There has been a sudden surge of inquiries for second homes in the last year. Manav Singh, Chairman Imperial Holding, says, “A home in the hills is three times cheaper than one in the city and a second home is a necessity more than a desire. We’ve seen interest from professionals with an income of over ₹1 crore, businessmen with an income of more than ₹3-4 crore, retired individuals with disposable incomes, etc.”
Singh adds that investors and developers are now eyeing Tier II and Tier III cities too. “Places like Amritsar, Chandigarh, and Shimla are on the radar of bigger builders due to reverse migration. People went to big cities, not for a better standard of life, but to create wealth. Now, if they can do the same job by staying in a place like Goa or Shimla, why would they not do that,” he reasons.
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Denne historien er fra August 2021-utgaven av Architect and Interiors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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THE RIGHT 'FIT'
Bathroom fittings elevate the bath experience and new-age innovative launches are making all the right noises in the space.
WOW WOOD
The durability, aesthetic appeal, and eco-friendliness of wooden flooring have made it a preferred flooring option. And, how!
BREAKING BOUNDARIES
Monkey Wrench's office design goes beyond traditional walls, embodying a spirit of endless possibilities and collaborative energy.
REIMAGINING READING
In the time and age when everyone is turning to digital, Studio Hinge breathes new life into the library at the Cricket Club of India in Mumbai.
A HARMONIOUS BLEND
DF Architects lend the 2Box House a mindful design that fosters interaction yet offers privacy while keeping one close to the roots.
THE SUBTLE CHARM OF SHIBUI
This home, designed by The Auburn Studio, embodies the Japanese aesthetic of 'shibui.'
CREATING WAVES IN SPORTS ARCHITECTURE
Through MOFA Studios, Manish Gulati is creating sports infrastructures that are both iconic and sustainable, setting the stage for India's athletic future.
Digitally designed
Futuristic yet soaked in a local flavour, this thin shell pavilion in China sets the design benchmark very high.
WELLNESS-INSPIRED BATH SPACES
In recent years, several new trends have emerged in the wellness bath industry, reflecting a broader focus on holistic well-being and personalised experiences.
THE FRENCH CONNECTION
A French cafe whose design is inspired by a croissant. That sounds just perfect! Doesn't it?
