Source: Construction Week ( )

Goa, located on the western coast of India, has long been a popular tourist destination due to its unspoiled beaches, verdant landscapes, and laid-back lifestyle. In recent years, however, it is also a desirable location for permanent residence. The state’s thriving real estate market, coupled with its laid-back lifestyle and breathtaking natural beauty, makes it an attractive destination for those seeking a change of pace from the fast-paced and chaotic city lifestyle.

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 state’s appeal is enhanced by the presence of beautiful beaches, pleasant weather, and delectable seafood. In addition, compared to other cities in India, the cost of living in Goa is relatively low, making it an affordable place to call home. Goa’s pollution-free environment is also a major draw for those who wish to escape the pollution of other cities.

When the pandemic hit the world, there was a massive halt in daily activities in India, which caused a great deal of anxiety and stress. Individuals living in overcrowded apartments in cities such as Delhi understood the significance of having space and a greener, cleaner environment. Goa became a hotspot for young investors and renters due to its tranquil landscape and abundance of space that catered to their needs.

The investments made by the central and state governments in transportation and accessibility have made Goa a more accessible destination for those considering purchasing or investing there. The state has prioritised the opening of the brand-new international airport in Goa, which will connect the state to the rest of the country and the world, as well as the improvement of local transportation and connectivity, in order to meet the needs of its growing population.

As a result of its improving real estate market, Goa is becoming an increasingly alluring location for real estate investments. The efforts of the state to promote tourism, real estate, and infrastructure will increase the region’s property market and attract foreign investment.

The average rental return on Goa real estate is between 6 and 8 percent, the highest of any Indian state, making investing in Goa real estate a prudent choice.