Goa's booming aviation and infra growth attracts real estate players; Sattva launches Water's Edge II
The move reinforces the tremendous residential market potential of the state, highlighting how improved connectivity and infrastructure development.
The company said in a release that the launch underscores a broader transformation in India's residential market, where enhanced connectivity and shifting lifestyle aspirations have turned coastal properties into primary residences for a diverse and affluent demographic, including Non-Resident Indians, senior professionals planning retirement, and high-net-worth individuals seeking curated lifestyle experiences.
The second phase of construction builds on the success of the initial Water's Edge project, demonstrating Goa's expanding high-end residential landscape.
The rapid growth in Goa's aviation infrastructure, with the operational Dabolim International Airport and the new Manohar International Airport at Mopa, has significantly enhanced the region's accessibility.
The new project leverages the advantage of proximity with Dabolim at a time when remote work enables professionals to operate from any location, including coastal areas.
'The fundamental shift we're witnessing isn't just about where affluent Indians choose to live; it's about how they're redefining the concept of home itself,' said Karishmah Siingh, President - Sales, Marketing & CRM, Sattva Group.
The firm said that the market fundamentals of the state have supported the new project launches, strengthening confidence for further projects.
Goa is emerging as one of India's hottest real estate investment destinations, with residential property prices skyrocketing by 66.3 per cent year-on-year, according to Magicbricks.
This surge is cementing Goa's reputation as a go-to destination for vacation homes, retirement properties, and long-term rental investments.
The launch comes at a time when leading developers are increasingly exploring coastal regions as viable alternatives to saturated urban markets.
Industry analysts note that infrastructure-led growth in these areas could redefine residential choices for India's professional class, with ripple effects on workforce movement and regional economic development. With increased interest from major real estate players, Goa is steadily evolving from a holiday hotspot into a thriving residential and investment hub.
The firm with over three decades of expertise is headquartered in Bengaluru, India; it is also a well-known name in Hyderabad, Kolkata, Pune, Coimbatore and Goa. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
UPI AutoPay set to drive incoming wave of consumer AI companies in India
The launch of UPI AutoPay has led to a new breed of startups and is helping others tweak their strategy to make the best use of the technology. The shift comes at a time when Indians are spending more time and money on the internet. AutoPay's adoption has been sector agnostic. Between 2024 and 2025, startups in edtech, wellness, health tech, fintech, as well as media and entertainment, have raised nearly $7.6 billion from venture capital firms, according to startup data intelligence platform Tracxn. Some of the firms that have adopted a subscription model or have enabled UPI AutoPay include content platforms like Kuku FM and Pocket FM, edtechs like SpeakX, Khare Classes, and Seekho, and wellness platforms like mental health startup Wysa and weight loss and nutrition tracking startup HealthifyMe. 'Anywhere that people need to make regular payments, whether it's towards entertainment or financial services, AutoPay is boosting that,' said Munish Vaid, vice president at global consulting firm Primus Partners. In 2025, India will have over 900 million internet users, according to a 2024 report from market research firm Kantar and the Internet and Mobile Association of India. As a result, UPI AutoPay's adoption is also set to increase. But it isn't new to us. Indians have always paid for television channels and newspaper subscriptions, and even milk. 'AutoPay has opened people up to subscriptions online. It isn't a new market, this is the offline market that is coming online,' said Anant Vidur Puri, partner at global investment firm Bessemer Venture Partners. Indians spend an average of nearly seven hours a day accessing various services and products on the Internet, according to social media intelligence firm Meltwater. Mobile devices account for 58% of this time. Launched in 2021, the National Payments Corporation of India (NPCI) introduced UPI AutoPay, a functionality for recurring payments that allows users to set up e-mandates for things ranging from electricity bills to mutual fund systematic investment plans to even OTT subscriptions. As a result, startups have pivoted their business models: subscription-first platforms priced for the Indian consumer. 