Posh Areas in Goa: All You Need to Know

Goa, the 'Pearl of the Orient', ranks at the top in India's tourism sector. This smallest state of the country delivers stunning picturesque views and boasts the highest GDP per capita among all Indian states. Furthermore, the National Commission on Population rated Goa as the second-highest ranking state in India in the human development index for its quality lifestyle.

Therefore, Goa has a booming real estate market due to its high demand in tourism. The state's affluent agricultural landscape, rich culture, and diverse cuisine also attract investors. In this blog, you will learn about 10 lucrative posh areas in Goa that will foster your investment returns.

Top 10 Posh Areas in Goa

Porvorim

Porvorim offers a tranquil environment with hilly areas and the Mandovi River. It is a perfect place for those who want a blend of urban convenience and a suburban relaxed lifestyle. Furthermore, the locality offers great connectivity via NH66 and Atal Setu Bridge, which connect other parts of Goa, including Panaji. Dr Salim Ali Bird Sanctuary, Sinquerim Beach, Candolim Beach, etc., are some of the nearby tourist places of Porvorim.

Archizi Amara Living, Linc Viera, Linc Raghavan Green Valley, etc., are some of the top residential properties in Porvorim. The location offers residential construction at an average rate of Rs. 8,500 per sq ft.

Panjim

Panjim, also known as Panaji, is the capital of Goa and one of the administrative hubs of north Goa. Apart from various government buildings, Panjim also boasts some prestigious educational centres, including Don Bosco High School, Goa University, Goa College of Pharmacy, Goa College of Arts, and others. Moreover, this locality has good connectivity via Atal Setu, Kadamba Bus Station, and Karmali Station.

Panjim offers top-notch residential properties with an average price of Rs.11,700, including Pinto Rio Grande, Alcon Estrela II, Satt Skyline Harmony, and Anantara Elysian.

Calangute

Calangute, a well-known town on the Arabian Sea coast, is encircled by Baga, Saligao, and Nerul. This location is famous for water and beach sports, and tourist attractions are key to the presence of Calangute Beach, Baga Beach, Goa Beach, and Mandrem Beach. Alongside NH 66, Aguada Fort Road and Chogm Road handle connectivity with the other parts of Goa and smoothen the transportation for visitors.

Vida Goa Phase 2, Veera Savannah, and Sabh Casa Oceana are some of the new residential offerings in Calangute. The locality offers residential properties at an average rate of Rs. 8,800 per sq ft.

Candolim

Candolim, another posh area in Goa, extends from Aguada to Sinquerim. It retains its charms through tranquil, sunkissed beaches like Baga and Calangute beaches. Popular water activities, including Parasailing, Jet Skiing, and Dolphin Spotting, make the location more alive and a perfect second home destination. The location can also be accessed via channels like NH66, BT Road, and Pernem Railway Station.

Raichandani Botanica, Veera Prestige, Rio Royale, Sun Sol Saipem Quarry, etc., are some desired residential options in Candolim. The location charges an average price of Rs. 13,100 per sq ft for residential properties.

Arpora

Arpora is a famous residential area located in the heartland of north Goa. It has a perfect blend of busting markets and serene hilly areas. This locality is also near Baga and Calangute beaches. The location offers easy accessibility to the other parts of Goa via NH 66 and BT Road. The fussy Saturday Night Bazar and the relaxing Chapora River contrast the location and make it suitable for every kind of resident.

To enjoy the charm of Arpora, one can opt for residential options like Riviera The Lanai, Alcon The Emblem, and Sheraton Casa De Vida. The average price of a residential property in this location is Rs.19,800 per sq ft.

Vasco Da Gama

Vasco Da Gama is a residential and significant commercial centre in South Goa, which is the location of the Mormugao Port. It is a posh area in Goa due to acquiring renowned employment hubs like the nearby Goa Shipyard and industrial towns Verna and Sancoale. Also, the well-established municipal and social amenities are other reasons for considering the location as one of the valuable investing options in Goa. The location also serves various tourist places, including the Indian Naval Aviation Museum, Baina Beach, and Tilak Maidan Stadium.

Umiya Sundance, Kuber Sthira, Sunny Bay Residency, Prime Symphony, etc., are some of the best residential properties in Vasco Da Gama. This posh area in Goa offers residencies at an average price of Rs. 4,800 per sq ft.

