Why should you own a holiday home
Holiday homes have been increasingly gaining popularity over recent years, what with These luxurious second homes equipped with the latest amenities and situated in various scenic locations across India form an integral part of healthy NRI investment portfolios. The procurement of holiday homes however, is not restricted to NRIs alone; Indian citizens with adequate disposable incomes have helped themselves to a slice of this high ROI real estate pie.
If you are considering investing in a holiday home, here are 5 reasons why it would make for a lucrative decision:
- A personal space
There is certainly no dearth premium hotels and other vacation spots to spend some family or solitary time. However, they do not provide the personal luxury of your very own vacation home. Complete with state of the art amenities, it will be nothing short of a haven where you can be completely at ease and have everything function at your pace of comfort. - High rental returns
The need for experiential vacations are sky rocketing. Vacationers prefer staying in home stays or rental spaces that resonate the soul of the place they are visiting. This makes holiday homes a place of immense potential when it comes to earning rental revenue. Setting up rental homes in popular tourist destinations such as Kerala, Goa, Kasauli can provide high rental yields during peak seasons and off season rentals for extended stays or workstations. - Asset appreciation
It is a fact that holiday homes, particularly those in popular tourist destinations appreciate in value over time. An 8%-10% appreciation may be noted over the years in spots with high demand and limited availability of land. For long term capital gains, it is prudent to invest in established tourist destinations, like Kerala for example; what with its immense influx of both domestic and international tourists. In the year 2023 for instance, a total of 2.25 crore tourists visited Kerala, a strong rebound post the pandemic. - Investment portfolio diversification
Holiday homes offer the right diversification from traditional real estate properties. Investing in a holiday home is a proven method of entry into a brand new real estate segment; the growth of which relies on the tourism industry. It provides a much needed balance and spreading of risk where overall investment returns are concerned. - Supporting the community
While several holiday homes are located in sought after tourist locations, there are investors who opt for a space that is close to the city but far enough to escape the bustle of everyday life. The upkeep of such places are usually undertaken by the surrounding community. From on demand cooks to drivers, cleaners and tourist guides; the is no dearth of skill from the local community. Job availability in turn leads to economic growth and security from a grass root level.
Holiday homes serve as an investment opportunity not just for rental revenue but also as a calming space where one can relax and unwind. Visit B&MInfra for a rewarding holiday home experience with their unique property ‘Baleyam’, that is situated on the banks of the Periyar and imbues the beauty of the surrounding lush landscape
