Are you considering a home in Goa, which is surrounded by Portuguese colonies on the Arabian Sea coast? Goa’s residential real estate accommodates a wide range of tastes, from end users to retirees. In North and South Goa, investors have a variety of alternatives, including villas, apartments, and plots. However, which areas of Goa are ideal to buy property in Goa? We compiled the list for you!
Why Goa can be considered to buy land in Goa?
Goa, the “land of beaches and seas,” is a renowned vacation destination close to Maharashtra. Due to the completion of numerous infrastructure projects, including the Mopa International Airport and the Zuari Bridge, it has recently made headlines. In addition to improving connectivity, these improvements have restored Goa’s residential market’s prominence. The greatest places in Goa for investors seeking profitable possibilities to buy land in Goa are Porvorim, Mapusa, and Candolim, among others. As per some of the reviews, these locations got the highest ranking on a scale of 1 to 5 for factors like environment, safety, lifestyle, and connectivity.
Looking for the best locations to buy land in Goa? Here are some of the best options for you
Porvorim, North Goa
Porvorim is a thriving residential community in the center of Goa, located along the Mandovi River on the busy Mumbai-Goa Highway. It has excellent access to the Panvel-Kochi-Kanyakumari Highway, and Dabolim Airport through NH-78 and NH-66. The cost of buying a home in Porvorim is approximately Rs 8,300 per square foot, while monthly rentals fall between Rs 9,000 and Rs 39,000. Because industrial estates like Pilerne and Colvale are only 14 km away, the area continues to be a desirable place for working people to live.
You will get a lot of benefits if you decide to buy land in Goa. There are many amenities available like schools, hospitals, Educational Institutions, Shopping recreational hubs, Vidya Prabodhini College, Chodankar Hospital, Mall De Goa, Ann Institute of Hotel Management, Mandovi Hospital, Prime Square Mall, Holy Family Primary School, etc.
Mapusa, North Goa
Mapusa, a residential/commercial neighborhood known for its busy lifestyle, is tucked away in Goa’s northern region. The local region is connected to other parts of the city and beyond by the Mapusa bus terminal, Thivim Railway Station, NH-66, and Calangute-Mapusa Road. Mapusa’s housing market provides a high-end experience, with domestic builders’ 2 BHK units dominating the market. After a sharp 40% increase over the previous five years, the average price of real estate in Mapusa is approximately Rs 6,450 per square foot. Investors in Mapusa can anticipate consistent price increases and reasonable monthly rentals, with beginning prices of about Rs 26,600.
The need for housing in Mapusa is mostly driven by industrial centers that are accessible within 30 km, such as Verna and Kundaim. To buy land in Goa in Mapusa and other regions you will need some important documents.
Candolim, North Goa
Candolim is a charming area in North Goa that stretches from Aguada to Calangute and is bordered by the Nerul River and the Arabian Sea. Candolim is the ideal location for anyone seeking a tranquil coastal lifestyle because of its many sea-facing properties, and strong accessibility via NH-66, Aguada Fort Road, Verem-Nerul Road, and more. Candolim’s residential inventory consists of ready-to-move-in 1 and 2 BHK flats, with an average price of about Rs 12,800 per square foot. Despite the high rates, housing values in Candolim have increased by 80% over the past five years due to the constantly increasing demand. Monthly rentals in the neighborhood range from Rs 26,000 to Rs 35,000.
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