+
Goa, Maharashtra lead demand for second homes: Savills India report
Real Estate

Goa, Maharashtra lead demand for second homes: Savills India report

Goa and Maharashtra lead the home demand for the second properties in the country, as nearly 70% of respondents are looking to invest in a second home valued at Rs 2 crore or less, according to the Savills India survey of prospective home buyers.

The survey of 325 respondents from a mix of non-resident Indians (NRIs), high net-worth individuals (HNIs), shows that 57- 70% of them want to purchase a second home within two years.

This short-term dedication of lower than two years is not only within the domestic market but additionally in the popular offshore locations. When in contrast, the most attractive of investments is inside India in a horizon of lower than six months.

Nearly 80% of potential second house buyers aim to carry the properties for more than five years.

Residential Services Savills India, MD, Shveta Jain, said that the second homes market in the country seems to be on a gradual improvement. Unlike earlier, when capital appreciation and rental incomes were the regulatory criteria, an additional dimension of a safe home away from pandemic hotspots seems to have become a key factor.

The survey added that respondents had been interested to spend on second properties throughout the nation, and the highest 10 locations rising from the survey collectively have a share of 87% inside the home areas.

Goa leads the home demand for second homes with one-fifth of survey respondents all in support of buying a second house there, as almost 70% demand is inside the Rs 2 crore worth vary. Rental yields have been within 4-7% and are on an upward development.

Around 29% of respondents are interested in spending within the standard second house of Maharashtra. Around 65% of the demand is inside Rs 2 crore, and net yields have been within the range of 4-6%.

Image Source


Also read: 40% home buyers seek luxury and premium properties: ANAROCK, CII

Goa and Maharashtra lead the home demand for the second properties in the country, as nearly 70% of respondents are looking to invest in a second home valued at Rs 2 crore or less, according to the Savills India survey of prospective home buyers. The survey of 325 respondents from a mix of non-resident Indians (NRIs), high net-worth individuals (HNIs), shows that 57- 70% of them want to purchase a second home within two years. This short-term dedication of lower than two years is not only within the domestic market but additionally in the popular offshore locations. When in contrast, the most attractive of investments is inside India in a horizon of lower than six months. Nearly 80% of potential second house buyers aim to carry the properties for more than five years. Residential Services Savills India, MD, Shveta Jain, said that the second homes market in the country seems to be on a gradual improvement. Unlike earlier, when capital appreciation and rental incomes were the regulatory criteria, an additional dimension of a safe home away from pandemic hotspots seems to have become a key factor. The survey added that respondents had been interested to spend on second properties throughout the nation, and the highest 10 locations rising from the survey collectively have a share of 87% inside the home areas. Goa leads the home demand for second homes with one-fifth of survey respondents all in support of buying a second house there, as almost 70% demand is inside the Rs 2 crore worth vary. Rental yields have been within 4-7% and are on an upward development. Around 29% of respondents are interested in spending within the standard second house of Maharashtra. Around 65% of the demand is inside Rs 2 crore, and net yields have been within the range of 4-6%. Image Source Also read: 40% home buyers seek luxury and premium properties: ANAROCK, CII

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code