Moneycontrol.com-Explained: Hill stations redefine second-home market amid boom for residential properties
The Covid-19 pandemic has reshaped India's second-home market in a big way. Hill station homes have emerged as top choices for getaways or second homes for high-net-worth individuals (HNIs) and urban professionals. Once considered seasonal getaways, these properties have transformed into year-round residences, largely driven by changing lifestyle preferences, digital connectivity, and enhanced physical infrastructure.
According to market data, residential demand for second homes or holiday homes in hill stations has reported up to 20 per cent increase over the past year. Homebuyers are focusing on popular locales like Shimla, Manali, Kasauli, Panchkula, Rishikesh and Lonavala. They are willing to spend more on lifestyle upgrade, wellness and exclusivity in scenic hill stations.
