Frequently Asked Questions
Home Preparation and Real Estate Basics
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.
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.
Built-up area includes the carpet area plus walls and utility ducts, typically making it 15–30% larger than the carpet area.
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
Stilt parking involves a raised platform for parking vehicles, allowing multiple levels of parking while maximising land use in urban settings.
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
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.
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.
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
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.
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.
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
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.
To promote transparency, accountability, and timely project completion while protecting homebuyer interests.
All residential and commercial projects exceeding a specified size must be registered with the state RERA authority.
It ensures project completion timelines, protects against fraudulent practices, and provides dispute resolution mechanisms.
Yes, agents must register under RERA to legally operate and promote transparent property transactions.
Developers must adhere to the project timeline and compensate buyers if delayed.
Non-compliance results in fines, penalties, or imprisonment as per the state’s RERA authority.
Visit the official state RERA website and search for the project using its registration number.
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
Ensure a clear Title Deed, No Encumbrance Certificate, Panchayat/Municipal Approvals, and land-use compliance (especially for agricultural land).
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.
Typically, 7–15 working days if all documents are in order.
- 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.
- Residential plots: ₹7,000 – ₹20,000 per sq.m
- Villas: ₹1.5 – ₹5 crore
- Apartments: ₹50 lakh – ₹2 crore
Check the title deed, tax receipts, and Panchayat approvals, and obtain an Encumbrance Certificate. We offer complete due diligence services.
Building and Mutation Process
Yes, apply for a Construction License from the local Panchayat or Municipal Authority. Agricultural land needs conversion first. We manage the entire approval process.
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
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.