Why Reis Magos is an Upcoming Area for Real estate Investment in Goa
By sanjit Posted 26-10-2022 Architecture
Goa has always been a favorite amongst travelers, but post-pandemic Goa also witnessed a rise among remote professionals. Filmmakers, actors, businesspeople – everyone found respite in its quiet corners, leading to an exponential boost in the pre-existing demand for real estate investment in Goa. The state’s scenic beauty and laidback lifestyle make it a preferred destination for second homes, especially vacation or post-retirement homes.
Key Takeaways
•Reis Magos, a developing real estate hub in Goa on the banks of the Mandovi River, offers luxury homes on the riverfront and in nature.
•It's only a 15-minute drive (or ferry ride) from Panjim and within a 30 km radius of popular villages like Anjuna, Assagao, Vagator, and Morjim—without the premium price tags.
•Essential services such as Goa Medical College, Mapusa Sub-District Hospital, and local markets are all within a 30-minute drive.
•Connectivity for owners and renters is enhanced by the proximity of both Dabolim Airport and the upcoming Mopa International Airport, both less than an hour away
•There are few properties in Reis Magos at present, and travel is becoming more popular, so the Reis Magos property market has good potential for rental income (long-term or Airbnb).
•Good long-term returns are expected for early investment in Reis Magos as demand grows and more builders become aware of the project
While Anjuna, Vagator, and Candolim are the current luxury real estate hotspots, luxury homes in Assagao and Aldona are also witnessing huge demands. Apart from this, the village of Reis Magos, which sits on the bank of the river Mandovi, is seen as an upcoming area for real estate investment in Goa. Its accessibility and natural beauty are some reasons that make it perfect for a real estate investment.
Reis Magos leaves potential homeowners spoilt for choice. Not only is it home to some river-facing Goan homes, but also luxury living spaces that are surrounded by green fields. These regal structures are spacious and peaceful, making for the perfect getaway for urban dwellers. The village’s topography allows for an abundance of sustainable, biophilic, and commodious home designs. A gated complex in the village can offer all the comfortable amenities without compromising on nature-inclusive spaces.
Reis Magos is a 15-min drive away from the capital city of Panjim and is well-connected to it by ferry too. Moreover, Reis Magos puts you within a 30 km radius of all the other well-loved Goan villages of Anjuna, Assagao, Vagator, and Morjim and the range of experiences they offer. So when you buy a home in Reis Magos, you get access to all its happening corners without having to indulge in their exorbitant housing prices. You get to choose luxury without compromising on accessibility.
Owning a home in Reis Magos doesn’t just put you in close quarters with Goa’s fun corners but also makes all essential services accessible. The Goa Medical College, the Mapusa Sub-District Hospital, and other private hospitals are all within the range of a 30-minute drive. You can also buy all your essentials from the Mapusa or Panjim market for travelers. various superstores around. Apart from that, Reis Magos is less than an hour’s drive from both the old Dabolim Airport and the upcoming Mopa International Airport.
The conveniences that the village offers to homeowners are just starting to gain the attention of builders and potential investors, making it an upcoming area for real estate investment in Goa. Even if you do not plan on living in it anytime soon, a home in Reis Magos can bring in a secondary income. Consider renting it out to long-term residents or opening it up to guests on Airbnb. Thanks to its location and access to amenities, your home in the village will quickly pique the interest of travellers. Moreover, since the interest in luxury homes in Reis Magos will only continue to increase, the property you buy now will get favorable returns down the line.
With Goa developing rapidly, cookie-cutter apartments and projects have been mushrooming around the state. The joy of living in one of Goa’s picturesque villages lies in the way the homes embrace natural materials and are built to suit Goa’s varied topography. Visit our website to know more about how Kasu Homes stand out. travelers.
FAQS
Why is Reis Magos considered a good area for real estate investment in Goa?
Reis Magos offers river-facing luxury homes, biophilic design, and easy access to Panjim, top villages, hospitals, and airports—all at more affordable prices than hotspots like Anjuna or Candolim.
How far is Reis Magos from Panjim?
Reis Magos is just a 15-minute drive from Panjim and is also connected by ferry across the Mandovi River.
Is Reis Magos close to Goa's airports?
Yes, Reis Magos is less than an hour's drive from both Dabolim Airport and the upcoming Mopa International Airport.
Can I earn rental income from a home in Reis Magos?
Yes, homes in Reis Magos can generate secondary income through long-term rentals or Airbnb, thanks to strong traveler interest and the village's location and amenities.
What makes homes in Reis Magos different from other Goa properties?
Homes in Reis Magos favor sustainable, biophilic design using natural materials suited to Goa's topography, unlike the cookie-cutter apartments common in other parts of the state
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