The MOPA Airport in Goa,which was inaugurated in recent years, has given a significant boost to the real estate industry. Interestingly, this airport has been one of the most advanced infrastructure projects in India. The airport is rapidly transforming the surrounding areas into thriving economic and residential hubs.
The strategic connectivity of the Mopa International Airport to other parts of the city has led to a spike in property values. Early investors can capitalize on the opportunities and benefit from the property value appreciation.
Read on to know why investors must purchase property in Goa close to the Goa International Airport.
Top Reasons to Buy Property in Goa near MOPA airport?
Here are five reasons why investors are looking to buy properties near Mopa International Airport in Goa.
1. Strategic Location with World-Class Connectivity
MOPA International Airport has been strategically developed in Goa to boost connectivity to the major cities. Located in North Goa, the airport not only serves the local region, but also Maharashtra and Karnataka. This significantly enhances the connectivity between the area, besides enhancing its economic significance.
The proximity to major highways like the NH-66 connects Goa to Mumbai and Kerala. This robust transport network ensures seamless travel for tourists and professionals. Some of the areas located close by, such as Pernem, Siolim, Mapusa, and Porvorim are already benefitting from the superior accessibility. This attracts real estate developers, and buyers have been looking to invest in such properties.
Once fully completed, the airport will be able to handle more than 13 million passengers annually. This further cements its role as a gateway to tourism and business in Goa. The massive influx of travelers boosts the demand for residential and commercial properties.
2. Economic and Infrastructure Development
The development of the MOPA Airport in North Goa has led to a wave of economic and infrastructural projects. It serves as a catalyst for creating jobs, expanding business, and upgrading connectivity. Naturally, the demand for real estate near Mopa Airport keeps increasing.
Some of the key developments around the airport include:
• Logistics parks to handle cargo and transport operations
• Commercial hubs attracting MNCs and retail businesses
• Five-star hotels and luxury resorts
• Entertainment and industrial zones
These large-scale projects are creating a vibrant economic ecosystem that is likely to fuel long-term demand for residential and commercial spaces. Investors are looking for modern apartments, commercial spaces, and luxury villas for vacation.
3. Rising Property Values
Investing in properties near infrastructure developments like MOPA Airport is a proven strategy for capital appreciation. Areas surrounding the airport, including Pernem, Mandrem, and Morjim, are witnessing rising demand for properties. Thus, buying a new property near Mopa Airport will be a strategic decision.
In the coming years, the region is likely to further develop into a hub for residential and business centres. Property prices are expected to escalate further. This upward trend makes it a prime location for investors willing to maximize returns.
4. Boost in Tourism Drives Property Demand
Goa has traditionally been noted for its thriving tourism industry. It attracts millions of visitors every year. The launch of the Mopa International Airport significantly improved its connectivity, making it easier for domestic and international tourists to visit. Naturally, the region has witnessed a surge in tourist footfall, further increasing the demand for short and long-term accommodations.
Investors must book their properties early to benefit from property value appreciation and stream in a steady income. You can use your property near the airport as:
• Vacation homes
• Short-term rental apartments
• Luxury villas that attract high-paying tourists
The booming tourism industry in Goa ensures high occupancy rates for rental properties. Thus, investors can put these properties on rent to earn lucrative returns.
5. Superior Lifestyle
Areas close to the Goa International Airport promise a superior quality of lifestyle. With modern infrastructure and the natural beauty of Goa, you will enjoy an elevated standard of living. One can quickly reach the pristine beaches around, while cherishing their time amidst the lush landscapes.
North Goa has always been a sought-after destination for both tourists and homeowners. With the new airport further fuelling development, the region is emerging as a prime hub for investors looking for an aristocratic lifestyle.
The key benefits of investing in properties near MOPA Airport are:
• Modern infrastructure with access to schools, hospitals, and shopping centers
• Proximity to beaches like Ashwem, Morjim, and Mandrem
• Growing residential communities
• Ideal second-home destination
Whether you’re looking for a holiday home, an investment property, or a place to settle down, the MOPA Airport region provides opportunities for long-term growth, superior living standards, and a thriving real estate market.
Conclusion
The development of MOPA International Airport has positioned North Goa as a great place to invest in real estate. If you are willing to buy a new property in Goa, this will be the perfect time to invest. With world-class connectivity and booming tourism, property values are on the rise. The coming years are likely to bring about further transformation in the property market in Goa. Invest in real estate near Mopa Airport to benefit from the higher returns while enhancing your quality of living.