Investing in real properties is looked as an opportunity by many investors. The past few years has seen soaring rates in property not only in hyped metros but also in all parts of India. The builders too are having a tough time in negotiating deals and there is a considerable delay in delivery of options. Properties are usually brought for living, relocating, investing, renting or using it for commercial reasons. The main criteria are accessibility, availability of basic needs of life, water and electricity. There is also the need for lifestyle requirements that people are so much in tune with now days that makes developers provide for luxurious projects.
Goa is a land of vacationers. The scenic beauty and the slow life is perfect for a person whose priority is quality living. Goa homes have the typical Portuguese architecture and are perfect to beat the humidity that is so often felt by the people there. People here are extremely courteous and afternoons are perfect with siesta time. Property rates in Goa are also falling of late, with people investing as NRI’s or with the intention to own a holiday home.
Usually Goa property is brought as land and people construct the house with legal permission on the floor level. This allows them to be flexible with architecture and also lay plans to design their own homes. Recently the coastal belt and places close to tourist visit have witnessed triple increase in the property rates making it almost unaffordable for an interested party.
Holiday homes are very famous here and there is demand in the secondary houses for villas and bungalows. Row houses are also easy to maintain but flats in Goa seem rare as people usually look for investment opportunities in Goa. Developers are using the vast lands in making posh areas complete with tennis courts, swimming pools and health clubs.
Past few months are also seeing a decrease in the inflated property rates and one can again see a surge in seeking premium properties by people from other states. There is a continuous demand for setting up hotels and clubs in Goa which has always been an exorbitant price. The vacationers coming to Goa demand for these benefits and hence the real estate for commercial purpose is always at a high.
As the need to be close to nature is often felt as a primary need by urban dwellers, Goa will always be in great demand for property and constructing houses.