Frequently Asked Questions

Home Preparation and Real Estate Basics

How do I prepare my home before I sell it?
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When preparing to sell your home, ensure it looks presentable by thoroughly cleaning and making small repairs. Mop floors, scrub bathrooms, and clean the kitchen. Patch wall holes, change burnt-out light bulbs, repair broken appliances, and repaint walls in neutral colours like white, cream, or grey. Depersonalise by removing family photos and personal items to help buyers visualise themselves in the space.

What does carpet area mean in real estate?
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Carpet area refers to the net usable floor space in an apartment, excluding external walls, service shafts, and exclusive balconies, but including internal partition walls.

What does built-up area mean in real estate?
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Built-up area includes the carpet area plus walls and utility ducts, typically making it 15–30% larger than the carpet area.

What is a super built-up area?
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Super built-up area includes the built-up area plus shared common areas, such as staircases, lobbies, and corridors. It is calculated using a loading factor defined by RERA.

Parking Options in Goa

What is stilt car parking?
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Stilt parking involves a raised platform for parking vehicles, allowing multiple levels of parking while maximising land use in urban settings.

What is underground parking?
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Underground parking is located beneath buildings or public spaces, maximising land use and maintaining aesthetic appeal by keeping parking areas out of sight.

Investing in Goa Real Estate

Why invest in Goa real estate?
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Goa offers a thriving tourism industry, picturesque beaches, cultural attractions, and a growing digital nomad community. State government initiatives promote ease of doing business, making it an attractive investment destination. However, thorough market research and regulatory compliance are essential.

Is it safe to invest in property in Goa?
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Yes, Goa's real estate market is stable and growing. Legal due diligence ensures clear titles, proper approvals, and the absence of encumbrances, making property investments secure.

Is renting property in Goa profitable for NRIs?
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Yes, Goa attracts long-term residential tenants and vacation renters. Key locations, such as Candolim, Calangute, and Panjim, offer consistent rental income. We also provide property management services to maximise ROI.

NRI & Foreign Investment

Can NRIs buy property in Goa?
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NRIs can purchase residential and commercial properties but not agricultural land without government approval. Compliance with RBI and FEMA regulations is mandatory. We handle documentation and approvals and ensure smooth property transactions.

Can foreigners buy property in Goa?
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Foreign nationals cannot buy property in India directly, but Persons of Indian Origin (PIOs) and NRIs can purchase residential and commercial properties, excluding agricultural land. We guide you through the legal process.

What is the process for NRI property investment in Goa?
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NRIs must submit documents like a passport copy, a PAN card, and a Power of Attorney (if applicable). We manage legal paperwork, currency exchange, and registration formalities for a hassle-free experience.

RERA – Real Estate Regulation and Development Act

What is RERA?
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The Real Estate Regulation and Development Act (RERA) was enacted in May 2016 to bring transparency and protect homebuyers by regulating the real estate sector.

What is the purpose of RERA?
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To promote transparency, accountability, and timely project completion while protecting homebuyer interests.

Which projects come under RERA?
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All residential and commercial projects exceeding a specified size must be registered with the state RERA authority.

How does RERA benefit homebuyers?
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It ensures project completion timelines, protects against fraudulent practices, and provides dispute resolution mechanisms.

Is it mandatory for real estate agents to register under RERA?
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Yes, agents must register under RERA to legally operate and promote transparent property transactions.

How does RERA handle project delays?
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Developers must adhere to the project timeline and compensate buyers if delayed.

What are the penalties for non-compliance with RERA?
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Non-compliance results in fines, penalties, or imprisonment as per the state’s RERA authority.

How can homebuyers check a project’s RERA status?
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Visit the official state RERA website and search for the project using its registration number.

What information does a developer need to provide while registering a project under RERA?
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Developers must submit:

  • Project layout plans
  • Approvals from local authorities
  • Land title and ownership details
  • Project completion timeline
  • Financial disclosures
  • Details of shared facilities (like underground parking).

This ensures complete transparency and protects homebuyers.

Property Purchase Process in Goa

What approvals are needed before buying property in Goa?
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Ensure a clear Title Deed, No Encumbrance Certificate, Panchayat/Municipal Approvals, and land-use compliance (especially for agricultural land).

What is the property registration process in Goa?
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Registering property involves preparing a Sale Deed, paying Stamp Duty and Registration Charges, and registering at the local Sub-Registrar’s Office after completing due diligence.

How long does the property registration process take in Goa?
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Typically, 7–15 working days if all documents are in order.

What is the Stamp Duty and Registration Charges process in Goa?
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  • Stamp Duty ranges from 6% to 9% based on property value.
  • At Agreement to Sale (AOS), 2.9% Stamp Duty + 3% Registration Charges (totalling 5.9%) are payable upfront.
  • Remaining Stamp Duty is paid at the Deed of Sale (DOS).
  • Tax Deducted at Source (TDS) of 1% is also applicable.

We assist in calculating all costs and ensuring a smooth transaction.

What are the average property prices in Goa?
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  • Residential plots: ₹7,000 – ₹20,000 per sq.m
  • Villas: ₹1.5 – ₹5 crore
  • Apartments: ₹50 lakh – ₹2 crore
How can I verify the legal status of a property in Goa?
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Check the title deed, tax receipts, and Panchayat approvals, and obtain an Encumbrance Certificate. We offer complete due diligence services.

Building and Mutation Process

Can I build my own home on a plot purchased in Goa?
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Yes, apply for a Construction License from the local Panchayat or Municipal Authority. Agricultural land needs conversion first. We manage the entire approval process.

What is the property mutation process in Goa?
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Mutation updates the land records in your name by submitting the Sale Deed, tax receipts, and legal documents to the local Mamlatdar’s office or Panchayat. We provide full support.

Additional Services by Ira Estate

Why choose Ira Estate for your Goa property needs?
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We offer trustworthy, transparent, and personalised real estate solutions in Goa. Our deep local expertise ensures full legal compliance, assisting you at every step — from buying and selling to renting and investing.

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