Why is Goa considered an ideal place for real estate investment?

Goa: a paradise on earth

Goa is one of the most beautiful corners of India and one of the most sought-after resorts on Earth. This exotic destination attracts more and more European tourists and investors from Russia every year.

While Europe is entering the cold season, Goa is starting its warm period. The peak tourist activity here is observed from October to April, and in June and July, the monsoon season begins in India.

Choosing real estate in Goa

Currently, the real estate market in Goa offers a wide variety of options. Against the backdrop of picturesque beaches, you can find not only luxurious villas but also traditional Portuguese houses in cozy villages, as well as small family cottages.

Over the past two years, the cost of housing has significantly increased as new vacation homes become increasingly popular among wealthy residents of Mumbai. Property prices range from tens of thousands to several hundred thousand dollars.

Beaches and architecture of Goa

One of the main factors attracting travelers to Goa is its amazing beaches, stretching from north to south. Although some of them can be quite crowded, there are still secluded spots where you can enjoy the sight of sacred cows casually wandering along the shore on the pristine white sands.

Over time, you can get used to it. Moreover, the architecture of Goa, reflecting its Portuguese colonial heritage, also attracts the attention of visitors.

Culinary delights and quality of life

One must not forget about the local cuisine: the cafes and restaurants along the beach serve delicious seafood that attracts food lovers from all over the world. The cost of living in Goa is significantly lower than in Russia and several European countries, which adds to the appeal of this paradise corner.

Moreover, compared to other regions of India, the crime rate here is quite low, and literacy among the local population is at a high level.

• Low crime rate
• High level of literacy among the population
• Friendly locals

Real estate purchase: nuances and complexities

Nevertheless, when making a decision to purchase a home in this amazing place, it is important to keep in mind the existing social issues in other parts of India, where the level of poverty is high.

The process of buying real estate in Goa turns out to be quite complicated and requires a more careful approach than it may seem at first glance. Indian authorities have significantly complicated the procedure for foreign citizens to purchase housing.

• You need to stay in the country for at least 182 days.
• The standard tourist visa is valid for only 181 days.
• The possibility of purchasing real estate through a registered company

The company should not only exist on paper but also be profitable, fulfilling its financial obligations. Therefore, those who dream of becoming owners of a plot in this picturesque region need to consider all the nuances of local legislation and market realities.

Acquisition of real estate in India

Acquiring real estate in India is becoming an attractive option for those looking to invest in housing in this picturesque country. However, this process requires significant caution and trust in the chosen partner. To minimize risks, it is important to work only with verified and qualified lawyers.

Changes in Goa

According to renowned expert Silvia Bangira, some regions of Goa have undergone significant changes, and excessive development of coastal areas has negatively impacted their natural beauty. Nevertheless, Goa still remains a magnificent place to live and relax.

Transportation and accessibility

Tourists can easily reach this resort destination with direct flights from Moscow to Dabolim Airport, which is located near popular beaches. It is always advisable to exercise caution and stay vigilant, especially in such tourist areas.

Kalagunt is a popular resort.

Near the capital, Panaji, lies the popular resort of Calangute, which attracts a large number of European tourists every summer. Unlike in earlier times, when vacationers could rent simple cottages, today there are modern hotel complexes that meet high standards.

Kalagunta Beach

Kalahunta Beach, stretching 7 kilometers in a crescent shape, easily accommodates a large number of vacationers during the summer season. However, for many, this place may seem overly crowded and noisy. Silvia Bangira mentions issues with waste disposal and sewage, which adds to the inconveniences.

Growth of tourism from Europe

Roy Freeman, a representative of the British real estateagency The Goan Property Agency, notes the growing interest from wealthy tourists in Europe, particularly families with children. Typically, Europeans prefer to spend their summer vacations in the Mediterranean, while in the winter months, they choose Goa.

Difficulties in purchasing real estate

“The process of buying real estate often turns out to be quite complicated,” shares Roy Freeman, “much depends on individual circumstances. This is particularly related to the political instability in the region. Even if the deal is successfully completed, it is extremely important to consult an independent lawyer before signing any documents.”

