Pandemic spurs demand for luxury villas, farmhouses
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Even as the second wave subsides, more enquiries have started pouring in, said property brokers and developers. That has meant the share of such farmhouse and luxury properties has gone up substantially in the top end of the property market, said Amit Goyal, CEO-India at Sotheby s International Realty.
Agencies
International buyers are also looking at buying such luxury properties and subsequently, professional management companies have been roped in to manage these luxury houses.
Bijwasan and Mehrauli – or Tungarli in Lonavala and the Dona Paula waterfront in Goa - are now much more than just weekend homes for the swish set in Delhi or Mumbai. In Covid-ravaged India, where space in townhouses is a luxury even for the rich, luxury villas and farmhouses – often at locations far from the madding crowd – are drawing affluent city buyers.
Updated:
April 07, 2021 16:05 IST
In dire need of a change of pace, holidaymakers are opting for the villa life to work and play
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A family gets together for barbecue and music at SaffronStay Fiesta in Nashik
| Photo Credit:
Saee Bhurke
In dire need of a change of pace, holidaymakers are opting for the villa life to work and play
The villas are alive with the sound of laughter. and the clack of keyboards.
Once weekend getaways and Saturday night party destinations, these sprawling homes are now occupied through the week as families and WFH professionals discover the perks of taking ‘villacations’.
A month into 2021, these women entrepreneurs have sealed important funding deals
From managing public transport to popularising traditional Indian handicrafts, these women led-startups have raised funding this month.
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One of the biggest difficulties that entrepreneurs face is raising funds from the right investors. The process is even more challenging for women entrepreneurs.
Despite a 11-time increase in women entrepreneurs in the tech space between 2018 and 2020, they secured only 1.43 percent of the funding deals between this period, according to the State of Women in Tech Entrepreneurship, a report released by
MAKERS India and YourStory Media.
However, several women have managed to close successful funding deals even as the economy slowed down last year due to the COVID-19 pandemic.
[Funding alert] Hospitality startup Vista Rooms raises Rs 10 cr led by DSG Consumer Partners
Co-founder Ankita Sheth said they plan to scale their network of properties to over 1000 within the next 18-24 months
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raised Rs 10 crore in funding led by
DSG Consumer Partners. Other investors including CA Holdings, Artha India Ventures and Anand Ladsariya also participated in this round.
Speaking about the raise, Ankita Sheth, Co-Founder of Vista Rooms said,
“We have seen an exciting secular shift in traveller behaviour: homestays are becoming the vacation of choice, encouraged by WFH and online school. As people become comfortable with the concept of staycations, we have seen our customers return for more bookings in new locations and homes. This sudden but lasting lifestyle change is an opportunity for Vista that is already leading to exponential growth.