Housing supply in popular hill stations like Nainital, Shimla, and Dehradun has declined significantly, creating a supply-demand mismatch that may push property prices higher. Key insights on current pricing, investment benefits, and factors to consider before buying holiday homes.

With NCR’s pollution levels soaring, interest in second homes in hill stations like Dehradun, Kasauli, Rishikesh, Nainital, and Shimla has skyrocketed. Queries for these scenic getaways have more than doubled, as middle-class buyers from NCR seek budget-friendly escapes within driving distance.

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.