Understanding North Goa Real Estate Dos and Don'ts

Understanding North Goa Real Estate: Dos and Don’ts

Goa offers many choices for tourists as well as those looking to settle down or invest in property. The choices in experiences vary from the hustle and bustle of city life to that of a tranquil and relaxed environment in smaller rural areas. One can say that North Goa is a good mix of both fit for those looking to have a relaxed life and enjoy the slow pace with easy access to golden beaches. Although it is a paradise for tourists and sees a large influx of visitors from India and abroad, it is also an ideal combination of luxury, peace, and a growing real estate market. Investing in residential projects in North Goa is a profitable proposition.

Why invest in North Goa?

North Goa is popular among tourists and travellers because of its natural scenic beauty and relaxed atmosphere. The constant influx of tourists throughout the year assures a stable rental house market promising good returns on investment in the residential projects in North Goa. It is also well-connected to major airports, railway stations, and highways making it easily accessible. There are many options for restaurants, cafes, and pubs making it an attractive destination for visitors who can socialize when required.

Kadamba Plateau is a satellite town in North Goa that is beautiful and serene surrounded by lush green forests, rolling hills, and stunning views. The town has easy access to city life as it is close to Panaji and Old Goa, yet it is away from the noise and pollution of big cities. The infrastructure at Kadamba plateau is well developed as it has easy access to Old Goa by public transport. It has excellent social infrastructure with the best healthcare systems and educational institutes for its residents. The region offers a range of housing options spanning affordable to luxury flats in the Kadamba Plateau.

If you have decided to invest in North Goa, here are some DOs and Don’ts you must be aware of:

Dos

1.Collect information about different locations within North Goa. The pricing, accessibility, connectivity, facilities, amenities, etc are important factors that should be considered while short-listing properties.

2. Always check on the credibility of the developer and the project before making the purchase. A simple Google search and inquiry in the local markets can give enough information to know their reputation.

3. Get all the information about the property while making the initial inquiries. The carpet and built-up area, amenities of the project, and facilities in the neighborhood should be clear and known.

4. Get all the paperwork verified with a known lawyer before the registration formalities. Get information on all charges like maintenance and other charges.
5. During site visits, check if everything is in order. Make sure there are no damages and defects in the physical property.

Don’ts

1. Do not trust the brochures and marketing materials blindly. Verify all the claims made by the developer.

2. Do not trust the agent or broker easily. It is important to verify their credibility especially if you are not from Goa.

3. DO not blindly agree to all the terms and conditions laid out by the developers. Make sure there are no loopholes and that you do not get cheated or end up in a loss.

Although investing in lucrative property like flats in Kadamba Plateau may seem like a golden opportunity, it is very important to follow these do’s and don’ts before making financial commitments.

Goa Real Estate, Best Places To Invest in Goa

Goa Real Estate, Best Places To Invest in Goa

Goa is a popular tourist destination for Indians and foreigners. The sun-kissed sandy beaches, clear blue waters, best restaurants, and the holiday vibe create the atmosphere to unwind and rejuvenate. Tourism is one of the major economic drivers and many high-net-worth individuals already own or aspire to own property in the Emerald State. The government makes special efforts like easy approvals and tax benefits to developers to promote Goa for real estate investment.

In recent times as the appetite for travel is increasing, the demand for accommodations in hotels, resorts, and other property options has reached an all-time high. Owning a property in Goa has become a lucrative investment opportunity. Although Goa is a small state, it provides many options for investment in varied geographies and property types.

Let us look at the best places to invest in Goa:

Kadambu Plateau

Kadamba Plateau is an upmarket locality in North Goa offering premium residences. It is located close to Panjim and other employment hubs. The region has easy access to schools, colleges, malls, hospitals, and other facilities. Reputed developers offer 2 and 3 BHK flats in Kadambu Plateau; the price range of 2 BHK is ₹40 lacs to ₹ 1.2 crores. There is a plethora of under-construction projects in North Goa to choose from.

Siolim

Siolim is a picturesque village in North Goa known for its scenic beauty and tranquil surroundings. It is close to popular beaches like Anjuna, Morjim, Vagator etc. These beaches are popular with tourists as many events take place around. There is a great demand for luxury accommodations in the locality and many luxury properties have come up here. The residential projects in North Goa offer the best facilities and amenities like swimming pools, gymnasiums, and clubhouses to attract potential clients. Investing in Siolim can be a lucrative investment to earn regular rental income.

