Financial Express-Second home market in India surges past $3 bn: Goa, Ayodhya lead market growth
Second home and vacation rental market in India is growing at a staggering speed with the current market sized over USD 3 billion. Indian buyers are now actively scouting for such properties in picturesque locations. What was once a fad or lifestyle upgrade for the well-heeled & selected few is seeing increased democratization, says the Second Home Quadrant Report, released by real estate advisory 360 Realtors in partnership with Axon Developers.
The growth in the market is propelled by a slew of factors such as rise in income, demand for wellness-driven lifestyle, increase in staycations & remote working culture, etc.
