Holiday Home Times

Lavasa

So you want to buy some land and build your own farm house?

So you want to buy some land and build your own farm house?

At some point during our life, we all toy with the idea of buying some land and building our own small farm house. As urban educated Indians in well paid jobs, we tend to feel that after we’ve paid up our mortgages that this would be a nice way to invest some money and also build something that we could use in our retirement. Ever since I’ve started TripVillas.com a … Read the rest “So you want to buy some land and build your own farm house?”

Buying land versus buying in a gated community

Buying land versus buying in a gated community


A question we keep getting asked by prospective second home buyers is whether we would recommend buying land or buying a home in a gated community. I’ve personally thought extensively about this question and while I would like to give a single answer, my recommendation would depend on the personal circumstances and desires. First, let me summarize what I feel are the advantages and disadvantages of each type of investment:-
Read the rest “Buying land versus buying in a gated community”

Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra

Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra

In India there are many different terms in the land acquiring process which are used in certain regions or states and are completely alien in other parts. So for a person who wants to buy a plot in a state or region which he is not familiar with, it’s very important to know the local terms used to do away with all confusion.

One such land record term used in Read the rest “Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra”

Lavasa Begins Work on Second Town Mugaon – is it worth investing?

Lavasa Begins Work on Second Town Mugaon – is it worth investing?

 

After hitting a couple of environmental hurdles, that stalled construction of this unique hill city for more than a year, Lavasa has recently launched its next phase of construction and has already started work on its second town, Mugaon. Is it really a good development to invest in, will the hill city see the light of day like it was conceptualized? Holiday Home Times speaks to a property owner in Read the rest “Lavasa Begins Work on Second Town Mugaon – is it worth investing?”

Lavasa – striking a balance between urban living and conserving the greens

Lavasa – striking a balance between urban living and conserving the greens

It’s seems buyers of properties in Lavasa will have something to cheer about now! The chairman of Hindustan Construction Corporation (HCC), the company who is developing the project , Mr. Ajit Gulabchand today told The Economic Times newspaper that “Lavasa finally got environmental clearance from ministry of environment and forest.”

“So you have a coming back to life in Lavasa and once the monsoon period is over we will look Read the rest “Lavasa – striking a balance between urban living and conserving the greens”

Surge in second home market in India: report

A recent media report has said that while residential property sales have witnessed a significant decline in metros due to higher prices and high home loan rates, demand for second homes has picked up in the past couple of years in the outskirts of cities. This is especially seen in the upper end of the market as customers are not essentially dependent on housing loans to finance their dream home Read the rest “Surge in second home market in India: report”

Destinations to invest in a holiday home in and around Mumbai

Lonavala and Khandala:

Less than a couple of hours’ drive on the Mumbai expressway, one can see clouds descend on the serene, tranquil hill station of Lonavala, a perfect getaway for most city dwellers! Every weekend the twin hill cities of Lonavala and Khandala turn busy as city dwellers make a beeline, to spend some quality time, far away from the hustle and bustle of the city. Situated at the Read the rest “Destinations to invest in a holiday home in and around Mumbai”

India’s second home market to grow 60-70 percent in 2012: Naik

The second home market in India will see a growth of 60 to 70 percent  in 2012, writes Santosh Naik, MD and CEO of Disha Group, a Mumbai-based realty developer and pioneer of second homes. 

Naik in his blog post titled ‘Reality for Realty Sector in 2012’ writes: “As far as second home market is concerned I see a growth of 60 to 70% in 2012 due to strong growth Read the rest “India’s second home market to grow 60-70 percent in 2012: Naik”

‘Perennial demand for holiday homes in India’

The demand for holiday homes in India is as wired into the country’s overall economic performance as every other segment of residential real estate. This was observed by Om Ahuja, CEO – Residential Services, Jones Lang LaSalle India in his latest article titled ‘Holiday Homes In India – Perennial Demand’ published today in the company’s blog.

“That said, it is also remarkably enduring; this has a lot to Read the rest “‘Perennial demand for holiday homes in India’”

The Pros and Cons of investing in a Holiday Home

The Pros and Cons of investing in a Holiday Home

So you’ve probably seen an advertisement for a vacation home or have visited a friends farm or beach home and are seriously thinking of buying one for yourself. What are the important things to keep in mind? 

At the very beginning, the question you should be asking yourself – Should YOU buy a holiday home? – let us go into some of the pros and cons of vacation home ownership.Read the rest “The Pros and Cons of investing in a Holiday Home”

Listing of some second home projects in and around Mumbai

Fortune Hotel courtyard, Lavasa, Maharashtra.Image via WikipediaHi Everyone,

I have been asked to compile a short list of second home developments close to Mumbai. I will do so and slowly start reviewing them. Here is my list with quick comments:-
1. Lavasa – must see and evaluate for all. Pricing approx 3500Rs. /sq. foot, leasehold (999 years), tightly managed and regulated community where owners have limited freedom but overall you can expect better Read the rest “Listing of some second home projects in and around Mumbai”

Best places to buy a Vacation Home in India

Bettys Place GoaImage by Cajie via Flickr

So I am sure quite a few of you’ll must be thinking of buying a second home. What are good locations that I would recommend for the same?

1. Goa:- This is in my opinion the best location for a Vacation home for two main reasons – the potential for income generation and secondly the number of good restaurants, amenities, flights etc. available to make Read the rest “Best places to buy a Vacation Home in India”

Tips before you decide on buying a second home

Joaquin Miller "Poet of the Sierras"Image by dbking via Flickr

So I thought I would start by outlining a few things to keep in mind when buying a Second Home. Here are some quick pointers:-

1. Buy close to the city that you live in. By close I mean not more than an hours flight or else a 3-4 hour drive away. This will ensure that you are able to make ample use of the Read the rest “Tips before you decide on buying a second home”