New Goa airport may draw ₹2.7k cr realty investments
Mopa airport is likely to draw about Rs 2,700 crore of investments from builders and hoteliers until 2030 as the upcoming North Goa aviation gateway becomes the transport hub of South Asia’s tropical paradise, replacing Dabolim that faced both watch-hour and space constraints.
These investments will be directed towards the Mopa region in the state’s extreme north, where the new airport is based. The funds will be used to build luxury hotels, eco hotels, nature and wellness resorts, and homestays.
Goa has reported an average occupancy rate of more than 70%. During the extended weekends, the occupancy rates touch the 100% mark. After the airport project, the numbers will further surge, making it a goldmine for hospitality investors, experts said.
"There is already a positive impact on real estate projects in both Goa and Maharashtra. Many new projects have been announced,” said Aditya Kushwaha, CEO & Director Axis Ecorp, which has a project near the new airport. “Land prices have started to appreciate, and even rental yields have improved. North of Goa has already been the first choice for people looking for a holiday home, and ease of travel and improvement in infrastructure and accessibility is adding to its charm."
Axis Ecorp has witnessed 100% growth in the last few months.
