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.
Tourist destinations near beaches, hill stations, and non-metro cities with favourable climates, nature access, and proximity to the sea, countryside, or mountains are preferred places and being the real estate haven, Goa is the first love for connoisseurs investing in vacation homes as 35% of holiday home buyers preferred Goa as a second home destination.
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.
Beyond its pristine beaches and vibrant culture, Goa’s real estate market surges dynamically, offering a fertile ground for astute investors to sow the seeds of prosperity. As the demand for second homes grows across India, Goa emerges as a frontrunner, weaving dreams of opulent living across sun-kissed sands and verdant landscapes.
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.
The real estate sector in India has experienced remarkable growth in 2023 and industry experts anticipate the homebuying sentiment witnessed in 2023 to persist in 2024 also.
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.
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.