Mandvi Beach Property Set to Rival Goa Real Estate Market

India property had been on the emerging property radar for sometime now, however India’s most incredible offering from an overseas property perspective, is not its urban centres but infact its beachfront locations where prime beach property can be purchased at a snip. Property in Goa has garnered most of the attention having established itself as a cheap beach getaway for sometime now. For those looking for the next beach property hotspot in India, shift your focus to Gujarat, the place of my roots and an overlooked spot on India’s property investment map.
A high profile Incredible India marketing campaign has done much to draw attention to India’s tourist offerings with Goa a prime holiday destination within India. A great deal of media attention has also highlighted international property investment opportunities in city locations such as Delhi, Bangalore, Chennai and Mumbai where suburban hotspots such as the Mira Road are creating demand for quality property on the fringes of India’s major metropolis. These opportunities are squarely aimed at investors looking for a return on equity or longer term rental yield.

by © suresh_krishna

For NRI’s or retirees wanting a beach villa coupled with a cheap cost of living a new alternative to Goa is now on the cards with the advent of India’s new Special Economic Zones (SEZs). The westernmost state of India, Gujarat borders Pakistan to its north and the Rajastan state to the northeast and the Arabian Sea makes up its western coast. The planned city of Gandhinagar is Gujarat’s capital and is the main commercial centre of Gujarat which today is India’s most industrialised state.

Enjoying a diverse climate throughout the state, Gujarat enjoys hot, scorching summers but its dry, mild and pleasant winters with daytime temperatures averaging 29º, hold huge appeal for snowbirds retirees wishing to escape the harsh domestic winters of their homelands and make their pension stretch that little further.

One of Gujarat’s best beaches, Mandvi, a village of boat builders, is set offer a competing experience to rival beach property hotspot Goa. According to an article in The IndiaTimes , the decision by the state government a few months back to relax liquor norms and allow private parties to set up bars on Mandvi beach in Kutch means it won’t be long before you will be able to soak up the sun and down a few beachside cocktails. Easy access by road, rail and air including daily flights from Mumbai into Bhuj airport.

Designated a “special entertainment zone”, Mandvi beach will be developed as the first major endeavour of the Gujarat government under its new tourism joint venture company set up with the Tourism Corporation of Gujarat Ltd (TCGL) and Infrastructure Lease and Finance Services. Mandvi beach will enjoy the privileges allowed to India’s 24 special economic zones (SEZ) and which will also be a tax free regime. A seven-km stretch between Mandvi and Bhrabudi village, towards Mundra port, has patches of government and forest land, which can be put to use for developing the entertainment zone. Also, a 10-km stretch from Mandvi to Pingleshar in the north can be explored for the venture.

“The proposed joint venture company, Tourism Project Development Company of Gujarat Ltd, will develop roads, drainage facilities, lay water pipelines, identify suitable sites for hotels, bars and restaurants before inviting private parties to bid,” a senior official said. He also revealed, “The TCGL has one lakh square metres of land along the sea coast. The government team will see if more land can be made available, so that more than one private party can be asked to develop the area as it has one of the best sea beaches in the country.”

Chief secretary Sudhir Mankad will lead a team of top officials including principal secretary (revenue) Vilasini Ramachandran and TCGL managing director P D Vaghela to Mandvi to identify and finalise the land needed for developing the entertainment zone.

Mandvi is one of the finest beaches on Gujarat’s shoreline, shallow waters lap against crystal white sands where you can enjoy a variety of water sports, try your hand at a water scooter and parasailing. Minutes offshore from Mandvi you can enjoy a daytrip to the Mediterranean island of Diu, a treasure-trove of Portuguese colonial period architecture, a sea-shell museum, Diu Island is also home to a series of fantastic beach resorts including Nagoa and Gangeshwar which is soon to be developed into a tourist resort.

Property in Mandvi beach, whilst not on the overseas property radar just yet is definitely one to watch for those of you looking to buy property in India.

If you are interested in learning more about property products in Mandvi or would like further details on how to go about investing in property in India click here to contact Nubricks.com