Latest news with #Eldeco
Time of India
30-05-2025
- Politics
- Time of India
Students feted for academic brilliance at Times NIE Awards
Lucknow: About 1500 students from 30 schools were felicitated for their academic achievements in classes 10 and 12 at the Times NIE Merit Awards 2025 on Friday. The event was organised by the Times NIE, in association with Team Talks on Friday. Tired of too many ads? go ad free now An education fair was also organised, providing a platform for students to interact with representatives from various universities. The fair will offer counselling and career guidance, helping students make informed decisions about their future academic paths. The event was graced by Justice Shamim Ahmed of Madras High Court as the chief guest. The guests of honour included, chairman of the Islamic Centre of India and Shaheen Academy, Maulana Khalid Rasheed Firangi Mahali. "Education is the most empowering tool we can offer our children. Celebrating academic excellence not only motivates young minds but also strengthens the foundation of our society. I congratulate all the awardees and urge them to use their knowledge for the betterment of the nation," said Justice Shamim Ahmed. Students at the education fair explored a wide range of academic programmes, gaining clarity about their future career paths. Universities present at the event provided personalised guidance, helping students make informed decisions about their higher education. Schools in attendance included Delhi Public School (Jankipuram, Gomti Nagar Extension, Eldeco), Stella Maris School, Aashiana, and Springdale Colleges from Gomti Nagar, LDA, and Indira Nagar. Avadh Collegiate was represented by its DK and RG campuses, alongside Army Public School, Nehru Road (Cantt) and Pioneer Montessori Schools from Eldeco and Vikas Nagar. Other notable schools were Career Convent Girls College, Unity College, Children's Academy, Modern Academy Gomti Nagar, SDSN Gomti Nagar, Vardhaan International School, Kunskapsskolan School, Excellia School, and Central Academy (Jankipuram and Vikas Nagar). Also present were The Lucknow Public Collegiate (Jopling Road and Sharda Nagar), Lucknow Public School, Sahara States, and The Millennium School.
Economic Times
12-05-2025
- Business
- Economic Times
Why only sentiment should not drive your decision to buy second home; ensure it yields good returns, is a strategic investment
Luxury within reach Health and wellness Is it a smart investment? Live Events A word of caution Strategy, not sentiment India is witnessing strong demand from first-time homebuyers, while an increasing number of high-net-worth individuals (HNIs) are investing in second or holiday homes. This trend— driven by lifestyle upgrades in scenic locations like Goa, Himachal, and Coorg—has gained momentum since the pandemic. The 2025 Luxury Residential Sentiment Survey by India Sotheby's International Realty supports this shift: 54% of respondents expressed interest in buying or upgrading a second home. It's not a passing trend but a structural change in lifestyle is the new luxury. Over half of the surveyed HNIs prefer second homes within a four-hour drive. And infrastructure is catching up fast. The New Delhi-Dehradun Expressway is set to cut travel time dramatically, unlocking quick access to weekend favourites like Mussoorie, Rishikesh, and Haridwar. Meanwhile, the widening of NH-44 is smoothing routes to Shimla, Kasauli, and Mashobra — charming Himalayan destinations that now feel much the west and south, places like Alibaug, Lonavala, Goa, and the Nilgiris are seeing rising interest. Mumbai's Trans Harbour Link has made Alibaug commuter-friendly. The new Mopa airport in Goa has further connected this already beloved destination to international and domestic demand is being met by a surge in luxury projects across second-home hotspots. Major developers like Emaar and Eldeco have joined forces with local players to launch villas that blend indoor-outdoor living, smart amenities, and wellness-focused designs. Think private pools, spas, jogging trails, and gyms—all within scenic, secure gated communities. The appeal? These homes offer a physical and emotional escape, a way to unplug from city chaos and reconnect with oneself or family. For many, it's a conscious bet on work-life balance and mental done wisely. Prime locations like Goa, Alibaug, and Kasauli have seen annual capital appreciation of 9–12%, with some parts of North Goa touching 18–20% over the past four years. The real game-changer, however, is short-term rental income. The rise of luxury villa rental platforms has unlocked new revenue streams. Fully furnished beachfront or hillside villas in gated communities can command premium rentals during the holiday season. Chosen well, these properties can deliver annual rental yields of 4–6%—often double or more than what luxury apartments and standalone homes fetch in top-tier cities.A second home is undoubtedly an exciting prospect, but it's important to ask a fundamental question: how often will you or your family use it? If you are not able to spend at least 30-50 days a year there, does it make sense to buy a property and take on the financial and logistical burden of maintaining it? In such cases, it might be more practical—and enjoyable—to simply rent a fully furnished villa on Airbnb or stay at your favourite trade-off with buying a second home is that it must either be used extensively or deliver strong returns to justify the investment. If you're viewing it purely as an investment, keep in mind—it's a complex one. Liquidity is a major concern, as selling a second home during a market slowdown can take longer than selling a primary or city-based property. And ongoing maintenance is non-negotiable. Besides, in India, homes in rural areas (hill stations, far-off locations) might still get sold part-cash, part-cheque. In an era where tax evasion has become tougher and tax vigilance has become sharper, such transactions are also essential to compare its potential returns with other investment avenues, both within real estate and across other asset plays a key role in determining how often you'll use the property and what kind of returns you can expect. From weather damage and security concerns to the upkeep of high-end amenities like pools or gardens— owning a second home is a hands-on affair, especially if it's a standalone that, in regions like Goa or Uttarakhand, it is important to be mindful of local communities, as sometimes they may not always be welcoming of outsiders purchasing homes. It is also important to consider cultural sensitivities, and community norms which could significantly influence your experience, particularly if you plan to build or buy an independent must also ensure title clarity, as unpaid taxes, disputed inheritances, or incomplete documentation can hinder sales or rental income. Moreover, Indian inheritance laws, FEMA regulations, and tax liabilities can make property succession especially complex for NRIs. A legally sound will, proper succession planning, and a trusted local Power of Attorney are essential to safeguard the value and legacy of a second though, must align second home investments with their broader portfolio strategy. We recommend capping second-home investments at 25% of one's total real estate allocation. This ensures a balanced mix of capital appreciation potential, rental yield, and liquidity short, second homes have evolved from being emotional or occasional getaways into serious lifestyle investments. They offer dual rewards; a place to unwind and a portfolio asset that works if chosen well. Like all smart investments, second homes require more than a scenic view. They demand clear thinking, clean paperwork, and a well-thought-out plan to work for you.
