Tips on investing in a property in Goa

Investment in Goa in a residential property is a long term investment decision and it needs a lot of research and analysis. Always do your diligence properly before finalizing the property. Goa is a well- planned city with all the modern amenities and strong infrastructure. Over the last two decades, the city is growing in volume with lots of investment opportunities in Goa. People from different parts migrate to the city. Also, the real estate industry is growing leaps and bound in every part of the city. It is considered as a good investment to buy or sell a property in Goa.

Things to consider before investing in a property are listed below: 

  • Fix a budget
  • Project Specifications
  • Choose proper developer
  • Healthy environment
  • Loan availability
  • Check for the amenities

Fix a budget

Before you step into buying a property in Goa, check whether the scene property is in your budget. Also, ask for the final cost of the property to the builder.

Project Specifications

  • Have clear idea of the specifications
  • Look for a project having bigger areas or adjoining parks.
  • Try to avail the maximum amenities provided by the builder.
  • Also make a list of banks financing the project.
  • Ensure that there are no legal issues attached to the property. 

Choose proper developer:

Have proper information about the developer. Also, ask for his previous projects. It is always better to have proper knowledge of the developer’s history. Verify the builder properly and keep in mind the below points.

  • Have proper knowledge about the builders background
  • Know his experience in this particular field
  • Have proper information about his qualification
  • Review his previous projects and also his clients
  • If possible interact with his previous clients
  • Regarding his capability to handle projects

Healthy environment:

Whenever you plan to buy or rent a house for your family, it is always important to choose a place that has a healthy environment. You need to check for good neighborhoods. Check for facilities like parks, walking trails for your children. Location is the most important factor.

  • The location should be easily accessible
  • Notice the surroundings properly
  • Choose the right location
  • Ensure that the place has ample parking place
  • Check for parks in the vicinity
  • Ensure that the place is bright and airy

Loan availability

In most cases, investors face financial issues to find the desired property. Make a list of banks financing the project.  There are huge numbers of property dealers whom you can contact for buying a property in Goa. Follow this guide to enjoy buying your property without any issues.

Check for the amenities provided in your apartment or a flat

  • Swimming pool
  • Spa
  • Gymnasium
  • 24 hrs security check
  • Indoor and outdoor play areas
  • Uninterrupted power supply
  • Surveillance
  • Fire safety measures
  • Good water supply

Some of the things which you need to consider when you are looking to make investment in Goa are mentioned above. If you choose wisely, you can rest assured knowing that you have made the right decision in property investment. Keep this all in mind when looking for the best property in Goa.