Goa Housing Board calls Maharashtra Realtors to explore Investment Prospects in the State

The Housing Board of Goa has urged the real estate developers of Maharashtra and realty body NAREDCO to sightsee the investment prospects in the state including residential, commercial, redevelopment, mixed-use projects, and tech parks segments.

The developer members of NAREDCO Maharashtra, which held its Annual Members Meet 2025 at Panjim in Goa to commemorate the successful completion of the trade body's Maharashtra chapter's tenth year, were given an overview of "Unlocking Real Estate Opportunities in Goa" by senior representatives of the Goa Rehabilitation Board and Goa Housing Board.

The land parcels have a great deal of potential for investment because they are primarily located in Vasco City and are only 1-2 km from the airport, seaport, and railway. Adarsh Nagar Chicalim (empty land: 23,533 sq m), Baina (4600 sq m), Sada Vasco (24,580 sq mtrs, Used: 10,000 sq m, Unused: 14,000 sq m), Colvale (1000 sq m), and Zuari Nagar (1,800 q ms) are the land lots listed.

Gaonkar from the Goa Housing Board stated in his presentation that the Goa real estate market, particularly in North Goa, offers great profits. Goa's real estate market is expanding rapidly, with prices rising by 15% to 30% annually. Properties in North Goa have increased in value by about 83% on average over the past five years, with notable price increases in Candolim (168.5%), Siolim (149.2%), and Calangute (83%). Income-producing properties in Goa, such as villas and commercial spaces, are attracting investors. Strong rental earnings are guaranteed by Goa's burgeoning tourism industry, with an annual return on investment (ROI) ranging from 4% to 10%. South Goa has profits of 6–8% annually, whereas North Goa regions generate 8–9%.

Goa's popularity among Indians is demonstrated by the fact that about 35% of vacation house buyers choose it as a second home destination. Over the past five years, Goa has seen a 90% growth in real estate inquiries, indicating robust market demand. Goa's growing demand for Airbnb is fueling price increases and investments in residential real estate. The tremendous demand for short-term rentals is demonstrated by the over 14,000 rental units in North Goa that are listed on Airbnb, with occupancy rates reaching 80–90% at the busiest times of the year.

While talking about the ‘Opportunities in Goa’, Aleixo Da Costa, Secretary of, Goa Rehabilitation Board says, “Goa is not just a tourism destination now, but a fast-growing State for scaling businesses including the real estate offering an exponential potential to the developers who are looking for setting up of new residential and commercial projects along the coastline or in the States’ hinterland and also for the global investors who are willing to invest in second or leisure homes, luxury villas, rental homes or hospitality ventures”.