Although Goa is known as a tourist spot there are good reasons to invest in the real estate market of North Goa.
Let us look at 5 of the reasons to invest in North Goa:
1. Holiday destination
The mention of Goa creates images of exquisite churches and architecture, splendid forts and monuments, lush tropical greenery, and narrow rustic lanes that pass right in front of our eyes. Easily accessible from major cities in India, Goa is India’s most popular holiday destination. It is a regular escapade, especially for folks from the metros, that helps get away from busy urban routines. Imagine owning an apartment in Goa and being able to go every time you feel like it. An idea that will bring a smile to anybody, this idea is a win-win situation who owns an apartment or wants to rent one. Given the popularity of the emerald state with Indians, and more so with foreign travelers, it can be a smart investment decision.
2. Tourism
The Goan economy thrives on tourism and hospitality. Although hotels and resorts are the first choices to stay for tourists, many travelers choose to live in service apartments for longer durations. Also, during the peak season, hotels and resorts cannot accommodate the large influx of tourists. In these times, residential projects in north Goa become the preferred choice for stay, especially for tourists who stay for long durations. The stay is economical and convenient when compared to expensive resorts.
3. Development
Over the years North Goa has seen significant improvements in infrastructure, connectivity, and amenities. Good roads, better transportation, and other facilities are good reasons to invest in North Goa real estate. The government’s focus on developing other sectors, like pharmaceuticals and manufacturing, is also adding to economic growth and employment generation. 1 BHK flats in Kadamba Plateau can be a good option for investment.
4. Staycation trends
Everyone was forced to work from home during the COVID pandemic. It is during these times that the concept of staycations became popular. Post-COVID, many corporates are allowing the remote work option. This has created a demand for Goa as a preferred remote location for many professionals. It gives them a choice to enjoy the scenic and bohemian lifestyle and work at the same time. As a result, there is a surge in demand for rental apartments for extended periods spanning over several months and even years. Many upcoming apartments in Kadamba plateau are good options for staycation travelers.
5. North Goa
It is known that North Goa is comparatively more developed than the rest of the state. It is popular amongst tourists as it offers a rustic experience of the tropics. The serene and peaceful countryside coupled with the simple life of Old Goa has a calming effect and ensures a feeling of well-being. At the same time, one can always pick and choose from a plethora of restaurants and cafes to socialize. This makes North Goa a preferred location to invest in.
Some noteworthy locations that can be looked at by home buyers and investors are Kadambu Plateau, Candolim, Saligao, Anjuna, Parra, Ponda, etc. Kadambu Plateau is an upmarket locality in North Goa offering premium residences. It is located close to Panjim and other employment hubs. The region has easy access to schools, colleges, malls, hospitals, and other facilities. Reputed developers offer 1 and 2 BHK flats in Kadambu Plateau; the price range of flats for sale in North Goa is ₹40 lacs to ₹ 1.2 crores.
Original article published at https://www.ezeebiz.in/investing-in-goa-a-smart-choice-for-mid-income-buyers/