When you think of Goa, pleasant views of scenic beaches come to your mind. Along with the laid-back lifestyle and a booming tourism industry, the real estate sector in Goa looks in good shape. Particularly, the development of the Mopa airport (Manohar International Airport) has led to a surge in the demand for property in this area.
With the prices of property close to Mopa Airport on the rise, the real estate market in this region has undergone a transformation. It is emerging as a highly sought-after destination for luxury living. With plenty of investment opportunities and high-end developments, MOPA is currently one of the real estate hotspots in Goa. Investors and homeowners are looking to buy new properties close to Goa International Airport and benefit from the property value appreciation.
How is Mopa International Airport in Goa Transforming Real Estate?
The newly developed Mopa Airport in Goa has been phenomenal in transforming real estate in the region.
Exceptional Connectivity and Infrastructure
The newly inaugurated Goa International Airport has redefined connectivity for North Goa. Now, commuters find it easy to reach adjoining regions like Maharashtra Karnataka. This greenfield project has been developed by GGIAL (GMR Goa International Airport Limited) and has set the stage for a transformation in connectivity and infrastructure. This is one of the prime reasons for the rapid growth of real estate in the region.
Situated in Pernem, North Goa, the airport offers an excellent connectivity to popular beaches like Morjim, Arambol, and Vagator. All these beaches can be accessed easily as they are located in a range between 25 and 35 Km. Also, vibrant tourist hubs like Calangute and Anjuna are reachable in an hour.
Currently handling over 4.4 million passengers annually, the airport is projected to manage a staggering 13.1 million passengers by the final phase.
Of the allocated 2,133 acres, 232 acres are reserved for landside development. This includes convention centres, hotels, retail spaces, and entertainment zones, which offer a robust infrastructure to the residents. The superior connectivity around the MOPA Airport has been instrumental in boosting the real estate industry in Goa.
A Boom in Luxury Real Estate
The growth of real estate near Mopa Airport, property in Goa is marked by a boom in the luxury real estate sector. This area has emerged as a real estate hotspot, attracting renowned real estate developers who have been coming up with high-end projects. These properties cater to premium buyers interested in buying luxury real estate in Goa. Due to the proximity to the airport, MOPA has been witnessing the development of exclusive villas, integrated townships, and luxurious residential communities. Some of the esteemed real estate developers like the Lodha Group, the Prestige Group, and Yugen Infra are building large-scale townships with lush landscapes in this city. Therefore, residents can embrace a blissful lifestyle with a blend of nature and luxury as they embrace a modern lifestyle.
Rising Investment Potential
The demand for property close to Mopa Airport has witnessed a significant surge since the airport was developed. Key areas like Assagao, Anjuna, Siolim, and Porvorim have recorded exponential growth in price. This positions Mopa as an elite investment destination.
Property rates in areas like Assagao are currently as high as in premium cities. These prices are being driven by rising interest from HNIs and investors.
Real estate brokers state that the enhanced connectivity in Goa has been attracting buyers from different parts of India and abroad. Even Sindhudurg in Maharashtra has seen a 30-40% hike in property prices. It has emerged as a popular place for buying a second-home and hosts a strong hospitality market.
With real estate prices on the rise, this would be the right time to buy a property in Goa.
Upcoming Projects
In an effort to further develop the infrastructure in the region, the government of Goa has announced a series of ambitious projects. These include an international cricket stadium, a world-class film city, and different entertainment zones. Besides adding to the quality of lifestyle for the residents in this area, these projects will attract tourists and generate employment opportunities.
Apart from the growth of real estate near Mopa Airport, the area has also witnessed the development of industries like retail and hospitality. Areas around the airport will house several luxury hotels, retail centers, and convention facilities.
Blend Perfect of Lifestyle and Luxury
The development of the Mopa International Airport presents a perfectly balanced lifestyle to those looking for an aristocratic lifestyle. One can seamlessly get across to scenic beaches like Morjim, Arambol, and Vagator. You can enjoy the flavor of a coastal lifestyle in these beaches.
Also, you can access vibrant hubs like Anjuna, Baga, and Calangute that are known for their nightlife.
Conclusion
Whether you are looking for a premium home, a second home to spend your vacations, or a land for sale in Goa buying a property herewill be a profitable investment. The area offers convenience and comfort, and investing in real estate promises impressive returns.
For investors, buying a property in this region will be a strategic decision. Check out the new projects in Goa and invest in these properties.