With its beautiful beaches, cosmopolitan culture, entertainment hubs and food joints, Goa is one of the most prefered holiday spots in India. In fact, owing to its international tourist proposition, a sea side property in any part of Goa is like a prized possession.
Amid the hotel rates shooting through the ceiling, tourists who visit Goa quite often prefer to invest in Goa residential property. Real estate transactions are taking place as more and more tourists buy a house as a vacation home and then rent it out to someone for the period during which they are not holidaying.
Owning a sea-side property in Goa is perceived as a matter of pride and class by the people. Though having a sea facing villa in Goa is a dream every person embrace, the apartment trend is also catching up fast. There is a glut of apartments being acquired by young corporate executives who love the kick that this coastal town offers.
Says Anand of NA properties, 'As majority of buyers and investors belong to younger generation of society, they find it difficult to maintain villas whereas residential apartments with swimming pools and gyms, are outfitted by the property developer with maintenance and security also provided for.'
The residential property in Goa not only has good resale potential, they acquire high rentals as well. A well located, sea-facing apartment in Goa can get the owner as much as Rs.1 lakh a month.
There are many residential projects coming up in Goa, villas and apartments (freehold basis) and the construction is all across Goa (in the city and also on the peripheries). Apartments are coming up in the state in the vicinity of Panjim, Mapusa and Calangute beach.
Many real estate developers are launching their residential projects in Goa like Acron, which caters to the select holiday-home buyer group, Araujo Home Makers and also DLF and Parsvnath have exclusive residences coming up in the city. All these developers are eyeing to position their developments at a site which offers the potential buyers a seamless sea view.
For more details on , log on to magicbricks.com
