Quote on Budget 2025-26 from Mr. Sudhir Pai, CEO, Magickbricks
“The government’s plan to develop 50 top tourist destinations will boost local economies and drive real estate growth. Improved infrastructure and rising tourism are increasing demand for residential, commercial, and hospitality properties, making these areas prime investment hubs.
Lifestyle destinations like Goa, Nainital, and Dehradun are already witnessing strong buyer interest, as investors explore opportunities for long-term gains, holiday homes, and short-term rentals. The trend highlights a growing preference for second homes that double as income-generating assets, further fueling real estate expansion in these high-demand locations.”
Magicbricks research has observed a significant rise in residential demand across markets influenced by thriving tourism.
Prayagraj (28% YoY increase), Varanasi (18%), Puri (52%), and Shirdi (67%).
Nainital saw a remarkable 60.89% increase in demand over the past year, while Dehradun observed a 43% increase, followed by Shimla (34%), Karnal (28%), and Rishikesh (26%).
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