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India's Luxury Second Homes Hit $3 Billion Mark
11 Jan
Summary
- India's luxury second-home market surpasses $3 billion valuation.
- Ultra-HNIs are driving demand for wellness retreats and investments.
- Annual market growth currently stands at over 20%.
India's luxury second-home market has officially crossed the $3 billion valuation threshold, demonstrating a robust annual growth rate exceeding 20%. This significant market expansion is largely attributed to the preferences of ultra-high-net-worth individuals who are actively seeking properties that offer wellness retreats and promising investment returns.
The trend sees an increasing number of Indians acquiring residential properties as secondary homes, recognizing their dual role as lifestyle assets and premium short-stay rental opportunities. Key factors contributing to this surge include improved connectivity, rising disposable incomes, and a heightened focus on work-life balance and personal well-being, making destinations like Goa, Alibaug, and Kasauli highly sought after.
Infrastructure development, such as new airports and improved transport links like the Atal Setu bridge, has been a major catalyst, transforming leisure destinations into viable investment hubs. Developers are responding with projects in diverse locations, catering to the demand for global living standards and strong rental yields, further solidifying the market's upward trajectory.
