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.

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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