WHY YOU SHOULD INVEST IN GOA

The ever-growing population and the rapid, unplanned urbanisation of Indian cities have pushed buyers and investors to reconsider their options with homes which are away from the humdrum of the city, surrounded by nature and also offer high returns.

This has led to Goa becoming one of India’s most sought after destinations for owning a second home, by Indians as well as foreigners. It’s beautiful beaches, relaxed and laidback lifestyle, lush greenery, booming tourism industry and a diverse and friendly population are driving forces in attracting investment to its real estate industry.

Emerging start-up culture

Apart from its thriving tourism sector which contributes largely to its robust economy and provides employment to a large population, Goa also hosts several prestigious educational institutions. Moreover, with the launch of the ‘Goa Start-up Policy’, there have been multiple start-ups that have chosen to set up their office in Goa. This initiative by the government aims to make Goa one of the most preferred start-up destinations of India and make it feature in the top 25 start-up destinations in Asia by 2025.

A major attraction for NRIs

Other than the real estate market in Bengaluru, Pune and Mumbai, there has been an upward trend of NRIs investing in properties in Goa as well. There are a couple of key reasons why Goa is such a lucrative investment destination among NRIs. Considering its thriving tourism industry, NRIs feel that an investment here is bound to bring in great returns and secondly, purchasing a home in Goa makes for a wonderful private holiday retreat for their family when they visit India. NRIs who invest in real estate in Goa initially expect an average return of 7% – 8% annually, while the actual return on investment is as high as 18% – 22% according to a study conducted by Proptiger.

Shifting trends in tourism

Every year, Goa witnesses millions of tourists not only from India but from across the world and during the peak season, there is always a shortage of hotels to accommodate the tourists. Furthermore, there has also been a sharp change in the way people vacation with the emergence of Airbnb and an increasing number of tourists preferring the experience of independent rental homes or homestays instead of hotels. For those looking to invest in a holiday home in Goa, this shifting trend provides them with a great opportunity to turn their holiday home into an additional source of income when they are not living in it.

Comments

BRIKitt Stays Booking FAQ's

HOW MUCH TIME WILL I HAVE IN MY HOME EACH YEAR? Your access depends on the number of BRIKs you own. Each BRIKs includes 30 stay nights, and they are tracked on a 365-day basis. For example, if your ownership anniversary date is October 20, 2020, we’d count the total number of stayed nights between October 21, 2020, and October 20, 2021. WHAT IF I WANT TO ENJOY MORE STAYS IN MY HOME? As a benefit to owners, you are invited to enjoy stay nights that exceed your annual stay night threshold of 30 nights, pending home availability. A modest nightly operating fee is assessed to cover operating and ownership costs. The fee is used to offset costs for other owners, and there is no markup added. Owners will find rates to be dramatically less than booking a similar, non-Brikitt home. HOW DOES THE BOOKING APP WORK? The BRIK Owners app is powered by our AI based smart booking system. It’s easy to use and equitable for owners based on their number of BRIKs owned. The app displays real-time availabi

How BRIKitt can unlock your financial freedom through Wealth Creating Assets

At some point of time we all want to be financially free and live a dream life with our loved ones as our own term without a day to day struggle and hassle but eventually only 1% of us only able to achieve financial freedom. Have you ever wondered why? To be financially free in today's world one needs to have a minimum of 7 streams of Income and most of them has to be passive. But most of us has a very little or no knowledge of what passive income actually is and how to create wealth with it. With a decade of experience and Research BRIKitt has created a tool through which you can generate multiple passive incomes and upgrade your living standards at the same time. BRIKitt PHILOSOPHY After years of research and studying different financials models all across the globe and observing evolution of world economics we have created a tried and tested tool which can fulfill all your dreams and desires with just an easy and simple way through an asset class which is only and only affordabl

Why Fractional Ownership is better than Owning a whole Vacation Home

Fractional ownership An introduction As we all know, fractional ownership as a concept is developing fast these days and emerging as a popular investment option in India. It is primarily because of the dual advantage it provides i.e rental income and capital appreciation. It is considered to be quite an affordable way to make property investments. It also provides a unique opportunity for the investors to come together and combine their resources to collectively own a high-value property. Fractional ownership pros and cons can help you understand the concept in more detail and how it is changing the whole real estate scenario. Is Fractional ownership a good investment In fractional ownership, you can own a share of the real estate and are issued the deed for the property, but not a time that you can use the home. This keeps the cost relatively low compared to whole ownership and you still have access to the home if you are satisfied. With fractional ownership, your share of the real e

MONEY BRICKS

Search This Blog