In the quiet hills of Kasauli, where pine forests meet panoramic vistas, luxury properties have been witnessing double-digit price growth over the last few years. Luxury villas in the region have an average daily rate (ADR) of Rs 8,500 per room, with occupancy rates peaking at 55 per cent during summer. Additionally, villa rentals in Himachal Pradesh grew 25 per cent YoY in the past 12 months, aligning with the 30 per cent YoY growth seen in the northern hill regions, according to a joint report titled ‘Second Home Quadrant Report February 2025’ by 360 Realtors and Axon Developers.

Aditya Kushwaha, CEO and director of Axis Ecorp, said, “The luxury holiday home market in Goa is witnessing unprecedented growth, driven by HNIs seeking premium real estate investments that offer both lifestyle enhancement and long-term value. Goa presents a unique opportunity with its blend of natural beauty, robust infrastructure, and strong rental demand, making it an ideal destination for high-end investments. The state’s evolving real estate landscape, from gated communities to fully serviced luxury villas, ensures high capital appreciation and steady returns."

NRIs, too, are increasingly investing in Goa, viewing it as both a strategic asset and a retreat that aligns with global living standards. With infrastructure upgrades, increasing global interest, and a growing preference for sustainable, wellness-focused living, Goa’s luxury property market is poised for sustained growth in the coming years, he said.