It's never been a better time to look for a second home in Goa as;
-Prices have stabilized
-Developers providing more benefits and amenities
-Quick Housing Loans
- Strong Rental Market
-Developments in New Areas
-Prices have stabilized
-Developers providing more benefits and amenities
-Quick Housing Loans
- Strong Rental Market
-Developments in New Areas
Many people would suggest Goa as one of the best locations for settling down. The sunny sandy beaches, all the way in the east, make it the ideal location to purchase a home away from home. You can find things in Goa you’ll find in a few other places. With sunny beaches, Portuguese influenced architecture, festivals and other such things, tourists can’t help but fall in love with this tiny state.
This tiny state is divided into two regions or districts, the North and South. The North would be more alive, fast and full of events, parties and something or the other to do. The South on the other hand, rarely has anything going on, and can be counted on for a slow, calm and relaxing vacation.
If you look at the prices of properties in Goa, you will find most of the tourists purchasing places up North, as mentioned earlier, they are more happening and alive with the fast life. Furthermore, places in the South can definitely give you the calm and isolation you want, but very few people like the slow life these days. Returns on apartments aren’t the same either. You are more likely to make better money if you invest in a place up North as compared to the other option.
The usual places to find retirement homes being put up are along the beach. Places like Calangute or Baga are booming with tourist looking for places but these are priced very high. If they aren’t in your budget, you can always find others at locations like Merces, Ribandar and so on.
You can get places in the state at amounts people outside the state wouldn’t believe. They wonder why a place so beautiful and close to the sea, while being so well priced. You can find land close to the beach for amounts of about a crore. Now a days, developers and builders are willing to sell apartments for amounts between 40 lacs to a crore. Prices vary depending on how high the demand is for that location.
Holiday homes are definitely a good investment in the state considering Goa has a booming tourism industry. Furthermore, there are always people visiting the state and in need of a place to stay for about 6 months to a year. If you aren’t vacating the place all the time, you can always find someone who can and get some returns in the meantime.
Here are a few things to remember while buying a property in Goa
· Pick the North over the South. North Goa is faster developing than the South, meaning your land will be more valuable sooner. People would also pay more money to stay in the North over the South.
· Invest in the sea view homes. You may have to pay a lot more to get one but a few years down the line, you will love the place you’re staying at and you have the opportunity to sell it for a larger amount.
· Make sure you know where the place is coming from. Read and re read the paper work, whether it is a plot or a house. Make sure the land isn’t a scam or stolen from someone. There have been a lot of land scams in the state over the years.
· If beach view is too pricy, you can settle for a river view. Goa has a lot of rivers and islands all over the place. If you find a beach too expensive, you can always settle for a river view or some corner of a lonely island.
· Make sure you aren’t violating any of the Goanrules.
· The state has certain rules about building on particular land over others. Furthermore, there is a rule about constructing within 500 meters from the line of high tide, make sure the house you like isn’t breaking any of them.
Here are a few more technical rules to remember:
· If you are developing land and putting up your own space, make sure it is at least 500 meters away from the high tide line.
· If you have the right permission from the Ministry of Environment and Forests, you can build between 200 to 500 mts after the high tide line.
· If a building was already authorize and constructed, you can only build or renovate it up after you get the permission of the CRZ-III and NDZ.
This tiny state is divided into two regions or districts, the North and South. The North would be more alive, fast and full of events, parties and something or the other to do. The South on the other hand, rarely has anything going on, and can be counted on for a slow, calm and relaxing vacation.
If you look at the prices of properties in Goa, you will find most of the tourists purchasing places up North, as mentioned earlier, they are more happening and alive with the fast life. Furthermore, places in the South can definitely give you the calm and isolation you want, but very few people like the slow life these days. Returns on apartments aren’t the same either. You are more likely to make better money if you invest in a place up North as compared to the other option.
The usual places to find retirement homes being put up are along the beach. Places like Calangute or Baga are booming with tourist looking for places but these are priced very high. If they aren’t in your budget, you can always find others at locations like Merces, Ribandar and so on.
You can get places in the state at amounts people outside the state wouldn’t believe. They wonder why a place so beautiful and close to the sea, while being so well priced. You can find land close to the beach for amounts of about a crore. Now a days, developers and builders are willing to sell apartments for amounts between 40 lacs to a crore. Prices vary depending on how high the demand is for that location.
Holiday homes are definitely a good investment in the state considering Goa has a booming tourism industry. Furthermore, there are always people visiting the state and in need of a place to stay for about 6 months to a year. If you aren’t vacating the place all the time, you can always find someone who can and get some returns in the meantime.
Here are a few things to remember while buying a property in Goa
· Pick the North over the South. North Goa is faster developing than the South, meaning your land will be more valuable sooner. People would also pay more money to stay in the North over the South.
· Invest in the sea view homes. You may have to pay a lot more to get one but a few years down the line, you will love the place you’re staying at and you have the opportunity to sell it for a larger amount.
· Make sure you know where the place is coming from. Read and re read the paper work, whether it is a plot or a house. Make sure the land isn’t a scam or stolen from someone. There have been a lot of land scams in the state over the years.
· If beach view is too pricy, you can settle for a river view. Goa has a lot of rivers and islands all over the place. If you find a beach too expensive, you can always settle for a river view or some corner of a lonely island.
· Make sure you aren’t violating any of the Goanrules.
· The state has certain rules about building on particular land over others. Furthermore, there is a rule about constructing within 500 meters from the line of high tide, make sure the house you like isn’t breaking any of them.
Here are a few more technical rules to remember:
· If you are developing land and putting up your own space, make sure it is at least 500 meters away from the high tide line.
· If you have the right permission from the Ministry of Environment and Forests, you can build between 200 to 500 mts after the high tide line.
· If a building was already authorize and constructed, you can only build or renovate it up after you get the permission of the CRZ-III and NDZ.