HomeWord’s Worth

One is Not Enough: Increasing Penchant for Second Homes

The pandemic continues to disrupt the real estate scenario in India and the rise of second homes have come to the light owing to it. Many aspirational buyers appear to be evaluating alternate and additional homes, as the market seems to be providing value-based investment opportunities.

There are many driving factors for purchasing a second home like the need to create an asset pool, investment diversification, future residence planning, lifestyle choices, or holiday and staycation homes. But it seems like there are deeper motivations and thought processes in the current scenario.

To unveil these motivations Savills India carried out a survey during June-July 2021.

One is Not Enough: Increasing Penchant for Second Homes highlights the key motivation factors, market scenario, favored locations, investor insights, expected trends and much more basis inputs obtained from respondents during this survey.