Mapusa

This rapidly developing locality in North Goa is known for its bustling markets and business centres boosting the development of commercial and residential properties. This once-quiet village is now a hub with easy access to the best social infrastructure like educational institutes, hospitals, colleges, banks, etc. It is ideal for residential home buyers as it is easily accessible by public transport. Investing in Mapusa can promise good appreciation and rental yields in the coming years.

Ponda

If one is looking at investing in land or farmhouses then a tranquil location like Ponda in South Goa can be an ideal choice. Purchasing a farmhouse in Ponda allows one to own property away from the hustle and bustle of the city. The greenery and natural beauty of Ponda present a good opportunity to develop it into an ideal eco-tourism spot for tourists craving for an authentic rural experience. The property rates are comparatively lower than those in the urban regions of North Goa.

Porvorim

Porvorim is a residential area in North Goa known for its serene surroundings and peaceful life. In the past few years, Porvorim has emerged as a hub for co-living spaces due to the demand created by young professionals and students. Co-living spaces offer unique experiences to share and connect common areas of the accommodations. Investing in co-living spaces is a good way to earn good returns on investments in rentals as the maintenance cost is lower compared to conventional rental properties.

These are some of the options one can consider for investment in Goa. It is a good idea to make most of the growing demand for real estate and the many upcoming projects.

Indulge in A Serene Lifestyle Amidst Nature at Ikigai

In the pursuit of a balanced and fulfilling life, the concept of “Ikigai” has gained significant attention. Rooted in Japanese philosophy, the word ‘Ikigai’ represents “life purpose or ‘raison d’etre’, living a life true to your passion and purpose. It means being connected to your true self so that you can discover your unique path and place in the world. In the vibrant paradise of Goa, a residential haven named Ikigai embodies this philosophy, offering residents a chance to immerse themselves in a serene lifestyle amidst nature.

Life at Ikigai

Ikigai is a space designed to let you get away from the crowd while connecting you with your own kindred community. All the conveniences of modern city life surround you, without having to live in a concrete jungle. The locale allows you to experience the babbling river, go on hiking trails, stretch under starlit skies, and live unexpected adventures and memorable nights right at your doorstep. You can indulge in a world of food, culture, music, and magic just beyond your threshold. Here creativity flows and there is time and space to dream and imagine because your home and your surroundings are taken care of.

Being healthy feels like a way of life because the crisp and fragrant morning air calls you to come out and explore. At Ikigai, laughter and plans bloom unexpectedly and often because the possibilities for joy are so many. The space that your life is lived in shapes the way you choose to live. While many people live out their lives on autopilot walking a straight and narrow path, Ikigai is for those who choose to follow the calling of their souls, to live each precious moment meaningfully, and to discover richer lives of purpose and passion.

Kadamba Plateau

Ikigai Goa, is situated centrally, close to everything that you need and a whole lot that you want. Reach any place you need for life, work, or play easily and accessible, while being surrounded by soaring scenic views of the Kadamba Plateau.

Being located inside this beautiful and coveted 30-acre township, Prescon Amanhā, IKIGAI enjoys world-class infrastructure. These 1 BHK flats in Kadamba Plateau and 2 BHK flats in Kadamba Plateau are centrally located in Goa, a mere 20 minutes drive from Panjim.

Surrounded by hills with views of the lake below, Kadamba Plateau is the Goa you want to belong to. Hop on a two-wheeler like you would in your college days, strap on your camera, and ride around or take long walks through the quiet meandering lanes filled with stunning landmarks and attractive architectural themes that will transport you back in time.

The Homes

Ikigai Goa offers you soulful residences in 1, 2 or 3 BHK configurations, that have been immaculately designed by our team. Each configuration comes with ensuite bathrooms, a kitchen with a separate utility area and beautiful balcony spaces that offer cross ventilation as well as abundant natural light. You can optionally avail of our Interiors package, which offers high-quality furniture along with essential white goods, to move in worry-free.

The experiences offered by Ikigai, Goa as you live here every day in the soulful residences, ideal location enjoying the modern amenities akin to residences in urban spaces you can truly realize your Ikigai, a life of fulfillment and satisfaction.

