Waterfront Properties in India: A Study of Market Demand and Value

Waterfront properties have always been a hot commodity in the real estate market, globally. In India, the demand for these properties is steadily increasing, making them a lucrative investment for homebuyers and property developers alike. This article aims to explore the current market demand and value of waterfront properties in India.

Waterfront properties are defined as those properties that are situated on the edge of a water body, be it a lake, river, ocean or any other water body. In India, these properties are mainly located along the coastal regions of Goa, Mumbai, Kerala, and Karnataka. These regions have seen a spike in the demand for waterfront properties due to the scenic views, serene environment, and proximity to water-based activities.

Market Demand

Waterfront properties are on high demand in India, as many house buyers are looking for homes that will provide them with a peaceful and tranquil environment. These properties offer calming views, natural beauty, and a place to escape the hustle and bustle of city life. Moreover, owing to their location, many such properties are equipped with world-class amenities and premium facilities, such as private beaches, yacht clubs, and other water sports activities. Thus, developers have identified this demand and have started to invest in these types of properties.

According to a report by International Property Show, India currently ranks 3rd among the top destinations globally for buying waterfront properties. In addition, there has been an increasing trend in the number of buyers choosing waterfront properties as their second homes. The report suggests that this trend is mainly due to the growing disposable income of people and an evolving lifestyle of the upper-middle-class population.

Market Value

The market value of waterfront properties in India is significantly higher than comparable properties that are not waterfront. This is mainly due to the scarcity of land for new development along India's coastlines. Waterfront homes are exclusive and limited in number, making them a valuable investment. The high-end facilities and scenic views also make them highly sought after.

According to a report by Sotheby's International Realty, properties situated on the edge of water bodies are priced anywhere between INR 3 crores to INR 15 crores in Mumbai and Goa. The prices are primarily based on location, amenities provided, and the size of the property. Properties that are compact yet well-equipped with premium facilities are usually priced higher.

Conclusion

Waterfront properties in India are a great investment choice in today's market. With time, these properties will only appreciate in value, making them a valuable asset to hold. The growing demand for second homes and vacation homes for the wealthy continues to strengthen the market for these properties. The market value of such properties is significantly higher than comparable properties, making them a great investment for developers and homebuyers alike. As an aspiring homebuyer, it is advisable to conduct thorough research and work with trusted real estate agents to make informed decisions while investing in waterfront properties.