Goa Real Estate: North Goa V/s South Goa

By: George Gonigal

Goa is India's smallest state in terms of area and the fourth smallest in terms of population. The state is divided into two districts: North Goa and South Goa. Panaji is the headquarters of the north Goa district and Margao of the south district. Each district is governed by a district collector, an administrator appointed by the government.

Goa is all set to develop infrastructure for IT industries at its Rajiv Gandhi IT Habitat coming up at the Dona Paula (North Goa) plateau. The State expects to attract around Rs 500-crore investment to this IT Park in the next couple of years. Property markets of North Goa are much active than those of South Goa, despite the fact that South Goa is more affordable as compared to North Goa and so one can get better bargains here.

This is primarily because of the reason that South Goa is known for its picturesque locales and is comparatively less happening in terms of night life and also new real estate developments, which are mostly coming up in north Goa, especially the capital city of Panjim. Capital values for apartments at Panaji are at Rs 2,500-Rs 3,000 sq. ft, while the same at Calangute is between Rs 2,000 and Rs 2,500 per square foot.

The lower part of Goa, also known as South Goa is much quieter and sleepy than the North Goa, but seeing more of tourist infrastructure development. New hotels and resorts are opening up everyday with most modern tourist facilities and services to make holiday an affair to remember. Some of the finest accommodation options of the recent times have all taken place in South Goa and it is the hub of tourist activities today.

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