Leisure Homes in India: The Rising Trend of Scenic Getaways
Leisure homes, also known as vacation homes or second homes, are becoming increasingly popular in India. These homes are usually located in scenic and serene locations away from the hustle and bustle of the city, providing an escape from the stresses of everyday life. The demand for leisure homes in India has recently seen a steady rise, and this trend is likely to continue in the coming years.
Let’s look at the key reasons behind the growing popularity of leisure homes in India.
Rising disposable income: The increasing disposable income of the middle class is one main reason behind the rising demand for leisure homes. With more money at hand, people are looking for ways to spend this money on experiences and memories, besides material possessions. A leisure home provides an opportunity for families to spend quality time together in a serene environment and create lasting memories.
Potential asset value: The real estate market in India has been steadily growing over the past decade, and leisure homes offer an opportunity for high and ultra-high-net-worth individuals to diversify their portfolios. The value of leisure homes is likely to appreciate over time, making these homes a valuable asset for the future.
Investment security: Leisure homes also offer a sense of security in terms of capital investment. In uncertain times, people want a safe and secure place where they can retreat to, if necessary. A leisure home in a remote location can provide a sense of security in times of crisis, thus making it a wise choice for property investment.
More options, more demand: The increasing popularity of leisure homes has led real estate developers to create more and more leisure homes as a separate category of properties. These homes are often built in beautiful locations with stunning views and offer a range of amenities such as swimming pools, landscaped gardens, and recreational facilities. This increase in the number of such homes has positively influenced the market, thereby hiking the demand for the same.
Bouquet of beautiful locations: India is home to beautiful beaches, stunning mountains and serene valleys. Properties are being developed in scenic locations across the country, including hill stations, beach towns, riverfront, and rural areas. Such a wide diversity of locations is also driving the demand growth for leisure homes in regions known for their natural beauty and cultural significance, such as the Himalayan region, near the banks of river Ganges and Goa among others.
Are there any challenges for the leisure home industry?
One primary challenge is the lack of proper infrastructure in some of these remote locations. Developers need to ensure that basic amenities such as roads, electricity, and water supply are in place before coming up with leisure homes in these areas.
Another challenge is the high cost of maintenance associated with leisure homes. These properties require regular upkeep, which can prove quite expensive. Developers need to ensure that the maintenance cost is reasonable and affordable for buyers.
In conclusion, the demand for leisure homes in India is on the rise, driven by the increasing disposable income of the middle class, the promising investment potential, and the need for a safe and secure retreat.
If one is looking for an ideal leisure home near Kolkata, Country Homes at Raichak on Ganges by Ambuja Neotia provide a cluster of second homes next to the River Ganges. Varying in design from the quaint to the modern, these exclusive villas or farmhouses will be a peaceful repose of serenity and exclusivity to those who wish to escape from the urban chaos and stress. One can choose a villa from an array of 2 Cottah to 12 Cottah land options, with prices starting from Rs 40 lacs.
If you love the enchantment of North Bengal because of its hills and forests, then Vanya Awas, an Ambuja Neotia project in the heart of Dooars, can be your choice for an ideal leisure home. One and a half hours away from Siliguri, Vanya Awas offers a perfect setting for the forest retreat you wished for. Spread across 20+ acres near Gorumara National Park, Vanya Awas offers 1BHK apartments, starting from Rs 25 lakhs, for you to embrace the perks of nature while enjoying the benefits of modern living in your home by the woods.