The construction of the Mopa airport located in the North Goa district is 75 percent complete. The ambitious Mopa airport project’s success shows the strength of the BOT model. The airport is widely expected to lend momentum to the state’s real estate.
If you are a Non-resident Indian (NRI) looking to purchase property here, then this is a good time because the real estate market in India has never looked as lucrative in the last few decades as it does now.
Sales for vacation homes have sky-rocketed in the last couple of years. Purchasing a second home is often not just about investment, but also about a lifestyle choice, an alternate residence, a future residence, or simply diversifying assets.
Real estate is now the preferred investment asset class for 64 per cent of women respondents. It was 62 per cent in the last study (H2 2020) and 57 per cent in the pre-Covid survey (H2 2019).
As high-net-worth buyers remain focused on their personal achievements and accomplishing their goals, acquiring luxury real estate continues to be an essential component of their financial portfolios.
Budget 2022 is an opportunity for the government to ease the burden on a demographic that has been most affected by the double whammy of decreasing interest rates, increasing retail inflation and medical expenses inflation over the past couple of years – retirees and senior citizens.
Sixty seven per cent of high net worth individuals (HNIs) are planning to buy a luxury property in the next two years in order to upgrade their lifestyle, revealed a survey conducted by India Sotheby’s International Realty.
According to the Knight Frank report titled ‘Real Estate Outlook 2022’, India’s realty sector is showing signs of healthy growth in 2022. With the steady performance and quick revival, the real estate sector regained the buyer’s and investor’s trust and further picked up the growth momentum.
Goa has now firmly established itself as a year-round staycation destination, bumping up the average rentals for a well-located property to 4% per annum. Limited supply of quality homes has meant one of the fastest price escalations for Goa real estate, during the pandemic.
One of the major reasons for the increased demand in the luxury and affordable segments can be attributed to the changing need and mindset of the people. The pandemic and the uncertainty that it caused has resulted in an increasing desire among people to own a house of their own.