Goa’s new airport will be a major milestone to drive the growth in real estate development in the region, more importantly on the premium segment. It will benefit North Goa hinterland as well as nearby Konkan region and will significantly improve the connectivity and boost Goa’s tourism sector.
North Goa’s Mopa, Siolim and Moira are on the verge of becoming a thriving ground for theme-based real estate and tourism projects like plotted developments, farmhouse communities, gated villas, holiday/second homes, and retirement homes. The natural and cultural beauty of the region augmented by upcoming swanky infra projects are repackaging the financial potential of Goa’s offbeat coastal towns and investors are taking note. Along with tourists looking to get away from the busy bustle of city life, the beach town is fast gaining popularity for its potential as a yet-to-be-fully-explored real estate paragon.
Luxury property buyers invariably look at infrastructure development, connectivity, and availability of educational and health infrastructure as key elements. Often these factors along with location determine the pricing of a piece of property as well. Areas having decent infrastructure and better connectivity generally emerge as preferred locations and command premium pricing.
Goa has always been a haven for second homes, villas and farmhouses and this new transport connectivity with the globe will add to the trend and create a windfall in real estate investments. Demand for luxury homes, row houses and premium apartments are most likely to soar in the coming months as NRIs and well-off Indians take a special pride in owning a piece of property in the beach paradise. The buzz about the new airport will inflate both real estate and rental prices in and around North Goa. Though property prices have already surged since the construction of the airport, a fresh spike is expected once the airport becomes fully operational, something that will augur well for real estate investors keen to buy property there
Goa is an iconic beach tourist hub, well known throughout the globe. With the advent of airport operations, the region will be seamlessly linked, not just with major Indian cities but throughout the world. While its beautiful beaches will continue to attract tourists in large volumes, other alternate forms of tourism such as wellness and nature tourism will also thrive in and around the MOPA airport region.
North Goa region is also known for its lush green backyards, pristine forests, orchards & farms, natural springs, and much more. There are plenty of beautiful places for nature lovers and this will give rise to nature resorts, eco-tourism hotels, tree cottages, forest lodges, and much more. Likewise, exponential growth is expected in other categories such as Ayurveda massage centers & spa, wellness packages, holistic health tours, yoga retreats, etc. Besides, end-use investors are expected to come in hordes to the prolific North Goa and the Sindhudurg region. Higher capital gains and attractive rental yields in the future, will drive investors.
