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Top realtors getting into 'second homes' concept at leisure destinations

Realtors look to cash in on demand for such projects at leisure destinations

Top Realtors getting into 'second homes' concept at leisure destinations
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On an average, the price difference in land could range from 25-50 per cent between the top cities and the major hill stations / beach destinations

Raghavendra Kamath Mumbai
Top property developers across western and northern India are getting into ‘second homes’ concept at leisure destinations. A prolonged Covid-19 pandemic, the work from home (WFH) norm and a demand for such properties, being the main reasons.

Prominent names like New Delhi-based Eldeco, and Mumbai ones like Sunteck Realty, Rustomjee and Shree Naman group have taken a plunge into the segment while DLF, Tata Realty & Infrastructure, and Isprava are some of the established names.  

Eldeco plans to launch a second homes project in Kasauli, Himachal Pradesh and in Rishikesh, Uttarakhand in the second half of 2022. The Kasauli project