A weekend villa may have been an elusive dream for most of the previous generation and may have been viewed as an avoidable luxury by most of the earlier generation. However, things are changing rapidly as the average buyer cum investor profile changes in India. Contemporary Indian buyers are mostly self made or employed professionals who wish to acquire a taste for the finer things in life and owning a weekend villa is high on their list. In fact, not all buyers are super rich businessmen, celebrities or entrepreneurs; there are salaried professionals and top bosses who strategically look to acquire these properties with a view towards garnering higher returns in the future. Demand for a weekend villa has never been higher in most locations in the country, particularly those that can be accessed within an hour or two from major metro cities like Mumbai, Delhi, Bangalore, Hyderabad, Kolkata and Chennai. Maharashtra is a hotbed for such development along with Gujarat. In case of the latter, demand for these villas reflects the changing mindset of average buyers and the economic prosperity of the state in particular. There are several destinations on the outskirts of major cities like Vadodara, Ahmedabad or Surat which are witnessing development of ultra premium villa projects within gated communities. Feriado is an residential luxury weekend villa in Surat by Rajhans Realty.
Weekend villa projects are also being developed in locations like Panvel in Maharashtra or even Khandala and Lonavala which are preferred housing destinations. Additionally, seaside destinations like Alibaug are also witnessing demand for villa projects along with Goa. These projects usually cater to professionals or businessmen living and working in Mumbai or Pune and find takers within very little time. This is why developers are pulling out all the stops with regard to launching newer villa projects and some of these can definitely put conventional housing projects to shame.
Availability of multiple options, breathtaking locales, premium amenities and growing disposable income levels have led to demand for weekend villa projects. Several categories and segments of buyers are now looking at investing in these projects for dual purposes, i.e. garnering lucrative returns in future and secondly, creating a second home for oneself where tranquility, relaxation and comfort rule the roost. Taking off for a weekend or two becomes more personal and intimate courtesy vacation homes like these. These are reasons spurring the growth of this segment and developers are certainly pulling out the red carpet for customers interested in acquiring a second home.
