Holiday Homes-Emerging real estate segment in India

With a growing number of second-home buyers instantly opting for holiday apartments or homes, in this article we will be having a glance at the benefits that this segment gives and the areas or location that holiday home buyers prefer to invest in.

Invest in second homes, is basically motivated by a section of buyers, who would like to seek profits out of real estate investments or keep it for prestige. Nowadays we Indians have been investing in second homes for quite some time, but people these days are currently shifting their attention to something which offers them more personal utility, like a holiday home for a short vacation.

The holiday home provides them to experience the additional benefit of a weekend holiday at an owned space. Further, such properties also give the option of temporary vacation home renting to other people by listing space on portals providing such temporary rental options like Myrsa. And indirectly earning extra income from the tourism potential of the property address. Homestays as holidays have grown a profitable market, now.

Indians who purchase holiday homes, lead to having greater disposable earnings and belong to middle and top management groups. Such buyers are usually in the age category of 35-45 years. The motive behind investing in a second home is either for investment purpose or weekend getaways or short trips for relaxation. With workload increasing day by day in corporate life, people prefer to relax in some location that’s just drive through or easily reachable and scenic too.

In this article, we will be discussing various options available for different cities in India and their adjoining locations that can be one of the options to choose from.

Related Post: 5 Steps to Increase Conversion and Rent Out Your Property Faster

Mumbai

For Mumbai and Pune residents, some of the favored locations are Lonavala, Alibaug, Karjat, and Goa. Lonavala has been by far the favored most locations because of its or its greenery and pleasant atmosphere and easy connectivity with Mumbai and Pune residents. Also, there is a large number of properties in the pipeline for row-houses and bungalows, from leading developers providing good construction work. There is also a healthy demand for open plots, in Lonavala which some people choose to buy and build their own rowhouse or bungalows.

Alibaug is also a preferred area for Mumbaikars as it has easy accessibility both roadways and waterways like ferry who prefer coastal areas. Karjat also offers affordability and serenity as its primary USPs.With the temperature prevailing comfortable round the year, it draws people from Mumbai and Pune. Increase in the tourist base and gaining interest in activities like rappelling, kayaking, and boat rides promise attractive returns to investors and second homeowners. Also, such locations mentioned providing a good opportunity for temporary renting to people who wish to have weekend getaways during long weekends

Delhi

Delhi being close to Haryana and Himachal Pradesh, which hosts India’s best hill stations Shimla and Dharamshala. The tourism has given a boost to the real estate sector in Himachal Pradesh. The first one to see real estate boost, Shimla’s realty sector has now reached a saturation point as options available now are far from the city in the outskirts. So buyers may consider upcoming destinations like Manali, Kullu, Chamba, Chail, Dharamshala, Kasauli, and Solan which offer numerous residential options that’s close to nature and scenic with easy availability of essential amenities.

Chennai

When we look at the southern part of India, in the south, Puducherry is a favored destination for residents of Chennai and it has many second home choices available, from regional and national developers. For buyers located in Bangalore, Mysore is the favorite location to choose from as its scenic and easily reachable to them.

Kerala

For buyers residing in Kerala, which has also emerged as a popular destination of late. When you are aspiring to buy an apartment for a secondary purchase, carefully pick the location. There are several places in Kerala that are gifted with scenic beauty, like Kovalam, Kochi, Munar, and Alappuzha that experiences that higher count of the travelers. Try to pick a property near these places.

Lets Conclude

Nevertheless, not everyone can locate an ideal alternative close to one’s home. Price factor and the lifestyle quotient, also act significant roles, when hunting and exploring for a second home. Purchasing or Investing an affordable home nearby or neighboring to the workspace or a bustling marketplace, may also not be feasible, when it comes to locations for holiday homes in Major cities like Mumbai, Pune, Delhi, Chennai, etc. Consequently, while the mindset towards holding a second home is gradually evolving, people are seeing for innovative concepts that give affordability, ROI and also lets one enjoy holidays at their own homes, in between. Also, leverage and earn from second homes, occasionally when demand is more especially during long weekends

August 28, 2019 1

How can startups benefit from Myrsa.in?

The ‘Golden Age’ for start-ups in India has rightly and truly arrived, and India is witnessing its age-old talent for entrepreneurship being unleashed like never before. Brand-new ideas are exploding into business models and investors are all lining up to provide the requisite finance and mentoring, to take the start-up to the next round of funding and higher valuations.

India today is replete with examples of successful start-ups that have seen valuations ballooning within the first five years of operation. Renown names like Make My Trip, Naukri.com, Shaadi.com, Just Dial, are all success stories that have survived and grown from the last internet boom, at the beginning of the Millennium.

Success stories of companies that have grown over the last 5-8 years in India are Flipkart, Snapdeal and Myntra – all e-commerce companies, Paytm in payment processing, Red Bus in travel, Ola in taxi aggregation, Book My Show in entertainment, and Housing.com in real estate. The list is long with more businesses being launched each month.

Numerous successful online or e-commerce businesses and small-scale startups face a very genuine problem which is to target potential audience who are not aware of your brand/business and convert them into loyal customers.

