The second house is getting stronger in the real estate market

While there is an option for some of the foreign overseas destinations, when it comes to holidays to spend time with their families, their real estate market is many other places that like nearby places where one can spend more time.

This is the place where there is a great success in other homes, serving the purpose of the dual purpose of staying at home and staying at home.

Aditya Kedia, managing director of Transcon developers, says that other homes are often found at places that are suitable for entertainment, where people want to avoid city life during long weekends or short trips. Kids say, “The market of the second house has always been good and in some places, it has got premium too.

For 2019, the interim budget proposed a tax rebate on theoretical rent in a second self-propelled home. “It will provide additional savings in the hands of other home buyers, which will increase the activation of investors in the real estate sector,” says Madhusudhan, chairman and managing director of Sumadhura Group. Second house market Infrastructure also plays a major role in the real estate market success of other homes. Since second-house projects are spread over the outskirts of the cities, contact with these sites is, therefore, an important factor in determining their success. Before this, such connectivity was largely missing and lack of infrastructure increased the problem. However, with the increase in infrastructure projects in different parts of the country, these areas, where other houses are scattered, are easily real estate market accessible and thus attract investors. “The projects of the second house give lots of space in the lap of nature, which certainly comes at a cost that the buyers want to pay because they know that there is always something in return,” Kidia says.

For some, being the owner of another home is also a status code. Investing in other homes is logical for those who have seen the same place over and over again. Tulsi Realty director Danish Doshi said, “This investment will increase and you will appreciate during the period of time and will give good returns.”

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