New Delhi: Keen to buy into a sprawling Portuguese villa, set in cashew farms or lush-green paddy fields, in South Goa’s famed Salcete beach belt, like the well-heeled Brits do in balmy Algarve? Or, part-own a massive British-era estate in Uttarakhand’s Lake District that rivals the Cumbrian original in the season of mists and mellow fruitfulness? With second-home fractional ownership, a highly popular practice in Europe’s richer neighbourhoods and the US, gaining currency in India, doing so would need you to neither break the bank, nor sacrifice returns on investment. “Fractional ownership of luxury homes, though relatively novel in India, is a well-accepted concept in developed nations,” said Shravan Gupta, founder and CEO, Yours, which specialises in holiday-home ownership. “This…
