India Investment areas - Goa

[Mindy]

India's ancient and diverse culture , sweeping back at least 5000 years, with successive waves of migration absorbed into the fabric of Indian life, has enriched over and over again to make a multi-cultural nation with a wide diversity of languages, customs, cuisines, religions, literature and arts. Within this kaleidoscope of immense variety there is a thread of continuity that has determined Indian civilisation and social structure.

India is the largest democracy in the world, the seventh largest country by area and has the second largest population. Located entirely in the Northern Hemisphere, it is bound by Pakistan, Afghanistan, China, Nepal, Bhutan, Myanmar and Bangladesh. The Arabian Sea, the Indian Ocean and the Bay of Bengal border its coastline.

The nation's diversity is abundantly obvious with the bustling metropolis of Mumbai, the arid state of Rajesthan and the tropical beaches of Goa. The nation is vast and difficult to encapsulate in a few short words.

From a property perspective, Mumbai does present opportunities but it is also one of the most expensive real estate markets in the world. Most investors tend to focus on Goa which is an increasingly popular tourist destination and even retirement location due to the low cost of living. The former Portuguese colony feels unlike any other part of this giant country. It has a distinctly European air in many towns, although you never feel like you are anywhere other than India.

There are a number of small resort towns scattered along the idyllic tropical coastline that present potential opportunities for property investors. Places such as the popular market town of Anjuna, Margoa, Panji, Cavelossim, Palolem and many others along the coast have increasing numbers of interesting purpose built developments.

Whilst there are countless things to do and see across India, Goa is probably the best place to start on a pursuit of Indian investment property

[Mindy]

The community features detached villas offered for sale on a freehold ownership basis. It has been designed with contemporary Goan architectural concepts and styled as a Goan hamlet seamlessly blending into an 8-acre expanse of exquisitely terraced landscape, and colorful gardens with tree lined avenues.

With an option of two different floor plans, all villas come as a fully loaded 'turnkey' package complete with furniture so there is no requirement to consider further options or upgrades.

The entire design concept of the development has been to build a sibling to the surrounding stature and class-standing of this part of Goa. Immediately adjacent to Aguada Anchorage is the 5-star Fort Aguada Beach resort.

Other parts of the peninsula around the site are similarly upper classed and this status demanded that only a 5-star, or comparable, community could be built. It is with that intention that the amenities have been drawn into the blueprint in order to ensure that the equity in the community will continue to grow for years to come. Moreover, the vacation rental model can only work in the correct location. A first for Goa, Aguada Anchorage is the only development which offers the services of a property management company to take care of your home and investment.

[Mindy]

Goa is about to explode on the global investment and tourism markets.

It is located on the west coast of India on the shores of the Arabian sea, comprised of more than 3,700 sq. kms of greenery, rainforests, rivers and vast stretches of golden beaches that allure those seeking a magical piece of paradise.

Goa’s unique landscape is filled with old-world Portuguese architecture manifested in many a Goan villa, and also in its world famous cathedrals, churches, and stately mansions dotted around rural Goa.

Its warm and sunny weather is matched only by the warmth and friendliness of its people. The clean un-polluted air and easygoing attitude of Goans makes it a much sought after tourist destination, and now, a wonderful place to invest in real-estate.
Goa has a relaxed and easy going feel, and has created a wholly distinctive atmosphere from the rest of India.

[Mindy]

Sometimes known as “Rome of the East”, “Tourist Paradise” and “Pearl of the Orient”, the state of Goa is located on the western coast of India in the coastal belt known as Konkan.

The magnificent scenic beauty and the architectural splendours of its temples, churches and old houses have made Goa a firm favourite with travellers around the world.

But then, Goa is much more than just beaches and sea. It has a soul that goes deep into unique history, rich culture and some of the prettiest natural scenery that India has to offer. Much of the real Goa is in its interiors, both inside its buildings and in the hinterland away from the coastal area.

Goa was liberated by the Indian Army from Portuguese colonisation on December 19, 1961 and became a Union Territory along with the enclaves of Daman and Diu. On May 30, 1987 Goa was conferred statehood and became the 25th state of the Indian Republic.

Having been the meeting point of races, religions and cultures of East and West over the centuries, Goa has a multi-hued and distinctive lifestyle quite different from the rest of India. Hindu and Catholic communities make up almost the entire population with minority representation of Muslims and other religions.

All the communities have mutual respect towards one another and their secular outlook has given Goa a long and an unbroken tradition of religious harmony. The warm and tolerant nature of the Goan people allows them to celebrate and enjoy the festivals of various religions such as Ganesh Chaturthi, Diwali, Christmas, Easter and Eid with equal enthusiasm.

The state of Maharashtra borders Goa on the north, the state of Karnataka on the south and east. The vast expanse of the Arabian Sea on the west forms the magnificent coastline for which Goa is justly famous.

Panaji (Panjim) is the state capital located on the banks of the Mandovi river and Vasco, Margao, Mapusa and Ponda are the other major towns. Goa is serviced by an international/national airport located at Dabolim near Vasco. An intra-state and inter-state bus network also plays an important role in getting locals and visitors alike in and around Goa.

The vast green expanse of the Sahyadri mountain range ensures that Goa has an abundance of water. The sea and rivers abound in seafood - prawns, mackerels, sardines, crabs and lobsters are the most popular with the locals and the visitors.

Along with English which is widely spoken all over Goa, Konkani and Marathi are the state languages. The national language Hindi is also well understood in most areas around the state.

Goan cuisine is a blend of different influences the Goans had to endure during the centuries. The staple food in Goa is fish and rice, both among the Hindus and the Catholics. Unlike the Christian food the Hindu Goan food is not strongly influenced by the Portuguese cuisine.

Since the arrival of the Hippies in the sixties, Goa has been a major destination on the itinerary of international and domestic tourists.

The tourist season in Goa begins in late September and carries on through early March. The weather in these months is usually dry and pleasantly cool. Then the weather gets fairly hot around May and by end of June, Goa receives the full blast of the Indian monsoon with sudden downpours and tropical thunderstorms. However it is also during the monsoon that Goa is probably at its most beautiful, wit h greenery sprouting all around.

Besides the natural beauty, the fabulous beaches and sunshine, travellers to Goa love the laid-back, peaceful, warm and friendly nature of the Goan people.

After all, more than anywhere else on planet earth, this is a place where people really know how to relax.

[Mindy]

There was an interesting blog entry in Marc h on offplanpropertyexchange.com about Goa click here for the link

[laur620]

India has always been a fascinating country to me and so I have also watched the market for property in India closely over the last years.
The developments in recent years have been amazing. Prices have constantly gone up, construction has increased and many talk of an Indian property bubble that will eventually burst at some point.
Bangalore and Mumbai are two big growth centers, but further north prices for houses have already started declining at the beginning of the year. Since then the outlook for the real estate market in India has been scaled down a lot. Also the market there feels the effects of the worldwide crisis. I am really excited about how the market will evolve after the crisis has reached its end.

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