Demand for holiday homes in Goa by wealthy investors and interest among foreign funds to acquire hospitality assets continue to remain strong, despite claims in certain quarters about a dip in tourism activity, say real estate consulting firms and developers.
Many Non-Resident Indians (NRIs) look to invest in properties back home, driven by favorable government policies, easier access to home loans, and a strong emotional connection to their homeland. If you’re an NRI planning to invest in property in India, here’s what you need to know.
Long-term capital gains (LTCG) tax on property is a crucial consideration for high-net-worth individuals (HNIs) when selling real estate. The tax is applicable on profits earned from selling a property held for more than two years, with rates and exemptions governed by specific regulations. Understanding these rules helps HNIs plan transactions efficiently and reduce tax liabilities.
The government’s concentrated efforts on infrastructure development promise to significantly enhance housing demand. The establishment of the India Infrastructure Fund and emphasis on Public-Private partnerships for infrastructure in the budget is also a game-changer for the real estate industry.
The dream of escaping the chaos of city life, and settling into a peaceful house by the beaches of Goa is one many of us share. But as property prices in Goa soar, this dream feels like it’s slipping further away. Goa is now emerging as a focal point in India’s real estate landscape.
India’s wealthy elite are competing to acquire high-end properties in Goa as a means of enhancing their lifestyle. This trend is driving an increased demand for luxury villas, condominiums, serviced apartments, and second homes.
High net worth individuals are vying to own premium properties in Goa as a part of their lifestyle upgrade. This has fueled demand for luxury villas, condominiums, serviced apartments, second homes etc in the state.
As India’s real estate sector keeps up with evolving tastes, Goa is rapidly asserting itself as a premier destination for high-net-worth citizens. The market is emerging to offer everything from eco-conscious holiday homes to gated communities. This shift points to an evolving market where quality, lifestyle, and long-term value are key drivers.
79 per cent prefer home loans to finance their property purchases. Key reasons include competitive interest rates, flexibility in loan tenure, and a long repayment period of up to 30 years, making repayments manageable. Additionally, home loans offer tax benefits and do not typically incur penalties for early repayment, adding to their popularity.
Investing in property can be a powerful way to achieve financial freedom, especially if you’re struggling with debt. By leveraging real estate, you can create income, build equity, and ultimately work towards eliminating your financial burdens.