5 locations near Mumbai to invest for second and holiday homes
Several investors of late are opting for second or holiday homes
Photo Credits: Mehul R Thakkar/HT
Alibag
Alibag is a three-hour drive from Mumbai and is known for sea-facing villas and bungalows owned by high net worth individuals
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Property rates in Alibag
A plot of land in and around Alibag can cost anything from ₹2.5 crore to ₹10 crore per acre
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Lonavala
Lonavala, a hill station barely a three hour drive from Mumbai and 1.5 hour drive from Pune, is known for holiday homes
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Property rates in Lonavala
Villas can cost as much as ₹15,000 per sq ft. 3-4 BHK villas are available in the price range of ₹2 crore and 3 crore, according to local brokers
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Karjat
Karjat is a two hour drive from Mumbai and has become a preferred destination for second or holiday homes after the pandemic
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Property rates in Karjat
A 2 BHK apartment is available for around ₹30 lakh and villa plots are priced between ₹2,000 and ₹4,000 per sq ft depending on connectivity to the site, said brokers
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Igatpuri
Igatpuri, another hill station, is a four hour drive from Mumbai and an hour away from Nashik
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Property rates in Igatpuri
The price of land is between ₹1,000 and ₹3,000 per sq ft. A villa on a 2,000 sq ft plot can cost around ₹1.20 crore, according to local brokers
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Goa
Goa is one more option for those looking to invest in a holiday home. It is accessible by road, flight and train
Photo Credits: Mehul R Thakkar/HT
Property rates in Goa
The land rates in Goa are between ₹2,500 and ₹6,000 per sq ft. Villas are priced between ₹1 crore and ₹25 crore, according to local brokers