Your own Slice of Paradise!

January 24, 2007	(1 votes, average: 4 out of 5)  Loading ...
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Having a holiday home is not just the perquisite of the rich and famous any more. A study of real estate in Goa would reveal a plethora of apartments being bought up by young corporate executives who love the thrills that this seaside town provides.

Goa is a favourite holiday resort for youngsters with its beaches, yuppie culture, cafes and seafood joints. Holiday-makers make as often as four trips a year. With hotel rates shooting sky high -25% since 2005 - investment in property in Goa becomes a more lucrative option for many, as it offers very good appreciation.

Cottages or bungalows being difficult to maintain for the outstation owner, apartments are the obvious choice. These residential apartments are equipped by the property developer with swimming pools and gymnasiums, with maintenance and security also provided for.

The apartments in Goa not only have good resale ability, they fetch high rents too. A well located, sea-facing apartment can get the owner Rs.1 lakh a month, which would probably take care of his loans on the investment in no time! Moreover, property taxes and stamp duty are lower in Goa than in most other states.

Real estate developers in Goa stealing the show are, amongst others, Acron, which caters to the select holiday-home buyer group, Iona Fernandes Developers Pvt. Ltd and Araujo Home Makers. Peace valley by Sanatan Financiers and Real Estate, Monte Carlo, Meadows, The Palms, Villa Serena, Villa Vera Goa and Villa Paradise are new projects in Goa. Real estate builders operating on a national scale like DLF and Parsvnath have exclusive residences coming up in the city too.

News Published Under:   Real Estate India, Real Estate Developers |

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