Commercial Real Estate Investments in Goa

Commercial Real Estate Investments in Goa

If you are someone interested in buying a property in Goa, then you have hit the right place. Goa is growing by leaps and bounds. There is no other location other than Goa, which can describe the boom and blast of the investment. The area is developing rapidly with steady growth and is also benefiting people who have invested in this region. You can follow this guide, which will surely help you to go ahead with your decision to buy a commercial property in Goa.

If you are planning for commercial investment in Goa, there are few things one must understand and also take care of before investing in any property. Goa is a state with modern infrastructure and excellent benefits. Due to this, people intend to invest in a property in Goa. Hence, if you are planning or investment, then you are on the right track. However, there are a few things you need to know before buying any property. Read on to find which are those things.

Search for the most suitable properties

You will find many places wherein the plots are for sale. But, you should understand your requirement and make a choice accordingly. You need to select a location first and check for properties in that particular location. Then, cull the list further depending upon your exact requirements. This will help you to find the properties that suit your requirements the best.

Do Your Due Diligence

See that the developer owns the title of the property. With ownership, the developer has the right to sell the property. If you find any plots in commercial property in Goa, see to that you find out proper details about the safety and the occupancy certificates. Also, it is always better to choose a lawyer who is specialized in real estate to check the agreement and also handles all the other aspects of your purchase.

Other things to consider:

Before signing the document, you need to know the below mentioned items.

  • See to that the development of the property is as per the plan.
  • Get no-objection certificates from the water department, electricity, and the land ceiling department.
  • See that no legal encumbrances are related to the property.
  • Approval of property loan.

Benefits of buying a commercial property in Goa

  • Highest return amount
  • Land appreciation
  • Assured rental
  • Great investment option

This guide will surely help you to make a proper purchase if followed carefully. Once you get the possession, see to that you register the sales deed. Few things one must consider when looking to invest in any commercial property in Goa are mentioned above. If you choose wisely, you can rest assured knowing that you have made the right decision in property investment. Keep this all in mind when looking for the best property in Goa.

Check out some of our properties listed on www.citihomesgoa.com and villas listed on www.hotgoavillas.com

Have You Considered These Important Factors When Looking for a House?

Have You Considered These Important Factors When Looking for a House?

Purchasing a “Dream House” is one of those achievements which is in the bucket list of all.

Whether you’re looking for a modernized urban loft or a spacious suburban home, most of us are looking to find a house that looks like it was designed especially for our family.

Nonetheless, it comes with different requirements to hunt for your dream home than any other real estate purchase. Whilst the total number of rooms, state of the kitchen and the size of the yard are some of the crucial factors before you make an offer, there are other things to think about. Take these factors into account.

Fix a budget

Before you step into buying a property, analyze whether the property is within your budget. One must also ask for the closing cost of the ownership to the builder. Purchasing a house involves taking a good amount of loan, accompanied by the monthly installments from your income; hence you need to be careful.

Check the agreement carefully. The Agreement includes the cost of utilities like electricity, water, parking space, and other taxes. Ask the builder about the possession date.

Check for your Neighborhood

Whenever you plan to buy a house for your family, it is always essential choosing a place which has a healthy surrounding. The buyer should inquire about the neighborhood. You need to also look for facilities like parks, walking trails for your children. Check whether the property is in a safe area to ensure the safety of your dear ones. Also, see to that various educational institutions and hospitals are in near vicinity.

Availability of Loan

In most of the cases, the investors face few financial issues in finding the craved property. You need to create a list of banks those finance the project. Many finance institutions and banks tend to deny loan for builders having bad reputation. Hence it is crucial to check which banks are ready to fund the projects you are looking to invest.

Age of the Property

Check for the leakage in the plumbing system, the functioning of the electrical system. See to that you inspect the property before finalizing to buy it. See to its maintenance and renovations before you sign the agreement. You need to also check for the total cost of fixing the cracks or the renovation work you would do after purchasing the property.

Other things to consider

  • Have a clear idea about the amenities you need.
  • Do proper research before buying a property.
  • Also, ensure that there are no legal issues attached to the property.
  • Don’t fall for dodgy schemes.

Wrapping Up

Have a clear idea about the amenities you need. Also, try to avail the maximum facilities provided by the builder. Buying a property involves much more research and investment, so before you finalize the property, have detailed information about the property. If you wish to buy a luxurious house, then you can ask for amenities like indoor and outdoor play areas, a multipurpose hall, a coffee shop, or a mini theater. There are vast numbers of property dealers whom you can contact for buying a property. Follow this guide carefully and make the daunting task of buying the property easy.

Check out some of our properties in Goa listed on www.citihomesgoa.com and villas listed on www.hotgoavillas.com

Types of properties to invest in Goa.

Types of properties to invest in Goa.