Tips To Choose The Right Property Developer in Goa

Tips To Choose The Right Property Developer in Goa

The real estate developer builds and develops the property which will become your home or your investment. It becomes important to choose a builder who is known to deliver the best quality projects without any compromises. Goa is one of the fastest-growing real estate markets in the country. This opportunity is seen by many builders in Goa as a highly profitable one. We see many existing and new players entering the industry as most builders want to make the most of the opportunity. But are all of them trustworthy?

It becomes important to follow some tips before choosing the best developer for your property investment:

1. Reputation and Track record

The reputation of a real estate company in Goa can be researched online. By studying the reviews of past projects, feedback on timely deliveries, and the quality of amenities and facilities, you can figure out if the builder is trustworthy. Word-of-mouth feedback from real estate agents and sources from the industry will give enough information about the builder’s reputation.

2. Quality of work:

The completed projects display the builder’s work. Visiting the sites of previous projects gives a good idea of the quality of construction, materials used, and design elements. This will set your expectations from the builder and help you choose the one that meets them. For example, if you are looking for 2 BHK flats in North Goa it is better to visit similar previous projects by the builder.

3. Financial Stability

The financial stability and reputation of the developers amongst financial institutions are important factors when deciding credibility. This will determine the builder’s ability to complete the under-construction residential projects in Goa. If they are not stable the project will be delayed due to lack of funds.

4. Transparency

A reputed builder will always be transparent with the information about the project. The pricing, terms and conditions, progress reports, and delays or risks if any, will always be clearly communicated. The builder’s transparency will help you to trust him.

5. Legal Compliance

The builder and their company should be registered with the authorities as legitimate companies. The builder should have all the credentials, licenses, and permissions from relevant authorities. The projects should be RERA certified and all the legal due diligence should be in place.

6. Customer Service

Evaluate the customer service experience provided by the developer. Is the company responsive to queries and concerns? Do they take the complaints seriously and provide solutions? The answers to these questions will show the developer’s concern for their customers.

Considering the above tips, you can choose a developer who can be trusted with your time and financial investment.

What Makes Goa A Homebuyer's Dream Destination

What Makes Goa A Homebuyer’s Dream Destination

What is the first thing that comes to mind when you hear the word “Goa”? Golden beaches, cold beverages, seafood, and tropical bliss. The mood automatically shifts to that of fun and frolic. This holiday destination will never go out of demand. And to think of living here is a dream come true for many. There are many things about Goa that everyone loves. These reasons make Goa a homebuyer’s dream destination.

Let us understand these one by one:

1. Natural beauty

Goa’s tropical beauty, sultry weather, golden beaches, and rustic landscape is well known. It is one of the reasons people from within and outside India are drawn to it. Being able to live in such a location is a topic that you may have discussed many times with friends and family. 1 BHK flats in Kadamba Plateau are an ideal choice to enjoy the rustic tropical beauty.

2. Culture

Goa’s history of invasion by the Portuguese and European traders has resulted in many of their traditions being infused into the local Goan culture. The architecture reflected in the churches and old buildings reminisce about the rich cultural heritage that these foreign cultures have left behind. Their influence on food has given Goan cuisine its originality. To be able to experience the diverse rich culture every day is anyone’s dream come true.

3. Picturesque Locales

As you move away from the hustle and bustle of the touristy places in Goa toward the interiors; the thick tropical forests, the lush greenery, scenic mountains, and river views are as enthralling as the golden beaches and crystal-clear water. Spending time in the lap of nature away from noise and pollution is an experience that is incomparable. Many vacationers are realizing the importance of a quiet life that benefits their health and well-being. A stress-free life amidst nature is an experience drawing many city dwellers into Goa. As a result, the demand for properties like 2 BHK flats in Kadamba Plateau is increasing rapidly.

4. Social Infrastructure

The interiors in North Goa are well connected to all the facilities and social amenities of Old Goa. You have easy access to the best educational institutes, hospitals, shopping hubs, and recreational options. Those who have bought flats in the Kadamba plateau can enjoy the comfort and relaxed vibe of old Goa yet access the best facilities.

5. Residential Properties

The Goan residential property market has grown rapidly in the past few years. A home buyer can choose from a variety of properties like apartments, villas, and beachfront properties at varying price points. These properties offer excellent amenities and facilities. One can choose to stay in the active metro region or in quaint remote locations as there are many residential projects in Goa.

