Mapusa
Mapusa is a bustling market town in North Goa, India, known for its vibrant Friday market and proximity to popular beaches.
About the location
Overview
The real estate market in Mapusa is quite dynamic with a mix of residential and commercial properties. The price range for properties varies greatly, from affordable apartments starting from INR 30 lakhs to luxury villas priced upwards of INR 2 crores. The growth in the real estate sector is steady due to the town's strategic location and strong infrastructure.
The Lifestyle
Life in Mapusa is a perfect blend of modern convenience and traditional Goan charm. The community is diverse and vibrant, with the town buzzing with activity, particularly during the Friday market when locals from surrounding villages bring their produce to sell. The lifestyle is laid back, with a strong emphasis on celebrating local festivals and traditions.
Attributes
Bustling Market Town | Proximity to Beaches | Rich Cultural Heritage | Great Food Scene | Warm and Friendly Community | Strong Infrastructure
You're sure to adore
Mapusa's charm lies in its unique blend of tradition and modernity. The vibrant Friday market is a must-visit, offering everything from fresh produce to local handicrafts. The town's close proximity to some of Goa's most popular beaches, including Calangute and Baga, also makes it a desirable location.
The Market
Mapusa Market is a major commercial hub in Goa, known for its vibrant Friday Market that attracts tourists and locals with its array of goods, such as clothes, pottery, spices, and local produce.
Connectivity
Airport
The nearest airport to Mapusa is Dabolim Airport, located approximately 37 kilometers away. It is well-connected to major cities in India and abroad.
Bus
Mapusa Bus Stand is an important transport hub in Goa, with buses connecting Mapusa to various parts of Goa as well as neighboring states like Maharashtra and Karnataka.
Train
The nearest railway station is Thivim Railway Station, about 12 kilometers away, offering good connectivity to other parts of India.
Road
Mapusa is connected by the NH-66 (Panvel–Kochi–Kanyakumari Highway) which provides connectivity to other major cities in the region.
Social Infrastructure
Educational Institutions
Mapusa is home to several reputed educational institutions including St. Xavier's College and DM's College of Arts, Science and Commerce. The town also has a number of good hospitals such as Vision Multispecialty Hospital and Mapusa District Hospital.
Hospitals
Prominent hospitals in Mapusa include the Vision Multispecialty Hospital and the Mapusa District Hospital.
Crime Rate
Mapusa is generally considered safe with a low crime rate. However, like any other popular tourist destination, minor crimes like pickpocketing or petty theft can occur.
Geography
Soil
The soil in Mapusa is mainly lateritic, suitable for crops like rice and coconut.
Topography
Mapusa is located on flat terrain with an average elevation of 15 meters above sea level.
Altitude
Mapusa is approximately 15 meters above sea level.
Flora & Fauna
Mapusa's surrounding areas have lush greenery with flora like coconut trees and mango trees. Fauna includes common Indian birds, domestic animals, and aquatic life in nearby beaches.
Climate
Season at a Glance
Mapusa has a tropical monsoon climate with a dry winter. The best time to visit is during the cooler months from November to February.
Rainfall
Mapusa receives heavy rainfall during the monsoon season, from June to September, with an annual average of approximately 3000 mm.
Temperature
The temperature in Mapusa ranges from 20°C to 34°C throughout the year.
Real Estate Trends
Rental Yield
Mapusa has an average rental yield of 3-4%.
Capital Appreciation
Real estate in Mapusa has seen a steady capital appreciation of approximately 5% annually over the past few years.
Average Price per sq.ft
The average price per sq.ft in Mapusa is around INR 4000.
Demand & Supply Dynamics
The demand for properties in Mapusa is high due to its strategic location and connectivity. The supply is moderate with a mix of residential and commercial properties.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 100 Airbnb listings in Mapusa, ranging from private rooms to entire villas.
Revenue Potential
The revenue potential for rental properties in Mapusa is high, especially during the tourist season from November to February.
Occupancy Rate
The average occupancy rate in Mapusa's Airbnb properties is around 60%, peaking during the tourist season.
ADR
The average daily rate for Airbnb properties in Mapusa is around INR 2000.
RevPar
The revenue per available room (RevPAR) for Airbnb properties in Mapusa is approximately INR 1200.
Investment Guide
1. Consider investing in locations with proximity to beaches for better rental income.
2. Look for properties near the market area for higher appreciation.
3. Investing in commercial properties can yield good returns due to the town's thriving market scene.
Places to Visit