Following the epidemic, second homes in India have become more popular as people flee polluted cities and regard them as great investments. In Himachal Pradesh and Uttarakhand, Jim Corbett, Rishikesh, Nainital, and Kasauli are popular vacation rental destinations.

Branded rental villas are leading the Indian hospitality industry's change. According to a professional analysis, this growing business was worth $329.6 million in 2023 and is expected to reach $1377 million by 2028, growing at over 33% annually.

From January 2022 to October 2023, Indian real estate developers bought 3,294 acres of property, 44.4% of which was in Tier 2 and 3 cities.

Eldeco Group has bought a 30-acre Himachal Pradesh plot for luxury holiday villas. To meet rising demand for holiday homes, the company is considering other projects in Uttarakhand and Goa.

After Sebi proposed to regulate all online platforms that allow fractional ownership of real estate assets, experts expect holiday home fractional ownership, which is still new in India, to gain support.

In October 2022, Mumbai, India's biggest and most expensive real estate market, continued to collect stamp duty at a record rate, as the holiday season spurred home-buying activity.