One of the colossal hurdles these businesses face is that of forming a professional presence out of the ambit of their reach. For digital companies, these would be tapping into potential customers that are more likely to avail your product/service when acquainted to it in the physical dimension. For small-scale businesses, this would be making people aware of their existence outside the vicinity of their operation. The biggest challenge faced while executing a strategy which aims to tackle these marketing barriers is finding the apt retail space for rent which would complement the needs of your business to blistering extents. People with their own space can open doors and host events – reaching a new audience, expanding their network and growing their business with additional income.

What are the biggest challenges faced? More importantly, what does one do about it?

Understanding investment- As a good businessman, you obviously know that owning assets that generate value and earnings is much better than owning assets that generate expenses.

So now let’s discuss the really important details ->

1.)Issues with conventional rental -> If you rent a commercial venue through conventional means and methods nor only do you find yourself facing leases stamped over but might also have to handle maintenance, utilities and commitments to occupy the place for a set temporal period.

2.)The opposite side of the picture-> In strong contrast to this consider finding yourself a platform which lets you rent said avenues on weekly or monthly rolls without strict leases and independent of any and all sorts of legal fidelity.

3.)What can you do with it? This quickly empowers you to switch between places to find the appropriate one according to your professional needs. Also shifting between important locations with a good inflow of defined target audience is “gold” for your brand/business awareness.

“The pendulum has swung too far,” stated a founder of one of the well-doing startup in Bengaluru “People have to have places to restore and absorb and process information” in order to be productive at work, she said.

4.)Optimization through analysis-> Individually if you have the liberty to hop between different spots and decide which shops or workrooms are most suitable for your goals and targets you’ll be able to optimize your business strategy.

One of the most potent elements of running a successful offline business is ideally finding the perfect surrounding an environment that complements your venture. This more often than not can only be figured out by trial and error no matter how much you try to work it out in theory.

Myrsa is an online platform that not only lets you avail everything already mentioned here but a lot of other features as well to assist you in real-world simulations of your business in different environments. You can temporarily rent office or shops for short terms, shared working space with already established businesses; which by the way is a great place to tap into the already in-flowing foot traffic , avail accommodation spaces to cache your procurement, get promotional spaces in places like malls and shopping centers, advertising spaces and a lot more. Basically all the benefits of temporary renting out any space with bare minimum liabilities. So stop waiting and up your marketing game to the next plethora, go check out all available rentals and get the one that suits your business needs and wants.

December 28, 2018 0

Your Empty space can turn to some ones Event venue

India is the mystic land of diverse cultures and traditions. Every religion has its own cultures and traditions thus, festivals and events are held every alternate day. every day is a celebration whether it’s a Baby shower, any festival, wedding or birthday party, People love to celebrate every event and achievements with full off hearts. Well, it says Great events don’t just happen we need to make them happen. But finding a perfect venue place on required time is the tedious job. The Indian wedding market is the second highest market in the world. The demand for Banquet halls and small event halls are in demand. so, to fulfill this requirement we introduce you to this unique concept of temporary renting space for your event. which is easily accessible and within budget.

Would you like to earn during these events? Its simple log in to Myrsa and list your vacant or event space with us and earn when someone shows interest to book your space and host their events on your space. With Myrsa its simple for both Space Owners to list their spaces and for Event Organizers to find the ideal space for their events.

Spaces you can temporarily rent out for events

1. Parking Lots

Parking lots are usually empty during vacations, weekends or after office hours. Do you know you can hold an event in an empty parking space during this time? As parking spaces are huge and can accommodate huge no. of the people. This can be the place where one can host events for the large no. of an audience. Like Exhibition, Flea Market, Blood donation camp, etc. So, if you have any space similar where these events can be hosted just rent it out on Myrsa.

2. Auditorium

Auditoriums usually remain empty most of the times. Offices today are more inclined to hold seminars in offbeat places to keep their employees motivated and for them, your auditorium spaces can be one of the spaces. Let out your auditoriums for different types of seminars, events and even for small movie premiers.

3. Club Houses

Society clubhouses are stylish well maintained, have elegant furniture, many of them are beside the swimming pool or garden areas. This is the best place to held party/ functions like Engagement ceremonies, Family get-togethers, Birthday parties, Small family function and so on. Many clubhouses have huge areas who can accommodate up to 200 guests. The clubhouse is the ideal space to host a variety of events for a day, weekend or one long week.

4. Open Ground

Open ground is suitable for big events as it can accommodate a large number of an audience. Nowadays it has become a trend to host an event in open ground as people are preferring it. For open ground, evening time is the most suitable for any events as a guest can enjoy the event while enjoying the atmosphere. Apart from big events, one can use the open ground for Food fest, Music concert, Yoga Classes, Health and Wellness activity etc. Even the decorations can be spectacular.

Related post: Your space is your leverage!

Let the idea roll in your mind and register when you see the benefit! Listing your space at Myrsa is very easily, One just have to sign up and list the spaces they want to rent. Add your vacant space description and multiple photos so the renter can get the clear idea about space. Follow other guidelines of registration provided at website and Voila!! your space is ready for temporary renting.

August 27, 2018 0

Tag: temporary renting space