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Wednesday, November 12, 2008

Investment Option

If you’re looking at investing in property or buying a second home, then Goa may still be your best option. Nature is doing for Goa, what IT did for Bangalore and Hyderabad - send land prices soaring!

This tiny coastal state, known to be the best remedy for one to distress, detox and recoup, has in recent years attracted a lot of investment for holiday homes by non-resident Goans (NRGs), NRIs and domestic buyers, mainly from north India. While the coastal belt with a good ’sea view’ is always in demand; people are also scouting for inner lands overlooking hills, rivers or valleys with proximity to the city.

Also, while land prices in the rest of the country are expected to fall due to a hike in home loan rates, it’s the opposite in Goa.

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