GOA: Second Home Destination

Q: Now a day most of the newspaper is come up with the article that goa is good option for second investment purpose? Is it true really?

James Desouza, Goa

22nd April 2015

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Replies (8)

If you are asking the question with respect to your long term planning then the answer is definitely YES. Becouse of Individuals are starting to consider buying a second home for different purposes like good investment, tax reductions and a home away from home. And if you are in a sound financial position, then investing in a second home is a great idea.And if you are investing in a second home, then Goa home is a great idea.

CruzLia, Mumbai

24th July 2017

Comment

I read this blog. This is really very interesting and useful tips.I would personally like to know How to afford a second home?

Maxwell, Goa

9th October 2015

Comment

I think there is no wonder the demand for second homes is growing, especially among prospective buyer with the age group of 30 to 40s. Even though there are several good options for investment available in the market like fixed deposits, mutual funds and stocks among other things, a large chunk of the Indian investors prefer real estate as their investment option.

V. Victor,

9th October 2015

There are plenty of reasons why buying a second home is a good idea. But there are also some considerations that should make you think carefully before you make your move.
1) create a family home away from home,
2) prepare for retirement,
3) financial benefit

david.m,

9th October 2015

Thanks you all, I would like to know how many of us can afford to buy a second home? What are the risks involved? How can we manage our finances efficiently that the EMIs of the second home do not hurt our liquidity or savings?

Maxwell, Goa

9th October 2015

Recently I came accros one article where Experts says that better capital returns and the need of a vacation home are the two most popular factors driving the demand of second homes.Buying a home is a huge investment and the EMI is going to be significant. So, most people choose a long tenure so that they can repay the money in smaller amounts every month.

V. Victor,

10th October 2015

Hi Max, there are various factor that might answer some of these questions:
1. One must look out for the right time for investment and consider all the factors and behavior of the market very carefully.
2. Try to limit your search in areas with steady appreciation rates.
3. Be specific about your motive of purchase and what do you want to get in return from it.
4. Determine your affordability.
5. Before finalising any financial institution for your home loan, it is highly recommended that you explore the market once and negotiate them to cut down the home loan interest rates

bablu pathak,

10th October 2015

Gokarna is a small tourist town which has gained popularity late for its beaches as Om beach, Kudle Beach, Half Moon beach and Paradise beach.The high point for this destination is the affordability of this location and proximity to Bangalore, Chennai and Goa. Some of the resorts that are frequently visited in Gokarna are SwaSwara, Gokarna Forest Resort, Om Beach Ayurvedic Resort, Namaste Holiday Homes among others.

Joydeep D,

13th August 2015

Comment

Which city is known as Vacation Home Destinations in India?

Kunal,

13th August 2015

Comment

Hi Kunal, The concept of weekend homes has always been around, yet the evolution of this concept is fast changing. In addition to the upper middle-class looking at investing in a weekend or vacation home, now even the middle-class are looking at this opportunity.

Govinda,

13th August 2015

I think Goa is one of the popular choices for a vacation home, however, newer destinations are now coming up that have caught the interest of single professionals and nuclear working families as well.

Abhishek,

13th August 2015

There are various vacation home destination available in India i.e:
1. Goa
2. Ooty
3. Lonavala
4. Nainital
5. Gokarna

Balwinder Singh,

13th August 2015

Hi all,my concentration in the range of moderate lodging, I further propose to plan a plan to build reasonable houses for the center and low pay amasses on government land recognized for this reason and take up two such lodging plans regardless one year from now.

Mark, Goa

25th April 2015

Comment

Purchasing a home in Goa for Goans is getting progressively troublesome in light of the fact that a considerable measure of rich individuals from outside are purchasing "occasion" homes here. The costs are escaping from hand for the neighborhood populace. A few untouchables purchase homes just for their New Year festivals.

Maxwell, Goa

23rd April 2015

Comment

On a general level there is around 18 percent shortage of need-based lodging necessity in the state... A great deal of lodging stock that is being made in Goa is either as second homes to nationals and individuals from everywhere throughout the nation and the other is the speculative lodging.

Leena, Goa

22nd April 2015

Comment

Fast concretisation of Goa, generally known for its tourism ability and regular excellence, has been a subject of sympathy toward organizers and lodging specialists.In the course of the most recent couple of years, a constant flow of extravagance housing activities, specialty gated residencies mega housing complexes have emerged across the Goan countryside, even as most of the units in their upmarket tenements are vacant most of the year.

Franklin, Goa

22nd April 2015

Hi, It is true that current trend is sifting for second home search and only one name come these day GOA, which give investment return as well as weaken outing.

Franklin, Goa

22nd April 2015

Comment

Now a days affordable housing is increasing trends and most of the person is looking for investment and getting max appreciation. Affordable, need-based housing is fast shrinking in Goa even as the state is being positioned as a option for destination for the rich and an ideal market for investment-oriented second homes.

Maxwell, Goa

22nd April 2015