Upcoming airport in Goa to further boost demand for second homes

Goa has traditionally ranked among the most desirable locations in the country for the well-off Indians to buy property in. The Covid-19 pandemic accelerated the demand for luxury real estate in the beach state and prices have risen substantially in North Goa in the past two years. The upcoming airport in Goa will boost demand […]

Retirement and second home market size will increase to $4 billion by 2026

India’s retirement and second home market segment is expected to grow annually by 23.63 per cent in the next 5 years taking the size of the market to USD 4.021 billion by 2026 from the current size of around USD 1.4 billion, an industry report showed. According to 360 Realtors’ latest research report, sales for […]

Goan developers cautious post-pandemic but 95% plan to launch new real estate projects in 2022

Most builders remain cautious about Goa’s real estate sector and have conservative estimates about the sector’s outlook with just 24% of the developers saying that they are bullish about sales in 2022. Interestingly, despite the dampened sentiment 95% of Goa’s developers said that they plan to launch new real estate projects in 2022. Most of […]

67% of India’s rich will buy a luxury property in the next 2 years

Sixty seven per cent of high net worth individuals (HNIs) are planning to buy a luxury property in the next two years in order to upgrade their lifestyle, revealed a survey conducted by India Sotheby’s International Realty. The survey elicited responses from over 200 HNIs and UHNIs to gauge the mood of the luxury home […]

Why Goa rules the roost as a second home destination

Goa has now firmly established itself as a year-round staycation destination, bumping up the average rentals for a well-located property to 4% per annum. Making plans for your seaside Christmas and New Year vacation in Goa? Chances are, you will return once again, yearning for a home in the gorgeous state, if you don’t already […]

Goa : Real estate players welcome inauguration of skill development centre in Goa by PM Modi

The real estate sector has welcomed the inauguration of a skill development centre in Goa by Prime Minister Narendra Modi and hoped that the move will change the dynamics in the area, especially for the real estate segment. It is being seen as a big plus for the commercial and residential real estate market in […]

Demand for premium second homes makes big comeback

Second homes priced from ₹50 lakh to ₹50 crore are seeing a pick-up in demand from wealthy individuals—including tech entrepreneurs, corporate professionals and non-resident Indians (NRIs) —as they look to get away from cities amid the pandemic. Tata Realty and Infrastructure Ltd (TRIL), DLF Ltd, Isprava, and others are seeing a demand for larger individual […]

The Goan mid-segment real estate needs immediate attention

COVID pandemic came in as a boon in disguise for the high-end luxury segment in the real estate sector in Goa, the mid and lower segments of the sector, however, continue to struggle. According to the realtors the effective cost for an ordinary buyer has gone up and their woes have increased dramatically. The buyers […]

51% of urban Indians say festival season is a good time to invest in property

Around 51 percent of urban Indians think that the festival season, which typically runs from October to November, is a good time to invest in real estate, a survey has found, as developers ready offers to lure consumers. About 35 percent of urban Indians aged between 25 and 44 plan to invest in real estate […]