Our goal is to make holiday homes accessible to a wider audience: Saurabh Vohara, ALYF
ALYF is a tech-enabled fractional ownership platform that makes holiday home ownership accessible & hassle-free through its smart ownership model. Currently having 9 projects in locations such as Goa, Lonavala and Alibaug, it has plans to expand to international destinations by the middle of next year. And over the next 12 months, its goal is to have over 100 holiday homes in its portfolio.
“The surge in vacation rentals has subsequently led to an increased demand for the supply of holiday homes. Given the current growth rate and the incorporation of fractional ownership within the industry, we anticipate that by 2026, the market could reach a market size ranging from $10 to $12 billion,” says Saurabh Vohara, Founder & CEO at ALYF.
In an exclusive interview with Sanjeev Sinha, Mr Vohara talks about the reasons behind the exponential growth in holiday homes in India, current trends in the segment, ALYF’s growth model and shares his business outlook. Excerpts:
As per a research report by 360 Realtors, India’s retirement and second home (RSH) villa market is currently growing at a CAGR of 23.63% and is set to reach a market size of over $4 billion by 2026. Taking other complementary verticals such as vacation villas and serviced apartments into account, the aggregate size is even bigger. What, in your opinion, is driving this kind of growth in this segment?
The substantial growth of this market can be attributed to various factors, with a significant driver being the consistent increase in vacation rentals, as revealed by recent data published by Airbnb, showing a remarkable year-on-year growth of 100%. This surge in vacation rentals has subsequently led to an increased demand for the supply of holiday homes. Given the
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