Goa real estate includes houses, apartments, and luxury villas in the North and South Goa There is growing interest for real estate properties in Goa, with Indians from all over the country, NRIs (Non-Resident Indians), PIOs (People of Indian Origin), and even foreigners planning to invest in Goan properties.Goa has a great deal of potential in properties. When it comes to investing, North Goa is more of an investment market while South Goa is slightly more affordable. If you are looking to buy a property as an investment than North Goa is the Ideal choice as it offers better rental and resale value. North Goa is popular with tourists and is better developed, it offers better returns when the property is sold or rented out.

 

TYPES OF PROPERTIES AVAILABLE IN GOA

Luxury villas- Owning a beautiful and luxurious home will always be a source of prestige and pride. After all, your home is a reflection of you. Buying a villa In Goa is always beneficial. You will get your own private pool in some of them terrace, manicured lawns and immense space, experience luxury living right at home. The resale value of a villa is much better. The land alone will add to the value and when you add the house, you can actually make much more than you had invested.

Portuguese properties- Houses from the Portuguese era excite buyers from around the country, these mansions or bungalows or villas from the Portuguese era are unique to the state and make a very important aspect on the culture of Goa. Owning a home with a historical past will always be a source of pride. The resale value of a Portuguese house is much better with buyers waiting to grab the opportunity of owning Portuguese properties in Goa.

Premium Apartments- Premium apartments offers many more advantages. Premium apartments are one of the best investments you can make and get higher rental and resale value. It is characterized by its spaciousness and opulent levels of comfort.

Sea view Apartments- Investing in a Sea view / River view / Field View  apartments is one of the best investment strategies for investors. The view from the apartment is something that not all people get to experience. The spectacular view surely brings a soulful rhythm to people’s mind and body. The resale value of a sea view apartment compared to other apartments is always better.

Plots/Lands- When you invest in a plot you get to choose as to how you want to build your house. You are your own designer and architect as you can infuse your personality into your home. The value of a plot is likely to increase faster and also within a short span of time. A plot will not decay ever. A building not constructed properly may decay and depreciate in value, but the value of the plot will only appreciate.

Budget Apartments- As per the limited investment, the buyer should consider to buy budget homes/apartment near to Cities belt and upcoming areas where they can cash in more resale value and enjoy the house to live in.

Citihomes Realty Goa helps clients to invest in the best properties, villas or plots in Goa according to their clients’ needs and preferences. Citihomes Team provide you end to end solution for your needs before sales and post sales i.e terms of documentation work, registration, helping in setting up the things in short time to live in. They have the maximum property database in Goa for comparison. More than 1000 properties are listed for sale/purchase on their web portals www.citihomesgoa.com and villas listed on www.hotgoavillas.com . They also provide expertise assistance while making any kind of property investment.

8 Tips for investing in a property in Goa

8 Tips for investing in a property in Goa

Goa is a province in India located on the Western coast of the country. The former Portuguese colony is proving a warm favourite for both tourists and real estate investors. Goa has been rated as one of India’s best states to live in. The state has a lower population density, peaceful social and political climate, low crime-rate and good infrastructure.

Some of the interesting areas to invest in North Goa are Panaji, Dona Paula, Kadamba Plateau, Porvorim, Nerul, Candolim, Calangute, Anjuna, Vagator, Assagao and Morjim, Moira, Aldona etc. In South Goa, one can invest in Margao, Colva, Varca, Palolem etc.. A near to beachside property anywhere is globally renowned to command premium rates due to its prime location as it involves a lot of commercial activities.

While investing in any property one must do a through research. Some investors/buyers may want to buy a property to use as a holiday home, others may choose to live in the home. Investing in real estate can be a great way to create wealth, but there are some golden rules to consider before diving into property investment.

  1. 1) Buy in a growth area

    Buying for Holiday Homes then the buyer should prefer near coastal belt to have a feel of being close to nature and slightly far away from major development and at the same time few minutes driving distance from the beach. Even home can be run a holiday homes and earn higher rental income and higher resale value. Buying in Cities and nearby then the buyer should consider the easy access to the school, hospitals, transport etc to live in. Resale value of the home will be higher. North Goa is an ideal place to buy investment properties.

  2. 2) Know your budget

    Before investing in property it’s vital to have a through understanding of your cash flow. Also, ask your bank for a pre-approval of your investment loan, so you know how much you’re able to borrow before you start hunting for properties in Goa.

  3. 3) Focus on Your Return on Investment

    Invest in an area that will get a high return on investment. To obtain the highest return on investment (ROI), you will need to know the area and what houses are selling for in the neighbourhood.

  4. 4) Understand the Goan real-estate market

    Consider what other properties are available in the immediate area and speak to your real estate agent. They’ll let you know if one side of a street is considered superior to the other. Make sure you do the leg work and consult professionals you can trust. It is also a good idea to find out what changes may be happening in your city.

  5. 5) Pick the right type of mortgage to suit you

    There are many options when it comes to financing your investment property, so get sound advice in this area as it can make a big difference to your financial well-being.