All these factors make Goa a good destination for home buyers to settle down and also an investment option that promises growth in the long term.

Investing in Goa Real Estate is A Game Changer

Investing in Goa Real Estate is A Game Changer

Goa is one of the first places that comes to mind when we think of a holiday. It offers many options to unwind for working professionals who need an occasional break. Be it a dip in the blue waters or a sunbath on the golden sand, this tropical retreat offers many options for vacationers to recuperate.

Traditionally, North Goa is known for its urban set-up with many cafes and restaurants that serve international cuisines and ambiance. This was the reason why North Goa had comparatively more hotels and vacation homes than the rest of Goa. But things are changing rapidly.

These days there is an equal demand for realty in the interiors of Goa too.

Picturesque Locales

As you move away from the hustle and bustle of the touristy places in North Goa toward the interiors; the thick tropical forests, the lush greenery, and scenic mountain and river views are as enthralling as the golden beaches and crystal-clear water.

Spending time in the lap of nature away from noise and pollution is an experience that is incomparable. Many vacationers are realizing the importance of a quiet life that benefits their health and well-being. A stress-free life amidst nature is an experience drawing many city dwellers into Goa. As a result, the demand for properties in regions like Kadamba Plateau is increasing rapidly.

Internet Connectivity

The excellent internet connectivity that is prevalent in any part of Goa, is a boon to working professionals who like to be mobile. The pandemic saw many professionals work remotely to sustain themselves and their businesses. Although things are almost back to normal post-pandemic, many professionals have realized the benefits of working remotely.

Being able to have a healthy lifestyle in serene environments and working effectively are an ideal combination that professionals do not want to forego. These factors have seen a surge in the demand for residential and staycation realty options in the interiors of North Goa. Many who have invested in flats for sale in North Goa are enjoying handsome rental returns as well as property value appreciation.

Social Infrastructure

The interiors in North Goa are well connected to all the facilities and social amenities of Old Goa. You have easy access to the best educational institutes, hospitals, shopping hubs, and recreational options. Those who have bought flats in the Kadamba plateau can enjoy the comfort and relaxed vibe of old Goa yet access the best facilities.

The property prices of realty in Goa are increasing year on year and are comparable to those in the cities like Delhi and Mumbai. With an ever-growing demand for residential options by vacationers and tourists for prolonged stays, investing in a property in Goa can be highly lucrative in the long term.

Why Investing in a Gated Community in Goa is a Smart Move

Why Investing in a Gated Community in Goa is a Smart Move

Goa is a major tourist spot that is seeing a steady rise in residential complexes. The township and gated communities’ model is popular in Goa due to the many advantages it offers to the residents. A gated community or a township literally means a residential complex with gates and exclusive facilities for the residents. Most developers in Goa ensure the complexes have security and safety measures with boundaries so members are safe and comfortable. Investing in gated communities makes more sense as the prospects for renting the property increase. Tenants would always prefer the enjoy the perks of living in gated communities. Also, the property will be preferred by buyers or investors in case it is resold.

Security and Safety

Gated communities are manned by security at the entry and exit points of the residential complex. All developers with flats for sale in North Goa, facilitate security personnel and surveillance systems like CCTV cameras. These ensure any unwanted entities disturb the members living on the premises. Emphasis is laid on the safety and well-being of children of all ages with the right policies for their entry and exit. This takes away stress parents experience when young children go out of their homes to play or socialize.

Traffic restrictions

In many 2 BHK flats for sale in North Goa, outside vehicles are not allowed into the premises of gated communities. Moreover, those that are allowed need to register themselves in the records maintained by the security agency. The movement and speed of vehicles are restricted to avoid any untoward incidents. These rules are commonly adhered to strictly in most gated communities ensuring the safety and well-being of residents.

Community Living

Gated communities instill a sense of belonging and connectedness among members. The members can socialize on special occasions and festivals forming a bond. Ganesh Chaturthi and Deepawali are commonly celebrated in Goan gated complexes these days. The bonds formed over the years help in supporting each other every day and during crises if any. Information exchange helps parents and their growing children to make the right choices and decisions.

