Goa real estate market: Luxury segment gains popularity
Goa’s real estate market is a viable option for those looking at second homes. There is a lot more that Goa offers, besides the sea and beaches, to real estate investors and home buyers, alike.
Top reasons to invest in a property in Goa
A market for outsiders and NRIs
While Goa may not be a hotspot for employment, it is an ideal destination for anyone desiring a calm and serene lifestyle. Kanchan Desai, DGM – sales at Prestige Group, says, “Goa is everybody’s go-to destination. It is increasingly also becoming a retirement destination, both, for Goans who have been working abroad and for those from outside the city. They look forward to coming back and settling down here.”
Stable market for investors and end-users
There has been no oversupply of projects in this market yet. “You will not come across shelved or stalled projects, or builders who have abandoned or not delivered and this is true for both, local and branded developer firms. The government has also kept a check on oversupply of land for construction,” adds Desai. As a result, unlike cities like Noida that are grappling with excess inventory and stuck projects, there are few such cases in Goa and that is a clear advantage.
Presence of a cosmopolitan, educated crowd
Another reason that attracts property buyers to Goa, is the absence of any language barrier. Almost everyone speaks English, which makes it an ideal destination for non-locals to settle here, as well.