Source: The Economic Times ( https://bit.ly/4kOjxkO )

Demand for holiday homes in Goa by wealthy investors and interest among foreign funds to acquire hospitality assets continue to remain strong, despite claims in certain quarters about a dip in tourism activity, say real estate consulting firms and developers.

This resilience is driven by rental returns that are higher in the state than in other parts of India.

According to brokerage firms operating in the region, foreign funds are actively seeking quality hospitality assets in Goa to expand their portfolios. High-net-worth individuals (HNIs) are also purchasing multiple villas to generate rental income.

“There have been many concerns over the decline in tourist numbers during the peak season, but on the ground, the hospitality industry is not facing any issues. Branded hotels and rental villas are fully booked for the peak season, and investments in these two categories remain steady,” said a senior executive at a global brokerage firm.

According to Savills India, homebuyers continue to prefer gated villas in North Beach District locations such as Anjuna, Arpora, Baga, Calangute, Candolim and Vagator. This trend highlights the enduring appeal of the Portuguese neighbourhoods, famous restaurants and hotels, and proximity to popular beaches. Property prices in these areas have risen 19% year-on-year.