Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • Marengo CIMS Hospital for the first time in Gujarat launches the Strokologist Program as a knowledge sharing initiative with 45 clinical physicians to create an optimised level of stroke care in a network of doctors’ community Business
  • Chipmunk Launches on Nykaa: A Milestone Achievement for India’s Gentle Makeup Brand Business
  • Nix Study Abroad Expands Horizons with the Inauguration of its Corporate Office in Greater Noida Education
  • 12th Edition India Art Festival Returns with a Spectacular Showcase of Creativity from Feb 8-11 Lifestyle
  • Marigold Aviation announces partnership with IndiGo for Cadet Pilot Program Business
  • Narayana Group’s Puneet Kothapa honoured with Fortune India’s 40 Under 40 Award Lifestyle
  • The Big Fashion Drop: Hyprcom’s Biggest Sales Event from September 15 to 30 – Enjoy up to 60% Off! Business
  • Dr. Neha Patel from Gujarat, Winner of Glamorous People’s Choice at The International Glamour Project Mrs. India 2023 chosen to represent India at Mrs. World Universal 2023 in Hawaii, USA Business

High rental yield makes Goa the most preferred destination for a Second home: Savills India

Posted on November 8, 2022 By

Goa (India), November 8: According to international real estate consultant Savills, Goa has become a favourite location for people looking to purchase a second home because of its high rental yields. The report also adds that this rental yield ranges from 4 to 10%. Goa is known for its pristine beaches, party vibe, nightlife, local markets and food.

While many are drawn to Goa for these reasons, there are others who are now flocking to the state seeking tranquillity and peace. The villages of Goasuch as Assagao, Siolim, Saligao, and the river islands like Diwar and Chandor offer plenty of choices for these homebuyers.

Aditya Kushwaha, CEO and Director of Axis Ecorp, says, “Goa’s real estate market has been on a fast track in the post-pandemic phase. The state’s rich culture, beaches, architecture and natural beauty make it a top choice for buyers looking for a second home. Holiday homes and villas have been one of the major drivers for this growth momentum. The recent work-from-anywhere scenario has further increased the popularity of Goa as a realty destination. A fresh spike in real estate prices is expected shortly as the Goa International airport is nearing completion.”

Shveta Jain, managing director of Residential Services, Savills India, says, “Goa has piqued the homebuyers’ interest even before the pandemic. Goa’s serene charm has attracted many investors looking to buy second homes or holiday homes as they generate good rentals.”

There are several belts in Goa that have witnessed a surge in demand. North Goa’s coastal belt spanning Candolim to Vagator continues to be a hot favourite amongst homebuyers.

The Porvorim, Parra, Assagaon, Saligao, Anjuna, and Siolim districts have seen an increase in demand for independent residences and rented villas in gated communities, according to the report. Depending on the size of the room and the number of villas, the costs per night range from Rs 15,000 to Rs 100,000.

Industrialists, Business honchos and new-age entrepreneurs have been eyeing the high-end luxury properties and villas in the region. Apart from this, there is also increased interest from the NRI community. The upcoming International MOPA airport is also adding to Goa’s charm.

The nearby areas are also experiencing the ripple effect of the current boom and infrastructure development. Sindhudurg, situated on the Maharashtra-Goa border, has also been experiencing a spurt in demand. The rental yields in this region have appreciated in the last few months.

“Not just Goa, the prices in the nearby areas are also soaring. Sindhudurg has also emerged as a sought-after second home and nature resort destination. The average property prices in the past four years in Sindhudurg have grown at a CAGR of 6.8%, and it is expected to increase by 25-30% once the airport gets operational,” adds Kushwaha.

Axis Ecorp is betting big on Sindhudurg and has several big-ticket projects in the region, including Axis Blues, Axis Yog Villas and Axis Lake City. The company is also planning to launch new projects in the area soon.

People’s need for quality air, water, food, and proximity to a cross-cultural environment has driven them towards Goa and Sindhudurg. Real estate developers are also capitalising on the growing market. The asking price for a villa in gated communities ranges from Rs 3 crore to Rs 12 crore. The rate varies based on the plot size, amenities offered and the number of rooms.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Business Tags:Business

Post navigation

Previous Post: City to witness green planet run for environmental sustainability on November 13
Next Post: The Centrum powered ‘Lucknow Run’ Half Marathon 2022 marked with Two Thousand Runners – Sarvesh Goel

Related Posts

  • MY FAV BAG WALA: Crafting Personalised Bags with a Purpose in India Business
  • Palladium Ahmedabad offers Varieties of cuisines with an unforgettable experience Business
  • ITC Sunfeast Baked Creations Unveils First Bakery Cafe in Bangalore Business
  • Block Beats Company Now Launching BITICA BlockChain World Wide On 14th January, 2022 Business
  • The beginning of a new era in Real Estate Marketing Business
  • Refrain from Overpackaging When it Comes to Your Products Business

Recent Posts

  • AM/NS India Launches India’s First CGL to Produce Ultra-High Strength Steel for Automotive Sector
  • PhantomFX Raises INR 59.99 Crore Through QIP to Accelerate Global Growth & Enhance Creative Excellence
  • Rorr EZ Now on Amazon as Oben Electric Expands Digital EV Sales Strategy
  • Map My Tour Launches India’s First Fully-Automated, AI-Powered Travel Planning Platform
  • India Cabinet Greenlights Big Moves: 100 Agri-Districts, ₹27,000 Cr in Renewables, and More

Recent Comments

  • Unknown on Participants Reap Rewards in Wellman’s 8-Week Digital Campaign: IPL Tickets, Autographed Virat Kohli Merchandise, and More!
  • Bharat Vikas Parishad Joins Forces with Kamala Trust to Combat Anemia, invites Ms. Nidarshana Gowani as Chief Guest Business
  • Vishwa Samudra Group Named Among ET Now’s “Best Organisations to Work 2025” Business
  • Rama Telecom Limited IPO Opens on June 25, 2025 Business
  • TM Systems is now Microsoft’s direct Cloud Solution Partner for EU, UK Business
  • Upcopy.ai Writing Assistant and Finland Based XAMK University’s Online Learning Platform Edufication Join Forces to Empower Global ESL Writers to Unlock Their Writing Potential Business
  • Mumbai Based Ed-Tech Startup Celebrates a Year of Success Press Release
  • Super 30 Founder Anand Kumar to Mentor Project Mission Kamyab in Gujarat Education
  • Strategic Shift to Secure Malaysia’s Palm Oil Industry Business

Copyright © 2025 Daily News India.

Powered by PressBook News WordPress theme