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.