Second Home Near Mumbai | Pushpam Sanskruti

THE RISE ININVESTMENTOF SECOND HOMES NEAR MUMBAI

Second-home – a concept that has emerged as the newhero in the real estate sector While the concept ofowning a second home in India has been around for quite a time now, it has seen a sudden surge, thanks to the pandemic With the ongoing pandemic, most ofthe urban population ofthe country has been seen showing interest in purchasing bigger homes in a secluded place not very far away from their actual homes These homes oer a retreat from the mundane city life and also act as a good source ofreturns When observed, these homes are a choice for the people who have enough disposable income comprising mostly ofthe high income earning individuals or the upper class

Their choice usually depends on the luxury and amenities these second homes have to oer and also the return on investment in the form of rent and overall capital gains A concept that has evolved in recent times in the second home sector is resort home Resort homes are villas or suites located in a resort away from the city with all amenities, owned by investors and managed by the resort authorities These resort homes have undoubtedly become an active investment choice because oftheir picturesque location and all the amenities in hand

Increased Desirein a SafeHouse

The pandemic has certainly taken a toll on everyone and hence, people are mostly looking for second homes in areas that are secluded where they can 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 better quality of life than the city, as they are usually located in areas that are not much crowded

Maintenanceand Security

Resort homes near Mumbai oer proper maintenance of the property and also a sense of security With resort homes even when the owners are away, their homes are taken care of A lot of second homes are located in an isolated area and thus maintenance and security can be a tedious task When opting for a resort home, these issues get xed automatically as the management and security of the property becomes the responsibility of the resort owners

Decreased Rateof Interest in HomeLoans

Resort homes are luxurious buys and hence its buying pattern is mostly observed among the urbanites that have disposable income to spend, covering majorly the highincome earning individuals and upper-middle class This lot seems to be extremely interested in making an investment in houses that have open spaces, are located in a beautiful location, and have amenities at their disposal They are basically looking for an abode away from their daily hectic life, and thus the rise in resort home investment

Amenities

As is observed, the potential group are looking for luxury particularly; resort homes oer a lot of amenities The sudden rise in investment in resort homes in India is supported by the added amenities and experience that comes with the investment This pattern has mostly been observed with people living in cities like Mumbai, Pune, Delhi, Bangalore, for whom amenities like gym, food, swimming pool, etc become a consideration while investing in a property

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

Piqued Interest by HNIs and UHNIs