Goa – the land of endless seas, bright sunshine and limitless possibilities. Goa – the name resonant with happiness, peace, serenity and relaxation.
Goa, for obvious reasons, is the most loved tourist spot in India for local and international travellers alike. It’s extremely well developed infrastructure, lower cost of living, well connected and well maintained roads and railways, easy accessibility from major states, the hip and happening night life, multitude of clubs, resorts, hotels, the never ending shoreline, good law and order condition and the upcoming industries – make it a perfect blend of laid back and urban chic!
Few years back, people were only looking at Goa for spending their vacations. However, with the current state of affairs, it is fast becoming a sought after location for high end malls, retail shops, luxurious villas and even individual apartments. Offering high returns, and advantages such as lower stamp taxes and duties compared to the rest of India, there are properties in Goa for sale suiting every budget and taste.
Modern townships, with state-of-the-art amenities, are coming up in areas near Panjim and Madgaon. For most frequent travellers (business or leisure), it makes much more sense to own a property in Panjim or other areas in Goa than to spend in hotels and resorts. People use their properties as vacation rentals for tourists as well, in order to maximize their profits.
Currently, the main influx of property buyers is from Northern India and Non Resident Indians, looking for an ideal home away from home or a retirement abode. However, with the various multi-national companies set to open their businesses in Goa, there will be a shift in this trend, with the working population in Goa opting to invest in property as well. Currently, various developers are offering 2BHK flats in Goa for sale at affordable rates. To suit the niche buyer, they are also offering villas in Goa for sale.
In short, one can say that Goa provides exciting opportunities for the investors and property developers. There are numerous benefits of buying property in Goa. The state has well developed infrastructure, efficient administration, able law and order condition, highly maintained intra-state as well as inter-state road network, coupled with expansive natural and scenic beauty. With developments happening all across Goa, it is the current hub of investment activity and this will only increase in the foreseeable future.