Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply
Quick Links for loans
Quick Links for Insurance
Investment
Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Home > 5 Factors Why the Demand of Buying Luxury Holiday Home is Getting High

Loan for Home

5 Factors Why the Demand of Buying Luxury Holiday Home is Getting High

5 Factors Why the Demand of Buying Luxury Holiday Home is Getting High

In the past year, the pandemic has affected the growth of various industries, including real estate. Surprisingly, the demand for luxury homes has increased despite this change. In fact, the lockdowns hardly affected people's inclination to buy luxury villas and caused a minimal impact on the luxury residential segment business.

Here are five factors why the demand for premium houses and luxury homes is on the rise. 

The need for better work from home conditions

With the 'big reset' in 2020, most people were confined to their homes while doing their jobs. As a result, they required more room to set up their workspaces or carve out separate home offices. Additionally, people who started small businesses also required large, functional spaces to work efficiently. 

Another reason why Indians are looking for luxury holiday homes to buy because expansive luxury homes are equipped with state-of-the-art technology. Thus, they’re the ideal choice for technologically advanced buyers who need smart homes. 

Additional Read: Home Loan in Mumbai

The desire for a relaxing getaway 

Earlier investing in a second home was a way of earning rental income or future appreciation. However,  that’s not the case anymore. The need for overall health and wellness amidst the pandemic has created a demand for spacious homes surrounded by greenery. People wish to spend some time away from the pollution and stress of crowded cities to relax in luxury homes that offer a calm environment. 

If you wish to buy a luxury home, a home loan can help you arrange funds quickly. 

Additional Read: Best Amenities to Look for When Buying a Luxury Home

High demand from affluent buyers

Top-level executives, business class, NRIs and HNIs prefer to invest in luxury homes. In fact, the pandemic witnessed maximum demand from this affluent segment. With the USD-INR difference growing, HNIs and NRIs are bound to invest more and more in premium living spaces. 

It is the right time to buy

In the present scenario, the home loan interest rates are much affordable than before. Therefore, more people are gravitating towards purchasing luxury homes for residential and investment purposes. 

Moreover, with the benefit of lower interest rates, you can buy the luxury property of your choice at relatively smaller repayment costs.

Setting up vacation homes

There has been a rush to buy holiday homes in India in tourist spots, and here is why. These houses are exquisite, offer a luxurious lifestyle, and are designed with high standards of aesthetics in mind. 

Thus, they offer a sophisticated living experience to guests. They are a profitable investment option in locations that see a high influx of tourists all year round, such as Goa. 

Additional Read: 5 Things You Need to Know About the Mumbai Luxury Housing Market

In summary

Real estate has always been the go-to investment choice for many Indians, and expensive luxury homes offer lucrative returns. Many Indians now realise the need for a comfortable office-cum-living space and seek spacious houses rather than compact apartments. 

Looking to purchase a house for living or investment purposes? Tata Capital's easy housing loans can help you. Not only do we offer flexible repayment options and seamless processing, but you can also use our home loan EMI calculator to estimate your EMIs in advance.

Visit our website to apply for a loan online.  

Apply Now
Disclaimer

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.