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A View on Goa Real Estate

1 Comment   |   January 19, 2007    10:06am   |Contributed by Indian Realty News

A View on Goa Real Estate 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

Location Residential Commercial
Panjim 2400 - 3600 3000 - 4250
Margao 1400 - 2000 2400 - 3850
Mapusa 1400 - 2000 2850 - 3300
Calangute 1700 - 2000 3000 - 4000
Miramar 1900 - 2200 2800 - 3200
Dona Paula 1550 - 1900 2000 - 3200
Bardez 1200 - 1800 1800 - 2800
Ponda 900 - 1700 2000 - 3000


** 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:   Real Estate India | 1 Comment »



One Response to “A View on Goa Real Estate”

Indian Realty News Says:  |  January 19th, 2007 at 10:29 am  

Dear Readers,

We thank you for your quick response and productive suggestions. The city specific articles give you additional information on prevailing real estate trends and are intended to assist you in finding answer to your queries.

We have tried our level best to scout every reliable source to provide you with the correct data for property prices that you can count on. If you have any information to bring the improvements in chart, add your suggestions to the comment section.

Thanks
Editor