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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DESIGN DEBATE NEW IDEAS SET SAIL IN SCENIC GOA
Replete with Portuguese vibes and picturesque sites, the October Edition of the Design Debate held in Goa was an exceptionally intriguing one.
FENESTRATION FOR VILLAS
In contemporary villa architecture, the use of new-age materials in windows and fenestration is driven by the need for durability, sustainability, and sleek design.
BOLD AND ARTISTIC
Bengaluru’s Reservoire introduces a fresh narrative to the city’s social landscape, where art, nature, and architecture converge seamlessly.
CITY LIGHTS
Timeless design shapes contemporary comfort in this Mumbai home designed by Open Atelier.
STANDING TALL
High rises and tall structures are ruling urban landscapes even as they make the case for urban growth, sustainability, and enhancing economic and cultural vitality in cities.
TRANSFORMING COMMERCIAL LANDSCAPES
Deepu Shyam Prakash, Founder of Aedium Design, discusses the future of commercial spaces in India, blending sustainability, technology, and user-centric design.
GATHERING OF ARTISTS IN THE "CITY OF ART"
The 34th edition of Design Debate in the city of Vadodara was a grand success
AN ECHO OF DESIGN AND AESTHETICS IN THE CAPITAL
Design Debate's 33rd edition made quite a splash in Delhi
THE VERSATILITY OF VENEERS
Veneers are taking giant strides as they look beyond floors to be used in wall panels, cabinetry, furniture and even ceiling applications.
LET THERE BE LIGHT
Architects are increasingly opting for integrated lighting systems that offer versatility and precision and lighting companies are getting into the groove as they do this and more.
