[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff of Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to share with you which is as undermentioned.|
A large number of second home buyers purchase luxury homes that provide them with a retreat away from the city, where they can relax and rejuvenate. According to Sunil Sharma, VP – marketing and CRM, Mahindra Lifespaces Developers Ltd, the growing population of high net worth individuals (HNIs), has spurred the demand for second homes.
“For some, a second home represents a post-retirement recreation option, or the opportunity to pursue one’s hobbies and interests. However, second homes are also increasingly viewed as a long-term investment option, with rental income and capital appreciation,” says Sharma.
However, recent changes in tax laws, in financial year 2017-18, have changed the home buyers’ outlook towards investing in second homes.
Read more at: https://housing.com/news/make-second-home-investment/
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