‘Need for space had spurred demand’The second wave appears to have impacted purchases of luxury homes by high net worth and ultra high net worth individuals, who were seen buying new homes last year to move to safer and sprawling locations. But during the second wave “demand has quietened,” Mr. Goyal said. “Farm houses and independent plots have been in high demand and we have witnessed prices rise in both. In the north, hill destinations such as Shimla, Rishikesh, Mussoorie and Dehradun have been in high demand. Similarly, in Goa, localities like Anjuna, Siolim and Reis Magos have seen very strong demand and prices have been firming.

Source: The Hindu June 12, 2021 16:42 UTC