Residential Properties in Religious Destinations
Spiritual Living a Step Closer To God
Why Investing in Spiritual and Religious destinations is a brilliant idea
Religion is not affected by slowdown. That's why many head to religious destinations to live in proximity to gods. Over last few years, many developers launched projects in religious destinations to capitalise on the demand from people looking for homes in the land of their deities. Investing in such properties for long-term gains is a wise idea.
As properties in metro cities go beyond the reach of most, religious destinations and smaller cities are coming up as an alternative, for living as well as investing the surplus money. There is a lot of demand for properties in pilgrimage destinations. Pilgrimage cities have projects ranging from small- and mid-sized apartments to villas and townships.
While locals are buying houses in these towns both as an investment and for personal use, the focus of non-residents is short stays and living after retirement. The market was at first focused on those looking for a second or retirement home. Now, there is good rental demand as well, which is why developers are also launching rental-focused serviced apartments in religious destinations
Real estate has seen a big boom in the Braj region, including Mathura and Vrindavan. This trend can be attributed to several factors. Being major tourist destinations in Uttar Pradesh and also being near & well Connected to Delhi-NCR, the assurance of no loss of investment is driving people to buy property
For residents in North India, particularly people from the Delhi-NCR, Haridwar and Rishikesh in Uttarakhand are weekend getaway destinations. These two towns on the bank of river Ganges also hold a very prominent position on the Hindu pilgrimage map. Proximity to foothills is an added advantage.
Tirupati in Andhra Pradesh is famous for the Venkateswara Swamy temple. The city gets lakhs of pilgrims every month. The other attractions include Chandragiri Fort. For those who enjoy trekking, hills and rocks in and around Tirupati, for instance Chase Pillar, Bodi Konda and Puligundu offer ample opportunities.