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.
Planning to buy a second home in Goa, especially now that the new airport in Mopa is operational? To start with, a prospective homebuyer should know that the Land of Beaches has emerged as a preferred choice among buyers of second homes on account of the high rental yields it offers. These typically range from 4 percent to as high as 15 percent for luxury sea-facing properties.
The North Goa region is on the brink of a construction boom, with a surge of development activity taking place near the Manohar International Airport (MIA), an area that has traditionally lagged behind socio-economically. This previously overlooked zone is now bustling with a multitude of development ventures. In addition to the contemporary amenities housed within the airport premises, there are ambitious mega projects valued at Rs 2,300 crore on the horizon.
By carefully evaluating the market conditions, conducting due diligence, and considering personal investment goals, investors can make well-informed decisions to maximise their returns in the dynamic real estate market of 2023-24. Both sectors offer unique advantages and challenges, and understanding the market dynamics can help investors make informed decisions to maximise their returns.
Real estate industry expects housing demand to remain strong with the RBI keeping key interest rate unchanged and is hopeful for a repo rate cut in next round of monetary policy to boost growth. This will help the housing sector that has been performing well from the past two years.
The demand for rental properties in the country has increased as the Indian economy has grown and the disposable income of the people has increased over a period of time. Regardless of economic downturns, real estate has always been a stable and reliable investment option.
With a positive attitude and high aspirations, GenZ has greater access to opportunities, education facilities, cushy jobs, and higher incomes, creating a conducive environment to invest in homes.
Something’s coming over India’s real estate market. Especially in the high-end segment, change is in the offing, after nearly a decade of slow or stagnant growth. Among others, one of the most interesting trends to have popped up and is going strong is the demand for holiday homes.
Even after a rise in property prices and home loan rates, buyers from across segments are investing in real estate. Home loan demand was robust in 2022 and seems to have increased in the months following the rate hikes.
Experts said the surge in demand for luxury housing is an indication of people looking for a lifestyle that mirrors their achievements and ambitions, it is also coming close on the heels of a Budget 2023 provision that will be implemented from April 1.