As the tourism industry in Goa continues to boom, attracted by the allure of sun-kissed beaches and lush landscapes, the housing market in the state is also witnessing a dynamic transformation. The state is turning into a sought-after location for people who seek to live the Goan dream. This has naturally led to the emergence of several housing trends to meet the ever-changing needs of its old and new inhabitants — and we’ll be uncovering a few of those in this article.
Rising Charm of Goa in the NRI Diaspora
The rising charm of Goa has captured the attention of the NRI (Non-Resident Indian) diaspora like never before, and it’s influencing the housing trend in the state. With its tropical climate, pristine beaches, and vibrant culture, Goa has become a sought-after destination for NRIs looking for a second home or investment property.
This trend has given rise to luxury villas, modern condominiums and upscale developments that cater to the discerning tastes of NRIs. Moreover, many NRIs are also choosing to return to their roots, making Goa their permanent home, which further contributes to the state’s diverse and dynamic housing landscape.
Unparalleled ROI in Residential Across the Country
Goa has been witnessing remarkable returns on investment (ROI) in its residential real estate sector. The state’s booming tourism industry, combined with a steady influx of tourists and expatriates, has made property investment in Goa lucrative. The potential for high rental yields and capital appreciation has made it an attractive destination for property investors.
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Peace of mind in owning Secondary Luxury Holiday Homes
Property buyers in Goa are increasingly seeking peace of mind through professional management agencies. These agencies offer comprehensive property management services, including maintenance, security, and rental management. This trend reflects the desire of homeowners, especially non-resident property owners, to ensure their properties are well-maintained and generate consistent income.
Conscious Luxury Living
Goa is witnessing a surge in sustainable housing options, with eco-friendly designs, solar panels, rainwater harvesting, and energy-efficient technologies becoming standard features. Homebuyers are increasingly prioritising green living.
At Aranayam, we are creating soulful spaces which create an aura of tranquillity and wellbeing. Literally everyone talks about sustainability in real estate but most fall short when it comes to meaningful action. We are one of the rare boutique developers who have taken the bull (read climate change) by the horns and dedicated resources in the pursuit of minimising our carbon footprint, ecological preservation and amongst the first to get our achievements certified by green building certification while ensuring you never have to compromise on luxurious, comfortable and soulful living.
Community Living
In the context of Goa’s evolving housing trends, community living is emerging as a defining feature. Goa’s unique appeal lies in its ability to attract individuals from diverse corners of the globe, encompassing various cultures, professions and backgrounds who come together to form a vibrant and inclusive community. This blend of cultures, languages, and experiences creates a rich tapestry that sets Goa apart. Whether it’s the local Goan residents, expatriates seeking a tranquil retreat, or digital nomads in search of inspiration, all contribute to the tapestry of Goa’s diverse community living.
This cultural fusion, coupled with Goa’s inviting atmosphere, fosters a strong sense of belonging and camaraderie among residents, making it an exceptional place to experience and embrace the joys of community living. What’s particularly striking about this trend is the growing emphasis on how new developments in Goa are thoughtfully designing communal spaces with shared amenities where neighbours can come together and bond; fostering a sense of togetherness among residents. Whether it’s communal gardens or rooftop lounges, these spaces encourage neighbours to connect, share experiences and create lasting bonds in a place that welcomes all with open arms. Residents not only enjoy the comfort and convenience of their homes but also the opportunity to connect with others, creating a rich and diverse living experience in this coastal paradise.
Holistic Living Environment
Seen as an emerging trend in Goa, there’s a noticeable shift towards holistic living and wellness-focused design. Many new housing developments in this picturesque state are thoughtfully integrating wellness elements into their designs. From serene yoga pavilions to lush meditation gardens, and even health-conscious architectural features, these developments prioritise the well-being of residents. Goa’s natural beauty and serene environment make it an ideal backdrop for such wellness-oriented designs. The goal is to create living spaces that promote physical, mental, and emotional well-being, aligning with the holistic lifestyle that many seek in this tranquil coastal haven.
Goa’s housing trends seamlessly blend sustainable living, luxury retreats and community-centric living, showcasing the state’s remarkable capacity to embrace modernity without compromising its cultural legacy. This unique combination positions Goa as an attractive real estate market, catering to both investment and residential needs. If you’re contemplating a real estate investment in Goa, these burgeoning trends provide a compelling glimpse into the promising opportunities that lie ahead.
(By Varun Maheshwari, Co-founder, Aranayam. Views are personal)