Goa real estate market will swing in the coming days as the New Year is approaching. This is the festival time in the state and many real estate transactions take place during this period.

Goa will be flooded with tourists from various parts of the world to celebrate Christmas and New Year and this will influence real estate market and property values. Property consultant Mr. John Reji from Goa property said that most of the tourists want to stay for longer period of time and visit the place again and again so they prefer to buy an apartment or villa in Goa.

Another brokers from Goa added that living in hotels and guest houses is quite expensive and there is always a problem of space. While owning an apartment is a good source of investment as it solves the problem of staying and there is no restriction. Secondly it is a source of income as apartment can be given on rent when vacant to earn money.

Number of real estate developers and realtors are investing into Goa real estate market as it is quite promising to yield high returns. Lot of activity can be seen in North Goa catering to the residential segment of the society. Dona Paula is the most posh locality in Goa and has the highest plot capital values of Rs. 32,000-35,000 per sq. yard and the apartment capital value of Rs. 5,500 – 7,500 per sq.ft. Panjim capital city of Goa is the second classy locality with residential capital values of Rs 20,000-25,000 per sq. yard and the apartment capital value of Rs. 3,000 – 5,000 per sq.ft. New upcoming residential projects offers modern apartment to Portuguese villas which attracts most of the foreign investors. Apartment capital value in Goa ranges from Rs. 1,800 to 7,000 per sq. ft. Stamp duty and property taxes in Goa are lower as compared to other states, making the investment easier on the pocket and attractive.

Residential real estate at the international tourist paradise of Goa is something every investor would love to park his monies with. After all, who does not want to have a beautiful sea-facing cottage surrounded with breathtaking natural beauty!

Anyways, before we talk about the property markets of Goa, we must understand its geography and demographics. Goa, which was earlier a Portugese colony, is divided into two districts—North Goa and South Goa. The capital city of Goa Panaji, is the administrative capital of the state and is also the headquarters of the North Goa. At the other end, Margao is the prime commercial centre of the state at South Goa, and is the headquarter of the district
As far as property markets of Goa are concerned, the northern side is witnessed as more active than the southern one. Primarily, it is the infrastructure development that proves to be advantage for North Goa, while the regulated development in South Goa is complemented by its flourishing hospitality industry, hosting a number of 4/5 star deluxe hotels and resorts.

A large number of prime developers like DLF and Parsvnath Builders have taken up large investment projects in the state to cater to such buyers. Most of the Goa real estate builders offer residential segments in the form of beach-front luxury apartments, Portuguese style villas and sea-facing bungalows.

There are however some threats for real estate development in the state. Recently, concerns have been raised about environment protection amidst the massive development that is taking place. Several Goans also feel that the essence and identity of the state is being taken over by the ongoing commercialisation and inflow of outsiders into the state. Because of Goa's small size, land disputes are also aplenty as most of the land is being acquired from local communities.