MOPA Airport will change the fortunes of Goa and Sindhudurg region
Panjim, September 10: The much-awaited MOPA project is expected to be operational soon. It is one of the region’s most anticipated projects, and rightly so. The current airport in Goa has been undeserving of the region. It does not have the requisite infrastructure nor scalability. With the MOPA airport, these problems will soon be a thing of the past. Analysts are expecting an influx of tourists to the entire Konkan belt. The result will be an overall development of the area. It is expected that this development will rub off on the real estate sector as well.
Property prices in the area will increase dramatically after operations begin, according to a study by 360 Realtors, one of India’s top real estate advisors. In the next 12 months, property values in the airport’s immediate vicinity, where the current average price per square foot is Rs 6,700, can increase by 27.8%. According to data by 360 Realtors, the average price of a home has grown over the last four years at a CAGR of 3.9 per cent. Following the opening of the airport, there will be an increase in real estate investment and tourism activity, which will be the cause of the price increase.
Average real estate prices in the neighbouring Sindhudurg region, which is also a popular location for second homes and natural resorts, may rise by 29.2 per cent yearly. Currently, the average cost per square foot is Rs 4,921. Property prices in Sindhudurg have increased on average at a CAGR of 6.8 per cent over the last four years.
Commenting on the MOPA Airport, Aditya Kushwaha, CEO and Director of Axis Ecorp says, “With the imminent inauguration of MOPA Airport, North of Goa and the neighbouring Konkan region are poised to experience a real estate investment boom. The infrastructure of a region is directly tied to the real estate industry. By constructing roads, motorways, and airports, numerous regions become more accessible. The holiday home market is already flourishing, and the aforementioned development will push the demand even further. Consumers looking for a sophisticated lifestyle similar to anywhere else on the globe will be increasingly drawn to this region.”
Axis Ecorp has several upcoming projects in this region, which include Axis Blues, Axis Yog Vilas, Axis Lake City and Axis Lake City Plaza. The company has already exhausted its inventory for Axis Blues and as the inauguration of the new airport is drawing close, there has been a strong uptick in the inquiries for the Axis Yog Villas and Axis Lake City. These projects are just 18km away from the greenfield project and thus the valuation for the project is expected to skyrocket in the days to come.
Vinit Dungarwal, Director of AMs Project Consultants, “Infrastructure projects like the metro and airports always have a cumulative effect on real estate development. Goa is a great option for those seeking a second home away from the hustle and bustle of a city. We are quite bullish about the prospective real estate initiatives in the state.”
Not just real estate prices but even rental prices in and around the year have seen a sharp uptick. Annual rental yields in the north Goa region are close to 4.1- 7.2 per cent. However, the yields around the MOPA are hovering around 6.7 per cent. Sindhudurg, on the other hand, is delivering outcomes north of 7.2 per cent. These are expected to rise even further once the MOPA airport becomes operational.
If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
I’m still learning from you, but I’m trying to reach my goals. I absolutely enjoy reading everything that is posted on your blog.Keep the tips coming. I enjoyed it!
You can definitely see your enthusiasm in the work you write. The world hopes for even more passionate writers like you who aren’t afraid to say how they believe. Always follow your heart.
Attractive component to content. I simply stumbled upon your website and in accession capital to assert that I acquire actually enjoyed account your weblog posts. Anyway I will be subscribing on your feeds or even I fulfillment you get entry to persistently rapidly.
Some times its a pain in the ass to read what website owners wrote but this site is really user pleasant! .
Withered, our visible abundance bears it at the end비아그라
But wanna input on few general things, The website design is perfect, the content is very superb. “The sun sets without thy assistance.” by The Talmud.
Together with every little thing that appears to be developing inside this particular subject material, all your points of view are actually rather refreshing. Nevertheless, I beg your pardon, but I do not give credence to your whole idea, all be it exhilarating none the less. It seems to everyone that your remarks are generally not completely justified and in simple fact you are yourself not completely confident of your point. In any event I did take pleasure in examining it.
Magnificent goods from you, man. I’ve take note your stuff prior to and you’re just too magnificent. I really like what you’ve bought right here, really like what you are saying and the way by which you are saying it. You make it enjoyable and you continue to care for to keep it sensible. I can’t wait to read much more from you. That is actually a wonderful website.
Great post, you have pointed out some fantastic points, I also think this s a very fantastic website.
시알리스는 타다라필 성분의 발기부전 치료제 입니다.
시알리스 구매, 시알리스효과, 부작용, 복용법에 대한 모든 정보.
국내 최저가, 온라인 시알리스전문 스토어 입니다.
Hi, Neat post. There’s a problem with your website in internet explorer, may test this… IE still is the market leader and a big section of other folks will pass over your excellent writing because of this problem.
시알리스는 타다라필 성분의 발기부전 치료제 입니다.
시알리스 구매, 시알리스효과, 부작용, 복용법에 대한 모든 정보.
국내 최저가, 온라인 시알리스전문 스토어 입니다.
It?¦s really a great and useful piece of information. I?¦m satisfied that you just shared this helpful information with us. Please stay us informed like this. Thank you for sharing.
This design is wicked! You certainly know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Great job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!