Axis ecorp

Axis ecorp

NEWS

k6svs_1607585245.jpeg

Demand for Holiday Homes Gains Traction Amid Pandemic

Dec 10, 2020
| By: DT Next
| Source Link: Click Here

Experts say that the need for a perfect balance between work and personal life has fuelled the concept of a weekend retreat in a holiday home.

As the pandemic has significantly impacted the operations of businesses and people's working model, housing preferences also have changed and the demand for holiday homes or second homes has increased in the past few months.
 
According to Aditya Kushwaha, CEO & Director Axis Ecorp, the need for a perfect balance between work and personal life has fuelled the concept of a weekend retreat in a holiday home.
 
"Due to the COVID-19 pandemic, the concept of a holiday home or a second home has gained widespread acceptance. With most of the corporate professionals working from home, geography is no longer a constraint," he said.
 
He also noted that from the investment perspective, second homes in non-metro cities are a relatively safe investment option with higher capital appreciation compared to homes in metros, especially during COVID-19, when alternative options such as mutual funds, shares have seen diminishing returns.
 
These properties can be rented out to home-stays and tourism businesses, a booming market promising an assured and stable source of income to investors, Kushwaha said.
 
He noted Axis Ecorp has witnessed a rise in demand from NRIs and has around Rs 50 crore worth of stock at its project 'Axis Blues' in Goa since the lockdown was announced in India.
 
On the impact of the pandemic and the lockdown restrictions, he said that lockdown impacted the development and expansion plans of various players as most of the people were locked inside their homes and companies adopted work from home to keep their employees safe.
 
"However, with the implementation of unlock, things are slowly coming back on track. Companies and developers are adapting to the new environment,"  he said.
 
He observed that the nationwide lockdown imposed in March severely impacted the new launch activities as there was a shortage of laborers and supplies initially. However, a major component of workers stayed back and continued working, there was a ray of hope to complete projects.
 
He said that the company expects sales at its Axis Yog Villa to reach Rs 70 crore by the end of next year.

Recent News

Building Smart House Construction Villa Residential Interior Resort News Villas Real Estate New Axis Ecorp Axis Yog Villas Investment Axis Blues Real Estate News Axis Lake City Axis KNCJ Darjeeling Aditya Kushwaha Goan Resort Living covid19 Feature holiday home Second home second home in goa holiday home in goa safe proprty investment home sales MOPA Airport project luxury yog villas real estate maintenance residential plots homebuyers increasing demand real estate sector villas in goa Villa in goa construction Villa industry experts Real Estate Expert invest launching new projects Reserve Bank of India Axis Lake City Plaza Sindhudurg Axis Group Tourism Holiday Commercial Plots Plots for sale commercial plot for sale villa plots plots in north goa Demand For Holiday Homes Real Estate Trends Holiday in Sindhudurg Memorable Holiday Realty Market Festive Season luxurious property Real estate developers business news luxury holiday home Real Estate Developers in Goa luxury Villas in north goa luxury villas in goa festive period Deloitte Report Covid-19 real estate market repo rate sbi real estate industry RBI interest rate maharastra Realty developer Mopa Airport luxury housing project Service Apartments luxury serviced apartments skill development world-class hotel ASDC inauguration reality recovery upcoming project goa airport union budget 2022-23 building construction inducing budget growth RBI bi-monthly policy review Monetary Policy Committee, housing prices Housing sales Axis KNCZ Darjeeling Second Home Market Retirement Home Second Home Market invest in real estate policy rate demand for second Home Goa property enterprise in Goa demand for second houses Home Loans commercial real estate perfect holiday Holiday Homes rbi home loans Home Loans Costlier real estate home Housing EMIs Interest Rate Hike increasing reporate Rbi policy budget 2022-23 investments investments in India property investments Real Estate Promoters in Goa Property Developers in Goa Plots For Sale in north Goa Property investment in goa

Get in touch

contact

At Axis Ecorp, we firmly believe that there is no shortcut to success. The Group’s endeavours reflect the value we place in building long-term relationships, offering personalised and transparent services, and staying ahead of the competition.

305, Gera Imperium Grand, Patto Plaza, Panaji, Goa 403001 (INDIA)
+91 807-000-4400
info@axisecorp.com
Mon-Sat: 7:00am - 7:00pm
Thank you!. Your message is sent successfully.
We're sorry, but something went wrong.
Enquire Now Tap To Call