When every segment of an Industry is getting specialized, why niche market of real estate can’t be specialized? Real estate in hill stations is niche market comparing to the market size of real estate in plains and cities. It is unique in many ways, be it terms, norms or property category and one of the toughest segment in real estate. Hills & Wills pioneered in identifying this scenario and transforming the hill station real estate to at par level through its innovative online real estate solution exclusively for hill stations.
In real estate at plains whether it is urban or rural, the buyers may or may not be in the same locality but the probability of them being in remote location is very less. But in the hill station real estate, buyers are mostly located far away from the hills.
This is due to the reason that the hill station real estate is purely depending on the second home buyers from cities in plains for the purpose of summer home, vacation home, social status, stress buster home, retirement home or buyers from cities for investment in hills. The segment of local buyers from the same hill station nativity is almost negligible.
This makes the real estate in hill station tougher than at plains. Traditionally, the hill property owners were solely dependent and engaged the local real estate agency or agents to sell property in hills and they had limitation in reaching out to the buyers in cities and plains. Hence there was a difficulty in liquidating the hill station properties when there was urgency for the owners and it became the bottle neck for the investors to invest in hill stations. That’s how hill station real estate was confined as a niche market for centuries.
The property portals and online sources in the last 10 years made few tasks of the hill property selling process easier and the real estate in hills started to grow and made a remarkable impact on the traditional business of local real estate agencies and agents in hill stations.
But these online property portals are not without deficiency. Some of the major setbacks are
Understanding these difficulties faced by hill property sellers, Hills & Wills launched a navel online real estate platform specially and exclusively designed for hill station real estate market – First of its kind in India wherein the sellers have got liberty to specify their hill property preciously about the altitude, climate, terrain, plantation, etc and display it impressively than in the traditional online property portals which means more buyer attractions, quick sale and best price when listed in Hills & Wills.
It also extends support from listing the property online till scheduling the registration of the property under unique Ad plans and became a boon to the hill property sellers especially who are located remote from hills. Introduced a ground-breaking pay upon sale kind of advertisement plans to sell property in hill stations and extended validity for the ‘Free listing plans’ for the first time in the history of online property portals.
This is an absolute transformation and new dimension of hill station real estate. All the puzzles like How to sell property in hills? Where to advertise hill property to get fair price and quick sale? are resolved and now buy or sell property in hill station is much easier than at plains with Hills & Wills.
6 Reasons for Home Seekers to Make their Dream a Reality in Ooty
Hill stations are the most sought after destinations for home buyers dreaming to own personal space. Research studies on the real estate market have produced strong evidence supporting the result of the studies. Amongst the search for home destination at an elevated spot above sea level, Ooty crowns the list as the Queen of Hills.Fate of Real Estate Business Post COVID-19
Pandemic COVID 19 affected the entire world, most of the stock markets and business spectrums. The present 21 days lockdown and curfew at India for self-isolation and social distancing to control it, might lead to a change in the social scenario of reduced spending and increased saving habit among Indians post COVID-19. While some niche real estate segments like villages and Hill stations are likely to see a boom because they are the best place for social distancing which is the need of the day, analyzed by Hills & Wills, best real estate company in Kodaikanal.