The hidden gems of Goa are no longer confined to its bustling beaches and lively cities. The serene beauty of the countryside has begun to capture the attention of property enthusiasts, and one such emerging hotspot is Moira, a charming village nestled by the Mapusa River in North Goa. In this blog, brought to you by Madhyam, we delve into why Moira in Mapusa is quickly becoming the go-to destination for apartment investments.
Rising Demand in Rural Luxury
The idyllic charm of rural settings is now a premium commodity, with people increasingly willing to invest in tranquil natural environments. This growing trend has transformed once-undiscovered rural spots in Goa, like Moira, into luxury property hotspots. This tiny village is witnessing a rapid surge in property prices, making it an intriguing prospect for investors.
A Shift in Property Development
Traditionally, property development in Goa was concentrated around the well-known areas of Candolim, Arpora, Anjuna, Vagator, and Siolim. However, a shift is underway, and emerging areas like Assagao, Aldona, and most notably, Moira, are taking centre stage. Moira’s appeal lies not only in its scenic beauty but also in its strategic location within the Bardez Taluka of North Goa.
Moira’s popularity as a residential hub is deeply rooted in its advantageous location. The village is strategically positioned just 10 minutes away from bustling markets and a mere 20-minute drive from popular tourist belts. Moreover, it enjoys proximity to the capital city, Panjim, and is well-connected to the upcoming Mopa Airport, which will be a 40-minute drive away. Moira’s unique blend of rivers, farmland, and Portuguese heritage houses adds to its allure and contributes to the rising property prices in the region.
Moira’s landscape is nothing short of enchanting, characterized by swaying coconut groves, picturesque churches, and lush fields graced by the flowing Mapusa River. This dreamy setting has captivated the interest of buyers who are willing to invest in its serene beauty. Property prices in Moira have escalated significantly in a span of three years, with rates soaring from Rs 12,000-Rs 15,000 per sqm in 2019 to Rs 18,000-Rs 26,000 per sqm today.
A Tale of Two Growth Hubs
The real estate growth trajectory in North Goa is undergoing a transformation. Moira and Aldona are emerging as the new epicenters of growth, rivaling the established hubs. In South Goa, the growth hubs are Cavelossim and Varca. These shifts highlight the evolving preferences of property investors seeking quieter, picturesque locales.
A Sustainable Approach
In the pursuit of sustainable development, the repurposing of old Goan heritage properties is gaining traction. This approach, championed by figures like Heta Pandit, Vice Chairperson of the Goa Heritage Action Group, holds multiple advantages. Repurposing heritage houses not only benefits the environment by recycling old materials but also preserves the historical and cultural essence of Goa. Moira is at the forefront of this trend, attracting artists, designers, and forward-thinking settlers who appreciate the value of repurposed heritage.
An Unmistakable Investment
Investors who have ventured into Moira’s luxury property market have found themselves making a decision they cherish. Mahima Shenoy, a recent luxury property investor in Moira, attests to the allure of Goa’s property market. The prices are soaring, with local realtors indicating an average annual increase of around 30 percent. Notably, property prices in North Goa are outpacing their counterparts in the south.
In conclusion, the allure of Moira in Mapusa as an investment destination is undeniable. Its strategic location, natural beauty, and evolving trends in sustainable development make it a standout choice for property enthusiasts. Madhyam invites you to explore the possibilities that Moira presents, and we stand ready to assist you in making your property investment journey in Goa a resounding success.