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Why buy Property in Goa

Updated on April 20, 2016

Plenty of reasons why folks have been purchasing property in Goa. Many choose to purchase a second home here as an investment or even as a holiday home. Over the years real estate developers have created spaces that have attracted many with modern amenities and features. This trend for purchasing has been increasing and here is the reasons.

Space: Goa has a lot of land that hasn’t been developed yet. Furthermore, there are massive projects coming up all over the state so people always have something they can get their hands on. The amenities provided by real estate developers are very attractive such as designer kitchens, furniture, clubhouses and more

Price: Compared to other states all over the country, Goa isn’t expensive at all and there are a lot of places where you would have to pay more than double to get accommodation half as good.

Variety: It’s not like Goa has only apartments coming up, there are other projects, like villas, bungalows, cottages and a bunch of others. Furthermore, you don’t have to worry about running out of options to choose from.

Capital Value Appreciation: Watching the way the state has come up in recent years, anyone can easily say that Goa is just getting bigger and bigger. People are investing large amounts of money in developing the area and in a few years, the returns you receive will be higher than the investment put in.

Low population density: Goa isn’t as overcrowded as Bombay or Delhi. In terms of statistics Goa has the forth lowest population and this is why everyone is rushing to the state. The statistics may show low numbers since the size of the state isn’t that great to begin with.

High rental returns: If you don’t intend to stay in the accommodation you purchased, you can always rent it out to make a few extra bucks. Most people get a place in Goa and treat it as a second home, you can do the same and find a trusting tenant to rent your place to for the rest of the year.

Luxury: Goa is a luxurious state and you can always find accommodation to match that. If you aren’t looking for a serviced apartment in the state, you can always get a villa or a luxury villa for a larger amount. If you are on a holiday, you can spend it by the beach in a beach cottage.

Urban Amenities: Goa is pretty well developed, at least one can say, better than many other states in India. Further, the real estate business has been in the state for some time now and builders managed to get an idea on the type of places people are looking for. They now even have them equipped with everything that someone could require.

Employment Opportunities: Goa seems to be booming and a lot of new occupations are coming up in the state. You will notice that the IT sector in the state is developing as well. There are a lot of job opportunities here and people from other states are coming over to buy their own place and work here as well.

Better Lifestyle: Anyone visiting the state can tell you that the life style here is like nothing you will find in other states of India. Everything here is calm and people adjust well, in many other states you may find everything in a hurry but that isn’t Goa. Everything here is on a much lower pace.

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