'What UPI AutoPay has done is that it has enabled people to recurringly pay for something they want to pay for,' said Puri. The transaction volume of UPI AutoPay from the top 10 remitter banks nearly doubled to 29.29 million in May 2025 from 16.73 million in May 2024, according to data from the National Payments Corporation of India, which runs UPI. In contrast, the volume of UPI transactions in May this year alone stood at 18,677 million, valued at ₹ 25 trillion. Harsha Kumar, partner at Lightspeed India, said, 'UPI was the first large tailwind because of which transaction platforms such as ecommerce, transportation and utility all grew. Now, UPI AutoPay is the next big tailwind on the back of which we will see a bunch of fintech and content solutions come up. It's because these are two models where AutoPay or subscription works best." The volume of UPI transactions has gone to 13,116 crore in FY24 from 92 crore in FY18, a compound annual growth rate of 129%. For example, prior to UPI AutoPay, consumers would make mutual fund investments through systematic investment plans (SIPs), doing it through accounts on MF websites. Essentially, AutoPay makes it easier for people to set up their SIPs on brokerage apps like Groww, Zerodha and AngelOne. AutoPay reduces friction for both users and businesses. Traditional subscription systems use credit cards, a financial product with little penetration in India. In comparison, UPI AutoPay is mobile-first, low-cost, and works for small-ticket services. Thirty-seven million AutoPay mandate registrations were made in January this year alone. English-language learning startup SpeakX uses a subscription model, enabled by AutoPay. 'We've been able to capture a market which was untouched because digital penetration there was low. What it has enabled is access to people who want solutions, and it has become feasible for us to serve them at an affordable cost,' said company founder and chief executive Arpit Mittal. The company's product has seen considerable traction from lower-income groups as well as Tier-II and Tier-III cities, primarily due to its ₹ 300-a-month subscription model. Mittal argues that prior to the enablement of AutoPay, consumer companies had to be sales-led in order to convince users to join a platform. 'If I had to do SpeakX five years ago, my only option would be to sell packages to people, and not subscriptions. As a result, my product would be priced very differently and it would be out of the reach of many Indians,' Mittal said. SpeakX is raising up to $15 million in a pre-Series B round, the largest for a personalised AI-led edtech platform so far this year. Existing investor Elevation Capital has already paid the company. Other investors include consumer tech VC firm Goodwater Capital and global investment firm WestBridge Capital. Seekho, an online edutainment OTT platform, pivoted from a yearly payment model to a monthly one. The company had started out at the same time as the National Payments Corporation of India launched AutoPay back in 2021. At the time, monetisation wasn't the goal. By 2023, the company pivoted to a monthly subscription, led by AutoPay. 'It helped us drive good user retention, and for us, we saw it as an opportunity to finally build Netflix-like subscription businesses in India, something that wasn't possible before,' said Rohit Choudhary, founder and CEO of Seekho. As a result of the switch, the company was also able to increase its pricing, starting at ₹ 99 per month before raising it to ₹ 199 a month. That's what Seekho used to charge users yearly before. The pivot was led primarily because the company realised they could acquire more users and keep them engaged for less money spent. 'We saw recurring subscribers increase 3 to 4 months after we shifted to a monthly plan. After that, however, we had returning users coming back, which is where we saw hockey stick growth,' said Choudhary. Seekho claims that it currently has four million users and retains between 30 to 35% of its users over a 12-month period. Their market is spread across India. In terms of revenue, the company said they make ₹ 40 crore every month and that 85% of their user base are paying customers. Choudhary narrates a user interview who said that, considering they require ₹ 400 to recharge their phone every month, paying ₹ 200 to learn isn't a bad deal. 'This is how people compare their spends with Seekho. They don't really compare it with OTT platforms, but to a newspaper or a coaching class where they're paying to learn something.' But there's still a long road ahead. Often, the AutoPay mandate cancellations are hard to find, and users complain that they're losing money on something that they didn't want to continue to pay for. A letter had been sent to the Reserve Bank of India (RBI) from 'an aggrieved user' earlier this year, alleging unfair auto-debit practices from some of these startups. The letter said that some of these apps didn't provide users a simple way to cancel auto debits and were instead being forced to rely on UPI apps to make those cancellations. 'Eventually, builders will learn how to build for AutoPay, and consumers will learn how to manage AutoPay,' said Lightspeed India's Kumar. 'But we're headed in the right direction.'
