India Goa Real Estate Update March 2008

How about investing in Goa property?

There are lots of option. You can buy plot, flat, villa. If we buy a 2 BHK flat in panaji it will cost you 10 lacs. If you opt for a beach side flat then the SFT price increases to Rs2500/- to 3000/- per SFT because of tourist. Most of the appt, villas are given for rent when they are near to  beaches. Not all the beaches are famous. We found Baga and calagute beaches are the most famouse among all other beaches.

Calangute comes under gram panchyat and the roads are very narrow. In the evening you can experience the traffic jam.

2 years back prices were less but it's totally different now. When you buy a appt / villa near beach there would be huge maintenance cost due to humid weather.
At this moment we are really confused whether we should invest in Goa or not?

One taxi driver was telling recently Govt has decided that people only from Goa can buy land in Goa. In that we can't buy land in Goa. The same is in Himachal Pradesh. This is really stupid. When we pay tax, some part of it goes to these state also. Then as an India we should be able to buy land in all the places in India.

What do you think? please share your though with us.