Goa me ek sundar se villa ka sapna sabka hota hai! ๐๏ธ
Par kya 2024 me real estate market waise returns de raha hai jaise log bolte hain? ๐ก๐ธ
Investment karne se pehle zaroori hai sahi research. Rental yield ka real potential aur market ke naye trends jaane is video me. ๐
๐ Click karo aur poora sach samajho Nazar Ya! ke YouTube Channel: https://www.youtube.com/@NazarYa-PoweredbyOutlook
Par kya 2024 me real estate market waise returns de raha hai jaise log bolte hain? ๐ก๐ธ
Investment karne se pehle zaroori hai sahi research. Rental yield ka real potential aur market ke naye trends jaane is video me. ๐
๐ Click karo aur poora sach samajho Nazar Ya! ke YouTube Channel: https://www.youtube.com/@NazarYa-PoweredbyOutlook
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TravelTranscript
00:00In Undekha Nazariya, I, Ashish Atrey, welcome you to the show.
00:15What does a hardworking person need?
00:17A chill destination, a sun-soaked beach, a cone-can thali, and a laid-back lifestyle.
00:23And if you get this lifestyle with a good income, then life is set.
00:28That's what you must have thought, right?
00:30Now I'll earn money and buy a beautiful villa in Goa.
00:33And I'll spend the rest of my youth and old age there.
00:36Right?
00:581.5 million tourists.
00:59You know, all these foreign tourists are actually going to other Southeast Asian destinations.
01:04Yes, yes.
01:05In the past few years, Goa has become the talk of the urban town in the real estate market.
01:09But is it as promising in 2024 as many YouTubers and property experts claim?
01:16No, not at all.
01:18If you are thinking of investing your hard-earned money in Goa property,
01:22then first listen to my point of view.
01:24Then do whatever you feel like.
01:26Do you see this?
01:27In the past five years, property prices have almost doubled at premium locations like Asagaon, Wagator, Kalangut, and Anjuna.
01:36I have never seen so much property appreciation in such a short time.
01:40When I did deep research, I found three important reasons behind it.
01:473. COVID.
01:48Due to COVID and work from home, many professionals were able to deliver their work happily at Goa holiday locations.
01:55With really good productivity.
01:57Now these people are looking for housing here.
01:59Which can accommodate them and also generate some passive profit or passive income.
02:052. Goa as an event and vacation hotspot.
02:09Whether it's a fancy wedding or just a chill vacation with friends.
02:131. Growing commercial infrastructure.
02:16With the arrival of Mupa airport, Goa has become really accessible for both local and foreign tourists.
02:22Due to which, real estate and hotel giants like DLF, Lodha, Leela, and Oberoi chains have also decided to invest several hundred crores in this property post-COVID.
02:33The most impressive quality of Goa property market are these lovely pretty villas.
02:38These properties used to be available in the range of 50 lakh to 8 crore between 2010-16.
02:45But with growing attention on properties, they are now in 2024, broadly ranged between 3-12 crore.
02:53And if you get these villas during heritage, that is, during the Portuguese occupation, 100-150 years old, then you are in luck.
03:01But their value becomes 20-24 crores easily.
03:05Even after the lockdown, people's attraction to Goa did not decrease.
03:09And this trend increased the rental yield there a lot.
03:12What is this rental yield?
03:14Suppose you bought a property for 60 lakhs.
03:17You invested 4-6 lakhs in its interiors.
03:20And in a city like Delhi, Mumbai, Bangalore, you paid 30-40 thousand per month on rent.
03:25Then your yearly rental yield will be 0.5-2%.
03:29Similarly, if you bought a property in Goa and paid monthly rent on season, then you will get a yield of 5-12%.
03:39In off-season, rental charges reach 28-40 thousand.
03:42Season, i.e. October onwards, these prices reach 45-65 thousand.
03:47And New Year, around Christmas, it becomes 1-2.5 lakhs per night.
03:54Profit margins are really really high.
03:56Even if we consider 60% occupancy in a year, which you will not get in any other city.
04:02C.A. Sarthak Ahuja has released a very crisp information.
04:0610 years ago, 11.5 million tourists with 50% foreign tourists visited Goa.
04:12And in 2023, the number of foreign tourists have come down to just 1.5 million.
04:18You must have also observed that people's interest towards Goa has decreased over these years.
04:24Because somewhere or the other, Goa became a very cliched holiday spot.
04:28People are preferring rather alternate holiday spots like Pondicherry, Gokarna, Calicut, Kochi etc.
04:34On top of that, North Goa has already been quite infamous due to excessive commercialization.
04:40Locals are also very upset about this.
04:43Big builders have created inflation in the property market.
04:47I agree that Goa was once gold in terms of property.
04:51Due to its over-exploitation, now I feel that the game has turned.
04:56My sixth sense is saying that it is not that the property has been made so expensive,
05:01but the buyers are not getting it.
05:03Due to this, the Goa property market is being called booming and rich on social media.
05:08Builders along with many property managers are also proposing many combo deals.
05:13They will manage your property, make a profit from it and keep a big share of it.
05:19Which is again a shady deal according to me.
05:22My intention is not to scare you, but to warn you.
05:25If you seriously want to buy a property, then I would suggest you to do some footwork yourself.
05:31First understand why you want to buy a property.
05:34As a second home, as a passive income source or a mix of both.
05:39Once you have decided that, then make sure what is the environment around the location you are narrowing down.
05:46I mean what are the government regulations there, what is the take of the locals there and who are the other players.
05:51Do the price discovery yourself rather than going behind a talal.
05:55Do research on Goa property rights.
05:58Let me tell you a big inside thing that no one will tell you.
06:02For Goa property, dig deeper into Portuguese succession rights.
06:06Builders will not give you any conflicted property.
06:09For that, involve with a bank loan.
06:12With that, the bank will also check the background of the property itself and will help you finalize a safe deal.
06:18Friends, whatever you choose to do, invest in a way that this investment goes beyond monetary transactions.
06:25It should give you more returns in terms of experience and your own lifestyle.
06:30For that, you will have to do some footwork.
06:32If you liked this video, then don't forget to like, share and subscribe to the channel.
06:38I, Ashish Chhatre, will meet you in my next video.
06:41Until then, take care of yourself.
06:43Goodbye!
06:48Thank you for watching!