Goa Real Estate Market: Find Out What Makes This City Click In 2022

Goa located within Western India, is one of the fastest-growing coastal states. Goa also has more than 106 kilometers of coastline as well as more than 255 kilometers of domestic waterways and is connected to the roads and rail. It is traditionally regarded as a tourist paradise, the state has a significant presence in fishing, agriculture and mining. Goa has one of the most high levels of literacy in the country with a wide range of knowledge fields, including biotechnology, pharmaceuticals and information technology. Goa is a well-known destination for tourists from abroad as well as Indians and has holiday homes boosting its rental possibilities. Many people believe that Goa as a paradise for retirees.

Property in Goa is as popular as hot poi at the moment, with everything from studio apartments to villas selling quickly despite—or, more accurately, because of—the pandemic. People are drawn to the state by the prospect of working from a location that is safe, largely devoid of crowds, and provides a high quality of life. Many of those who have relocated are discovering that living and working in Goa is practical and cost-effective, which is driving up property prices in the state. The fact that it is still less expensive than an apartment in South Ex, Gurugram, or Mumbai may keep the trend going for a while longer.

A dynamically changing second home market in Goa

Rental market evolving in Goa's thriving market. Landlords in Goa do not want to give homes for leases that are longer. They prefer smaller rent-outs as they are able to earn more profit in the market that is booming. Investors are reaping the benefits of mansions, flats and houses in gated communities, and even isolated regions.

Homes that were previously owned by 40% are now owned by 60. This means that, although rents haven't changed significantly, rent yields have. Additionally, homes close to a beach or garden are able to command 5-12 percent more rent over the market rate. The market is growing as the public's attitude shifts towards having a second house as their ideal home.

The cost of properties in Goa

The prices of property in Goa differ based on the what kind of property and location. The further you get from the beaches, the greater the cost of the property. It is evident that the properties located that are located in northern Goa are extremely expensive and are more expensive than those in other regions of the state, like Central Goa. This is due to the fact that north Goa is more close to Mumbai and is a renowned nightclub destination.

Top Locations to buy properties in Goa

Goa is a well-known vacation destination, is becoming the most sought-after location for homes to rent. Siolim, Anjuna, Assagaon and Parra are among the best locations to buy a home in Goa. These are peaceful areas hidden into the rural. These are well-known destinations that are just several minutes' drive from famous beaches and attractions. Beaches like Vagator, Morjim, and Ashvem and restaurants like Thalassa, Antares, and Olives are accessible from these places.

First Property Location : Siolim is one of the villages located in the Taluka of Bardez and is a census town in India's central west coast situated which is located in the North Goa district of Goa. Siolim is located about 7 km away from Mapusa. It is located near the Chapora River. Instead of the old ferry, there's an elevated bridge that crosses the River Chapora. This beautiful Goan village is located in the inland far from the crowds of tourists and is a perfect spot to purchase a luxurious home in Goa for yourself and your family to unwind and enjoy watching the world pass by.

Second Property Location : Assagao is a village in Goa's Bardez district, about 4 kilometres west of Mapusa. Assagao is known as the Land of Flowers, as well as "Goa's South Extension," "Artist's Village," "The Beverly Hills of Goa," and "Goa's Tuscany." Assagaon, also known as the 'village of luxury,' is a charming North Goa village surrounded by whitewashed churches, crumbling Portuguese villas, and lush fields and hills. It is an excellent location for purchasing a villa in Goa with a swimming pool.

Third Property Location: Anjuna is a secluded beach village located in the Arabian Sea in Goa, India's southwest. Anjuna Beach is a sandy cove surrounded by Palm trees as well as black rocks. The vibrant neighborhood is where you can find some of the most luxurious Goa villas.

Fourth Property Location : Parra is one of the villages situated in the suburbs of Mapusa town, which is located in the Bardez sub-district in North Goa, India. It's been long known as a place that produces delicious watermelons. The village has experienced significant changes in its urbanisation and society. An harmonious blend of culture and nature with tranquility, tradition and peace. The terrain is filled with paddy fields that are lush and coconut groves.

Final Word!

The above aspects make Goa's real estate market an excellent investment. If you'd like to live in a lavish lifestyle in the midst of nature, take a take a look at the Lodha Plots Goa provided through Lodha Group, The House of Abhinandan Lodha, a prominent real estate development firm in Goa. We invite you to contact us if have any questions regarding this information.