Source: Business Today ( https://bit.ly/4eGVHUx )

One of the reasons for preferring Goa is higher rental yields compared to other parts of India. Residential yields are highest in Goa. While outside it’s in the range of 2-3%, in Goa, the yield is in the range of 5-6%. So, they’re almost double.

One of the reasons for preferring Goa is higher rental yields compared to other parts of India. “Residential yields are highest in Goa. While outside it’s in the range of 2-3%, in Goa, the yield is in the range of 5-6%. So, they’re almost double,” according to Ashwin Chadha, CEO of India Sotheby’s International Realty. This statistic alone has made Goa an attractive proposition for investors who seek not only a vacation spot but also solid returns on their investment.

Over the past few years, narrative has changed. Chadha attributes this to the lack of development in hill stations compared to the rapid modernisation of Goa. “Goa’s ever-evolving social scene, with new restaurants, cafes, nightclubs, and bars popping up regularly, has given it a significant edge,” he said.

Goa’s real estate market isn’t just growing in terms of buyer interest, but it’s also expanding geographically. “Earlier, Goa was limited to Panjim. Then it moved to Baga and Calangute, then further to Candolim. Now, it’s stretching up north to Morjim, Ashwem, and soon to Tiracol,” Chadha explained. This northward expansion is bolstered by the development of infrastructure like the new airport in North Goa, which has made the area even more accessible.