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October 8, 2024
5 Reasons Why You Should Invest in Real Estate in Goa
Real estates in Goa
Imagine owning a piece of paradise where the sun, sea, and sand blend with a relaxed lifestyle and booming tourism—this is exactly what investing in real estate in Goa offers you.
While investing in real estate in Goa offers you much more than just a lavish lifestyle. It becomes a great asset for your investment and can generate great revenue.
Reasons why invest in Goa
Tourism and Rental Income Potential: Goa is a premier tourist destination, attracting millions of domestic and international tourists every year. This creates significant demand for short-term rentals, making it ideal for generating rental income.
How about owning a second home in a beautiful place like for a family vacation peoples from cities like Mumbai, Bangalore, and Delhi choosing to buy homes in Goa for personal use as a holiday retreat. Who doesn’t want to have relaxed lifestyle, natural beauty, and beach culture and that makes Goa an attractive second-home destination.
Another reason for investing in real estate in goa is
Tax and legal benefits:
Lower Stamp Duty and Registration Costs Compared to other states in India, Goa has relatively lower stamp duty and registration costs, making it more affordable to invest in real estate.
Relaxed FDI Rules: Goa is open to foreign direct investment in real estate, and the state’s rules for foreign nationals investing in properties are relatively relaxed.
Now the main question arises where should you invest in Goa, as Goa sounds small but it is one of the place which gives the highest returns in real estate in INDIA.
When investing in real estate in Goa, selecting the right area is crucial, as each region offers different benefits depending on your investment goals—whether you’re looking for vacation rental income, a second home, or long-term property appreciation. Here are few best locations in Goa to invest in real estate
Which not only gives you a perfect view of Goa but also becomes great asset for your investment
Assagao (North Goa)
Assagao Known as the “Beverly Hills of Goa,” Assagao is a hotspot for luxury real estate. It’s popular among celebrities and the affluent crowd for its luxurious villas set amidst scenic hills and greenery. This area is perfect if you’re looking to invest in a high-end vacation home or a premium rental property.
Assagao’s real estate market has seen significant growth in recent years, driven by its prime location, high demand for luxury properties, and growing popularity among both Indians and expatriates.
Assagao is surrounded by several prominent areas that further enhance its appeal. Its central location makes it a strategic base for exploring North Goa.
Dandoswada (North Goa )
Dandoswada is a tranquil area located in Goa. While not as famous as some of the more bustling regions like Assago or Calangute, it offers a peaceful, scenic environment typical of Goa’s rural charm. Dandoswada is in Pernem Taluka, located in the northern part of Goa, and is close to some emerging tourist spots as well as the Mopa International Airport.
Dandoswada, like many parts of Pernem, is surrounded by lush greenery and offers a quiet, laid-back environment. It’s an ideal location for those seeking to invest in tranquil, rural-style homes, second homes, or vacation retreats.
Since Dandoswada is still emerging as a real estate destination, property prices here are relatively affordable compared to more popular areas like Assagao or Candolim. Prices may vary depending on the type of property (plot, villa, or apartment) and its proximity to main roads, beaches, or the airport.
Askawda (Goa)
Askawada is a beautiful area and far away from the city, like close to the beautiful beach in Mandrem, which offers a serene and peaceful environment typical of Goa’s rural areas. It holds potential for real estate development due to its proximity to emerging areas and its appeal to people looking for quieter, more affordable properties.
This can be an advantage for those looking for budget-friendly investment options, especially for second homes or long-term investment properties.
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