Beyond the festivities and merrymaking, the festive season also presents a unique opportunity for individuals looking to make a significant investment – investing in real estate. We discuss various reasons why the festive season is the right time to invest in property.
Navigating the Indian luxury real estate market requires a refined approach and smart decision-making. Here are some tips to make that journey easier.
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.
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 high demand for second homes in Goa, particularly in the luxury segment, is growing with most of the demand focusing on the Rs 1 crore to Rs 3 crore price band, shows research by a property research firm.
The high quality of life and standard of living in Goa is one of the primary reasons why so many people are choosing to purchase property there. Goa offers residents a tranquil and unhurried environment, making it an ideal place to relax and let go of stress.
The demand for luxurious residences that offer a unique living experience has been growing in the Indian market over the last few years. An increased number of high-net-worth individuals, rapid urbanisation, and rising incomes are just some of the factors contributing to that growth.
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.