A View on Goa Real Estate

January 19, 2007	(6 votes, average: 2.83 out of 5)  Loading ...
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When we hear someone talking about “Goa” the images of beaches, lush forested hills, shiny sand, swaying coconut tress, and charming faces start evolving before our eyes. Also known as India’s smallest state, Goa is a tiny land located on the west coast of India.

It is a boom time for property market in Goa with more and more investors ready to park big money here as they are confident to get lucrative yields in long term. Needless to say, everyone tries to opt for the sites situated strategically, affording scenic surroundings and possessing great potential to yield high returns. And, availability of such locations representing excellent prospects for investors is no less in Goa.

Not surprisingly, land rates in Goa are all set to go through the roof. Still, buying real estate in Goa is not hard to do on a budget and can be done without breaking the bank. For that reason, real estate bigwigs could not keep them away from the allure of Goa thereby expanding their horizons here. The list includes the names of famous builders like Gera Developers, Parsvanath and DLF who are planning to develop offices cum shopping malls in Goa.

Goa is going through major phases of make over with conglomerates buying large commercial spaces to develop shopping arcades featuring world class brands. Also, a number of retailers enjoying great name and fame are considering coming up with their exclusive showrooms. This is likely to add to the land value with average prices of Rs 2,500 to Rs 3,000 per sq ft. Market analysts see the rates for Goa commercial property to shoot up further in next ten years.

Following is the Goa property price chart that you may scout to explore your investment options:

Goa Property Rates

** Price as per the market value in Dec ’06
** Property Rates are subject to change due to market vagaries and may differ by virtue of location and project, depending and facilities and other factors.

News Published Under:   Property Prices |