There are many locations in India which have over the last few decades emerged as weekend hotspots offering weekend homes, including Lonavla, Igatpuri and Alibag (in Maharashtra), Shimla, Mussourie and Nainital (in Uttarakhand), Kasauli (in Himachal Pradesh), Wayanad (in Kerala), Ooty (in Tamil Nadu), Coorg (in Karnataka), among many others.
All these weekend getaways offer serenity, good weather and good infrastructure with all modern amenities, which makes them such a draw with the tourists. Also, since these tourist destinations are located within a radius of 2-3 hours travel time by road or by air from a major city, the potential for earning good rental income is high, apart from the premium value (capital appreciation) that properties in good locations command.
Of course, it must be remembered that an investment in a weekend home involves costs that need to be incurred on maintenance and upkeep of the home. If the home is offered on rent to tourists, the rental income must be sufficient enough to meet the costs of maintenance and upkeep. However, if the owner proposes to keep the home only for his personal use, the income of the owner should be sufficient enough to meet these costs. If these financials aspects are taken care of, it does make sense to invest in a weekend home.