Vacay In Style? Demand For Luxury Holiday Homes Goes Back Up In Goa
While the entire world has felt the effects of the COVID-19 slowdown, post-lockdown, the demand for luxury holiday homes has actually gone up. Giving to the major shift in working from home as compared to sitting at the office, many individuals are looking to invest in homes in tourist places for a break from the city.
Goan developers have seen an uptake in demand from NRIs too. Aditya Kushwaha, chief executive officer and director, Axis Ecorp told CNBCTV18, "NRIs are considering Indian real estate as the most sensible investment option during COVID-19. The possibility of NRIs coming back to India is high, and we have observed that they are willing to invest in real estate to utilise savings." Second homes in tourist places give better rentals and can also be leased out as BnBs. At a time when mutual funds are giving diminished returns, investing in real estate seems like a sensible option.
