Source: Hindustan Times ( https://bit.ly/3VUUSiz )

Young professionals find the Goa market attractive for property investment; Gated villas in Grade A locations command a rental yield of 5-8%. Buyers for second homes are not only end buyers but retail investors seeking both rental returns and capital appreciation.

The data shared by Savills India Research showed that the prices of some of the new villa properties in Goa compare with apartments in South Mumbai and South Delhi that are priced between ₹7-10 crore.

Younger professionals, especially from major cities like Mumbai, Delhi and Bengaluru and other prominent cities, are now moving to Goa. These new residents often work in creative fields or are digital nomads seeking a better work-life balance, the data showed.

Savills India’s research indicates that buyers are primarily individuals aged 30-60, including both salaried professionals and businessmen. These buyers are attracted by rental returns and capital appreciation, achieving gross yields of 10-12% per annum for wealth diversification.

Villa sizes shrink due to rising land prices

The supply of villas in Goa has shifted, with the standard size decreasing from 500 sq meters to 250 sq meters over the past five years due to rising land prices, the data showed.

Premium views remain desirable but scarce, and investment motives now often outweigh end-use objectives.

Grade A locations such as Anjuna, Arpora, Baga, Calangute, Candolim, Vagator, Morjim, Assagao, Siolim, Mapusa, Pilerne, Reis Margos, Caranzalem, Dona Paula have witnessed a 22% change in villa prices in the FY 2023-2024.

As Goa continues to grow and attract tourists, its commercial property market is also on the rise.