Besides the tourism hotspot that Goa is, it has also seen a major infrastructural facelift over the last few years and is continuing on its road to development. The Goa State Infrastructure Development Corporation has been floated by the Government to speed up implementation of development projects such as hospitals, bus stands, bridges, parking lots, ropeways, golf courses, etc. Goa is well-connected through a network of roads, railways, and air services. The Dabolim Airport links the major Indian states to Goa and it handles charter flights and cargo from several European nations while the Konkan and Southwestern Railway links the state to the other parts of the country.
Ranked among the top five industrial destinations in India, Goa boasts of one of the highest literacy rates and per-capita incomes, lowest crime rates and best rail, road, air and marine network in the country. Many central and state organizations have been established and several industrial estates and parks have also been set up in places like Tuem, Thivim, Corlim, Colvale, Mapusa, Sancoale, Bethora, Kakoda, Honda, etc. Goa is also on its way for the IT industry, with the Rajiv Gandhi IT Habitat coming up in Dona Paula, North Goa, which is expected to attract investments of around Rs.500 crores in coming years.
The Goa property market is experiencing a boom, thanks to the infrastructural developments, with more and more investors set to park their money here, as they are convinced to get worthwhile yields in the long run. The major makeover that Goa property market is undergoing is because various conglomerates are purchasing huge commercial spaces for developing shopping arcades and other entertainment-related projects. Besides, Goa offers some of the best properties near the famous beaches that include multi-storey apartments, duplexes, row houses and villas, which can be bought for self use or as an investment purpose. One can rent out their properties in Goa and earn handsome returns, thereby making the Goa property market a lucrative investment option.
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