Goa real estate, property market investment

Real estate and property market investment in Goa is flourishing. Because of its scenic locations and its tourism potential, Goa is an attractive to investors. A number of resorts, hotels and places of recreation have been constructed in recent times. Commercial property along with residential property is in demand in Goa. The total land area of Goa is 3,702 square kilometers. It may be the smallest state in India in terms of area, but it also happens to be one of the richest states in the country.

A number of developers intend to develop commercial and residential property in Goa. Availability of scenic locations is expected to attract more real estate projects. Property rates in the capital city of Panaji are among the highest, followed by Margao, Mapusa and others. Premium residential property is in demand as well. Many people from other regions of India want a second home in Goa especially to holiday or would like to simply migrate there. The state is also one of the preferred destinations of non-resident Indians as many would like to reside in Goa after retirement.

The government is taking steps to improve the infrastructure of the state. A number of bridges, roads are to be constructed or are undergoing improvements in Goa to improve intra and inter state connectivity. Overall, real estate and property prices in Goa are expected to continue increasing as interest in Goa among investors continue rise.

-- Recent News --

Goa government has recently stated that no lands within the industrial estates owned by Goa Industrial Development Corporation (GIDC) should be allotted or leased for establishing special economic zones (SEZs).

More facts about Goa

Total population of Goa is close to 1.5 million. Its largest city is Vasco da Gama. Languages spoken include Konkani, Marathi and English.

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