Last Update 5 месяцев назад
Hill stations are no more just vacation destinations. They are also places where many people like to have a second home or retire. But if you want to buy a home in the hills, you might have to do a lot of research because the terrain is hard and there are a lot of problems with construction and quality.
Among the prominent locations, some of the most famous hill stations for real estate investment in India are Shimla, Kasauli, Darjeeling, and Mahabaleshwar. Even though investing in property on hills can be a good way to make money, you should always be careful before making a move.
After the pandemic people not only invest in hill station properties but also go to a hill station to do their professional work because they become bored while living at home during the covid 19 phase. So here is also a list of coworking spaces in India where people love to work.
Things to check while buying hill station property
01. Easily reached place – You should choose a place that is easy to get to and close to your first home, especially if your first home is in a big city. Before buying real estate in a hill station, you should also look at its civic and social infrastructure and how well it connects to the rest of the world. For example, Lonavala, a popular vacation spot close to the city of Himachal Pradesh, is a popular real estate destination that has had to make a lot of infrastructure improvements to keep up with its popularity.
02. Due diligence before purchasing – Most likely, you don’t know much about the hill location where you’re thinking of buying a house. In this case, you should talk to people who live in the city or brokers who work there to find out how much the homes cost. If you did your research, you wouldn’t have to pay too much for the property. You should also be careful and make sure the property has a clear title and is being sold by developers who are registered with RERA.
03. Building obstacle clearance – If you want to build your own house or buy one that is already built, make sure you get the “building obstacle” clearance from the local zoning office. If you want to build an independent house on a slope, you have to make sure there are no obstacles in the way. It provides the developer with information about the bare minimum requirements for safety that the buildings must meet. If you are purchasing a completed apartment from a builder, you must verify this clearance.
04. Construction quality – When constructing a home on the hills, you have to pay much more attention to details than on the plains. It is important to talk to the builder about the quality of the building materials. Make sure that the structure is built with strong materials like precast beams, burnt clay bricks, and concrete with a silicate base.
Buying a Hill Station Property: Advantages and Disadvantages
In India’s hill stations, there are many options for second homes that range from cheap to expensive. In addition to increasing in value, these homes offer high returns on investment if they are used as rental spaces. A home in the hills seems like a good choice because of the beautiful scenery, the growing tourism industry, and the wellness-focused way of life. But you should also think about the downsides of such a property, especially in terms of money.
Advantages of Hill Station Property
Favorable State regulations – Other than the Land Ceiling Act, which limits how much land you can buy in each state, there aren’t many rules about who can buy land in a hill town. If you plan ahead, you can make the most of the lack of rules.
Remoteness – A house on a hillside gives you the most privacy of any place you can live. A hill home is a great place to spend a vacation because it is a great way to get away from the busy life of a city.
Architectural potential – A house on a hill has a lot more room for architectural creativity than a house on a plain. For example, you can add a basement walkout and big windows with a view of a house on the hills that you couldn’t do to a house on flat land.
Energy efficiency – Homes that are built on slopes use less energy than those that are built on plains. This is mostly because there is better airflow along the side of the hill and more natural light gets in. Both of these features help to lower the amount of money spent on electricity.
Disadvantages of Hill Station Property
- Leaks and Drainage – This is the worst thing that could happen if you lived in the hills. If your house doesn’t have a sump basin and pump, water could flood your basement and lawn. Consider a good drainage system for hills with lots of plants to stop erosion and landslides. Also, mist in the winter could cause leaks, which may need to be fixed regularly.
02. Additional construction fees – When it comes to building on a slope, more time and money are required compared to building in the plains. Extra costs, like digging fees and building more supports and reinforcements for the building, can eat into your budget.
03. Landslides – In hilly areas, landslides are more likely to happen when there is heavy rain or strong winds during a hurricane. Planting plants with deep roots close to your home can help keep the soil around it from breaking down.
Disclaimer: The opinions shown above are mainly for informational reasons and are based on market research. Deal Acres is not responsible for any actions made as a result of relying on the provided material and makes no representations as to its accuracy, completeness, or reliability.