Investors Are Parking Their Funds With An Investment In Goa

There is more to Goa than just the idyllic beaches

. For instance, this little state is witnessing fervent industrial development that generates multiple jobs. At the same time, the government has initiated a number of policy changes that have encouraged investors from other states, as well as other countries to bring in funds here. Thus, an investment in Goa has turned to be a lucrative option in the last 5-6 years.

Goa is a small state in western India, and is nestled between two wealthy states of Maharashtra and Karnataka. The state of Goa can be easily reached via a dense road network that has been thoughtfully developed and expanded over the last decade. In addition, Goa has excellent air connectivity from other major Indian cities. This airport is also connected to several international cities. The state is naturally endowed with inland water transportation routes leading to a thriving water transport business.

Of course, the most important factor here is that Goa thrives on tourism. This state witnesses nearly 3 million tourists every year, and this number continues to grow with every passing year. The tourism industry has led to the proliferation of restaurants, resorts, retail outlets, and other services that appeal to tourists. Many people also prefer to invest in Goa if they are looking for a holiday home.

According to the Goa Industrial Development Corporation, the state is poised to witness major investment inflow in the years to come. Here are some facts about Goa that have helped property in Goa appreciate at a very rapid pace:

Goa has one of the highest per capita incomes in the country. Thus, this indicates that since poverty is comparatively low in Goa, poverty-associated issues are automatically low. Goa also has a low crime rate as compared to other Indian cities.

It has one of the lowest birth rates in the country. Since population is under control, the government can manage natural as well as manmade resources in a much more effective manner. This also means that there is scope for skilled workers from other parts of India and the world to come and contribute towards the development of Goa. Such people have access to ample high-end properties if they plan to invest in Goa.

There are several industry-friendly policies that have been initiated by the government. Thus, there is immense scope for setting up different types of industries right from organic farming to manufacturing to exports. Investment in Goa is a wise decision for both, residential and commercial property.

Since the last decade or so, the development of the Konkan railway network has significantly enhanced access to Goa. This has given a clear impetus to the service sector as well as the industrial sector. It has widened the scope of the travel industry in an unprecedented manner. Naturally, property in Goa has appreciated as a result. Considering this aspect, there are several reputable real estate developers that have built luxurious residential and commercial projects as an investment in Goa.

by: Sachin Kshirsagar

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