Having a second home means different things to different people, perhaps even more so in Goa. For many, the sunshine state with its endless beaches, resorts, and beachside shacks is perfect place to relax and unwind. It is known for its endless parties and majestic music festivals. It is also known as the place where one goes to find themselves. Goa has always been a sacred haven for people not just from India but all across the world. It is where people like to escapes when the city life gets too overwhelming.
The outbreak of the COVID-19 pandemic
With the outbreak of the COVID-19 pandemic, various sectors of the global economy experienced a shift. As in other countries, Indian macro indicators, that were once deemed the fastest, also succumbed to the deluge of aftermath caused by the pandemic.
Not even the most vibrant sector, real estate, was spared. However, there is one segment within the real estate sector, 'holiday homes,' that remains defiant despite these ruthless attacks. After the COVID-19 crisis, the market is buzzing with activity as people adjust to the new normal.
Always a well-favoured tourist destination, Goa, has been a sweet spot for the holiday homes or second homes for working individuals looking for better rental yields since time immemorial. These second homes can also provide for luxury living for the tourists which is usually craved by high net-worth individuals.
Moreover, according to industry experts, with 'work from home' gaining popularity, many people are seriously considering moving away from crowded cities to the arms of the nature and finding their comfort spot in the luxurious holiday homes.