Top 5 locations for investment in weekend homes near Mumbai:
Lonavala
From a weekend home destination, Lonavala is rapidly transforming into a real estate market for end-users and first-time buyers. Lonavala is also known as “City of Caves”. It is blessed with lush green valleys and pleasant atmosphere throughout the year. It is well-connected with Mumbai, as well as Pune. Thus, it is an ideal weekend destination, for the residents of both cities. Lonavala is well-connected by road, rail & air – the Mumbai-Pune Expressway, passes through Lonavala, making it easily accessible from both cities. Lonavala has its own railway station, which falls on the Mumbai-Pune railway line. The presence of excellent amenities, infrastructure facilities, and robust connectivity makes it an ideal location for real estate investments.
Alibaug
The perfect mix of the ocean, rural atmosphere, historic charm and exclusivity, in the recent years, Alibaug has proven to be the eternal choice for a holiday home. An idyllic paradise, Alibaug has earned its title as the ‘Hamptons of India’ or more commonly known as a ‘mini Goa’. You can reach Alibaug by road from Pune and by sea from Mumbai. Before the end of the year, the Mumbai Port Trust intends to begin using roll on, roll off (RoRo) ships on the Mumbai-Alibaug route. Instead of driving to Alibaug or leaving their automobiles in Mumbai, commuters would be able to take their cars on a ferry with RoRo.
Igatpuri
Igatpuri, situated in the Western Ghats on the Mumbai-Nashik Highway, is emerging as a popular second home destination. This region is highly sought after as a weekend destination due to its exceptional connectivity to the city of Mumbai, serene location and a continuously growing infrastructure. Its lifestyle amenities and the potential to provide rental income are adequate to invest in Igatpuri. Igatpuri is well- connected by road and railways to Mumbai, Pune, Nashik and Shirdi. Besides the lure of the nature, there is the Vipassana International Academy, which draws people from all over the world.
Wada, Palghar
Palghar, due to its popularity as a famous tourist and weekend destination, is also becoming an investment hotspot for individuals seeking a second home. Palghar is also home to several industrial townships that have many small-scale industries specialising in engineering, pharmaceuticals, plastics, textiles and notebook making. Strategically located, Palghar offers efficient connectivity by rail and road, and several other advantages. Timely investors can look at reaping the benefits of investing in a fast-growing destination that offers a well-balanced and healthy lifestyle.
Vapi – Valsad – Silvassa – Daman
These areas are popular choices for weekend homes due to their proximity to major cities like Mumbai, Surat and Ahmedabad as well as their scenic surroundings. These cities are well-connected by road and are situated along the Western Express Highway and are easily accessible from Mumbai and other cities in Gujarat and Maharashtra.
The region has seen steady growth in real estate over the years due to its popularity as a tourist destination and proximity to major cities. Investing in a property here may provide potential returns in the form of property appreciation.
Goa
Investing in a weekend home in Goa, despite its distance from Mumbai, can be a popular choice for many individuals who seek a tranquil getaway from the hustle and bustle of city life. Goa is known for its beautiful beaches, vibrant culture, and laid-back lifestyle, making it an attractive destination for tourists and second-home buyers alike. Good road & rail connectivity and regular flights can make it easier to access. Goa has been diversifying its economy beyond tourism and into sectors such as real estate, IT, pharmaceuticals, and manufacturing.
These locations offer a range of natural beauty, recreational activities, and proximity to Mumbai, making them popular choices for weekend homes.