Why You Should Buy Property in North Goa

Why You Should Buy Property in North Goa

Why You Should Buy Property in North Goa

The moment you hear the word “Goa”, there is a complete change in mood. The images of the exquisite churches and architecture, splendid forts and monuments, lush tropical greenery, and narrow rustic lanes pass right in front of our eyes. Easily accessible from major cities in India, Goa is India’s most popular holiday destination. It is a regular escapade, especially for folks from the metros, that helps get away from busy urban routines. Imagine owning an apartment in Goa and being able to go every time you feel like it. An idea that will bring a smile to anybody, this idea is a win-win situation who owns an apartment or wants to rent one. Given the popularity of the emerald state with Indians, and more so with foreign travelers, it can be a smart investment decision.

The Goan economy thrives on tourism and hospitality. Although hotels and resorts are the first choices to stay for tourists, many foreign travelers choose to live in service apartments for longer durations. Also, during the peak season, hotels and resorts cannot accommodate the large influx of tourists. In these times, residential projects in north Goa become the preferred choice for stay, especially for tourists who stay for long durations. The stay is economical and convenient when compared to expensive resorts. The government’s focus on developing other sectors, like pharmaceuticals and manufacturing, is also adding to economic growth and employment generation.

COVID

Everyone was forced to work from home during the COVID pandemic. It is during these times that the concept of staycations became popular. Post-COVID, many corporates are allowing the remote work option. This has created a demand for Goa as a preferred remote location for many professionals. It gives them a choice to enjoy the scenic and bohemian lifestyle and work at the same time. As a result, there is a surge in demand for rental apartments for extended periods spanning over several months and even years.

North Goa

It is known that North Goa is comparatively more developed than the rest of the state. It is popular amongst tourists as it offers a rustic experience of the tropics. The serene and peaceful countryside coupled with the simple life of Old Goa has a calming effect and ensures a feeling of well-being. At the same time, one can always pick and choose from a plethora of restaurants and cafes to socialize. This makes North Goa a preferred location to invest.

Some noteworthy locations that can be looked at by home buyers and investors are Kadambu plateau, Candolim, Saligao, Anjuna, Parra, Ponda, etc. Kadambu plateau is an upmarket locality in North Goa offering premium residences. It is located close to Panjim and other employment hubs. The region has easy access to schools, colleges, malls, hospitals, and other facilities. Reputed developers offer 2 and 3 BHK flats in Kadambu Plateau; the price range of 2 BHK is ₹40 lacs to ₹ 1.2 crores.

DESIGN ARCHITECTS | Ethique Architects & Associates

Ethique Architects & Associates bring over two decades of  design excellence and experience to Ikigai Goa. EAA has specialized expertise in Senior Citizen Housing having designed  multiple projects across India. The young, dynamic team at EAA deeply understands the unique needs of the seniors, which  helps them conceptualize living spaces that accommodate comfort, convenience, dignity and independence of the seniors.

Retire in Goa With Ikigai Senior Living

Ikigai – Goa’s first active senior living community by Prescon brings you a way of life that mixes energy, activity, entertainment, and more.

Who wouldn’t want to retire in Goa, the eternal land of sun, sea, and fun? So many of us would’ve spent our Goa visits wishing we had a home in this stunningly beautiful state. Making it possible now is Ikigai Senior Living by Prescon, which is creating Goa’s first exclusive and vibrant community for the 55+.

Research on eldercare has consistently shown us the benefits of having a community around us. Unfortunately, given our busy city lives, it is precisely what many older adults miss out on after retirement. There is no longer a professional community to connect with daily and mobility, and the poor infrastructure in our cities means socialising is not always possible. Many apartment communities are populated mainly by a shifting, younger population, making it difficult for older adults to find their tribe. Sometimes, older adults move to the city their children live in but find themselves bored without a group of friends to call their own.

A solution to these problems is an active senior living community, where you can live with like-minded older adults in a space designed to cater to a community that is growing older but wants to make the most of their lives. Your comfort and conveniences are taken care of here with dedicated staff looking into your every need, from cooking to daily housekeeping, leaving you free to enjoy life and get busy with activities you wish to pursue.