Warnings for Buyers

David Savage, who represents the real estateagency Goa Property Sales in Calangute, strongly advises buyers not to place too much trust in companies that promise high returns. For example, one construction company claims that investors who join the project in its early stages will be able to achieve returns of around 150% by the end of the construction, which is scheduled for three years from now.

Real estate in Aldeia de Goa

At the moment, the company "Place in the World" is actively engaged in real estate sales in the prestigious gated community of Aldeia de Goa. This complex has become one of the most attractive for buyers in Goa, where both plots of land and luxurious villas and apartments can be purchased. An atmosphere of complete security is being created here, worthy of the best residences in Cyprus and Florida.

Developer Acron

Acron, a company operating since 1988, is one of the leading developers in Goa. It focuses on building high-end apartments, villas, and townhouses that meet strict quality standards and are secured with round-the-clock security in popular areas of North Goa. According to the company's price list, the prices for apartments in Acron's properties range from41,000to110,000euros, which makes them quite affordable for a wide range of buyers.

Villa Eva Complex

The Villa Eva complex is located near the town of Siolim in the heart of North Goa and offers a unique opportunity to purchase one-bedroom apartments at a price of approximately45,000Euro. This residential complex is surrounded by beautiful forests and is equipped with:

• with two swimming pools;
• gym;
• tennis court.

The nearest beaches, such as Morjim and Baga, are just a fifteen-minute drive from the complex.

International Horizons and the Peace Valley complex

International Horizons offers a variety of real estate options in twelve residential complexes located in Goa. One of them is Peace Valley in the Cuipem province, which consists of23 villasand174 apartmentsThis complex is primarily aimed at foreign clients and non-residents of India. Here, you can either choose a ready-made apartment or build a house according to a custom design. Villas start at a price of33,000euros, and land plots can be purchased with15,000Euros.

In addition to round-the-clock security, Peace Valley offers residents:

• well-maintained landscaped areas;
• 9-hole golf course;
• luxurious pools;
• equestrian club.

Commercial spaces and real estate rental services are also provided.

The story of Christopher Fog.

Christopher Fogg from the UK and his wife have traveled to many countries in search of the perfect home for both buying and renting. In the end, they chose Goa and moved here in2003In their opinion, this place is perfect for middle-aged people and the young at heart, as life here is significantly calmer than in Spain or England.

Choice of Villa Jasmine

The family has chosen the Villa Jasmine complex, located within the well-maintained Horizon Beach Resort in Velsao, a secluded corner of South Goa. Christopher Fogg notes that here you can own property while enjoying all the hotel amenities. Villa Jasmine is equipped with a pool and has a terrace with stunning sunset views. By renting out their apartment, owners can earn from300to750euros per week, which makes this offer particularly attractive to investors.

Conclusion

In concluding and summarizing the discussion about the amazing and multifaceted region of Goa, I cannot help but note that this place truly deserves the attention not only of tourists seeking a paradise retreat on earth but also of investors looking to make successful real estate investments. Every year, Goa attracts more and more people due to its rich culture, picturesque beaches, and unique architecture that bears the marks of its Portuguese colonial past.

Difficulties in the purchasing process

Despite all the advantages, it is important to remember aboutdifficultiesRegarding the purchase of real estate for foreigners, I strongly recommend approaching this process with due caution and definitely consulting with professionals in the fields of real estate and law. Having reliable specialists will help avoid many pitfalls. It is important to remember that behind the lush vegetation and sunshine, there are not only beautiful landscapes but also certain difficulties that may arise during the process of acquiring property.

The appeal of life in Goa

Despite this, life in Goa seems incredibly appealing, especially consideringlow cost of livingand diverse cuisine. The pleasant and friendly locals create a cozy atmosphere, making this region truly unique. Awakening from slumber is often associated with Goa, where the cold European winter sun gives way to the warmth of the Indian summer. I believe that despite all the challenges, difficulties can be overcome, and this place can become an ideal home for those who are ready to embrace its vibrant character.

Result

Ultimately, Goa is not just a spot on the map, but a whole universe of possibilities where everyone can find something for themselves. I believe that if you approach the process with care and make a thoughtful choice, purchasing property here will not only be a successful investment step but also the beginning of a new, vibrant chapter in your life.