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Agrocorp Landbase has announced a premium second-home project, Vacation Village, in Chikkamagaluru, with a projected revenue potential of around INR 200 crore and a saleable area of 0.55 million sq ft. The launch comes as India's leisure housing segment records sustained growth, with demand rising 30-40% since 2020 and annual expansion estimated at 18-22%. Located within driving distance of Bengaluru, the project is positioned as a plotted hill-home community catering to second-home buyers seeking a mix of lifestyle use and long-term investment, reflecting evolving residential preferences in post-pandemic urban markets.
Agrocorp Landbase has launched Vacation Village, a premium second-home development in Chikkamagaluru, with an estimated revenue potential of INR 200 crore, as demand for leisure housing continues to strengthen across India. The project, announced in the past week, spans a saleable area of approximately 0.55 million sq ft and is being positioned as a plotted residential community targeting buyers seeking holiday homes within accessible distance of urban centres such as Bengaluru. Advertisement
The development is located in Karnataka's coffee-growing belt within the Western Ghats, a region that has seen increasing interest from metropolitan buyers due to its climate, landscape and proximity to major cities. Industry estimates indicate that demand for second homes has risen by 30-40% since 2020, supported by hybrid work adoption, higher disposable incomes and shifting lifestyle preferences. Annual growth in the segment is currently estimated at 18-22%, with leisure housing emerging as a key sub-segment within residential real estate.
Vacation Village is structured as a plotted development with a defined architectural framework, incorporating a Neo-Classical design theme. Buyers will have the option to invest in land parcels while adhering to prescribed design guidelines for construction, enabling a balance between individual ownership and overall community planning. The project is designed to integrate residential use with natural surroundings, reflecting a growing preference for nature-led living environments.
Company representatives indicated that the development is part of a broader strategy to create planned second-home communities with integrated infrastructure and defined layouts. The approach, they conveyed, is to move beyond fragmented land purchases by offering structured developments that provide clarity in design, services and long-term management.
Plots in the project are priced starting from approximately INR 50 lakh, with early traction reported ahead of the formal launch. Around 10% of the inventory has already been booked, suggesting initial demand from urban buyers seeking second-home investments. This trend aligns with broader market observations, where projects in the INR 100-300 crore range are increasingly being introduced across leisure destinations, including hill stations and coastal regions.
Industry reports from property consultants indicate that second homes are no longer viewed solely as discretionary purchases but are being positioned as hybrid assets that combine personal use with potential capital appreciation. Locations within driving distance of major metropolitan areas have particularly benefited from this shift, as buyers prioritise accessibility alongside lifestyle considerations.
The launch of Vacation Village reflects a wider transition in India's leisure housing market, where developers are focusing on curated, managed communities with defined infrastructure. As demand continues to evolve, such developments are expected to play a larger role in shaping the second-home segment, particularly in destinations that offer a combination of connectivity, natural appeal and organised planning frameworks.
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