Port Blair is witnessing a notable surge in its luxury real estate market, especially in the picturesque Corbyn’s Cove area. Demand for high-end homestays and upscale residential properties has driven prices up by 8%, with values now ranging between Rs 80 lakh and Rs 120 lakh. This growth is largely fueled by local tourism operators and investors who recognize the potential of luxury hospitality in this scenic coastal region.

Corbyn’s Cove, known for its pristine beach and tranquil environment, has increasingly attracted affluent buyers looking for premium homestay projects. These properties cater to tourists seeking exclusive and comfortable accommodation options, blending natural beauty with modern amenities.

The surge in prices also reflects a broader trend of increased tourism activities in Port Blair, which continues to recover and grow after recent disruptions. Local operators have been proactive in developing luxury properties that not only appeal to tourists but also offer sustainable investment opportunities for stakeholders.

As the demand for luxury realty rises, the local market is expected to see more developments catering to high-net-worth individuals and premium hospitality services. This trend is set to boost the overall economic activity in Port Blair, further solidifying its position as a premier destination in the Andaman and Nicobar Islands.