Current Trends And Future Outlook Of Goa’s Realty Market

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.

India’s ultra rich redirecting their investment focus to residential real estate

India’s affluent class has been increasingly redirecting their investment focus towards residential real estate for some time, marking a notable change in the country’s investment landscape. This transition emphasizes changing trends in investment preferences and reflects the motivations driving the elite’s choice to invest in residential properties.

Residential real estate prices in India to go up 4-6% this year

Home prices in India are likely to increase by 4-6 per cent this year but rising per capita income will support demand. Moderating inflation, stable commodity prices, a lower fiscal deficit, and a decline in global policy rates would set the stage for interest rate cuts to boost housing demand.

Tourism: A Catalyst For Real Estate Growth

The inauguration of the new International Airport at Mopa, Goa also led to an increase in tourism, thus impacting the demand for vacation rental homes, hotels, and stay options in Goa. Capital values in surrounding areas have thus doubled in the last three years.

Goa still the top hot spot for vacation homes among HNI’s

At least 35% of holiday home buyers mentioned Goa as their preferred destination, highlighting the enduring appeal of Goa’s lifestyle among India’s wealthy.

2024 Outlook For India’s Real Estate Sector

The residential sector exhibits substantial growth potential, underscored by sustained demand over the past few years, complemented by consistently stable interest rates and robust GDP expansion. Notably, there is a pronounced demand for mid- and high-priced residential properties.

Top 6 emerging housing trends in Goa

Goa’s housing trends seamlessly blend sustainable living, luxury retreats and community-centric living, showcasing the state’s remarkable capacity to embrace modernity without compromising its cultural legacy.

India to urbanise at around 50% by 2050

With the country expected to urbanise at a rate of around 36 percent this year and 50 percent by 2050, the focus will shift to tier-2 towns.

Goa – a preferred destination for second home buyers

Goa has emerged as a preferred destination for second home buyers owing to high rental yields ranging from 4-10% approximately.

Best Areas To Invest In Goa In 2023

Goa has been emerging as an attractive destination for investments in 2023. With significant investments in improving its infrastructure, including the construction of new highways, bridges, and airports. This has made it easier for tourists and investors to travel to and within Goa, potentially increasing demand for state-owned properties. Purchasing a property in Goa can provide not only rental income but also the opportunity to enjoy a vacation home or retire in a peaceful and picturesque setting.