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Goa is now sand, surf and real estate

SOURCE :Economic Times

Christmas is not just a time for merry making in Goa – beyond the mistletoes and jujubes, considerable real estate deals are also signed. Many Goans, back home from different parts of India and abroad often mix festivities with investments and ‘property’ has always been prime commodity in Goa.

According to Amit Chopra, Director, Escala Realty India Pvr Ltd.the current market is seeing boom in inquiries in luxury, semi-luxury and the land segment. “People from Delhi, Mumba and even Hyderabad as well as expatriate Goans from the UK, Gulf are seeking to buy in Goa,” details Chopra.

The pandemic has infused a new enthusiasm in Goa and while sales have increased, ‘interest’ to buy property in Goa has increased manifold.

Blake Rebello, owner of Rebello Realty says that Goa as a property investment destination has expanded in size. “Earlier, only North Goa served as the ideal holiday and residential destination but that has extended to the South lately,” says Rebello adding that the Goa has also graduated from being just a tourism attraction to an investment destination.

COVID-19 payed its part in the Goa dream too. People across India felt the need to stay close as a family and in surroundings that were peaceful and healthy and Goa fits that bill to the T. Erwin Mendonca, Project Manager at Dreamwoods, an offering by Santa Fe Realty Pvr Ltd, says that when COVID numbers started stabilising a bit, interest gained in Goa. Mendonca is quick to add that much of the demand for properties in Goa could also probably pent-up since the market had considerably slowed down earlier.

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