+
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
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?