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Category: land

Real estate rates higher in tourist locations

June 24, 2017 • admin

It is observed that real estate rates are usually far higher in popular tourist destinations like goa compared to other places in India, like maharashtra. Though many places in maharashtra are well connected with the extensive local train network, the real estate rates are usually far lower as there is limited demand for land from investors from other states and for tourism related activities like hotels.
Goa has some of the most liberal gambling and drinking laws in India, due to the portuguese rule of goa for nearly 500 years, so tourists from all over india are flocking to goa resulting in the increased demand for hotel rooms , hotels and restaurants in goa
Many government employees are also purchasing benami property in goa with the black money they are extorting from indian citizens.

Categories: home, land, real estate, value