+
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

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?