E-mail: rishaddcruz@gmail.com for a consultation
Cardinal rule: If you are looking at rental yield to finance your investment, DO NOT BUY.
Rishad D’Cruz is an honors alumnus of the University of Wales, UK. With an MBA in marketing and a degree in business as well as digital media, he worked in London at a private college in the marketing department after which he was headhunted by a leading developer in Goa to work as a Marketing manager. Two years later he co- founded Rain Developers, a property development, project management and construction-contracting company in Goa, India. He has undertaken multiple development projects for India’s most successful individuals, from Politicians and Industrialists to cricketers. Some of his UK based clients have commissioned his organization to plan and execute complex Architectural design briefs. With over eleven years of experience in the real estate field, in Goa and the UK, he has a keen eye for detail and an in-depth knowledge of the intricacies of the planning application system in the state of Goa. All the information and opinions expressed in his vlogs are a combination of his experience and observations.
Cardinal rule: If you are looking at rental yield to finance your investment, DO NOT BUY.
Avoid these apartments in Goa:
1. High rise developments over 6/7 storeys and 500 units
2. Low quality construction traded with amenities
3. Modern design elements like multi-coloured cladding, panels and jazzy lighting/frontage
4. Developers that have no prior experience in Goa
5. Low cost housing/community housing projects etc
Areas to avoid:
Kadamba Plateau
Mopa
Why have I arrived at this conclusion?
1. Economies of scale result in low quality construction practices
2. Destruction of Goas landscape
3. No sensitivity in design
4. Poor maintenance as members of societies are never invested emotionally in the day to day activities of the development
5. Low rental yield
6. Low or negative capital appreciation
7. Garbage pollution mismanagement
What to look for when buying an apartment?
1. Low rise low density
2. Past projects
3. Colonial design over modern box trends
4. Quiet rural areas
17 окт 2024
