Rio De Goa Holiday Apartment (Dabolim, Goa)

Dabolim is a micro market in close proximity to the Dabolim airport of Goa. This is an international airport hosting charters and scheduled flights from many countries. Goa is the top selling holiday destination in India and every Indian has visited or will visit Goa multiple times. With a unique culture owing to its being a colony of Portugal as opposed to England like most of India and it's more recent liberation and assimilation into India, Goa has a unique place in the tourism map of India and will remain the primary place that Indians travel to for the sun, sand and frolic. Dabolim is versatile in it's appeal with a target audience that includes holiday makers, families, business travelers to the nearby industrial area and also parents and family member of students studying at the well renowned Engineering School BITS- Pilani Goa - which is a short drive of 2 km from the site.

Tripvillas is one of the leading Asset managers focused on vacation properties. With a portfolio of over 2000 Vacation homes under direct management and a development pipeline of over 4000 homes, Tripvillas is one of the most experienced and reputed managers of vacation homes. As part of their deep expertise, the Tripvillas team has 360 degree expertise in Property Management encompassing site selection, design, development, fitout, rental management and maintenance.

This is a high quality asset from one of the leading real estate developers in India. The strategic location in one of India's top vacation destinations combined with a large scale of operations and high quality facilities such as a restaurant, spa, gym, multiple pools, daily shuttle to the mall and beach etc. make this a top choice for families looking to holiday in India. We expect this development to continue to perform at over 50% occupancy on a conservative basis given it's scale, quality and overall quality of management. Tripvillas operations have already commenced and the property is seeing good reviews, high booking velocity and the overall quality of the amenities, service standards, quality of infrastructure has been widely appreciated by guests. As such, we see significant scope for appreciation in the property value and a steady income stream going forward. Post the Pandemic, we see many well heeled families buying and residing extensively in Goa and communities such as Rio De Goa will benefit disproportionately from this influx.