North Goa, one of the two districts in Goa, is a popular tourist hub, offering immense room for sizeable rental incomes. Infrastructure developments like Mopa Airport are set to fuel Goa’s growth. The influx of industries and start-up culture has further positively impacted the housing demand in the region, opening lucrative avenues for investors.
With varied property options available at competitive pricing, several localities rank high in the liveability aspect, attracting tenants and end-users alike. Having said that, let’s learn about the top areas in Goa that offer maximum rental incomes.
Best areas for highest rental income in North Goa
North Goa offers immense earning potential for rental incomes with significant upside and almost no downside. Why do we say that? Read on to know the answer.
Calangute, North Goa
Famous for Calungate Beach and tourist spots such as Aguada Fort, Calangute is always at the top of tourists' minds. This drives the demand for holiday homes and staycation apartments, bringing in an opportunity to capitalise investments through short-term rental income.
Calangute’s proximity to commercial hubs further enhances its appeal among long-term renters such as working professionals, making it one of the top areas in North Goa for high rental income. Some of the industries located within 5 km radius include Steelmac, Deepra and Maruti Industries.
While Calangute primarily features 1-BHK and 2-BHK apartments, it also houses properties like residential lands, villas and independent builder floors. The 1-BHK apartment can cost around Rs 41 lakh to Rs 1 crore, whereas the price for a 2-BHK unit may hover between Rs 82 lakh and Rs 1.5 crore.
You can check out the below table to know the property price and rental range in Calangute, North Goa.
| Property price and rental range in Calangute, North Goa | ||
|---|---|---|
| Average property price in Calangute | Property price appreciation (in last 5 years) | Rental Range |
| Rs 10,400 per sq ft | 54.10% | Rs 16000-45000 |
Source: 99acres
The continuous property demand has attracted real estate builders like Pink Zebra Real Estate and Saldanha Developers Pvt. Ltd to mark their presence in North Goa.
Calangute in North Goa also offers several social amenities, which add to its liveability aspect. Some of the popular schools, hotels, and shopping centres present in and around the locale are:
- Educational institutes: Narsaraopeta Engineering College and Green Meadows School are within 3 km.
- Shopping centres: Calangute Beach Road Mall and Valanka Shopping Mall are in the locale.
- Hotels: Hyatt Centric and Candolim Grande Resort within the vicinity.
- Hospitals and clinics: Bosio and Yashraj are within 2 km vicinity.
- Tourist attractions: While Calangute Beach, Baga Beach, and Aguada Fort are 7 km from the centre, parks like Aurelio Pinto, Memorial Park and Candolim Park are present in the locale as well.
On the 99acres Ratings and Reviews platform, residents have cited safety, proximity of educational institutes and weekly markets as its positives. You can check reviews of Calangute, North Goa here.
To explore the properties of Calangute, North Goa, click here.
Mapusa, North Goa
The presence of Verna and Kundaim industrial areas within 35 km of the locale via NH-66 ensures easy commuting in around 30-40 minutes. This makes Mapusa a prime residential hotspot for working professionals and is perhaps a primary factor driving the rental demand here.
A luxurious housing town featuring 2-BHK houses starting at Rs 46 lakhs, Mapusa can offer a monthly rental between Rs 22,000 and Rs 26,000. Apart from 2-BHK, the locale also features 1 and 3-BHK flats, priced around Rs 36 lakh to Rs 44 lakh and Rs 65 lakh to Rs 3 core, respectively.
You can check out the below-table to know the property price and rental range in Mapusa, North Goa.
| Average property price and rental range in Mapusa, North Goa | ||
|---|---|---|
| Average property price in Mapusa | Property price appreciation (in last 5 years) | Rental Range |
| Rs 6,600 per sq ft | 40.40% | Rs 22,000- Rs 26,600 |
Source: 99acres
Moreover, the presence of various amenities and seamless connectivity make Mapusa one of the best areas for maximum rental income. Some of its key highlights are outlined below:
- Easy connectivity: Inter-state connectivity via National Highway (NH) 66 and Inter-City connectivity via Calangute-Mapusa Road, Mapusa-Moira-Aldona Road.
- Seamless Transit: Thivim Railway Station, Mapusa Bus Stand and Goa International Airport located at a distance of nine km, four km and 37 km via NH-66, respectively.
- Educational institutes: St Anthony, St Mary and Kupwara Public School in the vicinity of 4-6 km.
- Hospitals: Ankur, Kenkre, North Goa District and Holy Cross General in the locality.
On the 99acres Ratings and Reviews platform, residents have cited connectivity and availability of social amenities as its positives. You can check reviews of Mapusa, North Goa, here.
Click here to check properties in Mapusa, North Goa.
Porvorim, North Goa
Situated on the Mumbai–Goa highway (NH 66), Porvorim offers seamless connectivity between Maharashtra and Goa. Pilerne Industrial Estate, Colvale Industrial Estate & Goa Industrial Development Corporation are located within a 10 km radius, thereby offering several job opportunities and easy commuting for working professionals.
The easy commuting and presence of commercial hubs make it an asset with great return on investment (ROI). Syndicate Buildcon, Mohan Group and Mehta Developers are some of the renowned developers of this town, which says a lot about the potential of residential houses and the rental incomes they can offer.
Porvorim in North Goa offers 1-BHK, 2-BHK and 3-BHK residential apartments with prices starting at Rs 38 lakh, Rs 70 lakhs and Rs 1.19 crore, respectively.
You can check out the below table to know the property price and rental average in Porvorim, North Goa.
| Average Property price and rental range in Porvorim, North Goa | ||
|---|---|---|
| Average property price in Porvorim | Property price appreciation (in last 5 years) | Rental Range |
| Rs 7,500 /- per sq ft | 35.10% | Rs 13,500- Rs 39100 |
Source: 99acres
Availability of the following amenities further strengthens its position as one of the best locations for maximum rental incomes in Goa.
- Connectivity via Road: Inter-state connectivity to Maharashtra via NH-66 and Kerala (via Panvel-Kochi-Kanyakumari Highway).
- Connectivity via Railways: Inter-city and Inter-state connectivity to the Indian Railways by the Karmali Railway Station, located 17 km from the locale.
- Schools: Holy Family Primary School, Blooming Bud, Shiksha Niketan School
- Colleges: Vidya Prabodhini College and Ann Institute of Hotel Management.
- Hospitals: Chodankar Hospital, Mandovi Hospital and Holy Cross General Remaso Hospital.
- Tourist attractions: Pilerene Sunset View Point, Candolim Beach and Aguda Fort.
All these factors collectively make it one of the best choices for investors looking for high return on investments (ROI).
The residents have praised lifestyle, environment, safety and connectivity as the region’s positives. You can check the reviews of Porvorim, North Goa on the 99acres Ratings and Reviews. You can look at the properties in Porvorim, North Goa by clicking here.
In a nutshell, Calangute, Mapusa and Porvorim in North Goa are among the top areas that provide high rental incomes. Easy connectivity, presence of social amenities and proximity to commercial hubs play a crucial role in ensuring the same.
Moreover, these locations witness tourists throughout the year. As a result, investors can enjoy the benefits of short-term and long-term rental income. Nonetheless, you must consult an expert property consultant and conduct thorough research for informed and safest decisions.
See our latest webstory on Top 3 localities in North Goa for high rental income
