The trend of holiday homes has led to an increase in number of people who are now interested in owning a second home in picturesque locations. Many prospectivebuyers wish to buy a property in hills. In a constant struggle to escape the stress and dodge the hectic schedules, people find hills a perfect place to relax. People who aspire to buy their own apartment in hills, understand that it requires a lot of groundwork before investing in a second property.
Nainital is considered to be one of the most sought-after and preferred locations for holiday homes in India. There would hardly be anyone who has never been here. Also sometimes known as city of lakes, Nainital receives a huge number of tourists from across the country and other parts of the world every year. Being in close proximity to Delhi-NCR and surrounding areas, Nainital is easily accessible to people who reside there. It also helps them find a suitable property in Nainital because preference is always for an easily accessible destination from their existing homes.
The desire to take a break from a fast-paced city life creates an opportunity for the real estate developers. Not only do these properties offer attractive investment plans but are also quite leisure-centric. The concept of second homes or holiday homes in India has rapidly grown due the fact that purchasing a property in hills serves both as one’s ownpersonal space as well as an investment.
Few benefits of purchasing a holiday home in Nainital –
• The Uttarakhand government allows people from other states to buy a property there. As long as one has not crossed the set limits of area, people residing in other parts of the country can invest in a property in Nainital .
• There are no restrictions in terms of the kind of property one wishes to buy. Properties are available across different types of Apartments, villas or free hold plots.
• Being one of the most exquisite tourist destination, many holiday home buyers see it as their second rental income. The latest trend of Airbnb’s have also contributed to the increasing demand of buying a properties in Nainital.