India’s holiday home craze is spiking property rates. And no, it isn’t Goa alone

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.

Despite Inflation, Homeownership Remains A Priority For Many

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.

Why Luxury Housing Market Seeing Huge Demand After Budget 2023 Announcement

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.

Post-covid Housing prices firm up ; Unsold inventories decline

India’s residential market has witnessed recovery this fiscal on pent-up demand with increase in housing sales despite impediments like rising interest rates on home loans and appreciation in property prices.

Top Localities In Goa To Buy A New Home

Goa is a peaceful place and it is even more fascinating to one who explores this place beyond beaches. If you are thinking of investing in Real Estate in Goa, here are some top areas to invest in.

Advantages of Buying Property in Goa

Goa has always had a sweet spot amongst NRIs. The falling value of the rupee is a disguised boon for non-resident Indian (NRI) investors, allowing them to purchase luxury properties with comparatively less capital.

There is a surge in demand for high-end houses in Goa

Serene Beach life, High-quality Lifestyle, and Scent of natural resources make fall for that place before anything. Fuss-free living makes Goa a positive experience. To add further, Goa has a lot of demand on its real Estate side .

MOPA Airport to Attract Rs 2.7k Cr Realty Investments in the Region

Mopa Airport is likely to draw about Rs 2,700 crore of investments from builders and hoteliers until 2030 as the upcoming North Goa Aviation gateway becomes the transport hub replacing Dabolim.

What’s pushing more Indians towards real estate investment today?

Real estate investing is a common feature of the Indian economy. Indians typically purchase property with the intent of investing or renting it out. Initially, developers and brokers believed that this trend was solely due to working from home (WFH), but it is still a force to be reckoned with.

Residential Prices Are Expected To Remain Stable Till Year End

The price hike in the real estate sector, which started around late 2021 and continued till the first few months of 2022, ranged between three and nine per cent. Experts state that this is the peak and prices would be stable till the end of the year.