The concept of second homes has always existed, though it has often been limited to the wealthy. This class can afford a second home, either for vacationing or a weekend getaway. However, the concept appears to have achieved universal support recently, even though the road has not been simple.
Lonavala, located between Mumbai and Pune, and accessible from the highway, has long been a favourite weekend getaway for Mumbai and Pune residents. Lonavala’s future real estate prospects look promising.
In and of itself, the second house market in Lonavala and Khandala is a success story. It also has excellent boarding schools, corporate training centres, spiritual retreats, alternative medicine centres, and old age homes, which is a lot for such a small town.
Reasons to buy a second home in Lonavala
Incredible Social Infrastructure:
Apart from the numerous tourist attractions, Lonavala boasts superb hospitality and educational infrastructure. Top restaurants, hotels, and prestigious boarding schools can be found here. Big corporations like L&T and Tata already have corporate training centres in Lonavala.
Ideal Living Situations:
Lonavala is one of India’s most gorgeous tourist spots. It has breathtaking views and a great year-round environment. It draws visitors from all over the world because of its beautiful surroundings, outdoor activities, and good weather.
Affordable property prices:
Villas in Lonavala are priced between Rs. 5,000 and Rs. 7,000 per square foot. ft. Lonavala comes out as an appealing option as prices in Mumbai and Pune continue to rise. If you want to buy a luxurious home, you can get easy home loans too from various financial institutions.
Apartment prices in Lonavala are on the lower end of the scale. More importantly, home loans interest rate on and EMIs are reasonable.
With the forthcoming Navi Mumbai Airport, which is expected to open shortly, property prices in Lonavala and Khandala are projected to rise significantly. As a result, Lonavala is the ideal places to invest in real estate for a speedy return. Property prices in Lonavala and Khandala are expected to rise by at least 20% to 25%.
Are you someone who spends their free time outside? Lonavala is a must-see destination, providing hiking, camping, and exploration opportunities as well as waterfalls. Are you not a fan of the great outdoors? Perhaps you’ll appreciate the pleasant weather, the magnificent view of the lush green hills, or the slower pace of life away from the hustle and bustle of the metropolis. What’s the best part? If you buy a home in Lonavala, you may take advantage of all of this at any time of year.
If you’re looking to buy a second house to change your work from home location, search for areas that aren’t too far from the city. Lonavala properties are ideal for this purpose. Despite being 96 kilometres from Mumbai and 64 kilometres from Pune, Lonavala has good road and rail connectivity with its neighbouring cities, mainly for tourism.
There are numerous trains running between Mumbai and Lonavala, including the Intercity Express, mail, and passenger trains.
Potential for a high return:
There’s no denying that you’re spending a lot of money on your second house. Maybe you’re thinking about getting a home loan as well. As a result, you want to make sure the property will pay off in the long run. The good news is that Lonavala real estate fits the bill.
Lonavala is anticipated to grow in all areas in the next few years, much like Kalyan and Dombivili, which are only 40 kilometres away, have done recently. The development, however, will be constrained due to the mountainous terrain. As a result, there’s a good chance that real estate prices may grow in the future, increasing the resale value of your home.