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Goa - Future Outlook

Given that the property prices in Goa have almost doubled in the last year, the land rates in Goa has excellent value. The real estate market is sure to thrive on expected boom in the hospitality business in India as it is going to retain its positioning in Asia as one of the greatest enchanting tourist destinations.

The charm it holds for foreign tourists is set to attract an investment of about Rs. 200-230 crore over the next five years, an addition of 15,000 rooms over this period and 25 odd mid-segment hotels by the end of 2007. Those interested in investment opportunities in Goa can look forward to whopping benefits that will derive from this trend.

Goa has the distinction of having the lowest crime rate and highest per capita income ratio. It is well connected to the rest of India. Majority of the airlines operate flights between Goa and major foreign cities. It has a widespread telecom network.

Banking on Goa's future outlook for the next few years, Goa real estate certainly offers high levels of capital growth.

  • The Konkan Railway between Goa and Panvel is expected to give a boost to tourism while the Sky Bus will improve internal transportation.
  • Software technology Parks, Growth Centres and Film City are being planned in projects in the pipeline.
  • Siolim is benefiting from the growing western investment and has been seeing a huge rise in the capital costs invested as the area shows signs of continual development
  • NRIs and foreign investors mainly from the UK and Europe are scouting for luxury homes in Goa. Besides, the interest in land among big names in the hospitality industry has been pushing up rates.
  • Well known realtor Keegan Real Estate Developers & Builders, a leading home builder strongly finds its calling in providing quality homes that also partake of the Portuguese architecture amidst nature's scenic beauty of Goa.

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