INVESTING IN A HOME DURING COVID-19 – A COMPLETE BUYER’S MARKET
July 29, 2020
The ever-growing population and the rapid, unplanned urbanisation of Indian cities have pushed buyers and investors to reconsider their options with homes which are away from the humdrum of the city, surrounded by nature and also offer high returns.
This has led to Goa becoming one of India’s most sought after destinations for owning a second home, by Indians as well as foreigners. It’s beautiful beaches, relaxed and laidback lifestyle, lush greenery, booming tourism industry and a diverse and friendly population are driving forces in attracting investment to its real estate industry.
Emerging start-up culture
Apart from its thriving tourism sector which contributes largely to its robust economy and provides employment to a large population, Goa also hosts several prestigious educational institutions. Moreover, with the launch of the ‘Goa Start-up Policy’, there have been multiple start-ups that have chosen to set up their office in Goa. This initiative by the government aims to make Goa one of the most preferred start-up destinations of India and make it feature in the top 25 start-up destinations in Asia by 2025.
A major attraction for NRIs
Other than the real estate market in Bengaluru, Pune and Mumbai, there has been an upward trend of NRIs investing in properties in Goa as well. There are a couple of key reasons why Goa is such a lucrative investment destination among NRIs. Considering its thriving tourism industry, NRIs feel that an investment here is bound to bring in great returns and secondly, purchasing a home in Goa makes for a wonderful private holiday retreat for their family when they visit India. NRIs who invest in real estate in Goa initially expect an average return of 7% – 8% annually, while the actual return on investment is as high as 18% – 22% according to a study conducted by Proptiger.
Shifting trends in tourism
Every year, Goa witnesses millions of tourists not only from India but from across the world and during the peak season, there is always a shortage of hotels to accommodate the tourists. Furthermore, there has also been a sharp change in the way people vacation with the emergence of Airbnb and an increasing number of tourists preferring the experience of independent rental homes or homestays instead of hotels. For those looking to invest in a holiday home in Goa, this shifting trend provides them with a great opportunity to turn their holiday home into an additional source of income when they are not living in it.
Presenting Salarpuria Sattva Water’s Edge
Now, if you are looking to invest in a ready to move-in home in Goa, then Salarpuria Sattva Water’s Edge, located at Sancoale Goa is the ideal pick for you. This luxurious residential project hosts an array of premium 2 and 3 BHK apartments that are spread across a vast expanse of over 4.7 acres of land. The highlight of this luxury project is its fantastic location! Standing tall on top of a hill, where the sea is your neighbour, Salarpuria Sattva Water’s Edge delivers an exquisite residential experience that is above the ordinary.
Situated only 10 minutes away from the Goa International Airport, these ready to move in, sea-facing apartments come with a multi-purpose clubhouse that features world-class amenities that include an amphitheatre, indoor sports facilities, sauna and fully-decked gymnasium which give it an ambience befitting a luxury resort. Moreover, with estate management services, high security and green measures provided by the residential management, these dream abodes will offer you an unmatched international lifestyle – perfect for NRIs to live in.
Regardless of whether you decide to rent it out or move in, these luxurious and coveted homes in South Goa will guarantee you great returns from day one, either financially or in terms of residential bliss.
Built on the bedrock of trust, innovation and knowledge-leadership, the Salarpuria Sattva group is one of India’s leading Property Development, Management and Consulting organizations. Founded in 1986, the Group has set its footprints across India and is one of the most preferred brands in the country today.