Source: Incredible Goa ( http://bit.ly/3RGqzd8 )

Goa has always had a sweet spot amongst NRIs. The falling value of the rupee is a disguised boon for non-resident Indian (NRI) investors, allowing them to purchase luxury properties with comparatively less capital.

The housing market is expanding at an unprecedented rate. The government’s sectoral reforms and people-centred initiatives have brought about much-needed transparency. There is also a surge in demand for high-end houses. Metros such as Mumbai, Delhi, and Gurgaon are the preferred destinations for luxury housing. While they continue to be the hot favourites, Goa too is now emerging as India’s primary destination for luxury and ultra-luxury properties. 

The decline of INR and increased NRI demand
Goa has always had a sweet spot amongst NRIs. The falling value of the rupee is a disguised boon for non-resident Indian (NRI) investors, allowing them to purchase luxury properties with comparatively less capital. Sotheby’s India International Realty highlighted that 31 per cent of HNIs cited a solid investment opportunity as the primary reason for purchasing real estate in the past 18 months, demonstrating the development of HNIs; bullish attitude toward luxury real estate and their hope that home values will rise, according to the poll.

Goa’s modern-day homes and thoroughly crafted villas in idyllic settings are catching the fancy of NRIs, and they are betting big on this region. 

Smart houses and healthy living
A luxury property offers inclusive spaces with qualitative points of a home office, study rooms, gym, entertainment, green open spaces, and more.

Super connectivity
Goa has always been a well-connected state, and things are expected to get even better once the MOPA airport becomes operational.

Growth of Nurturing gated communities
Post the pandemic, while people want to live in large houses that can be used both for work and pleasure, they also desire excellent neighbours and to rub elbows with like-minded individuals.

Sustainability
As opposed to focusing on purely monetary considerations, sustainability is driving the future of luxury holiday homes, with an emphasis on intangibles like creating meaningful connections with customers and feeling good about contributing to the environment.
Goa’s hidden natural and cultural beauty has helped the state attract many tourists over the years. Now with the work-from-home culture becoming a norm, more people are looking at making Goa their forever home.