Unlock luxury getaways: Should you become a fractional owner of a holiday home?

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Also Read: Small & Medium REITs framework to boost property fractional market growth by 10 times to $5 bn, say industry players Fractional ownership of holiday homes helps to overcome the issues faced by the second home market. Mayur Raj Kapoor, Co-Founder & CEO, BRIK itt shared that he introduced fractional ownership of holiday homes to address these problems. “There are three main issues we identified in the second home market.

First is affordability, as buying a second home in India is a distant dream for many. Second is the challenge of managing and maintaining the property, especially when it’s far from your primary residence. Third is underutilization, as holiday homes are often used for only a fraction of the year," said Mayur.

Mayur added that this platform offers a minimum ticket size starting from four to five lakh rupees, going up to 50-60 lakh rupees. This affordability factor makes it accessible to many individuals, including CXOs, professionals, and even those with a budget constraint. Shravan Gupta, Founder and CEO, YOURS Second Homes, shared that fractional ownership of luxury homes enables individuals to enjoy the benefits of owning a luxurious second home without the hassle of managing it entirely on their own.

“Around the world, individuals often possess second homes, ranging from farm houses nestled in the hills to beachfront properties. These secondary residences are utilised for approximately 22 to 25 days annually. However, for the remainder of the year, these properties require ongoing maintenance, such as running swimming pool filters and tending to gardens.