Investing in second homes in India is no longer just about luxury. Today, it is also about making a smart financial choice.
The second-home market is valued at around USD 3.2 billion and is growing at a rate of nearly 22–23 percent every year. Many buyers see these properties as a way to enjoy nature while earning steady income. A recent survey found that 54 percent of high-net-worth individuals (HNIs) are keen to buy or upgrade their second home.
Location is key when buying property. Many investors prefer hill stations as second home investments because these destinations balance lifestyle and returns. Buyer interest in hill stations has surged:
Kasauli, for example, has seen villa rentals grow 25 percent year on year, with average land prices at Rs. 3,500–4,000 per sq ft and values rising 5–6 percent annually. Average occupancy rates in summer go up to 55 percent, making it a reliable investment.
At the same time, scenic real estate in India also includes coastal towns like Goa, Gokarna, and Sindhudurg. In Goa’s Panjim, average yields are around 4.4 percent, while Lonavala offers 5.9 percent and Nandi Hills near Bengaluru offers 6.6 percent. These locations not only attract tourists but also ensure consistent returns for investors.
Developers such as Sotogrande Villas in Goa and Axis Ecorp in Sindhudurg are actively promoting second homes in these scenic regions, providing professional property management along with attractive buy-to-rent models.
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