What comes to your mind when one asks you options for investment? The most common that most of us would suggest, broadly are as follows – Equity, Bond, Gold, Real Estate. But I am sure rarely people will suggest you to invest into your goals – Short term / Medium term / Long term.
Let us see one investment option which if done with proper homework would not only turn out to be investment decision to cherish, but also can provide regular income. Many have tried the simpler product of the option – Real Estate. People buy land / constructed house / Flat and rent them. This is nice way of regular income and a good way of growing your wealth with the property value appreciating over medium to long term.
So if everyone is aware of it, why am I talking about it? Because there is one option that people have not explored – Holiday Home. There are lots of places within India, in and around us that have not been explored. So if you have got cash in hand (you can also look for 60% - 70% of the amount from Bank loan) and looking for investment options – Keep this in mind while evaluating other options.
Today people are looking for large space where they can go in groups with family / friends at affordable price. So if you have space at place with beautiful scenery, good space for outdoor spots, with all the amenities that one finds at his/her home. With the increase in the customer base of the likes Mahindra Holidays, Country Club; you should not be surprised if they pay handsome for your property.
With the increase in online purchase of holidays and the advent of website like snapdeal.com, dealsandyou.com, marketing the property has become much easier and less costly.
I am exploring more details and data on the topic, would update you all ASAP!!!