Margao

Margao is a neighbourhood of South Goa, popularly known for its prestigious and well-established residential and commercial areas. Benaulim and Colva beaches are nearby tourist places that deliver a calming environment. This area is also well-connected via National Highway 66, which connects Margao to Udupi, Mangalore, Mumbai, Kumta, Karwar, and Bhatkal. Also, Swami Chinmayanand Road and Margao-Curtorim-Macasana Road are other linking ways of Marga to different parts of Goa.

Margaon serves numerous new residential developments, including Kayji Palladium, Maryjo Golden Skylight, Prabhudessai Mysa, Devashri Elanza 1, and Tridentia Panache. The area offers residential properties at an average price of Rs. 7,200 per sq ft.

Siolim

Siolim is a secluded village in Bardez and a typical Goan village for investing in villas and other luxurious residencies. With colonial-era residences in Siolim, one can experience the pure colonial essence. It is another peaceful posh area in Goa with a relaxing sidewalk along the Chapora River. St. Anthony's Church and Mapusa Market are two of the most important attractions in this place.

VPM Casa Suenos, Vianaar Villa Lluvia, MVR Casa Aurea, Vianaar Villa Moraira, etc., are alluring residential construction in Siolim. This posh location showcases its richness with an average price of Rs. 24,100 per sq ft for residential properties.

Assagao

Assagao carries various nicknames like the Land of Flowers, Goa's South Extension, Artist's Village, and The Beverly Hills of Goa. This beautiful village, surrounded by whitewashed churches, crumbling Portuguese mansions, and verdant fields and hills, is near nearby towns such as Mapusa, Parra, and Vagator. This location is also famous for being near popular recreational places like Saturday Night Market, Ciao Bella, Mapusa Market, and Morjim Beach.

Assagao boasts various luxurious developments, such as Vianaar La Delia, Vianaar La Massima, Vianaar La Cassinella, and Vianaar La Morella. Residential properties in Assagao are affordable, with an average price of Rs. 9,200 per sq ft.

Parra

Parra, a beautiful picturesque village in Goa, is bordered by neighbouring cities like Mapusa, Assagaon, and Vagator. This location delivers a peaceful nature and cultural delicacy. Furthermore, Parra is still famous for farming, where dotted terrain is covered with verdant paddy fields, coconut, and, more importantly, watermelon. Saturday Night Market, Thalassa, La Plage, Ashvem, and Morjim Beach are some of Parra's best nearby recreational destinations.

Vilmaris Sunridge and Ellora The Floretta are two new residential developments in Parra. The location charges between Rs. 13,100 to Rs.19,800 per sq ft for residential properties.

4 Things To Consider When Buying A Property In Posh Area In Goa

1: Location

Choosing the appropriate location is crucial while investing in a posh area in Goa. North Goa and South Goa are this location's two micro real estate markets. North zones like Panjim and Arpora deliver more richness with commercial developments, entertainment activities, and tourist attractions. At the same time, southern sections like Vasco Da Gama and Margao are more peaceful and beautiful environments with good rental and resale value.

2: Budget

Fixing a budget is another primary step to investing in any property. You must have a fixed budget to invest in a valuable property in Goa. You can opt for locations like Calangute, Candolim, Arpora, and Siolim if you have a higher budget. Conversely, areas like Vasco Da Gama, Margao, Assagao, and Porvorim are more affordable.

3: Rental Revenue

As a tourist destination, Goa provides boundless opportunities for investors to generate rental revenue. If you expect a passive income from the rental amount, you must consider the tourist locations. To get a timely cash flow from rental yield, one can opt for locations like Calangute, Candolim, Arpora, and Porvorim.

4: Property Background

Scrutinising the property and the developer before investing in a posh area in Goa is inevitable. You must ensure that your chosen property has a clear and marketable title. Also, you need to be involved in things like verification of ownership, encumbrance search, land use and conversion permissions, etc.

Conclusion

Top 10 Posh Areas in Goa

• Porvorim
• Panjim
• Calangute
• Candolim
• Arpora
• Vasco Da Gama
• Margao
• Siolim
• Assagao
• Parra

Things To Consider When Buying A Property In Posh Area In Goa

• Location
• Budget
• Rental Revenue
• Property Background