Developers from Delhi-NCR are acquiring properties in Goa in droves, as the demand for second homes has increased in the tropical paradise, which is India's richest state by per capita income.
At least half a dozen builders from the National Capital Region (NCR) have either announced or are in the process of announcing projects in Goa. These include DLF, Sabh Infra, Axon, Bhutani, Veera Group, and Axis Ecorp.
The interest from NCR developers is being driven by a number of factors, including Goa's stunning beaches, laid-back lifestyle, and relatively affordable property prices. The state is also well-connected to the rest of India, with direct flights from major cities such as Delhi, Mumbai, and Bangalore.
The influx of investment from NCR is expected to boost the real estate market in Goa and create jobs in the construction and tourism sectors. It is also likely to increase the demand for other goods and services, such as food, transportation, and entertainment.
Via: Economic Times
A project in Goa being developed by a Delhi-based firm.
