India, Nov. 29 -- Owning a luxury holiday home requires a substantial investment and ongoing maintenance. Co-ownership is emerging as a smarter alternative, letting multiple investors share the costs and benefits while enjoying the perks of ownership without the usual hassles. Today, several platforms offer fractional ownership of premium second homes in sought-after destinations such as Goa, Alibaug, Nilgiri, Kasauli, and Wayanad.

In the holiday/second home model, each property is divided into a fixed number of units. Investors receive usage rights based on the number of units they hold, typically for a set number of days each year. Since the property is meant for personal use rather than leasing, investors do not earn rental income or ...