas.

 

Investment prospects in Nainital, Uttarakhand

Project	Developer	Property type	Area	Price
RG Indus Valley	RG Construction Haridwar	1 BHK/1 RK flats and 2/4 BHK villa	800-2,500 sq ft	Rs 42 lakh-Rs 2.1 crore
Shree Keshav Nature View Cottages and Apartments	Shree Keshav Buildtech Pvt Ltd	1/2 BHK units and1/2/3/4 BHK villa	700-2,000 sq ft	Rs 22.5-Rs 80 lakh
Mridul Pine Oak Paradise	Mridul Buildtech Builders	1/2 BHK flats	960-1,600 sq ft	Rs 32.5-Rs 55 lakh
Tranquille Living Chalets	Tranquille Living Spaces	2 BHK villa	1,400 sq ft	Rs 1.4 crore
Concept Corbett Crescent	Concept Buildtech	2 BHK villa	900 sq ft	Rs 50 lakh

 

Destinations In India: Gokarna

A little tourist destination in Karnataka called Gokarna has recently become more well-known due to its several beaches, including Om Beach, Kudle Beach, Half Moon Beach, and Paradise Beach. Religious sites such the Mahabaleshwar, Maha Ganapathi, Uma Maheshwara, and Bhadrakali temples are also present. This location’s affordability and closeness to Bangalore, Chennai, and Goa are its strongest points. The SwaSwara, Gokarna Forest Resort, Om Beach Ayurvedic Resort, and Namaste Holiday Homes are a some of the resorts in Gokarna that are often frequented.

In addition to these locations, Coorg and Kodaikanal have drawn praise from both investors and visitors. Such vacation house destinations are becoming in demand. The low cost of land and easy access to labour in these places make its development cost-effective for the developers. As a result, the buyer also pays a marginal price.

 

 

 

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