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 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.
Old furniture pieces and hand-me-down items have sentimental value, which is why most people are keen on proudly displaying them and making them a part of everyday life. Use the power of imagination and creativity and turn a neglected piece of old furniture into a charming decor item.
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.
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.
Young Indians will continue to dominate the homebuying segment for the foreseeable future as they seem to be more financially prudent than previous generations.
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.
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.