Property Weekly

INVESTMENT PATH TO GOA

June 29 - July 5, 2011
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Gulf Weekly INVESTMENT PATH TO GOA

Goa’s white sandy beaches not only attract holidaymakers but also act as a magnet to home seekers. According to global real estate analysts residential properties in the popular Indian tourist destination command high rentals and boast good resale value.

Renowned also for its places of worship and world heritage architecture, Goa is visited by large numbers of international and domestic tourists each year. It also has rich flora and fauna, owing to its location on the Western Ghats range, which is classified as a biodiversity hotspot.

Bahrain’s leading property agency Star Real Estate is spreading its wings into the Indian market and has a contemporary-style villa for sale in a lush green neighbourhood in the state.
 
The villa on hand is a corner plot with easy access and is situated barely five minutes to the city of Mapusa, 10 minutes to the state capital of Panaji, 15 minutes to Vagator, Anjuna and Calangute beach and 30 minutes to the airport.

The villa has a total built-up area of 175sqm sitting on a plot of 400sqm. It features three bedrooms, three bathrooms, a large hall, a kitchen and a guest toilet. It has a well and municipal water connection.

Top quality materials and finishings have been used throughout the property. The kitchen boasts beautiful granite counter tops and the bathrooms consist of modern fittings.

Star Real Estate also has a building for sale, with adjoining swimming pool, that could be used for residential or commercial purposes, located very close to Goa’s business areas, institutes, shopping centres and famous beaches.
 
The property boasts views of mountains and a lake with plenty of trees surrounding the area. It is 35 minutes from the airport and five minutes away from the nearest beach. It has a total built-up area of 1,245sqm - the plot size is 815sqm, the terrace area is 55.70sqm and there are 16 parking spaces. The building also has additional space for a restaurant and gym.

Ahmed Suleiman, chief executive officer of Star Real Estate, said: “Our international sales division is excited with the opportunity to market this project in Goa. It will be the first of many new international property projects for Star’s customer base, which will have passed our own stringent tests of security in ownership, value for money and delivering good investment potential.

“These properties potentially promise an immediate return on investment for an individual or a group of people from day one.

“The signing of the agreement with the owner of this project means that Star International Real Estate will be the exclusive agents for the properties in the GCC and Europe which reflects the confidence that the owner has in the ability and professionalism of Star to market and promote these considerable investments.”

Goa is India’s smallest state by area and is located in south-west India in the region known as the Konkan. It is bounded by the state of Maharashtra to the north, and by Karnataka to the east and south, while the Arabian Sea forms its western coast.

Goa is India’s richest state and ranked on top for the best quality of life in India by the National Commission on Population.

The prices are available on request. For further information on this and other homes call Star Real Estate on +97317299188.







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