Goa reminds me of beaches, tropical spices, Portuguese culture, and many more feelings are infused it, and being the highly visited city in India it has turned out as a 2 Home Investment destination where it holds the possibility of making X into 2X, but is it really possible?
This is a mind-boggling question, but the facts and developments give a clear picture of how Goa can be your next investment destination?
- In 2022 Goa has witnessed more than 3.0 million tourists including 0.5 million foreign tourists where this has worked as a ladder to a better economy and related sectors Hospitality, Real Estate, and Industries are getting an edge too.
- Property price to increase by 10-15 percent in 2022 where the investor will enjoy the property appreciation and monthly rental income which is surely higher in a tourist place. Also, there are home cum hotel concepts where everything is taken care of by the reputed agency that ensures cleaning and maintenance, so by paying them some % you can relax and just get your monthly about, and the best is you really don’t have to visit your property to look after it, Tata Rio De Goa project works on this concept where its 2 BHK apartment ready to move starting from Rs 82 Lacs is a new deal to seal.
- Upcoming Airport in Goa to spur the demand for a second home- Mopa International Airport is expected to be operational by August and this will direct a direct impact on Goa Real estate Market. Your investment will ensure appreciation.
- 70% of demand is within the Rs 2 Crore price range, so here the buying can find the mega range of properties, even at present 63% of the builder prefer to focus on a residential project whereas 28% builders are planning for commercial projects.
CONCLUSION
So considering the property hike, upcoming airport, high range of properties, presence of highly visited tourists and more factors labeled it the secured 2nd Home Investment, and if you were skeptical about it, then these factors strengthen your decision.
