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.
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.
India stands as an outlier in the global real estate market, which is just returning to normalcy with some uptick in transaction volumes, the confidence coming back with prospects of a reduction in interest rates. “The best performing markets in our network at the moment are India and the Middle East,” Knight Frank’s Senior Partner and Group Chair, William Beardmore-Gray told businessline.
Investments by non-resident Indians (NRIs) into the Indian real estate market has surged over the past 20 months, growing at 15-20 per cent and their share in total investments in the sector is expected to rise to a fifth from 10-15 per cent earlier. In 2023, NRIs invested over $13 billion in real estate and by 2025, their investments are expected to account for 20 per cent of total real estate investments in India.
The rise of remote work has significantly reshaped the real estate landscape in Goa. Traditionally known as a holiday destination, Goa has now become a preferred location for professionals seeking a blend of work and leisure. The increasing demand for high-end villas and apartments, particularly in scenic areas of North Goa, has led to substantial rental yield growth for investors.
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.
Young professionals find the Goa market attractive for property investment; Gated villas in Grade A locations command a rental yield of 5-8%. Buyers for second homes are not only end buyers but retail investors seeking both rental returns and capital appreciation.
India’s real estate market boom is still a few years away from peaking. But the cycle’s longevity could turn on a few factors, good and bad, say realty experts. It will hinge on not just a more widespread demand for homes and offices but also smart supply and price management by the country’s top developers.
Goa, once synonymous with sandy beaches, vibrant nightlife, and a quintessential escape for tourists, is undergoing a remarkable transformation. This coastal paradise is now a top choice for affluent Indians looking to invest in luxury real estate, shifting its identity from a mere vacation spot to a prestigious investment haven.
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.