Goa is a favorite destination not just for tourists but also for investment purposes. Goa Prime chose Goa for its manifold reasons to start development. It brings you closer to nature, your loved ones & at the same time upsurges your wealth. Investment in Goa is the biggest charm for every individual now, be it a North Indian or South Indian. Whether its an NRI, a celebrity, an entrepreneur, an industrialist or businessman, everyone is fond of Goa as a leisure place or an investment harbor since it generates great returns to its investors in the form of rentals. Lets see teh various factors that dominate Goa as a preferred investment terminal
Tourism is the essence of Goa. Currently Goa gets 12% of foreign tourist arrivals in India. Goa Tourism Department targeted 5 million tourists in 2016; this is directly proportional to state’s revenue as tourism is the backbone of its economy. As of 2015-16, the number of passengers who arrived in the state on the basis of e-tourist visas was recorded to be 80,928. Moreover, the state recorded a total of 541,480 foreign tourists from over 141 countries across the globe.
Source:
https://www.ibef.org/states/goa.aspx
http://timesofindia.indiatimes.com/city/goa/Goa-tourism-department-targeting-5-million-tourists-by-2016/articleshow/39580115.cms
The recent addition of the inauguration of the works at Mopa Airport. Once operational, nearly 50 lakh people will visit the state, annually.
Source:
http://timesofindia.indiatimes.com/city/goa/Modi-confident-of-tourism-boost-in-Goa-with-Mopa-airport/articleshow/55401432.cms
Lately Goa has apparently become one of the most developed states of India with increased investments from NRIs & Indians. It’s adored by celebrities & industrialists from all over country. It’s even the preferred place for post retirement life.
Goa is christened as the state with low crime rate in India, 3rd highest literacy rates in India of 88.7%, the lowest birth rate of 15.7 per 1000 population(2007), highest road network density. The green life in city increases the life span of people, that’s the reason of Goa having lowest death rate, 6.7 per 1000 population. Goa is one of India’s richest states with the highest GDP per capita – two and a half times that of the country – with one of its fastest growth rates: 8.23%.
Source:
https://www.ibef.org/states/goa.aspx
https://en.wikipedia.org/wiki/Goa#Economy
https://knoema.com/atlas/India/Goa/Crude-Death-Rate
Currently there are 16 planned SEZs in Goa. Its International airport makes it a global emerging destination for knowledge-based industries.
Source:
https://en.wikipedia.org/wiki/Goa#Economy
It is one of the fastest growing states in India with Gross State Domestic Product (GSDP) growth rate at about 11.39% between 2004-05 and 2015-16. The state’s per capita Net State Domestic Product (NSDP) was US$ 4,765.7, one of the highest in India, in 2015-16.
Source :
https://www.ibef.org/states/goa.aspx
It also stands 6th in the Top 10 Nightlife cities in the world in a National Geographic Book.
Source:
http://timesofindia.indiatimes.com/india/Goa-ranks-6th-in-Top-10-Nightlife-Cities-list/articleshow/46164857.cms
In April 2006, Goa topped the occupancy rate at 89.9%. The prices of the property around city are increasing thus fetching higher rentals & profits to its investors. Mumbai & Goa are usually seen one of the cities in India that earmarks hotel occupancy rate above 70% by tourists, thereby filling the pockets of investors.
Source:
http://country-clone.htl-web.com/files/2016/08/India-Hotel-Review-Report-H1-2016.pdf
http://www.financialexpress.com/archive/goa-tops-hotel-occupancy-rates-in-april/164990/
Goa government has approved the Rs 981 crore (US$ 144.1 million) proposal for Panaji Smart City which will have a major focus on eco-mobility, public transport system and improvement of conservation zones.
Source :
https://www.ibef.org/states/goa.aspx