Goa has always been on the priority list when it comes to vacations. But have you ever thought about how beneficial is Goa for investing? Do you avail any property there? How can you buy property there? Goa isn’t needed for any description there are countless points that you can check on Goa and about real estate investment there. Heed down to know more.
1. Can anybody buy property in Goa?
This is quite a common question in everyone’s mind. Every Indian citizen whether Goa domiciled or not can buy land in Goa. Indian citizens are not restricted to buy property in India in any way. They just need to keep a check on the rules that they are not violating the state or city norms and regulations. There can be restrictions for the foreigners but not for Indians. Buying property is a fundamental right of a citizen and no one can stop you from this. So yes any land can be purchased in Goa you want. There are different parts of Goa which are good for different reasons, like for plantation or agriculture there is an area, then for residential investment, North Goa and South Goa is considered to be good. Even for an NRI, it is possible to buy Goa property, just with some rules and restrictions.
2. How much does it cost to buy a house in Goa?
Goa’s serene location and attractive lifestyle are fetching lots of attention. Every second person is planning to buy their first or second home in Goa. But many of you must be doubting the cost of property in Goa. It is considered to be a perfect investment destination. NRI’s are showing considerable interest in the property of Goa and mainly for their second house. The southern part of Goa majorly Dabolim has seen the maximum appreciation of 30% which is fetching leading builders' interests like Tata Housing. The prices here are quite an affordable segment range up to Rs 4,500 per square ft, while a high villa can go up to 2-3 crores. I don’t think that a villa at this price is easily available anywhere. At some areas price range from Rs 4500 p.s.f. to Rs 6500 p.s.f.
3 .Property rates and price trends in Goa
Price trends and property rates in Goa are very important to be known before you invest here. It is must to say that price is quite affordable overall. The property price here starts from Rs. 12.00 lacs while the average price of properties in Goa is Rs. 1.55 crore. The most expensive property listed in Goa is priced at Rs. 20.00 crore. Upward and downward trend depends on the localities. The market keeps on changing and so as the rates fluctuate.
4.Can I buy a flat in Tata Rio de Goa?
Tata Rio De Goa is an excellent residential community garnering lots of attractions. It has been prepared by Tata Housing the leading name in real estate. This property is a mishmash of 2 BHK (S), 2 BHK (L), and 2 BHK (XL) premium apartments. Each unit is exclusively planned and intricately designed for comfortable and luxurious living. Dabolim, South Goa has been chosen by the builder for its development. It is the most favorable location from different aspects. There are several internal and external amenities added here that make it more prevalent for living.
By concluding the blog I can say that Goa real estate investment has always sound positive. It has become the prime destination for the metropolitan people investing there. Both North and South Goa is found perfect for the investment market, affordability, and home seekers. So without any doubt, one can invest here and avail of the attached benefits.
