Source: Times of India ( )

Goa is the best destination when the vibes are about Relaxing, socializing, and Doing Activities. Goa is not only a Tourist destination; many people do look at it as a Retirement choice because of its soothing tropical ambiance.

Many prefer buying property in Goa from a Commercial and Investment perspective. There are certain advantages while buying property in goa. There is a little math game to understand the Rental Yield in Goa. 

Lands in Goa generate higher Rental Yield in Goa because the Short-term rental market has a great run. If you think of buying a property in Goa (Commercial Unit) and getting a tourism license, you can run it as a commercial enterprise. So, the Return on Investment (ROI) you get here in Goa in terms of Property is Higher. 

The second key advantage is the prices of buying property in goa are not as high as it seems. The maintenance charge of property here is on the lower side as compared to the other cities across India.  

Understand the Legal Approvals

The first and foremost suggestion is to Engage a lawyer in terms of Buying property who is based in Goa to understand Portuguese law and act accordingly. There are also some prerequisite permissions while Buying property in Goa – Municipal Corporation and Panchayat permissions, Need NOC (No Objection Certificate) etc.

Additional Tax and Costs deduction you will have to face while buying property in Goa

The price of land in Goa is not that expensive but there are some additional tax deductions to take note of while buying land in Goa. What are these taxes and costs-
Stamp Duty and registration fees, GST, House tax etc.

CRZ Law in Goa

Buying a Home in Goa always comes with the imagination or a Dream that it should be sea-facing, well that’s great and not a hard nut to crack. But there is a Rule that comes into action which is called CRZ (Coastal Regulation Zone) which is an Environmental law. This says about the distance of the project from the coast to preserve the coastal region and maintain the decency of the Beach area. Setbacks are important to take care of the shoreline.