Mandrem
Mandrem is a tranquil seaside village in North Goa, India, known for its breathtaking beaches, lush greenery, and laid-back lifestyle.
About the location
Overview
The real estate market in Mandrem is growing, with property prices ranging from INR 4,500 - 8,000 per sq.ft. However, due to its increasing popularity amongst tourists, the demand for vacation homes and rental properties is on the rise, leading to robust growth in the market.
The Lifestyle
The lifestyle in Mandrem is a harmonious blend of tranquillity and vibrancy. With a largely local population, the community is tight-knit, friendly, and welcoming to visitors. The fishing industry remains a cornerstone of local life, while yoga retreats, beach shacks, and eco-resorts cater to a steadily growing influx of tourists.
Attributes
Serene Beaches | Yoga Retreats | Rich Flora and Fauna | Vibrant Nightlife | Traditional Goan Cuisine
You're sure to adore
Mandrem's charm lies in its blend of serenity and liveliness. The pristine beaches, paired with the tranquil ambience, make it a perfect destination for peaceful getaways. The vibrant beach shacks serving local Goan cuisine add to the allure of this beautiful village.
The Market
Mandrem market offers a variety of local and exotic goods, from fresh produce to handmade crafts. Prices are affordable, attracting both locals and tourists.
Connectivity
Airport
The nearest airport to Mandrem is Dabolim Airport in Goa, about 57 km away.
Bus
Mandrem is well-served by the Kadamba Transport Corporation (KTC), with regular buses to other towns in Goa.
Train
The nearest railway station is Pernem Railway Station, about 18 km away.
Road
Mandrem is accessible via the NH66 highway, which runs parallel to the western coast of India.
Social Infrastructure
Educational Institutions
The area hosts several schools, including Mandrem High School. For medical facilities, Primary Health Centre in Mandrem and Shri Kshetra Hospital in nearby Pernem town cater to the locals and tourists alike.
Hospitals
Mandrem has several local clinics for basic health needs, while the multi-specialty hospital, Vision Multispecialty Hospital, is located around 20 kilometers away in Mapusa.
Crime Rate
Mandrem is known for its low crime rate, making it a safe destination for both locals and tourists.
Geography
Soil
The soil in Mandrem is mainly lateritic in nature, suitable for plantation and paddy cultivation.
Topography
Mandrem is characterized by flat, sandy terrain dotted with coconut palms.
Altitude
Mandrem is located at sea level.
Flora & Fauna
The region boasts rich biodiversity including a variety of bird species, Olive Ridley turtles, and coconut palms.
Climate
Season at a Glance
Mandrem has a tropical monsoon climate, with a pleasant winter (November to February), hot summer (March to May), and heavy monsoon (June to September).
Rainfall
Mandrem receives an average annual rainfall of approximately 3000 mm.
Temperature
The temperature in Mandrem ranges from 25°C to 35°C throughout the year.
Real Estate Trends
Rental Yield
The average rental yield in Mandrem is around 3-4% per annum.
Capital Appreciation
Over the last 5 years, property prices in Mandrem have appreciated by approximately 10-15%.
Average Price per sq.ft
The average price per square foot for residential properties in Mandrem ranges between INR 5,000 to INR 7,000.
Demand & Supply Dynamics
There is a steady demand for residential properties in Mandrem, particularly for villas and apartments. Supply is moderate with a few new projects under development.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
Mandrem has around 100 AirBnb listings, mostly private rooms and entire homes.
Revenue Potential
With the average daily rate of INR 2,500, the annual revenue potential for a property in Mandrem could exceed INR 9 lakhs, assuming 75% occupancy.
Occupancy Rate
The average occupancy rate for AirBnb listings in Mandrem is around 60-70%, with peaks during the tourist season (November to March).
ADR
The average daily rate (ADR) for an AirBnb listing in Mandrem is around INR 2,500.
RevPar
With an ADR of INR 2,500 and an occupancy rate of 65%, the revenue per available room (RevPAR) comes to around INR 1,625.
Investment Guide
Investing in Mandrem is ideal for those seeking a peaceful getaway property. There's potential in short-term rentals due to the growing tourist population. Lastly, as this region is still developing, investing now may yield high returns in the future.
Places to Visit
12 km | Historic fort offering panoramic views of the coast
8 km | A vibrant market with local crafts
500m | A serene and uncrowded beach, it is a popular destination for nature enthusiasts and travelers seeking serenity.
12 km | Historic fort offering panoramic views of the coast