What Makes India's Real Estate So Expensive?

6) The increasing Preference for Hill station properties

In today’s date, hill stations are gaining popularity in real estate segment. Home buyers are targeting such locations to park their investments either in vacation home or as a second home. This investment trend is catching up among home buyers, recently.

According to Shveta Jain – Director, Residential – Cushman & Wakefield, “Hill stations, riversides, beaches and eco-friendly rural locations are some of the more popular destinations for the new crop of holiday homes that are being developed in the country, attracting national as well as local developers for building gated residential projects that are specifically marketed as second homes or holiday homes, and come with fully-furnished options, along with various entertainment and well-being facilities such as club houses, swimming pools, spas and yoga centres, landscaped areas, etc,” reports TOI.

Moreover, good amount of home buyers are showing their interest of buying property in hill stations. For example, online portal Makaan.com has conducted a survey from June 1 to June 23 and according to the survey, more than 4800 respondents participated in that survey and most of the respondents belonged to the age group of 26 to 35 years, reports PTI.