Candolim and Calangute mark themselves as two of the most sought-after destinations in the sunshine state of Goa. It is home to golden sandy shimmering beaches lined with swaying palms and beautiful tropical flora that contributes to its postcard-perfect appeal. These north Goan towns boast a vibrant, dynamic and blended Indo-Portuguese culture and have all the civic amenities that a sophisticated residential area expects. There are several reasons why Candolim and Calangute are often deemed some of the best places in Goa to invest in real estate. In this blog, let’s dive into the top five compelling reasons to consider investing in Candolim and Calangute real estate.
Tourism Hotspot
Both Candolim and Calangute are tourism hotspots in North Goa. During peak season (November to March), many local and international tourists flock to Goa. These towns have various clubs, themed cafes, restaurants, hotels and resorts, making it an attractive tourist destination. While a hotel or resort stay may remain the traditional choice for some, comfortable homestays and villa stays are gaining much traction. Investing in real estate can offer opportunities to rent your properties to tourists during peak tourist season, which will fetch higher returns.
Capital Appreciation
With infrastructure projects such as National Highway 66 (Mumbai-Goa Highway) in progress and the establishment of MOPA airport, Goa has seen a steep rise in property value. Calangute and Cadolim, two of the best locations in Goa, are also witnessing heavy investments in its real estate. As the area continues to grow and expand, the value of real estate, especially luxury villas in Calangute and Candolim, will offer investors long-term capital appreciation.
Suggested Read: MOPA Airport and its Impact on Goan Properties
Diverse Investment Opportunities
Calangute and Candolim offer property investors diverse real estate opportunities. Due to their popularity, both these north Goan towns boast various properties catering to diverse customer segments and income groups. An investor can find every type of property, from 1/2/3 BHK flats to premium apartments in gated communities to private luxury villas with swimming pools and car parking in close proximity to the beaches.
Quality Lifestyle
Candolim and Calangute are excellent places for investment and where one can enjoy a high quality of life. This North Goan town, a preferred region, offers remarkable facilities like hotels and access to North Goa’s popular areas, markets, and exclusive clubs. This area is a thriving destination for investors who can invest and lead a quality lifestyle.
Robust Rental Income
Candolim and Calangute, the remarkable Goan towns, receive considerable tourist and expat footfall throughout the year. There is always a demand for rental spaces and vacation homes among tourists and expats, which can generate stable rental returns. This demand offers property investors a reliable secondary income source. To provide a rough estimate, renting out a luxurious villa during peak tourist season can fetch you a rental income from INR 30,000 to INR 60,000 per night*.
*Please note that the rental income range mentioned above is incredibly general and can fluctuate depending on diverse variables.
Suggested Read: Potential rental income of a villa in North Goa
Overall, Candolim and Calangute are promising and lucrative places to invest in real estate, especially luxury real estate like Veera Savannah present in Calangute. This luxury property is a 5-bedroom villa with dedicated parking space, a private pool, security, and a terrace bar. Explore luxurious living with Veera Developers Group and experience the unmatched sophistication and amenities Candolim and Calangute offers.