Goa is the land of waters, the land of sun, the land of beautiful beaches and of course the land of unlimited fun. Who does not want a piece of Goa? Well, if you seriously do and are keen on buying a property in Goa, you should definitely check this simple Goa real estate guide to buy properties in this coastal paradise.
The people of Goa are friendly, simple and the life here is really very down to earth indeed but when it comes to buying real estate in Goa, one needs to be aware of all the rules and regulations that are unique to the Goan property market. For example, Goa still has Portuguese made laws that govern many land titles, documentations and major real estate rules.
There are essentially two parts to Goa when it comes to lifestyle, food, population and more importantly in the context of this article, real estate. There is North Goa and there is South Goa. In this real estate investment article on Goa we will focus on North Goa.
North Goa is the fast (relatively) and more commercial part of Goa. There is more action in North Goa in terms of construction, development, population, apartments, buildings, restaurants, pubs, etc. It is a very investment friendly market wherein every real estate buyer will find various options in terms of type of properties like apartments, lands, villas and also find options to suit various small and big budgets. You will also find the most beautiful villas for sale in Goa here in the fast paced North Goa region.
The real estate action in North Goa is palpable indeed and therefore Goa property brokers, real estate lawyers, property developers are very busy in North Goa almost throughout the year.
The major locations in North Goa start from the capital Panjim (also referred to as Panaji) of course. Apart from that there are many interesting locations that you can either invest or buy a good home including some of the world’s most attractive villas in Goa for self-use. The following list covers most of them for you:
Porvorim, Calangute, Aldona, Assagao, Corlim, Siolim, Dona Paula, Candolim, Anjuna, Mapusa, Kadamba, Panaji, Reis Magos, Campal, Caranzalem, Bicholim, Bardez, Bamboilm, Taleigao, Piedade, Pilerne, Ribander, Vagator, CancaVerla, Saligao, Thivim, Parra, Baga, Marcela, Bainguinim, Pernem, Divar Island, Nerul, Chorao, Miramar, Karaswada, Sangolda, Sanquelim, Mandrem, Colvale, Tiswadi, Santa Cruz, Goa Velha and a few more.
In terms of the look and feel, North Goa is very much the Goa that you are looking for - laid back and relaxed but yet it still offers to every visitor / resident that speed of a well-developed city, the facilities that we are used to in developed urban places, infrastructure that is second to none and yet the rustic charm & character that is very Goan indeed. No wonder that North Goa remains the darling of both investors and self-users.
As per the real estate research and data available on North Goa, it is clear that there are a lot of people calling North Goa their homes and also a lot of tourists passing through North Goa. Therefore it is no surprise that North Goa is able to give more returns to a property investor in terms of rentals / annuity income and also a very healthy long term capital gain. The resale market in North Goa is also pretty strong and since there is a healthy bit of real estate buying, selling and renting, North Goa is the preferred property location for many when it comes to investing their money in Goa. The number of real estate investors in Goa keeps swelling as the interest of everyone including tourists, buyers, home makers and luxury real estate buyers is very high when it comes to North Goa. Many tourists take villas on rent in Goa around the Calangute, Arpora, Baga, Anjuna, Candolim beach areas and these rental homes are taken for both the short term as well as long term.
Infrastructure in North Goa: There is a lot of development activity that has been carried around in North Goa. The Tourism department of Goa is aiming to finish the 1st part of the Coastal Circuit Development Plan which is aimed at covering the beaches of North Goa. The Goan locations that will get connected vide this effort include Morjim-Keri,Anjuna-Vagator, and SinquerimBaga in North Goa under phase one. The locations under Phase two include Miramar, Dona Paula (in North Goa).
Another couple of major developments in the pipeline include a Greenfield airport at the Mopa plateau (this could be major boost to the already huge tourism industry in Goa) and an electronic city in Tuem (again a very important step towards making Goa more modern and sophisticated). Both of these projects are being carried in locations that are situated in North Goa's Pernem sub-district.
GMR Airports is in charge of developing The Mopa airport in North Goa which will be Goa's first civilian airport. The electronic city in Tuem is a milestone development where Goa will invite manufacturing units from across the length and breadth of India for developing electronics components. These two developments on their own are expected to generate a lot of jobs, revenue and growth for North Goa as a location. This is another very strong reason to invest in North Goa real estate today.
Well, there are many strong real estate developers in Goa and also property developers who have come from outside Goa from all across the country who are developing some of the most alluring villas in Goa, new age & modern apartments, alluring row houses, charming customized homes with land & gardens and so much more. Some of the major real estate players here include Acron Developers, Sardesai Group, Rio Luxury Homes, Redrock constructions, Saldanha Developers, Heritage Princes real estate developers, Riviera constructions, BF realty, Ashray real estate developers, Raheja Constructions, Purvankara Developers (Provident Housing), Gera developers, Edcon real estate developers, Devashri real estate developers, Umiya Group, Models Construction, Nitin Developers, Adwalpalkar Constructions, Chowgule Real Estate company, Kurtarkar real estate, Nanu Estates, Emgee Group, Nirvana Nest buildcon, Linc Builders and many more.
So as you can sense from the entire facts presented in the above article based on real estate investments in Goa (especially North Goa), this is a very exciting time to simply buy and probably get the best deals on some of the most charming Goan apartments or a luxury property in Goa - perhaps that dreamt of big spacious sea facing Villa in Goa or even perhaps the solely profit objective driven land investment in Goa or even the small studio or 1 BHK apartment in Goa that you plan to rent and make some good regular rental income. Go for Goa real estate today.