ImageHere are a few things that Ikigai Goa offers to ensure your retirement years are hasslefree:

  • First up is a community of fun, like-minded people. We all know the benefits of being in a community with people you can share a meal with, go for walks, or laugh with. A study published in the February 2022 issue of Preventive Medicine suggests that laughing with friends is associated with a reduced risk of developing functional disability or problems with daily activities like bathing or dressing. Finding a fun group of people to be with could help you stay healthy!
  • Homes that are well-appointed and maintained without the headache of having to take care of it yourself.
  • Sudden illness is a common worry as we age. Unfortunately, it isn’t easy to find a doctor or rush for help if you take ill in the middle of the night. However, Healthcare and medical assistance are always at your fingertips in a senior living community, ensuring you get help on the spot.
  • The vibrant social calendar with activities here ranges from art to music and wellness, ensuring you have a day that packs in quite the punch.
  • A safe and secure environment is essential to older adults. A senior living community like Ikigai Goa ensures that even if you live alone, you can go about your day in a safe environment and get a sound sleep at night without worrying if you locked the gate or secured the latch on the front door.
  • There are small chores and tasks in all our lives that need attending to but can sometimes get cumbersome. Concierge services make this a convenient job for all by taking it off your hands.
  • If you are used to driving or traveling independently, you may often wonder if a senior living community will offer you that luxury. Like many others, Ikigai Goa also provides transportation services to ease moving around.
  • No more cooking can be music to many a homemaker’s ears. Meals are planned here with nutritional values in mind and according to health needs.
  • Stay healthy and fit with wellness programs. Doing some of these in a group works well as a motivation factor too.

What mainly adds to Ikigai Goa’s USP is its location. Based in Kadamba Plateau, it is centrally located and a stone’s throw away from the beautiful and serene historical area of Old Goa, a UNESCO World Heritage site. Surrounded by hills and has a beautiful lake view. Panjim, Goa’s capital and a vibrant city, is just 10 kilometers away.

ImageWhat would retired life in Goa be like?

For one, the weather is good. It’s a year-round tropical climate with a powerful monsoon that comes with its own charm, albeit a very wet one!

If you like a mix of culture, entertainment, and a constantly evolving vibe, you will not be bored, not just because you are part of a vibrant senior living community. Goan villages and the state’s interiors retain an old-world charm with endless greenery and sudden pockets of silence. The unusual and beautiful Divar Island is just 40 minutes from the property. Well-known bird-watching points like the Salim Ali Bird Sanctuary and the Batim Lake are within a 45 minutes distance, giving you a new hobby to explore!

When you want a dose of activity and fun, you can check out the more buzzing beach, shopping areas, and restaurants offering global cuisine. Goa also has a strong cultural tradition of music, theatre, and dance to explore, and the Fontainhas Latin Quarter is just half an hour away.

Best of all is its easy connectivity to cities across India by bus, rail, and air.

The good news is that anyone can buy property at Ikigai Goa, though you need to be over 55+ to live there. Of course, like any home, your children and friends can stay with you whenever they want. You can also rent your home with the assistance of the team. Ikigai Goa will also run a holiday rental program on a revenue-sharing arrangement.

Many older adults have spent years focusing on their professional lives and fulfilling the needs of their family in their personal lives with barely enough focus on their own needs and interests. A senior living community offers them that space and time in an environment that is motivating and safe and within the warmth and joyful company of friends.

For more information, visit www.ikigaiseniorliving.com or reach us at +91 8766757810 or write us at goasales@prescon.in

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    Survey No. 8/1-DI, Azossim, Tiswadi, North Goa – 403104

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     The project has been funded by Saraswat Co-operative Bank Ltd.  

    This project is registered under GoaRera Project Registration as Bldg A3 Bldg A4 & Club with Reg.No.PRGO02221540 (Phase 1). Bldg A1 Bldg A2 & Bldg B1 with Reg.No.PRGO11221816 (Phase 2) and is available on https://rera.goa.gov.in/reraApp under registered projects.

    Disclaimer: The plans, specifications, elevation, conceptual designs and visuals, images, computer generated images, dimensions, photographs, furniture, fixtures, amenities, facilities, etc., are strictly provided for representation purpose only and are subject to requisite approvals from the competent authorities unless otherwise stated herein. This does not constitute an offer and/or contract of any nature between the company and the prospective purchaser / customer has independently satisfied himself before any conclusive decision. All brand names and trademarks stands reserved. T & C Apply. March 2023

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    GoaRera Reg.No.:- PRGO02221540