Travel abroad or planning for real estate investment out of India seems like a faraway dream, 2021 - 2022 is the time you should consider Goa as a perfect alternative.
Now we understand that, though 2021 is not free of the previous year's problems (coronavirus is still here), there are better prospects to look forward to, like the Covid-19 vaccine rollout in India.
But the question here is – Why only Goa is the best alternative for real estate investment or travel?
Let’s talk about...
According to the real estate investment experts in Goa, “Just like other sectors & regions of India Goa was also hit by a fall in business in 2020 March, when the entire nation and most of the countries in the world went into a lockdown due to this pandemic. Not only residential properties but commercial property rental too was hit badly. But then, on 1 September 2020, the State Government of Goa lifted all curbs on the movement of outsiders, and property business saw a rising trend, even if the small one.
As stated by local proprietors, “at the time of lockdown we have lost our business, but still receiving lots of inquiries from outside of Goa regarding the rent or buy holiday homes. Most of the calls were coming from big cities like Delhi, Mumbai, Bangalore or Pune, etc. The real estate of Gurgaon is now slightly better because of such people. “
Enjoy Double Space in The Half Rent
Manas Mohanty, 35, who works in a Gurgaon-based online marketing firm, moved with four of his friends to a holiday home in Tata Rio De Goa, Dabolim Goa over a month ago.
Dabolim in Goa is a picturesque, green region lined with tropical trees, conveniently located on the outskirts of South Goa and close to Bogmalo beach & Airport, a famous destination of Goa’s tourist map. For Manas, this is the contrary of living in NCR’s congested, traffic-ridden Gurgaon.
“Since my childhood, I was dreaming about living in Goa and this pandemic has made it possible. We were working from home until further notice, and our HR will notify us a month in advance about when we have to get back to the office. We are completely enjoying our life here by finish our daily work, then go for a walk and enjoy weekends in the bar”.
There are countless people like Manas who are living in Goa on rent and enjoy their work from home, they have signed the lease. So, this is a win-win situation for both renters and owners.
Increase in value & rental as inventory running out
According to the real estate developer in Goa, most of the property investors & holiday home seekers are interested in locales around Goa’s Southern coast. People are now not only looking for renting or leasing but real estate investment as well, pushed up the property value.
Real estate investor who wants to invest in any exotic locations of abroad can consider Goa, as most of the countries slammed their borders shut to stop coronavirus. The pandemic has also shifted the way of think of property buyers & investors. You can only buy a luxury apartment of 4 BHK in Delhi NCR at Rs. 3 – 4 Crores but with the same amount you will have a grand luxury property in Goa.
Currently, the situation of Covid is unpredictable, but the real estate of Goa is moving upward. Real estate investors from Delhi & Mumbai are paying attention to buying property. Many are buying residential apartments & independent property here and earn rental income by putting them up for rental.
Realty Market of Goa
Still, the real estate of Goa has witnessed an extraordinary rise in residential property value. In the last few years, Goa has become the best market for real estate investment and holiday home buyers for people of India & the world. Heavenly beaches, green surroundings, high infrastructural & economic development, and tourist attraction have allured many reputed real estate developers in India and Tata Housing is one of them.
The real estate of Goa is mainly dividing into two parts South Goa & North Goa and both parts have their characteristics. North Goa is best for the individuals who prefer to live in the middle of activities and South Goa is perfect for the individuals who want to live in the middle of peaceful surroundings and heavenly nature, and property price in South Goa is also under reasonable slab.
Tata Rio De Goa from Tata Housing, located in Dabolim South Goa is one of the best investment opportunities in Goa for everyone. This is also the best opportunity for the individuals who are looking for property investment abroad but now put this plan on hold due to pandemics.
