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Goa, a picturesque state in the Konkan region of Southwest India, spans 3,702 square kilometers and is home to approximately 15.7 lakh residents. It shares borders with Maharashtra and Karnataka and draws many international and domestic tourists annually.
Renowned for its pristine beaches and places of worship, Goa's sunny climate and vibrant lifestyle have always been a major draw for visitors. The state has top attractions such as Fort Aguada, Dudhsagar Waterfalls, Chapora Fort, Basilica of Bom Jesus, and Divar Island.
Investing in real estate in Goa offers stunning beaches and a rich cultural heritage and promises excellent rental returns and a serene, relaxed lifestyle. The region is known for its luxury living options and top-notch amenities provided by real estate developers. Short-term rental companies like Airbnb make maximum profit from Goa in the country.
Moreover, with increased company offices, factories, and entrepreneurial ventures, investing in properties in Goa also opens doors to numerous employment opportunities.
Investing in property in Goa is a worthwhile endeavor. While the initial property rates may be high, the returns on investment can be surprisingly lucrative. The real estate market in Goa is thriving due to its popularity as a tourist destination. Additionally, owning property in Goa is often viewed as a status symbol.
Goa has emerged as one of the top favorable investment destinations in the country, and it is always eye-catching for investors and home buyers. You will get many options in flats, apartments, and open lands with different price rates. The price rates for properties will exceed 27-30% as per MOPA reports, and the rental returns are approximately 13-16% on a yearly basis.
Here is the average sq ft price rate trend for the top 9 areas in Goa:
Neighborhoods | Price per sq ft |
---|---|
Salcete | Rs 5,080 |
Chicalim | Rs 8,200 |
Aldona | Rs 4,800 |
Mapusa | Rs 5,340 |
Siolim | Rs 6,900 |
Candolim | Rs 8,600 |
Bainguinim | Rs 5,600 |
Carambolim | Rs 5,690 |
Carambolim | Rs 5,259 |
Disclaimer: The prices mentioned above are taken from many sources and do not reflect the actual price rate for these specific locations in Goa.
Goa's real estate market provides many choices, from opulent villas to high-end apartments crafted by esteemed builders. These properties have world-class amenities such as ample parking, excellent social and physical infrastructure, and seamless connectivity to various parts of the city. Unsurprisingly, these options are highly sought after by both investors and homebuyers.
South Goa, comprising areas like Dharbandora, Sanguem, Quepem, Canacona, and Salcete, is renowned for its stunning natural landscapes, including beautiful beaches, hill stations, and waterfalls.
Top real estate developers like Prekh Buildcon, Shree Maa Gayatri Constructive Private Limited, Provident Housing Limited, and others contribute significantly to this region. Notable investment options include Casa De Nagoa, Arjun Solitaire Homes, Jamsons Harmony, and more.
North Goa, featuring areas like Panaji, Siolim, Bardez, Arpora, Reis Magos, and more, is the vibrant neighbor of South Goa, known for its popular restaurants, clubs, markets, and various attractions.
In this region, esteemed real estate developers such as Ashray Real Estate Developers, Milroc Good Earth Developers, and Saldanha Developers are actively engaged. Noteworthy property investment options include Raj Enclave, Casa De Vida, Models Evora, and more.
The Return on Investment (ROI) in Goa is on an upward trend. According to reports from MOPA, property price rates are projected to increase by over 27-30%. Additionally, rental returns are estimated to be around 13-16% annually.
There are 31 1 BHKs available in Goa.
The average price of 1 BHK in Goa is ₹30 Lac - ₹68 Lac.
The average size of 1 BHK in Goa is 530.34 sq - 739.48 sq.
The rent of a 1 BHK in Goa is ₹9,476 - ₹25,000.
There are 33 3 BHKs available in Goa.
The average size of 2 BHK in Goa is 659 sqft - 1100.07 sqft.
The rent of a 2 BHK in Goa is ₹15,000 - ₹35,000.
The average price of 2 BHK in Goa is ₹45 Lac - ₹1.04 Cr.
There are 11 3 BHKs available in Goa.
The average price of 3 BHK in Goa is ₹71.4 Lac - ₹1.95 Cr.
The 3 BHKs in Goa are available in the average size of 1100.07 sqft. - 1302 sqft.
The rent of a 3 BHK in Goa is ₹21,100 - ₹62,700.
There are 1 4 BHKs available in Goa.
The average price of 4 BHK in Goa is ₹1.18 Cr - ₹7 Cr.
The 4 BHKs in Goa are available in the average size of 1130 sqft. - 2730 sqft.
The rent of a 4 BHK in Goa is ₹51,100 - ₹82,700.
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