The moment we hear the word Goa, the images that come to our mind are those of beaches, lush forested hills, shiny sand, swaying coconut tress, and charming faces enjoying and partying. The magnificent scenic beauty and the architectural splendours of its temples, churches and old houses have made this state a favorite destination of travelers around the world.

But then, it is much more than just beaches and sea. The state has a soul that goes deep into unique history, rich culture and some of the prettiest natural scenery that India has to offer.

Goa attracts a lot of tourists every year for its scenic beauty but now Indiafs smallest state has lot more to offer. Goafs property market is anticipated to grow by leaps and bounds. It is definitely a boom time for property market in Goa with more and more realtors ready to invest and develop best properties here as they are confident to get lucrative yields in long term. It is undoubting that everyone tries to opt for the sites situated strategically, affording scenic surroundings and possessing great potential to yield high returns. And, availability of such locations provides excellent investment prospects to investors. One cannot deny that land rates in Goa are all set to go through the roof. Yet, buying a property in Goa is not hard to do on a budget and can be easily bought without breaking the bank.

The list of the famous builders developing properties in Goa includes Gera Developers, Parsvanath, DLF and many more big players, who are planning to develop offices cum shopping malls in Goa. These developers are not just cashing on the sprawling beach attraction of the state for higher returns on the real estate any longer. Their focus has shifted and now these real estate developers are looking to provide a value-add on the basic amenities of everyday life-style. If you wish to buy an apartment in Goa, a whole package of attractive amenities will be thrown open to you. Goa real estate builders are currently looking to provide basic details that may sound as simple as a good pressured central overhead tank to facilitate water supply. The bedrooms of these apartments are complete with wardrobes. The focus is now on modern kitchens as well, as they are becoming a favorite with most Goa real estate builders.

The kitchen is decked with granite cooking platform with one stainless steel sink, garbage crusher below the sink and hot / cold water mixer. Kitchen cabinet, cooking range, chimney, fridge or even a microwave is an added value if you are considering buying apartments in Goa. With developers like Gera, Parsvnath and DLF focusing on the Goa property market, it is transforming fast.

Goa Real Estate has emerged as the most sought after investment destination for real estate developers as well as foreigners, Indian and NRI buyers. Although, foreign ownership of real estate is technically not allowed in Goa, many foreigners have managed to buy apartments, villas, penthouses and holiday homes out here. However, Goa government is now rising to this challenge and is taking measures to intervene in such so-called illegal activities.

Property details of Goa:

Property prices in North Goa like Dona Paula and Miramar are around Rs 25,000-30,000 per square meter, up from Rs 15,000 a square metre a year earlier.

Whereas, in South Goa, around the beach belt comprising Benaulim, Colva, Majorda the going rate is about Rs 20,000 per square meter, more than the price band of Rs 10,000 to Rs 15,000 a square meter a year earlier.

Prices in metros

Prices of property near sea side are not over the top.

According to a survey, built up property prices in elite locations of Mumbai and Delhi has touched Rs 2.35 lakhs and Rs 2.10 lakhs per square meter respectively.

In Bangalore and Chennai property prices have shot up to Rs 60,000 per square meter while the tech hubs of Hyderabad and Pune cost Rs 40,000 and 52,000 per square metre respectively. Looking at the rate at which property prices are rising, it is quite likely that Goa could be going Mumbai's way.

It is the best time to buy a property in Goa. Though prices are going up, they are still very much within the reach.