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How To Choose The Most Suitable Investment Property In Goa

By sanjit Posted 11-09-2020 Architecture

Introduction

Goa is being increasingly viewed no longer as just a holiday destination but also as a strong contender in the real estate market by affluent city dwellers as well as non-resident Indians. Buying a property in Goa offers the unique opportunity to have a second home as well as a safe and intelligent investment in property that has only been appreciating in value. Goa, being a popular tourist destination for local and international tourists, ensures that rental returns are good and resale value is strong.

Key Takeaways

Whether you are considering a holiday home, a rental asset, or a long-term investment, understanding the right factors before buying is crucial. The following are the key aspects to consider while investing in a property in Goa.

Factors To Consider While Investing In Property In Goa

 Type Of Property

Goa offers a smorgasbord of investment options to cater to your financial plans.

1: Consider nonagricultural land if you are looking for a long-term investment or are planning to build your own villa. Do, however, check the title deeds of properties for sale in Goa carefully and be informed that Portuguese law still applies in some situations.

2: An old Goan house with the land around it is an ideal investment to be converted into a boutique hotel, lifestyle store, restaurant, or home. Be prepared to spend a little extra for renovations.

3: Select a reliable and reputable real estate developer to invest in a property that has already been developed or is in the early to mid stages of development. They can offer you flats, single-floor apartments, duplexes, bungalows, and luxury villas in Goa. Start by asking yourself if you are looking at Goa to have a holiday home, a place to rent out, a place to move to, or a future retirement destination option.

Developers like Kasu Homes specialise in luxury villas and apartments designed with great care, reflecting a perfect balance between lifestyle, location, and the long-term value of the property.

Return On Investment

Decide On The Tenure Of Your Investment Plan

1: Short-term investments will include rental incomes and a quick resale turnover. If you decide to rent your property in Goa, make sure that you choose one with high potential and minimal maintenance. Understand the locations in Goa that have a higher chance of attracting rentals and the size that people are most likely to favor. The demand for an apartment may be much more than for a villa. However, a luxury villa will command a very lucrative rental. It will also be more valuable in the long run as the premium residential segment is trending upwards.

2: Long-term investment will include the appreciation in the value of the property over a longer period of time. This would be ideal for the young investor with money to spare.

On average, expect your property in Goa to yield 12–16% returns annually.

Want to know what drives the steady rise in Goa’s property values? Read our blog Why Invest in Goa Real Estate.

Location

Beachside Or Hinterland Property In Goa

Goa offers three broad choices in terms of location: coastal, in the villages of the hinterland, and in the cities. Most luxury villas in Goa tend to be situated away from the beach in quiet, secluded villages. On the other hand, most apartments tend to be located in busy cities. They are also most common in the busier areas of the beach belt.

Explore Kasu’s luxury villas and apartments located in Goa’s most sought-after areas — Assagao, Anjuna, Moira, and Reis Magos — where tranquillity meets accessibility.

Ask yourself the following: Is it just going to be a holiday home cum rental, and you prefer to be near the hustle and bustle? Is it going to be a holiday home, or do you prefer peace and quiet? Are you moving along with the children? In which case, you have to bear in mind your preferred schools and colleges. Do you want to avoid travel? In this case, you have to consider proximity to markets, hospitals, and other amenities.

North Goa Or South Goa

The Goan real estate market is divided into two micro markets, North Goa and South Goa. Both boast beautiful beaches and villages. There is, however, a difference in North and South Goa when it comes to investing. North Goa is more popular and commercial with respect to tourist and entertainment activities. The south in comparison, offers better rental and resale values. South Goa offers lower property prices. And therefore, it is ideal if you are looking to buy an affordable holiday home or residence away from the buzz.

Before you make your final decision about purchasing a property in Goa, make sure to peruse the luxury villas in North Goa that Kasu Homes offers. You will find that they offer not just homes but endearing luxury lifestyle experiences.

Conclusion

Property in Goa investment has moved beyond a mere emotional decision; it has become a savvy financial step. Each choice, be it the property type, rental yields or the decision of North vs South Goa, affects your investment result. With the demand induced by tourism and the steady increase in prices, Goa still ranks as one of the most lucrative real estate markets in India. Partnering with trusted developers such as Kasu Homes will also guarantee that your investment brings you both a happy lifestyle and an increase in your wealth.

FAQs

Is Goa a good place for property investment?

Goa, with its high tourist demand and limited land availability, continues to be a great spot for generating rental income and also capital appreciation in the long run.

What type of property gives the best ROI in Goa?

Apartments provide steady rental income, whereas luxury villas can achieve higher short-term rental yields and also enjoy capital appreciation over the long run.

Is North Goa better than South Goa for investment?

While North Goa is more commercial and hence a better place for rentals, South Goa, through its affordability and greater resale value, is the better option.

Can NRIs buy property in Goa?

NRIs, of course, are allowed to purchase a residential property in Goa, but this is dependent on the Indian real estate laws that they must follow.

Why choose a reputed developer like Kasu Homes?

A reputed developer provides you with a clear title, quality construction, excellent location, and resale value, along with good rental value.

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