8 things that make Goa the perfect destination for NRI investors

Goa is one of the most beautiful states in India. Its pristine natural beauty is simply unparalleled. Goa today is a developed modern state that offers an incredibly high quality of life. Recently Goa has become a lucrative place for investors and businesses alike.

Let us look at some of Goa’s inherent strengths which make it very favorable for NRI investors.

• Goa’s Unique Beauty and Weather

Goa is incredibly gorgeous. There is not a single state in India that compares to the beauty that Goa possesses. Its stellar sandy beaches, magnificent seas, and lush countryside make it an irresistible tourist destination. Goa’s tropical weather is warm and blissful. A large number of Europeans and Indians select Goa as their premier destination for vacation and migration.

• Incredibly High Tourism Revenue

Goa is probably the most popular state of India for tourists to visit. It attracts a wide range of people from India and from abroad. Europeans from Russia, Ukraine, and the UK love to visit India. Tourists who come to Goa to explore antiquated churches and temples, Portuguese architectural structures, beaches, forts, caves, waterfalls, islands, and wildlife sanctuaries.

Many tourists who come to indulge in Goa do not mind splurging copious amounts of money on luxury services. Since hordes of Europeans visit Goa, the profits based on European spending power are incredibly high. This makes Goa’s tourism-related industries like hotels, casinos, beach resorts, shacks, spas, and wellness centers immensely lucrative for NRI investors

• Great Standard of Living

Today Goa is a literal paradise. Goa is replete with all the amenities that you can think of. Top-tier colleges, hospitals, shopping malls, hotels, and restaurants are found in every city. Goa is one of the most peaceful states in India. Its crime rate is very low compared to other states. 

Many tourists come to Goa because of how safe and comfortable they feel here. The majority of the Goan population are well-educated and congenial. They also espouse liberal western values and are progressive in their culture. This makes Goan quality of life enviable. It is certainly good for NRI investors to buy luxury villas in goa who seek to migrate later on.

• Developed Infrastructure

Goa has a decently developed infrastructure as well. All major cities and beaches are well connected via highways, bridges and main roads. The government is making great efforts to improve infrastructure proactively. New projects are being implemented to facilitate better transport. It is easy to traverse in and out of Goa. There are well-developed routes and modes of transport for buses, trains, and airways. 

• Flourishing Nightlife Culture

If you ask people why they come to visit goa, you will not be surprised if they tell you they come here to explore the party culture. Goa is known for its extravagant party scene. There is a unique culture of raving, late night partying, and dancing at beachside clubs.

Alcohol in India is the cheapest in Goa. There isn’t a street where you won’t find a bar or a wine store. People from all over come specifically to consume inexpensive alcohol and to indulge in the sensous passions. A great opportunity for NRI investors is to invest in the nightlife scene. This includes bars, pubs, bistros, clubs, and wine marts.

• A Thriving Real Estate Market

There is a rapidly developing real estate industry in Goa. Since Goa is a highly sought-after tourist destination, it is no surprise that real estate prices have skyrocketed here. People from all over are seeking to purchase property in Goa because of its relaxing weather and serene lifestyle. Many NRIs and Indians select Goa as a place to retire and migrate.

Tourists also produce a demand for luxury villas, bungalows, and rentals for their vacations. NRIs would do well by purchasing flats, villas, and plots or by investing in luxury villa projects in goa. These can be either given on rent immediately or held up for long-term appreciation. 

• Goa as a Potential Manufacturing Base

Goa has seen a rise of manufacturing in recent years. Many leading companies have invested in Goa and set up manufacturing plants. These include – pharmaceuticals, pharmaceutical machinery, fish net making, cement, fertilizers, tyres, electrical machinery, printed circuit boards, and automatic washing machines.

• Business-Oriented Government

The Goan government has been very progressive. They have implemented many policies that are beneficial to business development. In the recent state budget, a large number of funds have been allocated towards the promotion of a business environment In Goa like luxury villas in goa.

These funds will go towards boosting electronic manufacturing, startup policies, urban development, and more. All of which will generate employment and foster the growth of business and industry. The government is trying its best to extend the land space required for setting up business estates. NRIs would benefit from a cooperative and pro-business government.

Read more articles about destinations for Investing @Acute Blog.