The Rise In Investment Of Second Homes Near Mumbai

Investment Property- Second Home Near Mumbai

Second-home – a concept that has emerged as the new trend in the real estate industry. While the concept of owning a second home in India has been a popular choice since a long time, it has seen a sudden surge, thanks to the pandemic. With the ongoing pandemic, most of the urban population of the country has shown interest in purchasing bigger homes in secluded places. They don’t want the travel time much.

These homes offer a retreat from boring city life and also act as a good source of income. According to the trend, such homes are the choice for people who have a considerable amount of income to spend, mostly the high-income group.

People choose these types of second homes because of the luxury and relaxing life they offer. Second homes also offer a good return on investment through the rents and overall capital gains. A new concept that has evolved in a second home is the resort home concept.

Resort homes are individual inventories like independent villas, studio suites, etc. Investors own these properties and they are managed by resort authorities. Resort homes have become popular investment choice because of their beautiful locations and all the amenities it offers. 

Let’s explore why there is a rise in second-home investments near Mumbai.

·         Increased Desire in a Safe House

The pandemic was the most uncertain time in every way, this time has taught people the importance of quality time spent with family. Hence people are mostly looking for second homes in areas that are secluded. People want to live and work peacefully. An active choice for this has been locations that are surrounded by nature like Karjat, Alibaug, and the like. These homes provide a sense of security and healthy lifestyle than the city, as they are located away from the chaos of the city.

•  Interest by HNIs and UHNIs

Resort homes are luxurious purchases and hence its buying pattern is mostly observed among the urbanites that have the considerable income to spend, covering majorly the high-income earning individuals and upper-middle class. These groups seem to be extremely interested in making an investment in houses that have open spaces, are located in a beautiful destination, and have amenities at their disposal. They are basically looking for an abode away from their daily mundane life, and thus the rise in resort home investment.

·         Maintenance and Security

Resort homes near Mumbai are the zero maintenance property. It is managed completely by reputed resort management. Also, it is an individual part of a gated community hence; the owner doesn’t have to worry about security or safety. When thinking to buy a resort home, these issues get fixed automatically as the management and security of the property become the responsibility of the resort owners.

·         Amenities

Resort homes offer a lot of amenities. It is actually a 4-star fully functional resort. The sudden rise in investment in resort homes in India is because of the healthy lifestyle it offers. People from Mumbai, Pune, Delhi, Bangalore, etc are the hard followers of these trends due to the amenities like gym, food, swimming pool, spa, etc.

·         Reduced Rate of Interest on Home Loans

Resort homes are luxurious purchases and hence its buying pattern is mostly observed among the urbanites that have a considerable amount of income to spend. It covers majorly the high-income group and upper-middle class. These groups of individuals seem to be interested in making an investment in homes that have open spaces and are located in a beautiful locations. They are basically looking for an abode away from their daily mundane life, and thus the rise in resort home investment. It is seen that the surge for second homes is seen in those areas which are within a 3-4 hours drive from the city and are located in beautiful locations. Resort homes are the emerging property trend in the real estate sector.

The second home is the best investment opportunity to invest your money in. Many investors are looking for good properties for second home investment. Post-Pandemic people have started investing in second homes near Mumbai. It offers high and immediate returns through rental income. Investors enjoy maximum benefits in second home investment. For enquiry about the project visit the Pushpam Sanskruti website and schedule your free site visit.