Goa
The real estate market in Goa is on the rise and you can take advantage of it by investing in properties in this picturesque coastal state. If you are interested in buying property in Goa but are unsure of where to invest, read this article first. This article will provide you with important tips for buying property in Goa. You can also consider purchasing a flat in Goa, which is much cheaper to maintain than a property. Moreover, you can rent out your flat to generate income.
First, you can purchase property in Goa if you are a person of Indian origin (PIO). A PIO can buy a residential or commercial property in this state. The main requirement for purchasing property in Goa is that you should have a valid PIO or OCI card. The latter is an important document that will prove your citizenship.
The cost of property in Goa varies from one property to another. The location, age, and quality of construction determine the price. A beachfront property will have higher property prices than a villa in an interior part of the state. Generally, property in Goa is between INR 3800 and 5000 per square foot. A house in Delhi, for example, would cost between INR 9,500 and 12,000 per square foot.
Buying property in Goa is a good investment option because the value of land in Goa is on the rise. Some areas, such as Dabolim, have seen a 30% rise in the last five years. You can resell your property later for a profit. Renting your property is a lucrative option, especially during tourist season when foreigners rent for long periods. Budget properties and hotels are full, and villas are fully booked months ahead of time.
Apart from the great location, Goa is an ideal place to buy a property. There is a good demand for property in Goa, and prices are not much higher than in other cities. This is because of the quality of Goa real estate. The location also offers convenient commuting options. You can buy, sell, or rent a property in Goa. If you own a property in Goa, you can make good money by renting it out.
Buying property in Goa is a good investment if you want to enjoy the sun and the pristine beauty of the region. Goa property is cheaper than in most metropolitan cities in India, especially in the south. It is also bigger in prime locations. And, unlike in other cities, it isn't expensive compared to its value. You can invest in a villa in Goa to enjoy your life in this idyllic state.
