Hill Stations- Best Best For Investment

Today, the second home or vacation homes market is becoming a rallying point for developers and investors. Holiday homes are becoming a slow but sure rage as people increasingly buying second home or vacation home that double up as a great place to holiday and also give them good returns as far as investment is concerned. The market for such properties is still emerging in India but it will pick up the pace in the coming years.

The desire to get a break from the fast paced life of city has opened new doors of growth for the real estate in the hills. If someone dreams of having a property with a picturesque view of snow capped mountains or lush green hills, it might be the perfect time to explore the properties in hill destinations such as Nainital, Ooty, Lonavala, Mukteshwar, Almora, Mussorrie, Kodaikanal etc. With growing popularity for real estate as an investment, these destinations offer fantastic investment opportunities as demand for properties in hill stations is growing.

Today, the mind set of people has also changed for hill properties as people are not looking towards such properties just as a Second Home or vacation homes but also as a sound investment. The demand is booming, as it makes for a viable economic investment for the buyer as well as for the developers due to low construction cost and easy availability of land parcels as compare to the metros. This is the main reason why realty majors like DLF, Unitech, Lodha Group, ATS etc. are also developing properties in the hills among others. Most of the realtors target the affluent by offering luxurious properties in the hills. But there are few realtors who also keep the interest of middle class customers in their mind and have started projects according to their pockets.

How do we find the right property among the huge list of properties in hills, this is a very important question and needs to be answered. View from the site is one of the most important factors along with social infrastructure; connectivity, proximity with the main cities etc. play very important roles while searching for property in such locations. One should invest in a location or project that allows for sufficient resale value along with the maintenance & security of the property.

In places like Nainital, Dehradun etc, several local builders have started offering small residential plots, which are as low as Rs.5- 6 lakhs per 100 sq. yd., which is not bad at all, if someone is looking for a plot for investment purpose. The property rates are surely appreciating in the hills. Growing popularity of a destination will facilitate better appreciation of your property in the hills. Real estate prices in most of the famous hill stations have gone up by more than 80% in past 3-4 years. Experts forecast a rise of 100% in the next few years and also forecast that some new hill destinations will come into limelight because of the increasing trend. So, do not be the last one to spot the trend.