One of the world's favourite beach destinations and a Portuguese colony until 1961, Goa is regarded as the beach capital of India and has a mixed Indo-Portuguese culture that favours a joyful lifestyle. Located on the Western Ghats, it is the smallest state in India in terms of area and the fourth smallest in terms of population. With golden beaches, several places of worship, world heritage architecture, rich flora and fauna, etc, it attracts tourists of every type from across the world.
Goa is home to some of the best beaches in the country. While North Goa boasts of the majority of them like Colva, Calangute, Baga and other beautiful beaches, South Goa treasures its innate serenity in beaches like Palolem, Patnem, Arambol and others. Due to this tourism has been the major industry in Goa as thousands of national and international tourists visit these places perennially. Besides these, Goa is undergoing a rapid development phase with a host of infrastructural projects coming up thick and fast. So prolific has been the development that there is today a strong local movement to prevent further erosion of Goa's natural charms. The major beneficiary of this development has been the Goa real estate market.
Properties in Goa have been in constant demand due to its scenic landscapes and fascinating beaches. Some of the major Goa property components are apartments in Goa, villas in Goa and of course Goa resale properties. Excellent rental from tourists is another attraction. In fact, purchase of residential property in Goa register maximum beach property searches and the trend exhibits uniformity both among investors as well as among home seekers alike.
Understandably, Goa property rates have been going through the roof. Some of the most impressive locations for owning a property in Goa include Dona Paula, Panjim, Colva, Varca, Mapusa, Benaulim, Anjuna-Bardez, Nuvem, etc. Goa property prices in these area range form Rs.25000-Rs.75000 per sq. m., with expected appreciation of 20-30% over 2-3 years.
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