The world is witnessing a property boom like it hasn’t seen in over 30 years. And leading the charge of this unprecedented growth are nations and destinations that allow a work-life flexibility. Countries like Turkey, New Zealand and Canada have seen a 15% or higher growth rate in property appreciation in 2020 alone. Closer to home, things are vastly different. This global phenomenon’s ripple effect has already started being felt in some key destinations in the country. At the top of the list sits Goa. Almost the entire nation has packed up and left for Goa at some point or the other during the pandemic.
“At the moment, no other destination in the country offers the allure and charm of India’s favourite holiday destination. And this is not likely to change anytime soon. As the world gets back to normal, WFH is becoming a norm with most corporate; this trend of booming prices is only going to grow exponentially. For those waiting for a correction in the Goa market, it isn’t coming.” - Deepak Abbey, COO and Co-founder of The Realty Company, an NCR based realty firm that offers exceptional options in Goa for the right price.
Most CEOs of the largest companies in the world agree. Take for instance the Forbes survey which states that 52% of respondents said they want a hybrid model where they can choose to work remotely or from the office each day and 16% say that they have no interest in returning to office and Nearly 75% said they would likely consider relocating to a different city if they could perform their role to the same level without commuting to a place of work.
The other charm that Goa offers is the allure of wide open spaces and beautiful balmy weather which one cannot even dream of in the big cities. There has been an endless stream of people coming into the city and air traffic has been only rising in the last two years.
“So many of our clients have come to Goa for short stints and fallen in love with the place so much that they want to make it their permanent residence. And fiscally, this has been a great decision. They have seen staggering returns, in some cases almost as much as 35% in just the last two years. The thing to understand is that the future holds a similar promise. We are continuously scouting for the locations that give the best life and the best returns and have a huge inventory to offer to our customers now.” - Sunil Batta, CEO and Co-founder, The Realty Company.
With the government keeping pace with the pace of demand with exceptional new state projects in infrastructure, connectivity and community, Goa is determined to stay at par, if not ahead with the slew of new residents that are calling it home.
The ready to move in inventory is almost exhausted but there are a few hidden gems that are still available. If you are interested, you can get in touch with The Realty Company to see how they can give shape to your life in Goa. Contact them at +91 98102 54196.
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