How Hill Station Homes Are Changing the Real Estate Market
The Covid-19 pandemic has changed how people view second homes in India. Hill stations, once only for vacations, are now becoming popular as year-round homes, especially for wealthy individuals and city workers. This change is mainly due to better digital connections, improved infrastructure, and a shift in lifestyle.
Demand for second homes in hill stations has increased by up to 20% in the last year. Popular destinations like Shimla, Manali, Kasauli, Panchkula, Rishikesh, and Lonavala are seeing more interest, with people looking for homes that offer a better lifestyle and peaceful surroundings.
For investors, these homes in hill stations are more than just a getaway. They are seen as valuable assets that offer growth and security. This trend reflects people’s desire to live away from crowded cities and enjoy nature.
Places like Nainital, Dehradun, Shimla, Karnal, and Rishikesh have seen a big increase in demand. Nainital has seen the largest rise with a 61% increase in demand, followed by Dehradun (43%), Shimla (34%), Karnal (28%), and Rishikesh (26%). People are not just looking for vacation homes but are interested in making these locations their permanent residence.
The rise in demand has led to more luxury homes being built. In Nainital, supply grew by 10%, in Dehradun by 12.8%, and in Shimla by 13.87%. However, Rishikesh saw a decrease in supply by 14.5%.
Experts like Amar Kapoor from Terra Grande by Eldeco Group say that more people are looking for peaceful homes in places like Rishikesh. There has been a 25% increase in searches for hill station properties, with urban residents seeking homes that offer both peace and modern amenities.
In conclusion, hill stations are becoming the perfect place for those looking for a mix of luxury and peace. If you're looking for a second home or investment property in a beautiful location, check out options like EazyMyRent for more information.
