Goa has long been a coveted destination for homebuyers, attracting those looking for second homes, vacation retreats, and luxury investments. While opulent villas priced above Rs 5 crore continue to dominate premium locations like Assagao, Anjuna, and Morjim, the state’s real estate market is evolving to accommodate a wider range of buyers.

Prospective homeowners can now explore diverse options, from compact apartments in the Rs 1 crore to Rs 2 cr range to more expansive properties between Rs 2 cr and Rs 5 cr in prime areas. As demand surges across segments, Goa remains a dynamic and promising market for investors and end-users alike.

Anupam Rastogi, Co-Founder & Chief Business Officer, Square Yards, says that Goa has long been synonymous with holiday homes and second homes, particularly luxury villas which generally trend upwards of Rs 5 crore. Northern tourist hotspots such as Assagao, Anjuna, Morgin and Siolim have become highly desirable investment destinations, drawing buyers seeking premium villas with upscale amenities like private pools, landscaped gardens, and state-of-the-art facilities.

Also Read: How being a loan guarantor can affect your finances and credit

However, “Goa’s property market also caters to a wider audience with diverse property options beyond the luxury segment. Apartments in an average range of Rs 1-2 crore, usually part of townships or gated communities, are commonly located in central and southern areas such as Dabolim, Vasco Da Gama, Dona Paula, Margao, and Salcete, amongst others, which see strong demand from end-users,” adds Rastogi.

While property prices tend to be higher in the northern regions and relatively lower in the south, they ultimately vary based on the project’s features and offerings. With a range of national and local developers introducing projects across various budget segments, Goa’s real estate market is steadily evolving, creating opportunities for a wider spectrum of buyers.

The entire Goa region, in fact, is transforming into a bustling property market. Indians from all over country are vying to own properties such as second homes, vacation villas, retirement homes, and luxury cottages in Goa. Prominent markets such as Mandrem, Vagator, Morjim, and Panaji have seen tremendous growth in demand. However, this has also skyrocketed property prices.

Ankit Kansal, MD, Axon Developers, informs, “Average prices in the region are in the range of Rs 15,000 – Rs 23,000 PSF. This also means the price bracket of properties fall in the range of Rs 5 cr to Rs 10 cr. There are also options available in the higher price ranges. Meanwhile, if one is contemplating relatively affordable options, then Sindhudurg is a viable choice. The Konkan district located at around ~ 30 mins drive from the MOPA airport is home to pristine climates, turquoise sea water, panoramic views, verdant natural landscapes, and much more. Properties are available in the range of Rs 7000 – Rs 8000 PSF. This will make a 2500-3000 SQF unit in the sweet range of Rs 2 cr to Rs 2.5 crore.”

There are also ample land parcels available in areas of Sindhudurg such as Vengurla, Bhogwe, Kudal, etc. in the range of range of Rs 1600-2000 PSF. One can also opt for such options, as buying land gives a lot of flexibility to create projects as per one’s own choice.

Ambika Saxena, Director, Corporate Communications, Bayside Corporations, says the real estate market in Goa offers viable options under Rs 2 crore, particularly in North Goa, where buyers can explore a range of properties, including land parcels, villa plots priced between Rs 60-90 lakh, and compact apartments such as 1BHK and 2BHK configurations. “Studio and 1 bedroom homes are available for Rs 1-1.5 crore, while 2-bedroom apartments are priced at Rs 2-2.5 crore in sought-after locations like Anjuna, Arpora, Siolim, Morjim, and Arambol. Developers like Lodha are active in this segment, providing quality options to homebuyers. In contrast, South Goa primarily caters to the luxury villa market, with properties starting at Rs 5 crore and above, making it less accessible to buyers in this segment,” he says.

Due to its beautiful coastline and exceptional rental yields, Goa is emerging as one of the important destinations for the real estate market. The city is witnessing a surge in demand for luxury properties comprising ultra-luxury villas as well as premium apartments. Various reports reveal how Goa’s villa market delivers rental yields that significantly outpace metro cities.

Moreover, “South Goa is quickly becoming a hotspot for premium offerings at quiet, less-commercialized beaches. Thus, the region offers potential buyers the flexibility to seek projects that align with their vision, making it a compelling choice for those looking to balance affordability and long-term value in Goa’s thriving real estate market,” says Ravindra Gandhi, Founder and Managing Director, Tirasya Estates.