Goa turning out to be a hot property investment for NRIs in 2012!!


In recent times Goa properties have gone up. Thanks to the developers in Goa. There is defiantly a change in Goa architecture and lifestyle since Portuguese have left Goa. The complete change in the infrastructure has defiantly lure different investors to shell out their money and developing the under developed part of Goa.

Goa is tiny state but it has its own status. The major economy of Goa is from tourism, but few people want to have their own space in this hypnotic place. The strategic locations that are expected to attract more real estate projects in Goa in future is one of the underlying reasons for prominent builders and investors to take a look at Goa properties.

The residential flats in Goa are now being built with the effect of European culture in it. Today, it's a new destination for holiday such as Scarlet Holiday Homes Goa. There is a new trend emerging like holiday home in Goa. The residential flats or apartments in Goa are now being brought up and marketed as a conceptual holiday day homes for real estate developers of Goa and cities around.

A real estate developer of Goa has started giving a new style of an amalgated fragrance of Portuguese architecture with Indian windows or say Indian way of interior design. The major demand of the Goa properties comes from the major cities of India, like Delhi and Mumbai, the other middle estate countries like Dubai and Kuwait. Due to this splurge of demand for a holiday home in Goa, the property prices in Goa are going up every day.

And with the increase in price, the real estate just seems like wild mushroom growing faster in and around Goa. Ongoing trend of development has encouraged many developers to start up with their projects as many of this is a profitable venture. Property prices in Goa are going through rooftop. Some major locations including Dona Paula, an up market suburb of Panaji, to the coast of Palolem in the south and Morjem in the North, are all witnessing frenetic development activities.
Many of NRI's after their retirement want to set up their roots in Goa and see it as one of the best places to retire. For the high middle class, first it is an accommodation unit in the Capital city, then a farmhouse on the outskirts to for a weekend getaway, and finally a luxurious house in alluring Goa.

Market analysts see the rates for Goa property to go on further shooting spree in coming years. That's why people have started investing in real estate in Goa.

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