Goa emerges as new hotspot for young professionals
Source: ET Now News ( https://bit.ly/3ZJncq9 )
Goa is emerging as one of the important destinations for the real estate market. Due to its beautiful coastline, low air quality index (AQI), and exceptional rental yields, the state is drawing a new demographic – young professionals looking for both lifestyle and profitable investments.
Goa Real Estate Market
According to a report, inquiries for real estate in Goa from millennials (ages 25-40) rose by over 90 per cent between 2018 and 2023, with 35 per cent of these focused on villa properties. The combination of work-from-anywhere flexibility and rising disposable incomes is enabling this demographic to invest in Goa’s booming villa market.
“Young professionals are investing strategically, viewing villas not just as second homes but as income-generating assets,” says Ravindra Gandhi, Founder and Managing Director of Tirasya Estates. “In peak seasons, villas can command nightly rentals of Rs 15,000 to Rs 50,000, offering unmatched ROI when compared to other markets.”
“Goa offers a unique proposition for young professionals: a blend of lifestyle enhancement and high returns on investment,” adds Ambika Saxena, Director of corporate Communications, at Bayside Corporations. “It’s not just about owning a home; it’s about securing a financial asset that grows while offering personal value.”