We have Got our Own Cottage in Ooty !!!
Timeshare is an arrangement whereby several joint owners have the right to use a property as a holiday home under a time-sharing scheme.
A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week and almost always the same time every year) in which they may use the property. Units may be on a partial ownership, lease, or "right to use" basis, in which the sharer holds no claim to ownership of the property.
The resort in which you have bought your week is called your Home Resort. You are entitled to spend that particular week, say from the first Saturday in February, in your home resort for as many years as you have paid for. In other words, your single investment will give you a week's vacation accommodation, every year, in your home resort, for the next few years.
Most people, however, do not want to spend their vacation at the same resort at the same time every year. They seek variety. This is the real essence of Timeshare.
If your home resort belongs to a Timeshare exchange organisation, then you have the option of banking your Timeshare week with the organisation and exchanging it for a week in another Timeshare resort.
You can invest in Timeshare anywhere in the world but it's easiest to invest in a Timeshare property in India.