The inauguration of the new International Airport at Mopa, Goa also led to an increase in tourism, thus impacting the demand for vacation rental homes, hotels, and stay options in Goa. Capital values in surrounding areas have thus doubled in the last three years.
At least 35% of holiday home buyers mentioned Goa as their preferred destination, highlighting the enduring appeal of Goa’s lifestyle among India’s wealthy.
Goa’s real estate allure extends beyond its picturesque landscapes; it encompasses a lifestyle and cultural experience that investors find irresistible. As the tourism sector continues to grow, investors see the potential for robust returns on their real estate investments, especially in areas frequented by tourists.
Goa remains the most preferred destination for a holiday home, as about 35 percent of wealthy individuals chose to buy a holiday home in the state. The sunny beaches, hills, and lifestyle of Goa are the most significant appeal for individuals, but the return on the investments in holiday homes is also attracting investors and individuals.
The already high demand for second homes in Goa is growing even more. Especially in the luxury segment the demand for homes ranging from Rs 1 crore to Rs 3 crore price band has been on the rise.
The high demand for second homes in Goa, particularly in the luxury segment, is growing with most of the demand focusing on the Rs 1 crore to Rs 3 crore price band.
Luxury real estate in India is an attractive prospect for a comfortable lifestyle and has always been conceived as a wise long-term investment. The enticing lifestyle and high returns appeal to discerning buyers worldwide. However, navigating the Indian luxury real estate market requires a refined approach and smart decision-making.
Goa has emerged as a preferred destination for second home buyers owing to high rental yields ranging from 4-10% approximately.
