Goa cannot be defined as a single idea. The entire aura of Goa is dynamic with a multifaceted angle that has something to catch the attention for everyone. It is a very popular tourist destination attracting several tourists every year. It is blessed with natural beauty like the beaches, rivers and forests. As far as education goes there are several prestigious educational institutes. The year 2018-19 has seen the boom of start-ups in Goa and the vision is to turn Goa into a start-up hub soon. All these features of Goa make it the right place to live in and hence one can confidently be assured that it is the right time to invest in real estate in Goa.
Classic Squares one of the top builders in Goa, after being in the industry for over a decade has seen the boom and interest that the real estate industry has received over the last 4 to 5 years in Goa. They say that any state which provided a rise in economic opportunities will lead to a rise in real estate. A realty boom will only mean that prices will be competitive and will open a period in time where investments in housing will take a forefront position. Goa being a start-up friendly location has already begun to witness this phenomenon.
The options for buyers in Goa are plenty. Real estate in Goa is diverse and is not limited to any particular kind. You can choose from beach houses, residential colonies with a large number of apartments for sale in Goa, independent bungalows, duplexes, row villas and so on. Real estate developers in Goa provide their clientele with a wide range of options to choose from.
The confidence in people investing in real estate in Goa lies in the fact that you can recover 4.58 per cent of the property cost per year once you invest in a property in Goa. The rate of rentals in Goa is high and the demand for rentals is great owing to Goa’s reputation of being a popular tourist destination in India. The market is flooded with foreign and domestic tourists who prefer residing in rented apartments than hotels at most times.
As far as infrastructure goes, Goa is seeing a boom in development from roads to bridges. This has facilitated travelling and connectivity between places thus increasing real estate investment. Goa also has good educational and healthcare facilities which are a must for anyone deciding to make a life in Goa. Goa is excellently connected to other parts of the country by road, rail and air.
The cost of living in Goa is much less than other parts of the country and the people are very friendly. The crime rate is very low and these factors contribute to families deciding to start a life in Goa by investing in real estate.
As far as locations go, the popular choice of investing in property in North Goa are in Calangute, Baga, Candolim, Sinquerim, Arpora, Vagator which are famous coastal stretches and areas of Pomburpa, Porvorim which are on the rise now. As far as South Goa goes the popular areas are Colva, Benaulim, Varca-Cavellosim coastal belt and Palolem.
If you are looking at building on your dreams and investing in a home, the time is right and the time is now.