India.com
2 hours ago
- India.com
No Business, No Property? No Problem – UAE Opens Doors To Lifetime Residency For Indians
New Delhi: In the bustling visa offices of Delhi and Dhaka, there is a new buzz. It is not about real estate and launching companies. It is about a golden card to the Gulf minus the old baggage. For years, wealthy Indians dreaming of living in Dubai or Abu Dhabi had to buy properties worth crores or pour money into businesses. No papers, no penthouses, no visa. But that rulebook just got a rewrite. The United Arab Emirates (UAE) has rolled out a nomination-based Golden Visa for Indians. You do not need a trade license. You do not need to purchase property. You do not even need to set foot in the UAE before your visa gets stamped. All you need is AED 1,00,000 (about Rs 23.3 lakh) and a clean slate. No criminal records. No money laundering. No social media skeletons. It is a pilot. India and Bangladesh are the first to get a seat at this new table. And the UAE is not doing it out of charity. This move is tied to growing partnerships, especially the Comprehensive Economic Partnership Agreement (CEPA) with India that kicked off in May 2022. The Golden Visa has gone from being an elite prize to a soft-power tool. The paperwork is not a free-for-all. Rayad Group, a UAE-based consultancy, has been appointed to manage the nomination process. They are running background checks – deep ones. Think financial trail, legal history and digital footprint. Once done, they will forward the names to UAE officials for final approval. 'This is a golden window for Indian professionals, thinkers, creators and even retirees. You do not need to be a tycoon to live in the Emirates anymore,' said Rayad Kamal Ayub, who heads the group. Applications can be filed through One Vasco centres in India and Bangladesh or online via Rayad's portal. The numbers are already ticking. Over 5,000 Indians are expected to apply in just the first three months. And it is more than just a visa. It is a lifetime card. It gives you the right to live, work, sponsor family members, hire domestic help and do business. Unlike the earlier property-based system, this new visa does not vanish if you sell your house or shut your company. That is a big shift and a calculated one. The UAE wants more Indians. More long-term residents. More ties that go beyond weekend tourism and Expo selfies. The Gulf country is reshaping who it wants inside its borders, and India is clearly in its top picks. The plan does not stop here. China and other CEPA nations are next. The message is the Gulf is open for long-term bonds, not just short-term profit. For tens of thousands of Indians looking westward, this a lifeline and a statement. The gates have opened – this time, without a price tag on property deeds.
India Gazette
2 hours ago
- India Gazette
PM Modi meets Uruguay Prez on sidelines of 17th BRICS Summit
Rio de Janeiro [Brazil], July 7 (ANI): Prime Minister Narendra Modi met on Monday with Uruguay President Yamandu Orsi on the sidelines of the BRICS Summit in Rio de Janeiro, Brazil and discussed the expansion of the India-MERCOSUR Preferential Trade Agreement. According to the Ministry of External Affairs, the two leaders held discussions covering the full spectrum of bilateral relations. 'They reviewed cooperation in the areas of digital collaboration, ICT, Digital Public Infrastructure and UPI, defence, railways, health and pharmaceuticals, agriculture, energy, culture and people-to-people linkages,' the MEA said in a statement. 'A key area of discussion was strengthening bilateral trade and investment. Both sides expressed interest in the expansion of the India-MERCOSUR Preferential Trade Agreement, aiming to unlock greater economic potential and trade complementarities,' it added. Prime Minister expressed gratitude to President Orsi for the strong condemnation of the recent barbaric terrorist attack in Pahalgam and appreciated Uruguay's solidarity with India in the fight against terrorism in all its forms and manifestations. The meeting reaffirmed the commitment of both countries to develop a forward-looking bilateral partnership. Sharing the pictures of the bilateral meet, PM Modi wrote, 'Happy to have met President Yamandu Orsi of Uruguay on the sidelines of the BRICS Summit in Brazil. Close ties between our nations are important for the Global South.' 'India is committed to doing everything possible to further deepen relations with Uruguay. In this context, we discussed how to boost cooperation in areas like trade, chemicals, pharmaceuticals, technology, defence and more. The rising popularity of Yoga in Uruguay is wonderful for boosting people-to-people ties,' the post added. Currently, PM Modi is in Rio de Janeiro for the 17th BRICS Summit being held from July 6 to 7. Earlier, PM Modi, along with other BRICS leaders, partners and outreach invitees, gathered for the traditional family photo at the 17th BRICS Summit in Rio de Janeiro on Monday morning (local time). While addressing the session on Environment, COP 30, Global Health, PM Modi said India would redefine the BRICS grouping under its upcoming chairmanship by focusing on 'Building Resilience and Innovation for Cooperation and Sustainability.' Addressing the BRICS Summit in Brazil, PM Modi said, 'Under India's BRICS Chairmanship, we will define BRICS in a new form. BRICS would mean 'Building Resilience and Innovation for Cooperation and Sustainability'.' He affirmed that New Delhi would carry forward the spirit of people-centric progress during its leadership of the bloc comprising Brazil, Russia, India, China, and South Africa.' In the coming year, under India's BRICS Chairmanship, we will continue close cooperation on all subjects,' the Prime Minister said. Modi underlined how India's presidency of the G20 elevated the concerns of the developing world and promised a similar approach for BRICS. 'Just as during our G-20 Presidency, we ensured inclusivity and prioritized issues of the Global South in the agenda,' he said, 'In the same way, during our BRICS Chairmanship, we will take this forum forward with a people-centric approach and the spirit of Humanity First.' During the summit, the leaders held productive discussions on various issues on the BRICS agenda, including reform of global governance, enhancing the voice of the global south, peace and security, strengthening multilateralism, development issues, and Artificial Intelligence. Earlier, PM Modi thanked the Brazil President Luiz Inacio Lula da Silva for his warm hospitality and the successful organisation of the Summit, the statement added. (ANI)
