Goa has long been a coveted destination for homebuyers, attracting those looking for second homes, vacation retreats, and luxury investments. While opulent villas priced above Rs 5 crore continue to dominate premium locations like Assagao, Anjuna, and Morjim, the state’s real estate market is evolving to accommodate a wider range of buyers.
Prospective homeowners can now explore diverse options, from compact apartments in the Rs 1 crore to Rs 2 cr range to more expansive properties between Rs 2 cr and Rs 5 cr in prime areas. As demand surges across segments, Goa remains a dynamic and promising market for investors and end-users alike.
Anupam Rastogi, Co-Founder & Chief Business Officer, Square Yards, says that Goa has long been synonymous with holiday homes and second homes, particularly luxury villas which generally trend upwards of Rs 5 crore. Northern tourist hotspots such as Assagao, Anjuna, Morgin and Siolim have become highly desirable investment destinations, drawing buyers seeking premium villas with upscale amenities like private pools, landscaped gardens, and state-of-the-art facilities.
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However, “Goa’s property market also caters to a wider audience with diverse property options beyond the luxury segment. Apartments in an average range of Rs 1-2 crore, usually part of townships or gated communities, are commonly located in central and southern areas such as Dabolim, Vasco Da Gama, Dona Paula, Margao, and Salcete, amongst others, which see strong demand from end-users,” adds Rastogi.
While property prices tend to be higher in the northern regions and relatively lower in the south, they ultimately vary based on the project’s features and offerings. With a range of national and local developers introducing projects across various budget segments, Goa’s real estate market is steadily evolving, creating opportunities for a wider spectrum of buyers.
The entire Goa region, in fact, is transforming into a bustling property market. Indians from all over country are vying to own properties such as second homes, vacation villas, retirement homes, and luxury cottages in Goa. Prominent markets such as Mandrem, Vagator, Morjim, and Panaji have seen tremendous growth in demand. However, this has also skyrocketed property prices.
Ankit Kansal, MD, Axon Developers, informs, “Average prices in the region are in the range of Rs 15,000 – Rs 23,000 PSF.
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