Goa 'the ultimate holiday
destination', in recent times is emerging as the pre-eminent investment
destination in India.
More than local investors, it's
the foreign buyers who invest big time in Goa real estate, says
Andrews, a broker source from Goa. The returns from investment in Goa in long
term is considered very good. Stamp duty and other property taxes are
comparatively low in Goa.
Beside, the tourists are also in
the race to acquire their own home in Goa, since hotel industry in the state is
booming and thus the cost of staying in hotels is quite high, so the people who
visit Goa often are now vying to have their own holiday home in the state.
Adds J Dsouza, real estate broker
from Goa, "Furthermore, this can be a good investment option as when they
are not on vacation in Goa, they can rent out their property at high prices and
can have excellent returns at hand." Moreover, possessing a seaside villa
in Goa is a dream for every individual and it spells status symbol.
The cities laissez-faire
lifestyle, adds an extra amount of appeal to this captivating destination.
Rated as one of the best states to live in, Goa is a very peaceful place with
lower rates of population, pollution and crime.
Real estate in Northern Goa is
more expensive than the Southern districts of Goa, states Ashok Kumar a
property broker from Goa, "South Goa is more at peace with nature and is
best known for its scenic beauty, whereas north Goa is more youthful, high on
night life and zeal."
He adds on further, "but
currently the developments are taking place all over Goa, Southern district may
not be that dynamic but it is catching up fast with many big real estate
projects underway and quite a handful to be launched soon. The same goes for
real estate in suburbs and peripheral areas."
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