Pilerne
Pilerne is a serene and verdant village in North Goa, famous for its rich heritage, picturesque landscapes, and tranquil environment.
About the location
Overview
Pilerne, situated in Bardez taluka in North Goa, has a rich history dating back to Portuguese colonial times. It's nestled amidst lush greenery, rolling hills, and placid lakes, making it a haven for nature lovers. The village is known for its beautifully preserved Portuguese houses and churches, reflecting Goa's unique blend of Indian and Portuguese cultures.
The Lifestyle
Pilerne is known for its laid-back lifestyle, tight-knit community, and rich cultural heritage. The locals, mainly comprising of Konkani-speaking Goans, are warm and hospitable, adding to the charm of this peaceful village. The annual festivals, particularly the feast of St. John the Baptist, are celebrated with great enthusiasm.
Attributes
Serene Natural Beauty | Rich Cultural Heritage | Friendly Local Community | Proximity to Goa's Key Attractions | Affordable Real Estate
You're sure to adore
Pilerne's tranquil environment is a respite from the bustling tourist hotspots of Goa. Its beautifully preserved architecture, rich history, and friendly locals make it a charming destination. The village's close proximity to the popular beaches of North Goa is an added advantage.
The Market
The real estate market in Pilerne is growing due to its strategic location and natural beauty. The property prices range from INR 3,000 to 5,000 per sq. ft., with luxury villas and Portuguese-style houses being the most popular. The market has seen steady growth in recent years, thanks to the rising demand for holiday homes in Goa.
Connectivity
Airport
The nearest airport to Pilerne is the Dabolim Airport, Goa, located approximately 40 kilometers away.
Bus
Pilerne is well-connected by bus services with frequent buses to Panjim, Mapusa, and other neighboring towns in Goa.
Train
The nearest railway station is Thivim Railway Station, located about 14 kilometers away from Pilerne.
Road
Pilerne is located close to the NH 66, a major highway connecting Mumbai to Kanyakumari.
Social Infrastructure
Educational Institutions
Pilerne houses several reputed educational institutions like the Holy Family High School. The nearest hospitals include Vision Multispecialty Hospital and Primary Health Centre.
Hospitals
Prominent hospitals in Pilerne include Primary Health Centre Pilerne and Vision Multispeciality Hospital.
Crime Rate
Pilerne enjoys a low crime rate, owing to its tight-knit community and peaceful atmosphere.
Geography
Soil
The soil in Pilerne is primarily lateritic, suitable for the growth of a range of tropical and subtropical crops.
Topography
The village is situated on a plateau surrounded by hills, with Pilerne Lake adding to its natural beauty.
Altitude
Pilerne is located at an approximate altitude of 7 meters above sea level.
Flora & Fauna
Pilerne is rich in tropical flora and is home to various species of birds, particularly around Pilerne Lake.
Climate
Season at a Glance
Pilerne experiences a tropical monsoon climate with a hot summer (March to June), monsoon season (June to September), and a mild winter (November to February).
Rainfall
Pilerne receives heavy rainfall during the monsoon season, with an average annual rainfall of about 3000 mm.
Temperature
The temperature in Pilerne ranges from a minimum of 20°C in winter to a maximum of 35°C in summer.
Real Estate Trends
Rental Yield
The average rental yield in Pilerne is about 3-4% annually.
Capital Appreciation
Pilerne has seen a steady appreciation in property prices over the past few years, with an annual growth rate of about 5-6%.
Average Price per sq.ft
The average price per sq.ft in Pilerne is around INR 5000.
Demand & Supply Dynamics
There is a balanced demand and supply of properties in Pilerne, with a slight lean towards demand due to its serene environment and proximity to major cities.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
Pilerne has a variety of assets, including residential houses, apartments, and about 50 Airbnb listings.
Revenue Potential
With its growing popularity as a residential and tourist area, Pilerne holds strong potential for revenue generation, especially in the hospitality and real estate sectors.
Occupancy Rate
The occupancy rate for rental properties in Pilerne is around 70-80%, and for Airbnb properties, it varies seasonally, peaking at about 80% during the tourist season (November to February).
ADR
The average daily rate (ADR) for Airbnb properties in Pilerne is around INR 3000.
RevPar
The revenue per available room (RevPAR) for Airbnb properties in Pilerne is approximately INR 2400 during the peak season.
Investment Guide
1. Invest in villas or Portuguese-style houses which are in high demand.
2. Consider properties near tourist hotspots for better rental yields.
3. Investing in properties for short-term rentals like Airbnb can yield good returns during the tourist season.
Places to Visit
