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Scapes Hospitality launches luxury villa project in Kasauli eyes Rs 350 crore revenue

The project is set to be completed in 2024 and is expected to be a game-changer in the luxury villa market in India.

Project Overview

Key Features

  • Heritage Charm: The project is set amidst the picturesque Kasauli town, which is known for its colonial-era architecture and rich history. Contemporary Elegance: The villas are designed with modern amenities and luxurious interiors, offering a perfect blend of heritage and contemporary living. Seamless Integration: The project is designed to seamlessly integrate with the natural surroundings, providing breathtaking views of the Himalayas. #### Project Details**

    • Project Details

  • Location: The project is located in Kasauli, Himachal Pradesh, which is a popular tourist destination known for its natural beauty and rich cultural heritage. Land Area: The project spans across 10 acres of land, providing ample space for the villas and amenities.

    This trend is driven by several factors, including the growing demand for vacation rentals, the rise of short-term rentals, and the increasing popularity of holiday destinations.

    The Rise of Vacation Rentals

    The vacation rental market has experienced significant growth in recent years, driven by the increasing popularity of short-term rentals. According to a report by the American Hotel and Lodging Association (AHLA), the vacation rental market is expected to continue growing, with an estimated 25% increase in bookings by 2025. This growth is attributed to the rise of online platforms such as Airbnb, VRBO, and HomeAway, which have made it easier for individuals to rent out their properties to travelers. Key statistics: + 25% increase in vacation rental bookings by 2025 + 1 in 5 Americans own a vacation home + Vacation rentals account for 10% of the global hotel market

    The Benefits of Investing in a Second Home

    Investing in a second home at a holiday destination can provide several benefits, including:

  • Potential for long-term appreciation in property value
  • Rental income through short-term rentals
  • Tax benefits and deductions
  • Personal use and enjoyment of the property
  • Diversification of investment portfolio

    • The Growing Demand for Luxury Villas

    The demand for luxury villas or holiday homes is increasing, driven by the growing popularity of high-end vacation rentals. Luxury villas offer a unique and exclusive experience for travelers, providing amenities such as private pools, outdoor kitchens, and stunning views.

    The Rise of Hill Stations as Luxury Investment Destinations

    The allure of hill stations has long been a draw for tourists and travelers seeking a tranquil retreat from the hustle and bustle of city life. However, in recent years, these picturesque destinations have also become a hotbed for luxury investors seeking to capitalize on their growing popularity.

    Key Factors Driving the Rise of Hill Stations

    Several factors are contributing to the surge in popularity of hill stations as luxury investment destinations:

  • Growing demand for experiential travel: With the rise of experiential travel, tourists are increasingly seeking unique and immersive experiences that go beyond the usual hotel stay. Hill stations offer a chance to disconnect from the digital world and reconnect with nature, making them an attractive option for travelers seeking a more authentic experience. Increasing accessibility: Advances in transportation and infrastructure have made it easier for tourists to reach hill stations, reducing travel time and increasing accessibility. Government initiatives: Governments have launched initiatives to promote tourism in hill stations, providing incentives and support for developers and investors. ### Benefits of Investing in Hill Stations**

    • Benefits of Investing in Hill Stations

    Investing in a hill station property can offer a range of benefits, including:

  • Rental income: With a projected annual rental return of 5-8 percent, hill station properties can provide a steady stream of income for investors. Appreciation in value: As the popularity of hill stations continues to grow, property values are likely to appreciate, providing a potential long-term investment opportunity.

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