Mumbai’s prosperous residents are more and more investing in upscale second homes in close by scenic locations, prioritizing privateness and seclusion in serene settings.
Prominent figures together with industrialists, company leaders, Bollywood celebrities, and sports activities personalities are buying properties in sought-after areas like Alibaug, Goa, Lonavala, Khandala, Panchgani, Karjat, and Pawna Lake.Their preferences vary from pre-built or in-progress villas to plots of land for custom-designed residences.
Developers are catering to this elite clientele by providing a various vary of luxury properties, together with boutique villas and expansive estates. These choices include top-tier facilities reminiscent of non-public swimming pools, landscaped gardens, and customized concierge providers, promising an unmatched life-style for the privileged few, states an ET report.
Home Away From Home
Government efforts to boost connectivity are driving actual property growth in the realm, attracting builders, homebuyers, and buyers as nicely.
As social media turns into extra prevalent and paparazzi extra intrusive, outstanding people search refuge in second homes to keep up privateness, mentioned Ritesh Mehta, senior director at JLL India.
Bollywood personalities like Shahrukh Khan’s daughter Suhana Khan’s buy of land in Alibaug, close to Mumbai, displays a rising pattern among the many prosperous. Other notable buyers in the area embrace actors Ranveer Singh and Deepika Padukone, in addition to cricketers Sachin Tendulkar, Rohit Sharma, Virat Kohli, and Anushka Sharma.
Alibaug, Lonavala, Panchgani, and Goa have grow to be sought-after locations for luxury second-home developments, due to their scenic magnificence and proximity to Mumbai. The attract of those areas just isn’t solely on account of their pure allure but additionally due to improved infrastructure.
Government efforts to boost connectivity by means of street, rail, and air networks have made these areas extra accessible, attracting prosperous buyers looking for luxury and comfort. Samujjwal Ghosh, CEO of The House of Abhinandan Lodha (HoABL), outlined the position of infrastructure growth in boosting property values and financial development in these areas.
In barely over two years, HoABL has bought tasks protecting 360 acres in varied areas together with Goa, Alibaug, Dapoli, and Anjarle in the Konkan area, amounting to over 3,500 villa plots.
Individuals with a internet value exceeding Rs 500 crore are notably drawn to those properties valued at over Rs 20 crore.
The upcoming Mumbai-Goa freeway, upcoming Mopa airport, and proposed coastal street tasks are anticipated to boost journey connectivity, minimizing journey length and enhancing comfort for second homebuyers.
