Sindhudurg is a district in Maharashtra that is located strategically close to Goa. People willing to purchase a second home or a property close away from the noise and din of the city can look out for these homes. Besides, the strategic location of this place makes it easy for people in Mumbai and other places to easily reach the destination. Residents willing to invest in new properties find their ideal opportunity at Sindhudurg.

Here are some of the key reasons for the popularity of Sindhudurg as a residential destination.

1. Development of the MOPA Airport

Real estate prices in a city largely depend on its connectivity. Thanks to the development of the MOPA airport in the close proximity to Sindhudurg, property prices are likely to shoot up. People in Sindhudurg had to travel to Goa to access air facilities all these years. With Sindhudurg witnessing a gradual spike in population, a new airport in the area will facilitate navigation.

Also, more tourists would be able to travel to the Konkan region once this airport becomes operational. Experts anticipate around 27.8% increment in property prices when this airport becomes operational.

2. Accessible Locations

One of the prime reasons for the high demand for homes in this area is its connectivity to places like Belgaum,Kandivali, and Ratnagiri. Besides, the Sasoli Village and Dodamarg are some of the other important places around Sindhudurg.Most importantly, you have the beaches in North Goa located close to this area. No wonder, why people are willing to purchase new villas, bungalows, apartments, and plots in Sindhudurg. It would be a logical decision to purchase the property close to the important tourist zones.

3. Return on Investment

A high ROI from the investments in these properties would significantly benefit you once you purchase your new home. Currently, property prices based on per square foot in Sindhudurgare around INR 6,700. Over the last four years, the CAGR for property prices has been around 3.9%, which is a healthy increment.

Even if you purchase a second home in this part of the city, you can rent it out to tourists. This way, you can stream in a lucrative source of income.

4. Affordability compared to Goa

In recent years, reputed real estate developers have come up with new projects in Sindhudurg. People in Mumbai and other parts of the state are keen to purchase these properties. Sindhudurg typically implies North Goa, so you would cherish the proximity to the beautiful beaches.

Goa continues to be expensive, and for good reasons. In case you want to reside close to this popular tourist destination but at a lower cost, you have a decent option inSindhudurg. This place is quickly accessible from Goa. Moreover, property prices as well as the cost of living in Sindhudurg are comparatively lower.

Considering all these reasons, it would be a logical decision to purchase your new property in Sindhudurg.