When its Friday, it’s time to make stories to tell on Monday! And if you happen to be a travel addict like my family, spending time by the lake, or sticking your leg out from the edge of the cliff may seem like just the ideal nonsense to do all weekend long. So, I can’t help but wonder what are the best locations for a possible second home near Mumbai. If not today, then possibly sometime in not-so- distant future.
The benefit of identifying a location early-on is that it helps arrive at the approximate budget we need to set aside. The EMI & mortgage calculator helps figure your loan, estimate your payments, and gives a direction to start saving up for that dream second home.
So, here is the list of some of the best locations near Mumbai that may help you in the process.
Best locations for second home near Mumbai
I feel, second homes, so to say should also be part-time primary homes. And that’s only possible if they are in locations where people can still drive back to their offices on Monday morning. Here are some locations for weekend home that are listed in order of their distance from Mumbai.
1. Uttan Beach: 45km from Mumbai
You can choose from Oceanfront to mountain top bunglows near Pali chowk road, Dongri, Mira Bhayandar
2. Karjat : 65km from Mumbai
Karjat is all about luxury, large treelined farmhouses or sprawling riverside second homes.
3. Khopoli & Durshet : 75km from Mumbai
Weekend homes here come with picturesque backdrop set against the Sahyadri mountains, uncountable nature trails.
4. Manor: 90km from Mumbai
I like Manor as it’s by the Vaitarna riverside. It’s really easy to get in and out of Manor as it’s right on the Mumbai Ahmedabad Highway.
5. Matheran: 95km from Mumbai
The foot hills of Western Ghats has second weekend home, row house, apartment or plot for every style, size and pocket.
6. Wada: 100km from Mumbai
Elegant, modern or minimalist, build a villa here that you like. Wada is ahead of Manor on the Mumbai Ahmedabad Highway
7. Alibaug: 100km from Mumbai
The Goa of Maharashtra is now just an hour by the RO-RO ferry. Bustling with part hoppers, holiday goers this seaside town is also the costliest of all.
8. Lonavala: 85 from Mumbai
Blessed with best weather and boasting an unmatched infrastructure, Lonavala is the place to be if you want to play it safe. This town is in party-mode all year around.
9. Igatpuri: 120km from Mumbai
Close to a river, dam, waterfall, tunnels & a lake, Igatpuri is undoubtedly an amazing place for to buy or build a mountain villa or row house.
10. Pune : 150km from Mumbai
Alongside the Western Expressway highway is a good place to look for practical second homes. This location will be good value for money as its closer to the city.
11. Nashik: 160km from Mumbai
The wine country! Need I say any more.
2nd homes near Mumbai by reputed developers
1. Kalpataru Amoda Reserve – Lonavala
Area 2638 Sq.ft To 5291 Sq.ft. Starting 3.8 cr
2. Hillcrest Resort and Villas – Karjat
Area 1600 Sq.ft to 3000 Sq.ft. Starting 80 lacs
3. The Serenes – by Mahindra Lifespaces – Alibaug
2,024 Sq.ft to 2,481 Sq.ft. Starting 2.5 crs
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Best sites for buying second home near Mumbai
I found some good options on http://www.weekendproperties.in/ and OLX. You can also search on real estate property portals like 99acres, nobroker etc.
But, why buy a second home?
Let’s say, with lockdown and ease of WFH, buying a second home near Mumbai is surely becoming more fashionable than ever. A beautiful place, your own, possibly a villa, to spend long weekends and holidays. There are several other reasons for buying a second home such as :
– It can be for investment purposes.
– Generate some steady extra income. It’s so much easier to put out a property on Airbnb today!
– Also, owning a much larger place, considering how astronomical or let’s say cosmological real estate prices are in Mumbai.
Things to consider when looking for second home options near Mumbai
Resale value, servicing expense, staff availability & weather.
Second Home Loan Calculator – Tips
- Buy a furnished home
- Make higher down payment to negotiate a lower interest rate
- Take loan from your original lender as you may get better interest rate
- Use an EMI calculator at different tenures to arrive at most optimal plan that suits you
And if you have been just dreaming about buying the most perfect second home near Mumbai, there has not been a better time than now.
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