Goa has been a the most favoriteholiday destination for thousands of Indian and international tourists. Thebeautiful white sandy beaches, coconut palms, easy lifestyle, hills, forests,beautiful churches, and party hotspots are the biggest attraction. There is somuch to see and do in Goa that one visit is never going to be enough. Peoplevisit the state multiple times. Imagine holidaying in your favorite destinationbut staying in your own house. You can buy a villa in Goa and it can be yourvacation home where you can come and stay frequently.
For the past few years investment in terms of property in Goa is rising. The real estate market has seen impressive growth due to people making investment looking for a second home.
There have been multiple reasons why people are investing in buying homes in Goa
- For a Goa home as a second home – for those leisure vacations.
- Steady income – Renting the villa
- Investment – Goa property prices are rising every year.
Prices of property in Goa
Property prices in Goa are still a lot cheaper than metropolitan cities in India. In
For example: The price ranges between INR 3800 and 5000 per square feet, but in certain areas, it can be as much as INR 7,000 per square feet. However, for same size property in Delhi, Mumbai, or Bangalore, you will have to pay more than INR 9,000-12,000 per square feet.
The property prices in Goa are also affected by the popularity of the area. North Goa being more popular and commercialized has higher property cost rather than South Goa.
North Goa is mostly an investment market, while the South than metropolitan for those who are seeking a home mostly for staying, perhaps letting out sometimes. North Goa is more popular with tourists, so there is a better potential for rental income. The South is more popular with affluent tourists
Where To Buy Your Goa Villa
Goa is essentially divided into 3 areas
- North Goa
- South Goa
- Central Goa
The North extends from Querim Beach, next to the Terekhol River to the city of Panaji. The region includes popular beaches like Ashwem, Morjim, Anjuna, Vagator, Calangute, Baga, and Candolim. Calangute, Baga, and Candolim together make the most popular stretch in the state with the tourists.
- Popular with tourists
- Many things to see and do
- Higher price
- Good rental income
The South extends from Canacona to the city of Vasco da Gama. The major beaches here are Palolem, Agonda, Cavelossim, Benaulim, Colva, and Majorda. South Goa is peaceful, more pristine. There are fewer nightclubs here.
- More popular with foreign tourists
- Lower property and villa prices
- Good for a second home
This comprises of the two cities, Vasco da Gama and Panaji. Vasco is in the South Goa district, but it has more of a central location. Panaji, which is also called Panjim, is Goa’s administrative capital. You will also find many casinos in Panaji.
- Fewer villas and more apartments in the cities
- There are some old houses for sale in Goa in these areas
- A few villas close to the beaches around Vasco da Gama and Panaji
- Dabolim in Vasco has seen the maximum property appreciation recently
Many non-Goans are also settling down in Dona Paula.
If you decide to buy property in Goa, there an apartment purchase taxes you have to pay which is beyond the sale price. These expenses are for the registration of the property and stamp duty. , you will have to pay depends on the purchase price of the real estate, on the government rates, which keeps changing from time to time. For more information you can visit Goa Villa Estate
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