Linc Property

Why Porvorim Is An Upcoming Area For Real Estate Investment In Goa?

March 8, 2023

Homebuyers evaluate many factors before settling on a location to buy their dream home in Goa. When choosing a location to buy a home in Goa, prospective home buyers are left to choose between buying a home in a city, in a village, or in a suburban location. A wholesome life can be experienced in a true sense in a suburban location in Goa. The reasons are, Goa’s villages may be a bit too secluded and quiet and the cities may be overcrowded. Hence suburban locations like Porvorim in north Goa make a perfect location to invest in a home built by the best real estate developers in Goa

Porvorim is hitting all the right spots as Goa’s most sought-after real estate destination. It is located a couple of kilometers from the Panjim, the capital city of Goa. The most reputed builders in Goa are all looking towards Porvorim as an attractive destination to build some of the best residential projects in GoaLet’s dive deeper and see what makes Porvorim best suited to real estate development.

 

  • Infrastructural well-developed – When it comes to infrastructural development, Porvorim has it all. There has been massive development and construction of shopping, dining, and entertainment spaces in Porvorim. Take for example Mall De Goa which is Goa’s biggest mall located in Porvorim. When a town hosts such infrastructure it is natural to see housing development all within and around it. It is also well connected by road and built around the national highways. It is located close to educational and health institutions which also contributes to the importance of Porvorim as a real estate hub in Goa.

 

  • Topography and landscape – Porvorim is very inhabitable for a comfortable living thanks to its topography. The scenic landscapes that are available in Socorro and Salvador Do Mundo in Porvorim are simply gorgeous with amazing views. These locations are filled with natural beauty and fresh air thereby enhancing the quality of living. After all, living in homes with great views and a natural environment across the project is what people seek.

 

  • Affordable property rates and evaluation – Real estate in Goa is cheap by no means. Homebuyers have to shell out pretty much to get their hands on projects by real estate developers in Goa. However, if you do the comparison Porvorim offers investors a better value for money as it is located on the outskirts of Panjim so property rates are a bit cheaper. This is an important consideration for people planning their budget for a home in Goa.

 

  • Rent back facilities – If you’ve invested in a second home in Porvorim Goa you’ll be in for a treat as Porvorim will fetch you a decent rental income. With Goa developing at a high pace there has been a tremendous influx of workforce from the neighboring states in India. A large amount of them seeks to pick up apartments for rent especially in Porvorim since it is located so close to Panjim. Buying apartments for sale in Porvorim Goa and then renting them out will offer you some great returns on investment.

 

  • Connectivity to prime locations in Goa – Porvorim is well placed in North Goa and is located pretty close to Panjim and Mapusa which are Goa’s most happening cities. It is also very close to the famous tourist destinations of Calangute, Candolim, Baga, and Anjuna. The public transportation in Porvorim is excellent and makes it convenient for residents to travel to all these places. 

 

Goa has always been a favorite location for travelers of all age groups, but post-pandemic Goa also witnessed a rise among remote professionals. People across professions like filmmakers, actors, and business people find the quiet corners simply perfect to dwell in. This has led to an exponential boost in the pre-existing demand for real estate investment in Goa. The state’s scenic beauty makes Goa a preferred destination for second homes, with a big investment in vacation or post-retirement homes.

 

Owning apartments for sale in Porvorim Goa keeps you very well placed in Goa’s fun corners. It is also perfect since all essential services are easily accessible to you or your family. The Goa Medical College, the Mapusa Sub-District Hospital, and other private hospitals are all within the range of a 30-minute drive, so you can enjoy great healthcare even if there is an emergency. Porvorim is less than an hour’s drive from both the old Dabolim Airport and the recently commenced Mopa International Airport making accessibility to them convenient. 

The current real estate trend is boosting mid to luxury realty as builders are concentrating on various residential segments that cater to the requirement of buyers in Goa. Buyers from metros in India who once considered Goa as a holiday destination are now investing in their residences here. This has given rise to so many residential projects in Goa that are on sale, especially in Porvorim