The Mopa airport is expected to attract investments worth ₹2,700 cr by 2030 in the region.

The development of Goa's new Manohar International Airport (Mopa) is driving property developers to acquire land near the Goa-Maharashtra border to construct expansive townships and capitalize on an anticipated surge in demand.

Given the scarcity of land in Goa, developers are securing land parcels on the Maharashtra side for large-scale real estate ventures.

For instance, Axis Ecorp recently procured 150 acres, Yugen Infra acquired 300 acres, and Axon is initiating a 600-acre mixed-use project in collaboration with Ess Vee Developers.

Aditya Kushwaha, CEO and Director of Axis Ecorp, remarked, "Not only residents from cities across India, but also Indians residing abroad are eager to invest in holiday homes. The airport has catalyzed development in areas with ample land availability, enabling developers to plan diverse amenities."

Yugen Infra, a collaborative effort between Timespro Consulting LLP and V K Developers Pvt. Ltd, intends to enlarge its initial 300-acre acquisition, setting aside an estimated cumulative gross development value (GDV) of Rs 1,000 crore, with an initial investment of Rs 150 crore.

Sheeshram Yadav, Managing Director of Yugen Infra, highlighted the allure of Goa as a prime market due to its robust appreciation, high rental yields, and popularity as a second home destination. He emphasized the significance of the airport and nearby star hotels, making the project location highly attractive for businesses.

According to industry forecasts, the Mopa airport is expected to attract investments worth Rs 2,700 crore by 2030 in the region and its environs, primarily focusing on luxury hotels, eco resorts, nature retreats, and homestays.

Sachin Arora, Founder of real estate consultancy Moneytree Realty, noted the evolving real estate landscape in Goa, with emerging areas drawing investor interest due to their future potential.

Property prices in the Mopa region have witnessed an annual rebound of 20-25% since the airport's inauguration, reflecting a robust resurgence in tourism post-pandemic. The coastal state's tourism sector has experienced an average occupancy rate exceeding 70%, reaching full capacity during extended weekends.