  6. 6) Check the age and condition of the property and facilities

    Even with negative gearing, needing to replace the roof or hot water service in the first few months of ownership could make significant difference to your profits. It is therefore advisable to engage a professional building inspector before you purchase to conduct a thorough inspection of the property to find any potential problems.

  7. 7) Take a long-term view and manage your risks

    Properties are a long-term investment and you should not rely on property prices rising straight away. The longer you can afford to commit to a property the better and as you build up equity then you can consider purchasing a second investment property.

  8. 8) Find a good realtor and let them to do their job

    A licenced real estate agent that is professional in its field, and its job will keep things in order for you. They can help you with ongoing advice and help you manage your tenants and get you the best possible value from your property, a good agent will let you know when you should review rents and when you shouldn’t.

Citihomes Realty is a RERA registered real estate company in Goa with over 1200 properties listed for sale/purchase on their web portals www.citihomesgoa.com helping you find the right property to buy, sell, rent and invest in.

Why invest for a Luxury Villa in Goa???

Why invest for a Luxury Villa in Goa???

Goa, is every traveller’s paradise!

It’s a mix of luxury & peaceful lifestyle. The perfect get away place to rediscover yourself far away from the hectic lifestyle of a modern metropolitan city.
You can literally soak up the sun on the beach, all day long because any beach is only a short drive away. This makes Goa the perfect destination for a vacation home.

There’s no place in India better than Goa for your perfect dream villa. It has everything, beautiful beaches, breath-taking locations, great people, awesome sea food and the best party scene in the India. This makes it a wonderful travel destination and a perfect place for your destination home.

Reasons why you should invest in luxury villas in Goa

  • Goa is a popular holiday destination and this has led to increase in demand of Goa real estate in recent times and the purchase of commercial and residential Goa properties have increased over the years. Even when compared to metro cities like Mumbai and Delhi, property rates in Goa are cheaper.
  • Goa gives an extensive variety of decisions in region for each financial plan. There is something for everybody in Goa.
  • Goa is a preferred holiday destination among national and international tourists, it receives several tourists every year. Most of the foreign tourists who come to Goa stay for longer periods, thus investing in a villa is a wise choice.
  • Hotels of Goa at times are unable to accommodate the huge influx the state sees during the peak season. Thereby, holiday homes become the alternative for tourists both for long stay and flexibility which they offer.
  • Travellers find it very difficult to find a good place to stay where they can experience luxury with privacy. So if you have purchased a second home in Goa then you can now earn a pretty decent amount of income by running it as a holiday home for this travellers with the help of rental management companies in Goa.

We would like to suggest you to buy a Luxury villa with a private swimming pool or a villa by sea side as they have a lot of demand for rentals as well as resale. Don’t wait to buy your Goan dream home as the market prices of real estate in Goa is climbing up as the demand is increasing at very fast pace.

Now with HotGoaVillas – A venture by Citihomes Realty, you can buy an exotic luxury villa in Goa. We offer you a wide array of choices to choose from. You can get the best property deal to buy your dream home in Goa. We at HotGoaVillas always help our clients to find the best deals on their purchase or property investment.

Why choose Citihomes Realty for your real estate needs?

Why choose Citihomes Realty for your real estate needs?

Today, Kumar Siddharth has a strong presence as a top realtor in Goa. Led by integrity his firm Citihomes Realty has made its position as one of the well-known companies in the Real Estate Industry in Goa. They are so professional, eminent, and incredible with their consultancy that you will always end up with the best deal in your hands, just the perfect property you were looking for.

They offer customers a wide range of properties options in Goa from medium budget apartments and affordable row villas, to luxury apartments, Residential plots, Commercial properties and bungalows with mesmerising views. With over a decade & a half years of experience has made them experts in their field. All the staff at Citihomes are experienced & capable of providing you with excellent real estate services for a smooth experience. They are a client oriented firm, providing the best realty solutions in Goa.

Kumar Siddarth’s wide network of direct Builders, Owners and realtors in Goa will help you to source best possible property for you. Citihomes Realty always aims to deliver the best property prices & the best ROI for any investments you are making through them. They also help you to make profits by renting, leasing or selling your properties. They are specialist for selling luxury Villas, Apartments, Premium Flats, Portuguese Houses, Hotels, Sea view properties, Plots/Lands in Goa. Citihomes Realty brings forth the most lucrative and profit making deals for their clients as they believe in their motto “Invest wisely”.

Citihomes Realty is at its best as they provide assistance while making any kind of property investment for different properties including commercial, residential or industrial. If you are looking to buy, sell or rent a property in Goa then you need an experienced hand like Kumar Siddharth or his team to help you find the right property at the right price. Citihomes Realty understands, there is always room for negotiation on an offer. With their help for negotiation skills & market knowledge you will always end up at a good side of the bargain.

Depending on your needs, the Kumar Siddharth & team taps into their contacts of sellers and builders. Once a place that matches your needs is found, they fix a meeting according to both of buyer and seller. There is something for everybody in Goa so feel free to contact them for the best advice for investing in Goa.

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