




The top 10 five-star hotels are boasting 100 per cent occupancy on weekends and 80 per cent during the week. Goa is rocking. For both busi-ness and leisure. It’s now a 365-day op-tion for a vacation.
When Delhiite Dhiraj Arora, 31, felt he needed to expand his restaurant brand Shalom, he headed to Mumbai first. After licensing issues curtailed his plans there, he decided to explore Goa. After a quick survey, Arora found that along with the backpacker tourist, the big budget foreign traveler is coming here, andGoa isthehottestdestination for north Indians, since airfares have dropped. Arora opened Shalom in a bright,Mediterranean-stylehousefac-ing the buzzing Calangute beach. He’s also launched a hotel in the south and an Italian restaurant, Italics, in Baga.“I believe Goawillbethe Spainof theeastin three years,” he says. “The hospitality and atmosphere here beats Phuket, Bali andMauritiushandsdown.”
However, land prices throughout Goa have skyrocketed—there’s been a property buying frenzy since 2005.
Arora bought his one-acre plot in Calangute last year in June for Rs 80 lakh. He received an offer of Rs 4 crore 11 months later. Realtors like DLF and MGF have announced massive hous-ing projects. OnedeveloperfromDelhi is building 34 villas on a hillside over-looking the scenic Mandovi river. Each cottage comes with a private swim-ming pool. Cost per villa: Rs 2 crore. Besides holiday homes, there are malls, cinema halls and plush apart-ments surfacing everywhere.
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