Buying a weekend home is actually considered a good investment if you can plan it out strategically. Weekend homes were not really on the radar for Indian buyers and investors earlier. Most Indian buyers are still end users and are content with making central property purchases for residential purposes. However, the advent of new and innovative weekend home projects by leading developers has opened the floodgates in this segment. More and more investors and aspiring home buyers are now seeking weekend homes in strategic locations which offer them a slice of peace, serenity and happiness in equal doses. These buyers have three major criteria when it comes to choosing these homes, namely price, location and amenities. Of late, weekend homes are coming up in droves in popular get-aways like Khandala and Lonavala in Maharashtra and in other zones like Ooty, Himachal Pradesh and Coorg. When it comes to the eastern part of the country, weekend homes are steadily gaining traction in places like Shantiniketan, Darjeeling, Kurseong and other parts of North Bengal, Assam and so on. Orissa is also witnessing healthy demand for these homes located close to the beach.
As a result, developers are looking at coming up more innovative weekend home projects which fuse quality and luxury living with all possible conveniences that buyers could wish for. Apartments are rarely to be found in all these projects; most projects involve residential plots, bungalows or villas. These are usually contained with a residential scheme or residential community comprising multiple such homes independent or attached to one another in addition to other amenities like a club house, sports and recreation facilities and security. These projects offer good investment avenues to buyers and also help them reap rich returns owing to rising land and capital values in the near future.
Additionally, a weekend home gives one the additional flexibility and luxury of a quick get-away whenever daily life gets too stressful and monotonous. It can also be a great place for hosting friends and guests along with organizing special events and carnivals. Additionally, a weekend home gives one the freedom to relax in cool tranquility courtesy a nature friendly ambience, lower pollution and noise levels and picturesque locales. There are several benefits associated with purchasing or owning such homes and this is why developers are tapping into this never ending crowd of high net worth individuals, professionals and businessmen who wish to increase their property portfolio and create a tranquil second home at the same time.
