Top Projects - Goa
Goa is no longer just a holiday destination. It has turned into a haven for buyers who wish to own a property here.These investors are mostly people who come in on a regular basis for vacations. What is interesting is that more than foreign buyers, Goa is attracting buyers from various cities in India. The major demand is from investors in Delhi and Mumbai, who find it fashionable and cheap to own a second home in Goa. This rise in demand has increased the property rates to a great extent. The state property market offers a wider range of luxurious and budget holiday homes. From high profile investors to upper middle income groups, the market offers something for all category of buyers.
Upcoming residential developments
"The real estate market in Goa offers great scope as there is a huge demand for housing in the state," believes Nilesh Salkar, President of Goa Chapter of Confederation of Real Estate Development Association of India (CREDAI). The abundant land and plots are attracting builders towards the state, and places like Panaji, Dona Paula, etc,are witnessing major developments. This trend is further encouraging builders and developers to launch premium residential projects in the state. Some of these major upcoming residential developments in the state include:
Sapana Carvalo: This project by Nanu Estates on Colva Mergao comprises a block having G+4 floors of 1-3 BHK apartments with basic amenities.
Micon Arabian Sea View: This project by Micon Realtors at Mormugao comprises two blocks having G+3 floors of 2 BHK apartments with basic amenities.
Vicente Greens: This is a residential block being developed by Acron Developers at Porvorim. It comprises five blocks
of G+4 floors having 55 apartments of 1-3 BHK with the basic amenities.
Upcoming commercial developments
The commercial property market in Goa has undergone a paradigm change with conglomerates buying large commercial spaces for off-ices and to develop shopping arc-ades featuring world class brands. There is large availability of industrial and commercial property in the state. Besides, many international brands are also considering setting up their showrooms, and tourism is also hiking the property process of the state. The upcoming commercial projects in the state include:
Agri Mall: Goa State Agricultural Marketing Board plans to develop an agri mall cum city centre in PPP mode at Mapusa. The project is currently in the planning stage.
Market Complex: Goa State Urban Development Agency will develop a market complex at Chaudi Canacona. The project is likely to complete in 12 months.
Export Terminal: The Mormugao Port Trust plans to set up an iron ore export terminal on the west of breakwater under the PPP model at Mormugao. The project will complete by March 2014.