Goa is emerging as a hot spot for real estate investment, with residential property prices skyrocketing by 66.3% year-on-year, according to Magicbricks, a prominent online real estate platform. This surge is cementing Goa’s reputation as a go-to destination for vacation homes, retirement properties, and long-term rental investments.
As affordability, connectivity, and luxury converge, Tier 2 cities are no longer secondary choices; they are the future of real estate in India. With skyrocketing property prices in metropolitan areas, buyers are increasingly drawn to the spacious and cost-effective housing options available in Tier 2 and 3 cities.
Government-led infrastructure projects and improved urban planning are set to transform Goa’s real estate landscape. These developments are expected to drive property appreciation, making Goa an attractive long-term investment destination.
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.
Second home and vacation rental market in India is growing at a staggering speed with the current market sized over USD 3 billion. Indian buyers are now actively scouting for such properties in picturesque locations like Goa. The growth in the market is propelled by a slew of factors such as rise in income, demand for wellness-driven lifestyle, increase in staycations & remote working culture, etc.
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.
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.