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An Overview of the Goa Real Estate Market

Goa, the Beach Capital of India, is one of the most visited states in terms of tourism. Located in the Konkan Region of the Western Ghats, it is the smallest state in India. People flock this state for the exquisite beaches and the amazing lifestyle that Goa offers. The serene beaches, quaint places of worship, fascinating world heritage sites, and an amazing lifestyle are some of the reasons why people are attracted to this state. Not just that, a large number of people are now moving to Goa to fulfill their dream of living in the calm environs of a sea-facing house with a beach in front.


Infrastructure & Connectivity
Goa boasts of a number of infrastructural marvels, whether we see the Portuguese Churches or the modern buildings, Goa is the perfect amalgamation of rich cultural heritage and the modern lifestyle. The educational institutes, medical & health facilities, shopping centers and markets are all in plenty here to fulfill all the needs of its growing population. If we talk about connectivity, Goa is perfectly located in the Southwestern part of India with a number of major highways and roads passing through it. Apart from NH-66, NH-4A, NH-366, and NH-566, the state is well connected with the railway, airway and the waterway network with many railway stations, a number of sea ports and Goa International Airport.


Goa is the fourth smallest state in India in terms of population. According to the 2011 Indian Census reports, the population of Goa was estimated to be 14,58,545. The population of this smallest state has increased in the past years and reached 2.89 million in the year 2016. The sex ratio of Goa, as per the Indian Census 2011, was 973 females for every 1000 males. The average literacy rate of Goa is 87% with as many as 90% of the males and 84% of the females being literate. The population density of the state is 394 persons per square kilometer.


Life Style
The people of Goa are known for their vivacious lifestyle. The state is famous for its beaches, Churches and its amazing nightlife. People of this state love spending their time lazing around on the beach and enjoying life to the fullest. Owing to the flourishing tourism industry, Goa has welcomed within its precincts a number of resorts, hotels, pubs, lounges and much more to keep the tourists entertained while promising a relaxing stay. The people of Goa, known as Goans, are very warm and welcome all the people visiting there like their own guests.


Key Localities in Goa
The real estate in Goa has seen a tremendous development over the past few decades. Many new localities have been developed in Goa and the old ones have been given a facelift to give a new look to the Goa Real Estate. There are a number of top localities in Goa that are attracting the property buyers like ants to jaggery. Here are the key localities in Goa: Margao, Panjim, Majorda, Candolim, Ponda,  Morjim, Vasco and others.


Real Estate Market
The real estate in Goa has developed drastically over the past few decades and the builders and developers have a strong role to play in this. They come up with new residential and commercial projects from time to time to keep the state’s development in sync with the world. Hoardings and billboards advertising “Property for Sale in Goa” and “Property for Rent in Goa” can be seen at every nook and corner of the state. The top builders in Goa who have been instrumental in uplifting the face of Goa’s real estate are:  TATA Housing, Mangalam Group, Marvel Realtors, Alcon Constructions Pvt. Ltd., Commonwealth Developers Pvt. Ltd., Gera Developers, DLF, Kurtarkar Real Estate, Umiya Group, Models Construction and more.


Projects in Goa
One can find all types of commercial as well as residential projects in Goa. There are umpteen kinds of residential property in Goa; from 100 years old Villas to beach view apartments and flats. The property in Goa perfectly suits the budget of all the categories, one can invest in luxury projects as well as budget-friendly as per their pocket. Even in the commercial sphere, there are a plethora of choices available for all types of businesses in the prime locations.


Govt Projects in Goa
The Goa government has a key role to play in making Goa one of the most desired places to like in India. They launch new schemes and investment projects to provide affordable housing facility to all. Soon, applicants would be invited to register themselves in the Pradhan Mantri Awas Yojana to provide affordable housing to the urban poor in Goa. Hi! Searching for Property? Let's Chat