The inauguration of the New Goa Mopa International Airport has catalyzed significant growth in North Goa’s real estate sector. This development has opened up lucrative investment opportunities, particularly in residential plots near the airport. Notably, prominent projects like Yugen Infra’s developments and RPS The Elements‘ are shaping the landscape, offering investors a chance to capitalize on the region’s burgeoning potential.
The Impact of Mopa Airport on Real Estate
The operationalization of Mopa Airport has transformed North Goa into a burgeoning hub for tourism and commerce. This development has led to a surge in demand for residential and commercial properties, making it an opportune moment for investment. Experts predict that the airport will drive substantial growth in the luxury real estate market, with investments expected to reach approximately ₹2,700 crore by 2030.
Prime Locations for Investment Near Mopa Airport
1. Mopa
Mopa, the site of the new international airport, has become a focal point for real estate development. The area offers a range of residential plots suitable for various investment strategies.
- Plot Sizes: Ranging from 2,160 to 5,382 sq. ft.
- Price Range: Approximately ₹3,333 per sq. ft.
- Highlights: Proximity to the airport, potential for high appreciation, and suitability for residential villa developments.
2. Dhargal
Located approximately 7 km from Mopa Airport, Dhargal is emerging as a promising investment destination. The area is witnessing increased interest due to its strategic location and development potential.
- Plot Sizes: Around 1,970 sq. meters
- Highlights: Close proximity to healthcare facilities and the airport, making it ideal for residential projects.
3. Pernem
Pernem, situated near the Goa-Maharashtra border, is gaining traction among investors. Its accessibility to Mopa Airport enhances its appeal for both residential and commercial developments.
- Plot Sizes: Varied
- Highlights: Approximately 8 km from Mopa Airport, offering a blend of tranquility and connectivity.
Notable Projects Near Mopa Airport
Yugen Infra’s Upcoming Developments
Yugen Infra, a joint venture between Timespro Consulting LLP and V K Developers Pvt Ltd, is making significant strides in the vicinity of Mopa Airport. The company has acquired 300 acres of prime land near the airport, earmarked for the development of luxurious yet affordable residential projects. The project is slated to commence by January 2024, reflecting Yugen Infra plots Goa commitment to delivering quality living spaces that harmonize with Goa’s natural beauty.
RPS’s ‘The Elements’
RPS Group’s ‘The Elements’ is another noteworthy project in North Goa, offering a blend of modern amenities and serene surroundings. While specific details about this project near Mopa Airport are limited, RPS Group is known for its commitment to quality and innovation in real estate development.
Benefits of Investing Near Mopa Airport
- Appreciation Potential: The airport’s presence is expected to drive property value appreciation in the surrounding areas.
- Infrastructure Development: Enhanced infrastructure, including improved road networks and utilities, is underway to support the airport, further boosting property values.
- Rental Demand: Increased tourism and business travel are likely to escalate demand for rental properties, offering investors steady income streams.
Considerations for Investors
- Due Diligence: Verify the legal status of the land, including clear titles and necessary approvals, to ensure a secure investment.
- Market Trends: Stay informed about market dynamics and infrastructure developments to make timely investment decisions.
- Long-Term Vision: Align your investment strategy with the anticipated growth trajectory of the region to maximize returns.
Investing in plots near Mopa Airport presents a strategic opportunity to capitalize on North Goa’s evolving real estate landscape. The area’s infrastructural advancements and economic growth prospects make it an attractive destination for discerning investors.
