23 June 2014

Luxury Real estate – Confidence in a slow market

The trend of purchasing luxury property in Goa has slowed down in the past years, with luxury villas in Goa for sale being priced at an average of INR 2 Crores for all the high end facilities and services. Such costs seldom surprise a local Goan as the real estate prices have risen undeterred despite the slow sales.

Luxury Villas in Goa for Sale
Luxury Villas in Goa for Sale
Despite the slow sales of high end luxury projects, the builders are undaunted. Builders like Ashray Developers continue to cater to a niche clientele. Ashray Developers have over the years maintained a consistent business developing high end projects and selling their stock successfully.  

One of the reasons that can be attributed to this successful venture of high end projects in this economy is that land is considered a scarce and therefore a high demand resource. Taking advantage of this, builders normally identify properties in areas where plots have their worth in platinum if not Gold.


For example Ashray Developers Nyassa project by the back waters of Chapora is one that has a limited stock of 2 rivers touching premium villas in Siolim Goa.  With a property at such a divine location purchasing it is a desire that is easily born. 

2 comments:

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