Investor Unaffected of Goa Real Estate Controversy

NGOs or some residents may be opposing real estate development in Goa, but the fact is that their protest has hardly made any impact on the investor sentiment, developers building properties in Goa say. The argument that commercial development will affect Goa's ethnic culture does not hold water.

You see other beach-capitals of the world like Mauritius, Seychelles, Bahamas and so on and you will find a hell lot of commercial development there. In my view, it is some groups that have vested interests in it, a developer said, adding that "there are a number of properties that were occupied by people after the Portugal handed over Goa to Indian government and those people may now be concerned while the property markets get organised in the state."

Beaches, Beaches and Beaches

Goa real estate market is all about beach side villas. According to property consultant Sunil Chheda of Fair Deal Properties,” The going rate for the sea side villas is anything between Rs 5-10,000/sq ft. these are typically built on a land area of 1-2 acres with a built up area of not less than 7,000 sq ft. It can be more or less depending upon customer’s taste and needs. They are build according to their personal style and preferences.”

However, not every beach can have sea side villas. The beach should have an even terrain and not a mountainous one. It should facilitate adventure sports and water sports activities and not a rough rocky terrain. These villas are especially found in North Goa. Please add on if you have some more information on the region..