With an increasing awareness of health and well-being in India, second-home buyers are increasingly opting for calm destinations. From the tranquil beaches in Goa to the green hills of Rishikesh, these destinations provide scenic beauty, pure air and a holistic living experience.
Investing in second homes in these areas not only offers a tranquil escape but also assures long-term growth due to the rising demand for wellness-driven real estate choices. Let’s explore how yoga hubs in Rishikesh, Ayurvedic retreats in Kerala, and the coffee estates of Coorg provide the perfect escape from urban stress.
Why Invest in Second Homes in Wellness Destinations?
Investing in second homes in wellness areas is gaining immense popularity because of many lifestyle and monetary advantages. Here’s why doing so makes sense:
- Rising Demand for Wellness Tourism: Wellness tourism niche is an evolving industry, as an increasing number of people are opting for calm retreats amidst nature, yoga centres, and holistic healing spots.
The wellness tourism industry is experiencing significant growth, with the global market valued at approximately $814.6 billion in 2022 and projected to expand at a compound annual growth rate (CAGR) of 12.42% from 2023 to 2030.
- Fruitful Rental Returns: Areas famous for wellness – like coastal zones, hill stations and spas tend to have high demand for short-term vacation rentals. Online resources and platforms like Airbnb enable homeowners to get a decent source of passive income even when they are not actively utilising the property.
Regions like Himachal Pradesh offer rental yields ranging from 3-6%, attracting investors aiming to capitalise on the growing demand for wellness tourism.
- Enhances Physical and Mental Well-Being: Acquiring a home in a wellness destination offers daily access to fresh air, picturesque portraits, spas and other recreational activities like meditation, hiking and spa treatments. Hence, this can have a favourable impact on the overall physical and mental health over time.
- Flexibility to Work from Anywhere: As the remote working trend is becoming the norm, various professionals prefer to invest and stay in homes in calm and wellness-focused environments rather than urban locations. Therefore, a second home in such an area can be a work-friendly retreat.
- Retirement Planning: Various investors and homebuyers prefer second homes in wellness-focused locations as a future retirement tool. These properties provide a serene way of living along with close access to organic and vegan food options and holistic healthcare facilities.
- Investment Diversification and Tax Advantages: In India, buying a second home can offer tax benefits, such as deductions on home loan interest under Section 24(b) of the Income Tax Act. Additionally, investing in real estate within wellness destinations enhances portfolio diversification, balancing risks associated with other asset classes.
- Escape from the Routine: Urban life comes with noise, pollution and elevated stress levels. A second home in a wellness area provides a calm sanctuary wherein you can rewind and reset, alleviating exhaustion and enhancing the overall quality of life.
- Legacy Investment: A second home situated in a wellness-focused destination can serve to be a long-term family asset that can be carried down through generations in the form of a retreat that offers a serene living experience.
- Safeguards Against Inflation: Real estate, particularly in prime locations, acts as a powerful hedge against uncontrollable factors like inflation. The value of wellness properties remains steady or can even grow over time, thus making them a dependable asset during times of uncertainty and financial adversities.
To sum up, investing in a second home in a wellness-based location provides an ideal mixture of personal well-being, financial growth and long-term benefits, making it a smart and rational choice.
Read Also: The Financial Advantages of Owning a Second Home
Top Wellness Destinations for Luxury Second Homes
Investing in a luxury second home in the best wellness locations in India provides an ideal combination of health, tranquillity and high-value real estate. Here’s how:
- Rishikesh, Uttarakhand: The international hub for meditation and yoga, Rishikesh boasts many calm riverfront properties, elite wellness resorts, and proximity to spiritual places. Ideal for those who seek a serene escape along with holistic healing experiences.
- Goa: Goa goes far beyond its mere beaches and nightlife; the place is home to many world-class retreats, yoga resorts and Ayurvedic centres. Premium villas in places like Siolim, South Goa and Assagao provide privacy and connectivity to nature.
- Coorg, Karnataka: Famously known as the ‘’Scotland of India,’’ Coorg is popular for its lush coffee plantation zones, pleasant climate and premium estates. It is a brilliant option for nature enthusiasts and also for those who seek a private wellness retreat away from the daily hustle and bustle of the city.
- Alibaug, Maharashtra: Located at a quick ferry ride from Mumbai, Alibaug provides stunning beachside villas, resorts and spa retreats. It is one of the most-loved places for business elites and famous personalities who value a luxury second home.
- Coonoor, Tamil Nadu: A serene alternative to Ooty, Coonoor is home to tea estates, environment-friendly elite homes and wellness resorts. The cool climate and natural beauty make it an excellent wellness destination.
- Mussoorie and Landour, Uttarakhand: This is a Himalayan area providing colonial-era charm, brilliant landscapes and elite homes with proximity to wellness zones and organic farming areas.
- Shimla and Mashobra, Himachal Pradesh: Premium homes with stunning mountain views, cool breezes, and proximity to wellness centres make Shimla and Mashobra ideal for long-term rejuvenation.
A second home situated in these wellness destinations is not merely a property investment but also a healthier and balanced way of living.
Read Also: How a Second Home in India Can Strengthen Your NRI Roots
Conclusion
In India, investing in second homes in top wellness destinations provides a perfect place for mindful living and rejuvenation. Places like Rishikesh, Goa, Coorg and Kerala blend natural beauty with wellness amenities.
These destinations assure personal well-being and property growth potential in the long term. This is so because wellness-driven ways of living are gaining immense momentum and are a perfect choice for forward-thinking investors and buyers.
Invest in Rustomjee’s premium residential properties and safeguard your finances and your family’s future. Make the smart choice today!
FAQs
- How is owning a second home different from owning a regular home?
Owning a second home can be different from owning a regular home, as it acts as an escape or investment instead of a primary residence spot. It provides numerous lifestyle benefits like vacation getaways and rental income scope while also needing extra maintenance and monetary planning.
- How profitable are second home investments in the long term?
Second-home investments can prove to be a profitable venture because of growth in property value, rental yields, and growing demand for holiday spots. Premium locations having wellness and luxury-focused amenities lure wealthy buyers, assuring solid resale prices and stable returns.
- How is the second home investment market in India?
The Indian second home investment market is evolving promptly, backed by increasing disposable income, remote work settings and demand for wellness destinations. Famous spots like Goa, Nilgiris and Rishikesh are witnessing enhanced levels of interest, providing solid rental returns and long-term growth.
