Living in paradise: The great Goa realty rush
Subscribe to enjoy similar stories. Goa: In August 2020, at the height of the pandemic, Sapna Dickson drove down to Goa with her two cats and three friends. The work-from-anywhere era had begun, and Dickson, an advertising professional, grabbed the first chance to get out of Mumbai, a city she had lived in for two decades.
The group leased a four-bedroom bungalow in Parra, a serene village in North Goa district, for a monthly rent of ₹40,000. Nine months into living the Goan life, Dickson decided to settle down in the tiny state. She quit her job last year and now consults for a Goa-based tech client.
“I am in my 40s. I didn’t want to spend the rest of my life living a routine in Mumbai. There is no moral policing in Goa.
It’s lively and safe for single women," said Dickson, who now lives on her own in a rented two-bedroom house in Siolim. Goa has always been a big draw for domestic and foreign tourists. For some, it’s a party paradise with cheap liquor and a bohemian vibe, and for others, it’s the perfect beach getaway.
In the last four years, however, Goa has also become the go-to address for property developers, investors, and home buyers—it became a big part of the ‘second home’ buying and renting rally during the pandemic. Demand for luxury homes and premium plots, in particular, went through the roof. On property portals such as 99acres.com and Housing.com, it is not unusual to see listings of residential plots for sale at ₹4-5 crore across Goa today.
On Magicbricks.com, villas on sale cost ₹3-12 crore in places such as Assagao, Anjuna and Siolim. “Post covid, Goa has seen frenzied real estate activity leading to high appreciation in prices. The heightened activity also pushed up land prices, and the demand for
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