WFH Culture Fuelling the Demand for Holiday Homes in India
The year 2020 was a difficult year for many. People had a hard time coming to terms with the lockdown and the repercussions that it brought. When the lockdown was first announced, many thought that it will be just a three week thing and then life will go back to what it was. However, that was not to be the case so. Three weeks stretched to three months and here we are almost half way through 2021 and life is nowhere near what it was before the pandemic.
Work-from-home (WFH) has now become a norm and most people have now come to terms that it may be a good while before the entire working staff can go back to office. This in turn has resulted in a strong demand for holiday homes that allow people to be close to the nature.
In these uncertain times, people want to invest in options that they can bank on. Real estate is always considered to be one such investment as compared to other options such as share, mutual funds etc. A second home in non-metro cities are a relatively safe investment option with higher capital appreciation compared to homes in metros, especially during COVID-19.When not in use these properties can be easily rented out to home-stays and tourism businesses, a booming market promising an assured and stable source of income to investors.
