Goa Residential Real Estate- New Developments With Full Amenities to Appeal to the International Community

Goa, the smallest state in the Indian Union is located on its western coast. This erstwhile Portuguese colony is a prime vacation destination for international and Indian tourists alike. Goa borders the Arabian Sea and the states of Maharashtra and Karnataka, and two of its greatest attractions are its laid-back pace of life and its 105 km long coastline, which is made up of several white sand beaches.

The Mandovi River divides Goa into the two distinct districts of North and South Goa. The administrative capital of Goa is Panaji which is located in the commercialised area of North Goa.

North Goa is the setting for all the main tourist activity, which is concentrated on the dining, shopping and entertainment establishments along the beaches of Baga, Calangute, Anjuna, Candolim etc. However in recent years, South Goa has also seen some planned development in the form of several five star luxury resorts such as the Leela Goa, Taj Exotica and the Park Hyatt.

Second home paradise

Regular visitors to this beach haven have over the years decided to acquire second homes in this sunshine state and this has given a fillip to residential real estate in Goa. Initially many buyers in Goa wanted to buy the heritage villas which were constructed during the Portuguese times but there are not many of these historic homes, which are also obviously extremely expensive to purchase. Consequently in order to meet this demand there has been much high end development in the form of independent villas and homes in the prime residential areas located in North Goa such as Dona Paula, Caranzalem and Miramar.

Large Indian real estate companies like DLF, Parsvanath and Pune’s reputed Gera developers have bought up large tracts of land for development in Goa. Gera are involved in both commercial and residential real estate in Goa and are currently developing a business center in the Central Business District of Panaji. Their prominent residential project is called Gera’s Astoria and is located in an elite residential area of North Goa called Caranzalem. This area is situated close to Miramar Beach and most of the apartments located in this T shaped complex afford a gorgeous view of the beach.

Gera’s Astoria is a project that consists of premium resort style two and three bedroom apartments. This development comes equipped with several international-style amenities such as landscaped gardens, a Jacuzzi and a swimming pool with a swim up bar, a  barbecue area, a children’s activity center, a gym and a club house.  This kind of all inclusive resort style living is bound to appeal to many European tourists who visit Goa every year and are looking to buy a vacation home in their favored holiday haunt.

Peace Valley Resort - selling like hotcakes

However the development which has evoked a lot of interest in the blogosphere and amongst the international investment community is a development which is being promoted  as gated community by a leading local Goan developer called Sanatan Real Estates. This project is called Peace Valley and it is located over a vast  verdant area measuring more than  75,663 sq. meters. Peace Valley is located in Sirvoii village which is in the district of Quepem in South Goa.

The Peace Valley development consists of 57 luxurious villas and 174 apartments. This exclusive gated community will have  a host of amenities which include round the clock security and CCTV surveillance, a therapeutic Ayurvedic Spa, a nine hole golf course, three swimming pools, tennis courts, a helipad, horse riding facilities, discos and bars.

Peace Valley offers you two choices for property investment: you can either buy a plot of land and have your own villa built according to your customized design or you can buy an apartment.

The apartments which range from one to five bedrooms were initially offered for sale at a price of approximately €28,000 and it’s no surprise that many of them have already been snapped up by expatriates and non resident Indians who are looking to get on Goa’s property ladder.

In other words, hurry if you want one!