11 May, 2023
Investment In India's Version Of Paradise - GOA
Goa is one of the most rapidly growing coastal states globally and is located in Western India. Also, connected by rail and road, the State offers ~106 km of coastline and 255 km of domestic waterways. Traditionally renowned as a tourism paradise, the state is also influential in agriculture, fishing, and mining.
For both foreigners and Indians, Goa is a popular tourist destination. Many individuals also consider Goa to be a haven for retirement.
The increase in the purchasing power of people and the growing number of high-net-worth individuals has made Goa a perfect investment destination. Goa's peaceful location, calm existence, and substantial economic environment make it an ideal investment site for many investors who primarily want to buy a luxurious villa.
Resort investment is best suited in this case where investors want to invest in villa’s & apartments without the hassle - bustle of renting it out & taking care of its maintenance.
5 Major reasons to invest in Goa are :
- AVAILABILITY - The cost of real estate and the availability of many viable options are substantially higher in Goa than in other major metropolitan states. The availability of large areas of land has encouraged small and large real estate developers to launch residential and commercial projects in Goa. You can easily get a luxury villa at a great price.
- Return On Investment - There is no doubt that luxury villa in Goa offer a higher return on investment due to their proximity to Mumbai, Bengaluru, Pune, and other urban centres. On an average it is believed, that property in Goa can yield you 12-15% rental returns on an annual basis. You can create a new income stream, via rentals, as Goa attracts both domestic and international tourists all year round. The real estate market in Goa has appreciated more than 40%, due to an increase in demand for luxury properties.
- Recreational Activities - Whether you are travelling or living in Goa, the fresh air and abundant green spaces do offer a relaxing respite. From the wide range of beaches to endless shacks, experiencing scuba diving in Grand Island to visiting the stunning Dudhsagar falls, there are numerous recreational activities possible in Goa.
- Emerging start-up culture - Apart from its thriving tourism sector which contributes largely to its robust economy and provides employment to a large population, Goa also hosts several prestigious educational institutions. Moreover, with the launch of the ‘Goa Start-up Policy’, there have been multiple start-ups that have chosen to set up their office in Goa. This initiative by the government aims to make Goa one of the most preferred start-up destinations of India and make it feature in the top 25 start-up destinations in Asia by 2025.
- Luxury Property – Luxury Villas & suites in Goa are ideal for beachside vacations with friends and family. Moreover, having a luxury villa in Goa is not only a pleasant experience as you get to experience elegance and style but it also has a high return on investment. A luxury villa in Goa is perfect for those who want privacy, a sense of space, and pristine beaches along with passive income.