Time of India
12-05-2025
- Business
- Time of India
Why only sentiment should not drive your decision to buy second home; ensure it yields good returns, is a strategic investment
Luxury within reach Health and wellness Is it a smart investment? Live Events A word of caution Strategy, not sentiment India is witnessing strong demand from first-time homebuyers, while an increasing number of high-net-worth individuals (HNIs) are investing in second or holiday homes. This trend— driven by lifestyle upgrades in scenic locations like Goa, Himachal, and Coorg—has gained momentum since the pandemic. The 2025 Luxury Residential Sentiment Survey by India Sotheby's International Realty supports this shift: 54% of respondents expressed interest in buying or upgrading a second home. It's not a passing trend but a structural change in lifestyle is the new luxury. Over half of the surveyed HNIs prefer second homes within a four-hour drive. And infrastructure is catching up fast. The New Delhi-Dehradun Expressway is set to cut travel time dramatically, unlocking quick access to weekend favourites like Mussoorie, Rishikesh, and Haridwar. Meanwhile, the widening of NH-44 is smoothing routes to Shimla, Kasauli, and Mashobra — charming Himalayan destinations that now feel much the west and south, places like Alibaug, Lonavala, Goa, and the Nilgiris are seeing rising interest. Mumbai's Trans Harbour Link has made Alibaug commuter-friendly. The new Mopa airport in Goa has further connected this already beloved destination to international and domestic demand is being met by a surge in luxury projects across second-home hotspots. Major developers like Emaar and Eldeco have joined forces with local players to launch villas that blend indoor-outdoor living, smart amenities, and wellness-focused designs. Think private pools, spas, jogging trails, and gyms—all within scenic, secure gated communities. The appeal? These homes offer a physical and emotional escape, a way to unplug from city chaos and reconnect with oneself or family. For many, it's a conscious bet on work-life balance and mental done wisely. Prime locations like Goa, Alibaug, and Kasauli have seen annual capital appreciation of 9–12%, with some parts of North Goa touching 18–20% over the past four years. The real game-changer, however, is short-term rental income. The rise of luxury villa rental platforms has unlocked new revenue streams. Fully furnished beachfront or hillside villas in gated communities can command premium rentals during the holiday season. Chosen well, these properties can deliver annual rental yields of 4–6%—often double or more than what luxury apartments and standalone homes fetch in top-tier cities.A second home is undoubtedly an exciting prospect, but it's important to ask a fundamental question: how often will you or your family use it? If you are not able to spend at least 30-50 days a year there, does it make sense to buy a property and take on the financial and logistical burden of maintaining it? In such cases, it might be more practical—and enjoyable—to simply rent a fully furnished villa on Airbnb or stay at your favourite trade-off with buying a second home is that it must either be used extensively or deliver strong returns to justify the investment. If you're viewing it purely as an investment, keep in mind—it's a complex one. Liquidity is a major concern, as selling a second home during a market slowdown can take longer than selling a primary or city-based property. And ongoing maintenance is non-negotiable. Besides, in India, homes in rural areas (hill stations, far-off locations) might still get sold part-cash, part-cheque. In an era where tax evasion has become tougher and tax vigilance has become sharper, such transactions are also essential to compare its potential returns with other investment avenues, both within real estate and across other asset plays a key role in determining how often you'll use the property and what kind of returns you can expect. From weather damage and security concerns to the upkeep of high-end amenities like pools or gardens— owning a second home is a hands-on affair, especially if it's a standalone that, in regions like Goa or Uttarakhand, it is important to be mindful of local communities, as sometimes they may not always be welcoming of outsiders purchasing homes. It is also important to consider cultural sensitivities, and community norms which could significantly influence your experience, particularly if you plan to build or buy an independent must also ensure title clarity, as unpaid taxes, disputed inheritances, or incomplete documentation can hinder sales or rental income. Moreover, Indian inheritance laws, FEMA regulations, and tax liabilities can make property succession especially complex for NRIs. A legally sound will, proper succession planning, and a trusted local Power of Attorney are essential to safeguard the value and legacy of a second though, must align second home investments with their broader portfolio strategy. We recommend capping second-home investments at 25% of one's total real estate allocation. This ensures a balanced mix of capital appreciation potential, rental yield, and liquidity short, second homes have evolved from being emotional or occasional getaways into serious lifestyle investments. They offer dual rewards; a place to unwind and a portfolio asset that works if chosen well. Like all smart investments, second homes require more than a scenic view. They demand clear thinking, clean paperwork, and a well-thought-out plan to work for you.
