Vacation Homes- Gripping The Urban Indians?

The Urban Indian's rising demand towards peace and solitude far from the city's crowd is turning them to opt for the beach front garden homes, or in the foothills of Himalayas, and much more. Indians uber-rich have always preferred their vacation/weekend homes on the outskirts of the city or a holiday destination. It has been observed that in the recent years there has been an increase in the demand for these vacation homes. With huge demand catching up, numerous projects are coming up near cities providing modern conveniences and amenities to the several affluent consumers who are now buying vacation homes.

Until few years ago, owning a home used to involve a lifetime financial commitment, which includes major retirement savings. Today, with the profiles of the working Indian couples many buy their first home in their late 20s with rising income levels, easy and attractive home loan options, and the wide range of lifestyle homes have altered the market dynamics. In fact, most of them are investing in residences which are on the outskirts. The vacation home market offers the properties ranging from few lakh to crores, with a focus on customization. With considerable positive change in the lifestyle of people living in the metros, NRIs investing back home, tax benefits offered by the government is playing a pivotal role in meeting up the demands for the vacation homes.