Holiday house rentals have long been a popular choice. But as Covid forced people indoors, they began searching for a healthy environment in which to spend time. Additionally, many middle-class individuals who were not impacted by the pandemic decided to use their extra money to purchase a home or best villas in Hyderabad, many of which they intended to use as a second or vacation residence. It makes sense that the market for second homes and vacation properties in many cities experienced a revival during the epidemic.
The rise of luxury vacation houses and weekend homes in Hyderabad has occurred concurrently with the dominance of the retirement and second home (RSH) market sector in India. Even though the idea is not totally new, the pandemic turned out to be a turning point in the development of the market. The market is anticipated to expand at a CAGR of 23.63% over the following five years.
