How Covid-19 has Surged Second Home Demand in Karjat
Long periods of confinement and restricted activities have made people craving a happier, peaceful, safe, and spacious dwelling that can make living in this era of pandemic bearable. The urban city life does impose several movement restrictions with the ever-rising cases as individuals forcibly retire to their small apartments. The situation has not been very different in Mumbai, a city that once recorded the higher number of Covid cases in the country. This has certainly made people ponder upon their living choices. There has been a flip in the choice of real estate investment from a lavish 2 BHK apartment in a 70 story building to a gated community villa in a sparsely populated location set in nature’s lap.
For a state like Maharashtra where the cases have been ever increasing in the second wave of Covid-19, there has been an upsurge in the demand for second homes. These demands have majorly been for properties located in places with less population, but close to the city such as Lonavala and Karjat. Karjat's beautiful location and easy accessibility from major cities of Maharashtra like Pune and Mumbai have emerged victorious as a choice for a second home.
Research suggests that when asked, most urbanites are looking for a dwelling with a gated community, with garden space, and home working. Covid has made people adopt working from home as a lifestyle resulting in the escalated demand for home office. Here, Karjat has won the battle. When asked about the current trends in real estate investments, brokers said, the demands in the city for an apartment have considerably decreased, and individuals, especially the HNI group have been enquiring relentlessly about a second home in Karjat.
Karjat real estate has seen a boom ever since the pandemic. Farmhouse near Mumbai with ready to move in facilities and amenities have certainly been a favorable choice of investments among the city dwellers.The need for second homes investment in Karjat has increased exponentially due to multiple reasons, such as:
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Extra Source of Income :
As Karjat is a tourist spot, any kind of real estate investment made in the area is sure to appreciate the value of the property and also earn rental income for the owners. Thus, a supporting source of revenue with the base income.
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Bigger Plots:
A resort home or a farmhouse in Karjat is usually situated in large plots with gardens and extra room space making it easier for families to live together and also work from home conveniently. With students also adhering to home school for the past years, farmhouses or resort home in Karjat has become the most viable option.
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Lower Investment Value and Lesser Interest Rate :
Real estate in Karjat demands lesser investment and with the dropping interest rates and ease of getting home loans, purchasing a weekend home has been easier more than ever.
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Scenic Surroundings: Second homes :
in Karjat are preferable because of the picturesque surroundings and lesser density of population. The gated community villas in Karjat are believed to instill a sense of security among families and also release the anxiety caused due to rising covid cases in the city.
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Retaining the City Base :
Because Karjat is equidistant both from Pune and Mumbai, retaining the city base for urbanites has become very convenient. The luxurious feel these villas offer is also at par or sometimes even more than their original dwellings.
A drive through the green lanes of Karjat will make your eyes meet, "Karjat Weekend Homes for Sale", hanging on some beautiful real estate properties of Karjat, enough to speak of the rising demands and the changing dynamics of the real estate sector in Karjat. Only a keen eye is needed to unearth this bundle of opportunities.
