Mettupalayam, near Ooty | Greenwood Bungalow, once owned by a British captain, currently a hotel | Rs 10.5 crore
Indeed, everyone agrees that time-hallowed spaces appear only infrequently on the market. When Vijay Mallya’s assets were sold recently, it was an exceptional occasion as a few bungalows became quickly available in Mumbai, Goa and the Nilgiris. In most cases, buyers are interested in art and value vintage construction and features. As such, auction houses such as Saffronart and Sotheby’s have been aiding in these searches through their real estate units, which otherwise deal with selling luxury apartments. The houses they offer are already painstakingly renovated. Saffronart currently advertises on its website a vivid blue, two-level Portuguese villa located in Goa’s Aldona village that is at least a century old. Its three bedrooms, kitchen and living areas, and latticed verandahs — renewed with antique furniture and upgraded with “modern day amenities” — can be picked up for Rs 8.5 crore. Like most buyers prefer, the 5,000-sq-ft property sits on a large plot of up to 16,000 sq ft, allowing space for a lawn, a wooden cabana, a swimming pool and two staff quarters.