Porvorim
Porvorim, the legislative capital of Goa, is a fast-developing suburb known for its greenery, beautiful homes, and proximity to popular tourist destinations.
About the location
Overview
Porvorim, or Parvari, was once a small village in Bardez taluka of North Goa and is now known as the legislative capital of the state. The suburb is located on the right bank of the Mandovi River, making it an important strategic location in Goa's geography. Its rise to prominence came with the shifting of the Goa's Legislative Assembly to the area, which pushed its rapid development and urbanization.
The Lifestyle
The community in Porvorim is a mix of local Goans and people from different parts of the country who have made it their home. The lifestyle is relaxed and laid-back, typical of Goan culture, but with a touch of urban sophistication. The area is known for its greenery, cleanliness, and well-planned infrastructure.
Attributes
Legislative Capital of Goa | Rapidly Developing Suburb | Green and Clean Environment | Mix of Urban and Rural Lifestyle | Strategic Location | Proximity to Tourist Destinations
You're sure to adore
Porvorim's charm lies in its blend of urban development and the natural beauty of Goa. The area is adorned with beautiful villas and apartments, providing a picturesque view against the backdrop of the lush green environment. Its strategic location offers easy access to the beaches of North Goa and other popular tourist destinations.
The Market
The real estate market in Porvorim is growing at a steady rate with property prices ranging from INR 4,000 to INR 7,000 per sq. ft. The demand for property in Porvorim is due to its strategic location and the rise in infrastructure development.
Connectivity
Airport
The nearest airport is Dabolim Airport, located about 36 km away from Porvorim.
Bus
Kadamba Transport Corporation operates buses connecting Porvorim to other parts of Goa.
Train
The nearest railway station is Thivim Railway Station, around 12 km away.
Road
The city is well connected by highways, NH 66 passes through Porvorim.
Social Infrastructure
Educational Institutions
Porvorim houses some reputed educational institutions like the Holy Family High School and Vidya Prabodhini College. It also has well-equipped hospitals like the Goa Medical College and Vision Multispecialty Hospital.
Hospitals
Prominent hospitals include the Goa Medical College and Vision Multispecialty Hospital.
Crime Rate
Porvorim is considered one of the safer parts of Goa, with a relatively low crime rate.
Geography
Soil
The soil in Porvorim is primarily lateritic, suitable for vegetation like cashew, mango, and coconut trees.
Topography
Porvorim is located on a plateau on the banks of the Mandovi River.
Altitude
Porvorim is approximately 7 meters above sea level.
Flora & Fauna
The region is home to many species of birds, butterflies, and trees like teak, cashew, and mango.
Climate
Season at a Glance
Porvorim has a tropical monsoon climate, with a hot summer, heavy monsoon, and mild winter.
Rainfall
The average annual rainfall in Porvorim is approximately 3000 mm.
Temperature
The temperature in Porvorim varies from 20°C to 35°C throughout the year.
Real Estate Trends
Rental Yield
The average rental yield in Porvorim is around 3-4%.
Capital Appreciation
Capital appreciation in Porvorim has been steady at around 5-6% annually in recent years.
Average Price per sq.ft
The average price per square foot for residential properties in Porvorim is around INR 4500.
Demand & Supply Dynamics
There is a steady demand for residential properties in Porvorim, with a growing supply of new developments.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are around 100 Airbnb listings in Porvorim, ranging from private rooms to entire villas.
Revenue Potential
The potential revenue from Airbnb rentals in Porvorim can range from INR 1500 to INR 10,000 per night depending on the property.
Occupancy Rate
The occupancy rate for Airbnb rentals in Porvorim is around 60-70%.
ADR
The Average Daily Rate for Airbnb rentals in Porvorim is around INR 3500.
RevPar
The Revenue Per Available Room in Porvorim is approximately INR 2100.
Investment Guide
1. Investing in villas and residential plots can yield good returns due to increasing demand. 2. The commercial real estate market is also growing, making it a good investment opportunity.
3. Proximity to tourist spots can make short-term rentals a profitable venture.
Places to Visit
9 km | Popular city beach ideal for evening strolls and leisure activities.. This serene location is perfect for nature lovers, offering a peaceful retreat amidst stunning natural beauty. Visitors can indulge in various outdoor activities such as photography, hiking, and wildlife exploration, or simply enjoy the tranquility of the surroundings. It's an ideal spot to reconnect with nature and experience its untouched charm.
7 km | Famous heritage landmark and iconic tourist spot in Goa.. This serene location is perfect for nature lovers, offering a peaceful retreat amidst stunning natural beauty. Visitors can indulge in various outdoor activities such as photography, hiking, and wildlife exploration, or simply enjoy the tranquility of the surroundings. It's an ideal spot to reconnect with nature and experience its untouched charm.
2 km | Largest shopping mall in Goa with premium brands, multiplex, and restaurants. It is a popular destination for nature enthusiasts and travelers seeking serenity. The location offers mall de goa with opportunities for mall de goa and exploring the natural beauty of the area. Visitors can enjoy activities like hiking, photography, and wildlife sightings in a peaceful, untouched setting.
9 km | Popular city beach ideal for evening strolls and leisure activities.. This serene location is perfect for nature lovers, offering a peaceful retreat amidst stunning natural beauty. Visitors can indulge in various outdoor activities such as photography, hiking, and wildlife exploration, or simply enjoy the tranquility of the surroundings. It's an ideal spot to reconnect with nature and experience its untouched charm.