Real estate investors are placing large bets on holiday homes
Holiday homes, often known as second homes, are used as vacation residences. However, in the post-pandemic period, holiday homes have taken on new relevance as more people choose to relocate in search of a more pleasant and serene environment to live and work. Several property developers in India are currently entering the holiday home market, owing to the increased demand for second homes in coastal or mountainous areas by wealthy individuals.The virus and the staged lockdowns that have prevented people from travelling to exotic vacation places are driving these changes in consumer behaviour. Another important aspect fueling the shift is the work-from-home concept.