Why Invest in Goa?
Goa, often celebrated for its stunning beaches and vibrant culture, is rapidly emerging as a prime investment destination. Here are some compelling reasons why investing in Goa’s real estate market is a smart move:
1. Dual International Airports
Just like Bengaluru, Goa is unique in hosting two functional international airports. The new Mopa airport promises a transformation similar to what Devanahalli and Hebbal experienced 10-15 years ago with the Kempegowda International Airport. This development is set to boost connectivity and economic growth in the region.
2. High Rental Yields and Limited Land Supply
Goa’s naturally limited land supply, coupled with an enhanced supply of luxury real estate, offers investors higher-than-average rental yields of 5-8%. This trend of hyper-growth has made Goa a preferred choice for savvy investors across the country. For instance, land in Candolim (North Goa) and Colva (South Goa) has seen returns of over 5x and 4x, respectively, over a 15-year period.
3. Infrastructure Developments
The 6-lane expansion of the Mumbai-Bengaluru expressway, spanning 72 kilometers between Chitradurga and Davangere in Karnataka, is set to revolutionize travel between Bengaluru and Mumbai, significantly impacting those traveling to Goa. This ₹1,400 crore project prioritizes sustainability by using materials like plastic in bituminous concrete and milling material in service roads.
4. Game-Changing New Airport
The new Mopa airport, operated under a PPP model by the GMR Group, has recently secured funding of ₹2,475 crore to further expand and enhance its operations. Once completed, the airport’s total passenger handling capacity will reach 1.3 crore passengers per annum, indicating a significant boost in tourism and real estate in North-East Goa.
Investing in Goa is not just about capitalizing on its natural beauty and tourism appeal; it’s about leveraging the state’s strategic developments and high growth potential. Whether you’re looking for high rental yields, long-term appreciation, or a blend of both, Goa offers a promising landscape for real estate investment.
1. Dual International Airports
Just like Bengaluru, Goa is unique in hosting two functional international airports. The new Mopa airport promises a transformation similar to what Devanahalli and Hebbal experienced 10-15 years ago with the Kempegowda International Airport. This development is set to boost connectivity and economic growth in the region.
2. High Rental Yields and Limited Land Supply
Goa’s naturally limited land supply, coupled with an enhanced supply of luxury real estate, offers investors higher-than-average rental yields of 5-8%. This trend of hyper-growth has made Goa a preferred choice for savvy investors across the country. For instance, land in Candolim (North Goa) and Colva (South Goa) has seen returns of over 5x and 4x, respectively, over a 15-year period.
3. Infrastructure Developments
The 6-lane expansion of the Mumbai-Bengaluru expressway, spanning 72 kilometers between Chitradurga and Davangere in Karnataka, is set to revolutionize travel between Bengaluru and Mumbai, significantly impacting those traveling to Goa. This ₹1,400 crore project prioritizes sustainability by using materials like plastic in bituminous concrete and milling material in service roads.
4. Game-Changing New Airport
The new Mopa airport, operated under a PPP model by the GMR Group, has recently secured funding of ₹2,475 crore to further expand and enhance its operations. Once completed, the airport’s total passenger handling capacity will reach 1.3 crore passengers per annum, indicating a significant boost in tourism and real estate in North-East Goa.
Investing in Goa is not just about capitalizing on its natural beauty and tourism appeal; it’s about leveraging the state’s strategic developments and high growth potential. Whether you’re looking for high rental yields, long-term appreciation, or a blend of both, Goa offers a promising landscape for real estate investment.
more info on investment in goa: https://blog.propskool.com/2024/07/infrastructure-developments-within-goa.html
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invest in Goa: https://propskool.com/goa-living
invest in Goa with HoABL: https://blog.propskool.com/2024/07/why-invest-in-hoabl-goa.html
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