In the recent few years, the trend for a destination wedding in India has experienced a significant upsurge.
According to a recent Wedding Tourism report presented by MRSS India, out of the total Rs. 1,10,000 Crore market for weddings in India, destination weddings account for about 25% of its totality.
The percentage is also expected to double by the end of the year 2020 due to more individuals opting for their nuptials at exotic locations around the country and abroad.
A Glance at India’s Wedding Industry –
- 25%-30% – Annual growth rate of India’s destination wedding industry.
- Rs. 23,438 Crore – Total market size of destination weddings in the country.
- Rs. 45,000 Crore– Expected market size by the end of 2020.
The increasing popularity of such weddings among Indians may be attributed to the easy availability of advances like loans against the property from various financial institutions in the country.
A high loan amount without any end-use restriction has certainly made lavish weddings a reality for the country’s mid-income earners.
As a result, locations around states like Kerala, Rajasthan, Goa, etc. have gained a lot of leverage in the last few years as prospective destinations for weddings.
Following are some of the top locations in the country that make for the best nuptial setting.
- City Palace, Udaipur
This palace in Udaipur is a heritage property and makes for a great venue to bring all wedding dreams to life.
A few portions of the palace have, in recent years, been converted to 5-star heritage hotels like Shiv Niwas Palace, Fateh Prakash Palace, etc. One can book any of these hotels for their nuptials.
Apart from these, individuals can also choose to celebrate their matrimony in historical courtyards like Manek Chowk, Zenana Mahal and Durbar Hall, surrounding the palace.
While this is one of the most luxurious destinations in the city and has even witnessed royal weddings, it also makes for one of the most expensive locations in Udaipur.
- Kumarakom Lake Resort, Kerala
Located in the backwaters of Kerala, this is a luxury resort in the tranquil lake district of Kumarakom. For those looking to tie the knot surrounded by greenery, this resort can make for the perfect setting.
There is a wide variety of accommodation available to this resort. With suites, villas, private pools, houseboats and pavilion rooms, it can provide ample facilities to host your guests with élan.
- Umaid Bhavan, Jodhpur
Another one of Rajasthan’s most popular wedding destinations, it can host the grandest of weddings that one can imagine.
This sprawling sandstone monument is one of the largest private residences in the world – a portion of which has been converted into a heritage hotel.
Famous for hosting royal and celebrity weddings, renting this location for your wedding can come at a steep cost.
Nonetheless, if you avail an advance to cover your destination wedding cost, you can consider this as a prospective location. But before doing so, make sure you are aware of everything you need to know about taking a loan for your wedding.
- Zuri White Sands Goa Resort & Casino
One of the best 5-star resorts in Goa, it is located on the beautiful Varca Beach of Goa.
This beach resort provides modern and luxurious accommodation facilities with plenty of in-house bars, restaurants, spas and even a casino.
The resort also makes for the perfect setting to pull off a beautiful beach wedding. So, if you are planning for a sunset wedding at the beach, Zuri White Sands can be the perfect option for you.
- Taj Falaknuma Palace, Hyderabad
Located at a hill-top about 2000 ft. above the city of Hyderabad, Taj Falaknuma is a beautiful palace with old-world charm.
Owned by the Nawabs of the city, the palace has sweeping marble staircases, beautiful gardens and lavish dining halls adorned with Venetian chandeliers to create the ambience for a wedding worthy of royalty.
- Neemrana Fort Palace, Alwar
Located in Alwar of Rajasthan, this is a 15th-century fort that has been a popular location for destination weddings for quite a long time.
The fort, unlike other hotels and resorts, has a rustic, old-world charm that has still been preserved with utmost care.
You can also choose to tie the knot in a Roman amphitheatre-like setting which can accommodate seating for up to 200 guests.
Apart from these popular destinations in India, you can also check the unbeatable wedding venues under Rs. 20 Lakh abroad that can make for the perfect choice for your nuptials.
But merely renting a location is just the initiation of planning for a wedding. You must also consider all other expenses like travel costs, bridal makeup packages, the cost of hiring a wedding planner, etc.
But if you have a Loan Against Property from financial institutions, you can avail a plethora of benefits that can help finance your wedding with ease. They also provide several pre-approved offers that can make availing the loans faster and easier.
With a high-value amount of up to Rs. 3.5 Crore with this advance, financing your destination wedding and all other associated costs can become significantly easier.
But make sure you check the eligibility and documentation required to avail the loan to complete the process without any hassle.