Goa’s serene location, quiet life and strong economic environment make it an attractive investment destination for many who are looking to make the migration to Goa in search of an optimum quality of life that this paradise offers. Since Goa is a popular tourist destination among both foreigners and Indian, people invest in vacation homes that increase its potential to generate good rentals. Many people also see Goa as a retirement home destination. With its tranquil charm and party tag, Goa is seen as a prime destination and it is these very traits which are giving shape to the booming real estate market in Goa.
Experts also see Goa as an investment destination for people looking for second home and among others NRIs have shown keen interest in the city’s real estate. In the recent years, Goa’s real estate market has seen a considerable change in the choice of residence purchase. The growing class of affluent, NRIs are increasingly investing here mainly due to the desire to stay close to nature. It has become one of the prime destinations for people from Delhi, Mumbai and Bangalore seeking second homes that offer them the much needed space to unwind and pull away from rumble of metros.