Goa is one of the most popular tourist spots in the country. The golden beaches, relaxed lifestyle, fun ambiance, and carefree vibe are experiences no visitor will forget. Many visitors like the location so much that they want to invest in a property in Goa to visit regularly or stay there for good or even as an investment. Goa offers many choices of properties to invest in depending on many factors.
Here are some facts that need consideration before one can decide to invest in Goa.
Location
There are different vibes and specialties within the many locations of Goa that one can consider. There are locations that offer a cosmopolitan and busy vibe with many pubs, restaurants, and cafes for an active social life. There are regions in Goa that are tranquil and serene, away from the hustle and bustle of the urban areas. Projects that have flats for sale in Kadambu offer a quiet and relaxed life amidst lush greenery.
Property Type
Goa offers a range of property types to suit the buyer’s needs. Flats, villas, beach houses, apartments, and bungalows are some of the options to choose from. Each type of property comes with its own advantages and disadvantages.
Budget
Knowing your budget is one of the first steps in buying a property. It’s only then can the properties be shortlisted from various options available. The properties in North Goa are considered premium as it is a tourist hotspot whereas those in South and Central Goa in quieter semi-urban locations have budget properties. A 1 BHK flat for sale in North Goa may cost INR 30 lacs to 1.5 crore and a 2 BHK flat for sale in North Goa can cost between INR 50L to INR 2 crore. The buying process also involves other costs which are significant. Registration fees, stamp duty, legal expenses, and maintenance charges should be factored in during budgeting. The property should be evaluated for its long-term returns considering all factors involved.
Infrastructure and Facilities
The social infrastructure and facilities should be evaluated by visiting the location. The locality should be well-connected to educational institutes, markets, hospitals, and recreational places. The location should be well connected to other areas by road or rail with good frequency of public transport.
Legal and Regulatory Compliance
The property should have clear titles. It should have all the required permits and clearances from the relevant authorities. A legal expert can be hired to help through the process to make sure that there are no inconsistencies in the paperwork.
Investing in Goa is a good option and like for any location the necessary research and due diligence should be carried out before signing the papers.