Goa (capital Panaji, Vasco da Gama is the largest city) is the smallest state in India situated on the costal belt of Arabian Sea towards the south west region of India also known as Konkan region. Significance of Goa is it is well connected to two major states in India i.e., Maharashtra to the north and Karnataka to the east and south. Visited by large numbers of international and domestic tourists each year Goa is considered as one of the top hotspot tourist destination in India and internationally for its beautiful beaches, rich flora and fauna and world heritage architectures. Goa is also ranked among the top five industrial destinations in India, having highest literacy and per capita incomes. Many industrial estates and parks have been set up in places like Corlim, Colvale, Mapusa, Tuem, Sancole, Thivim etc. Set up of IT industry coming up in Dona Paula, North Goa. Whereby, making Goa soon one of Infrastructural developed states in the country.With infrastructure in its place Goa, today is considered as one of the top location for real estate development. Having the right infrastructure in place and well connected by road, air and sea both domestic and internationally. Goa property market is building up and the future of real estate in Goa looks promising. Top Indian builders and developers are coming up with state of the art exclusive and attractive residential and commercial projects in the emerging real estate market of Goa. Reputed builders like K Raheja Corp, Sumer Builders, Gera Developments, DSK builders to name a few have already come up with real estate projects in Goa.Some of the projects offered by real estate builders offer beach front apartments, sea facing luxurious villas / bungalows, Bungalow plots/Land and row houseas the demand for such properties is more in Goa. The reason for such real estate projects to come in Goa is because the state is famous among the foreign tourists and NRI’s who seek for a property as an investment which is a potential market, as seen by the real estate developers. New real estate projects are coming up in Porvorim, Candolim, Caranzalem, Taleigao, Siolim, Ponda, Margoa, Old Goa, Ribander, Dabolim, Dona Paula, Panaji, Colva, Sancoale, Navelim, Pilerne, Arpora, Velsao Pale, Canacona, Assagoa, Saipem, Vagator, Miramar, Chapora, Socorro etc.Some residential projects in Goa are state of the art 5 star properties of Bungalows, Villas and Apartments,with ultra modern facilities catering upper class and NRI’s. Commercial projects are also doing good with projects offering office space, showrooms, retail space, shops etc. There is a huge demand for properties on lease, rent and sale in Goa. Some of the top real estate locations for owing a property in Goa include Panjim, Dona Paula, Varca, Colva, Mapusa, Benaulim, Anjuna-Bardez, Nuvem, etc. The property rates are expected to rise in coming years as the demand for properties in Goa are expected to rise making it one of the safe investments for real estate investors.
