New Attractive Real Estate Destination - Hill Stations of India
Hill Stations Emerge as Preferred Residential Destinations in India
As family incomes continue to rise, Indian hill stations are transforming into sought-after residential destinations for an increasing number of Indians. While some individuals seek a tranquil abode in these hill stations purely as a holiday home, others desire a second home where they can Escape the Fast Pace of Life
Shifting Perceptions in Hill Station Real Estate
A recent survey reveals that Indian hill stations are blossoming into credible residential options, moving beyond their traditional appeal as mere investment opportunities. The notion of owning a house in the hills is no longer solely driven by investment purposes; instead, a significant majority of home buyers are now eager to relocate to these serene destinations for residential purposes in the near future.
Key Findings from the Survey:
Self-Use Homes Lead the Way: A whopping 37% of survey participants articulated that their primary motive for purchasing a house in the hills was for self-use, whether immediate or future.
Holiday Destinations and Weekend Getaways: 29% of respondents expressed interest in hill station properties as ideal holiday destinations or quick weekend escapes.
Investment Opportunities: Only 21% of the survey takers viewed real estate in hilly areas as potential investment avenues.
Post-Retirement Havens: The remaining 14% comprised individuals seeking to escape city life, planning to settle in these areas post-retirement.