Goa’s coastline is fringed with tropical trees and lapped by waters of the Arabian Sea, making it a tourist destination like no other in the World. Goa boasts several magnificent Churches and Portuguese homes, attracting visitors from all parts of the Globe to experience its unique heritage and culture.
What makes Goa’s Holiday Homes the perfect Investment option in India?
‘A lot of people look at Goa’s real estate to earn a rental income by letting out the property to tourists. During peak season, this turns out to be a high income generating venture.’ – 99Acres.com
There is something for everybody in Goa; which goes to mean that no matter your taste or choice, you can always earn a rental income from your home. There are many operators that will manage your property for you and guarantee you a certain percentage, or you have the option of letting the property out yourself. The location and type of property you choose is key to determining the rate of return you will receive.
If you want to buy a second home, away from the monotony of city-life, then Goa’s serene location, quiet local lifestyle and strong economic environment make it an attractive investment option. Goa offers the perfect mix of a vivacious urban experience along with serene and rural tranquility.
Goa is conveniently located with access to all major metropolitan cities in India. International flights from many parts of the world carry a huge number of foreign tourists to and from the state. The Goa airport is currently situated in the middle of North and South Goa, making both districts easily accessible. With the new Mopa airport scheduled to open in 2020, the northernmost beaches such as Arambol and Querim will now become more accessible.
Goa has become fashionable as a location for a second home consistently over the years. A home away from home, the rustic Goan lifestyle has offers a peaceful retirement option for many. Goa now has a decent sized community of retirees who have chosen to blend in with the local population.
Who wouldn’t like to spend a fun-filled weekend with friends and family in Goa every now and then? Having a second home in Goa saves people the bother of booking hotel rooms or rentals, especially in peak season when hotels are not being able to handle the large influx of tourists.
The competitive real estate prices of Goa compared to it’s urban counterparts in the country make buying a second home much more feasible. Depending on the budget of the investor, the person can choose between Northern or Southern Goan belts. North Goa definitely offers more variety and is more commercial with access to multiple entertainment and recreational activities as compared to South Goa, which is more conservative albeit affordable.
Goa’s rental income market is directly proportional to the tourist inflows in the state. Goa’s future will remain to depend on tourism with tourist season now extending even to the hot summer months, making it a steady and feasible option for investment.
Buying a Second Home in Goa? Know Why to Invest in Real Estate Goa
If you want to buy a second home, away from the monotony of city-life, then Goa is a best choice.Investing in properties in Goa is truly worth it
Is buying property in Goa a good investment?
Thereby, holiday homes become the alternative for tourists both for long stay and flexibility which they offer. However, there is only one major negative of investing in Goa and that is largely seen as a second home market may not bring in immediate gains.
Can outsiders buy property Goa?
And the demand of ban on sale of land and residences to persons not of Goan origin, Such restrictions one can think to be imposed on foreigners but to say that another Indian citizen cannot buy land in Goa for residence and settlement is a complete negation of a citizen's right under Article 19(e) of the Constitution ...
Can foreigners buy property in Goa?
According to the Foreign Exchange Management Act, 1999 a foreigner can buy property neither in Goa nor India. Only a person who is a resident of India can buy property in Goa as well as the whole of India. But Indians are not restricted from purchasing property situated outside India.
How wealthy is Goa?
Goa is the highest-income Indian state / union territory by GSDP per capita (₹375,554 (US$5,200)). The top 10 Indian states and union territories by GDP per capita are: Goa, Delhi, Sikkim, Chandigarh, Puducherry, Haryana, Telangana, Maharashtra, Uttarakhand, Karnataka.
Can OCI buy property in Goa
OCI card holders can purchase residential and commercial properties in India. But they are not permitted to purchase agricultural land, including farmland or any kind of plantation property. ... However, he/she can acquire or transfer immovable property in India, on lease, not exceeding five years.
How Safe Is Goa?
Despite stories of violent crime, drug-related misdeeds and police corruption (some of them internationally high-profile and involving tourists) Goa remains essentially a safe destination for travellers. So long as you adhere to a few basic and common-sense safety precautions, you should stay safe and secure in Goa.
Why is Goa so popular?
Ruled by Portuguese in the past, this region is famous for fusion of European and Indian culture and beauty. The Western Ghats running through the region makes it lush for wildlife and flora too. Goa is one of the most important tourist spots in the country because of its beauty and culture.
For what Goa is famous for?
The state of Goa, in India, is famous for its beaches and places of worship, and tourism is its primary industry. Tourism is generally focused on the coastal areas of Goa, with decreased tourist activity inland.
Goa real estate: Why it is a good option for second home
However, there is only one major negative of investing in Goa and that is largely seen as a second home market may not bring in immediate gains. Although a good rental market, Goa's rental income is directly proportional to tourist inflows.
Why everybody loves Goa and wants to buy a property right now
The place is like a selfish lover who would only settle for persistent love.
When you go to buy a second-hand apartment, the asking prices are high, but finding a buyer to make that choice for a second home that he or ...
Is Goa the place for our second home? Should I buy a home by the beachside to have the Goan lifestyle
You don't need a beachside home to live the Goan life! Acron is always delighted to see the joy and satisfaction in our Acron homeowner’s expressions when they take possession of their new homes.
Tips For A Gainful Investment In Goa
Goa’ is now a growing real estate hub and an apt destination for second home/ retirement home seekers to get a supplementary income by leasing out their properties or finding a home that suits their retirement requirements.
Goa Real Estate: Next Huge Investment Spot In India
Real Estate In Goa: Goa is gaining popularity among people who like to take a break from their fast-paced lives and enjoy the tranquility of a peaceful location, many are choosing to invest in second homes here.
Top 5 Reasons To Invest In A Property In Goa
Goa is a great investment proposition if you plan to give back know top 5 Reasons to Invest in a Property In Goa in this article.
Watch out for these second home destinations in 2019
Are you interested in investing in a beautiful second home destination ... Goa is one of the most popular second home destinations in India.
GOA: Second Home Destination, Investment Advice, Goa Velha, Goa
Real Estate Forum - Investment Advice - Goa Velha, Goa - GOA: Second Home Destination
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