Present scenario of real estate in Goa
The magnificent scenic beauty coupled with the architectural splendors of temples, churches and old houses have made Goa a favorite destination of millions of travelers around the world. Since years, Goa has been attracting tourists from all over the world but now this state has a lot more to boast about. The market is shinning as more and more realtors are coming up with various attractive projects. Realtors are confident to get lucrative yields from this state.
As every investor tries to opt for investing in property that is suited strategically near scenic surroundings, there are excellent prospects of seeing a boom to real estate business in Goa. The developers aim not only to cash in on the sprawling beach attraction of the state for higher returns but also plan to target a huge market that includes both national and international buyers. These real estate developers are looking to provide a value-add on the basic amenities of everyday life-style to buyers. All those who are planning to buy a property in Goa, a whole package of attractive amenities will be thrown open to them. Though the property rates are sky rocketing in this state, yet it is more affordable than buying property in metros.
Future prospects of real estate in Goa
Renowned for its beaches, lush forested hills, swaying coconut tress, places of worship and world heritage architecture , property market of Goa is anticipated to grow by leaps and bounds in the coming times. Goa is undergoing a major paradigm shift with companies buying large industrial and commercial spaces to develop glitzy shopping malls and exclusive showrooms. Goa real estate certainly offers high levels of capital growth. The Konkan Railway between Goa and Panvel is expected to give a boost to tourism while the Sky Bus will improve internal transportation. Builders believe that hike in the price of land will increase at an average of 8%. Besides state's plans to develop SEZs, IT parks and have broadband connectivity will sure add value to any investment. Having the 'highest standard of living' makes it a good option as a holiday home or even a retirement option.
Prime factors that make Goa the best destination for real estate are:
- Higher per capita income ratio.
- Well connected with rest of the India.
- Widespread telecom network.
- Majority of the airlines operate flights between Goa and major foreign cities.
- Lowest crime ratio
Goa Real Estate
