58% of rich Indians want to buy farmhouses, hill stations preferred location: Report

The COVID-19 pandemic may have shifted many homebuyers' attention towards the need for a bigger house; however, India's high net worth individuals (HNIs) have set their eyes on farmhouses or similar properties. According to the latest research report by 360 Realtors, 58 percent of the 400 HNIs it surveyed want to buy farmhouses or other related properties in the near future.

According to the report, close to 26 percent of the respondents are willing to invest around Rs 1.5-3 crore while around 13 percent of the respondents are willing to invest between Rs 3 crore and Rs  5 crore.