Goa

[pdarvell]

Hi All,

I have just started my investigations into investing in property in GOA? Does any one here have any experience regarding Goa, any tips or an outlook for the future?

It seems to be a market with a lot of potential but I would be interested in opinions.

Thanks
Paul

[Sunnyshores]

Hi Paul,

just seen your message. Are you still researching, what info have you found ?

I've been looking in Goa for several years and agree it is an excellent area for investment.Originally there just seemed to be beach area developments (suitable for tourism rentals), recently though there are more developments offered in the bigger towns (Panjim, mapusa), these will attract more year round rentals from workers. Then there are old Portugese houses, most in need of major renovation - I personally think a better long term bet, but obviously more difficult to arrange from afar. Also problems with land ownership etc.

My main problem is I'm having difficulties finding a development that is of a sufficiently good international standard.

Anyone else any views ?

[danyboy]

Hi All,

I would like to throw some light on the Goan property developments, now according the europeans who were the major investors in Goa, say that the property in goa has become really expensive and its not worth investing because of lack of developments according to the international standards. Now in India there is another option for investing is Kerela, for Boat houses, or Hill station Ooty or Kodai or East Coast Road in Chennai, or Mahabs or Pondicherry for french houses.

If any of you are seriously planning to invest can get in touch with me at danielusah@yahoo.com, i'll offer professional advice and services as well.

Cheers

Daniel

[vvrhousing]

Originally Posted by pdarvell

Hi All,

I have just started my investigations into investing in property in GOA? Does any one here have any experience regarding Goa, any tips or an outlook for the future?

It seems to be a market with a lot of potential but I would be interested in opinions.

Thanks
Paul

dear sir, please visit Sriya Realty International | ........your property guide in Goa to know full details of goan property investment

regards

v srinivas
goa

[sdhir]

Goa does seem to offer a lot of potenial. This past march we were there and visited various land parcels ranging in price from Rs. 100/- per sq.mt. to Rs.12,000 per sq.mt.
It all makes sense.
We ended up buying a villa (of U.S. standards) on 300 sq.mt. with ocean view that will be completed in two years. We were then followed by 10 other NRI buyers (our friends).
At this point we are putting a group together to do some serious investing in Goa as the scene in Delhi seems to have matured.

[king2163]

Real estate Goa is the ultimate for investments in Goa property because you can utilize the property for enjoying a relaxed lifestyle especially after retirement and investment now will ensure that you remain safe from the sky rocketing price increases in real estate Goa once the market starts to slacken. In fact, with the coming of many international events to India and the growing awareness of the government and people about the potential of Goa tourism, a steep increase in prices of Goa properties can come anytime soon and if you buy Goa property now, you start any kind of work of construction of any kind of real estate Goa, be it penthouses, flats and such personal residential properties or commercial establishments like guest houses, rest houses or hotels. So Goa properties are going to benefit regardless of whatever end use you, utilize them for.

[nancyarora2020]

When we hear someone talking about “Goa” the images of beaches, lush forested hills, shiny sand, swaying coconut tress, and charming faces start evolving before our eyes. Also known as India’s smallest state, Goa is a tiny land located on the west coast of India.It is a boom time for property market in Goa with more and more investors ready to park big money here as they are confident to get lucrative yields in long term. Needless to say, everyone tries to opt for the sites situated strategically, affording scenic surroundings and possessing great potential to yield high returns. And, availability of such locations representing excellent prospects for investors is no less in Goa.
Not surprisingly, land rates in Goa are all set to go through the roof. Still, buying real estate in Goa is not hard to do on a budget and can be done without breaking the bank. For that reason, real estate bigwigs could not keep them away from the allure of Goa thereby expanding their horizons here. The list includes the names of famous builders like Gera Developers, Parsvanath and DLF who are planning to develop offices cum shopping malls in Goa.Goa is going through major phases of make over with conglomerates buying large commercial spaces to develop shopping arcades featuring world class brands. Also, a number of retailers enjoying great name and fame are considering coming up with their exclusive showrooms. This is likely to add to the land value with average prices of Rs 2,500 to Rs 3,000 per sq ft. Market analysts see the rates for Goa commercial property to shoot up further in next ten years.

[kadiampro@yahoo.co.in]

Goa prices are very high..one reason is the regional plan is still not in place...Reg new builders coming to Goa, one has to be very careful, since there is a lot of local opposition to any new development in Goa. A lot of projects will not see take off...so one should be very careful before investment..The prices at present in Panaji near the sea [no sea view] will be around Rs.40,000 to 80,000 a sq mt. This is way too high a s compared to much better projects in Bangalore.. I think the prices are just waiting to crash, or at the very least a correction is around th corner.

[nikesh]

Hi,
investing into real estate is really tough.you will get lots of brokers roaming around you but before making any decision just make sure you have enough knowledge about areas,3 months ago i was in search for good place in new delhi at that time i have found window2india site here in property section you can get lots of information about property and very good tips for investment.
hope this will help you.and be aware of fraud brokers..

[Sunnyshores]

Only Indians or Non resident Indians can legally buy property in Goa.

Infact Brits who have misguidedly already brought out there are in danger of losing their houses, if not worse being lynched by locals:

Indian authorities clamp down on foreigners living in Goa - Telegraph