Daman and Diu is a merged region located on the west coast of India. These two territories are situated within the state of Gujarat. The coastal town Daman is located close to Vapi city of Gujarat, while Diu is near Saurashtra Peninsula in Gujarat.
These were the part of Indian Portuguese territories along with Goa and joined Indian union in 1960. Daman is administrative headquarter of both the territories.
The smallest union territory of the country has close proximity to Mumbai. The natural scenic beauty makes Diu and Daman a hot tourist destination, and in order to develop tourism activities, the governing authorities of the town have passed new laws and have spent a fortune on enhancing the infrastructural amenities. These efforts are directly stimulating the growth of Daman Diu real estate markets. The overall development of Daman and Diu property market has attracted real estate builders from all around the country to invest in the region. As a result, the property rates in the town established a new pinnacle during the year 2011.
The historical background and peaceful environment of the town gives you great relief from the bustling and hectic city life. Having a residential property in Daman & Diu offers a mix of tribal and urban lifestyles. Moreover, easy availability of property loans has made it easier to buy a beach house, bungalow, resort, villa, or a cottage in the Daman and Diu real estate market.
The beaches in Daman attract visitors for the wide variety of sport activities, including swimming, water games, and Jampore, it offers. This is an ideal location for a picnic or an outing with the family or friends. Imagine how much fun it would be to have your own house amidst the serene and calm ambience of Daman and Diu! You can drop in any time without having to worry for hotel reservations and unnecessary expenditure.
Price Trends – Commercial and Residential Properties
2BHK apartments of about 1000 square feet area in Daman are available for around Rs. 15 lakhs, while a semi-luxurious 1090 square feet apartment in Daman costs about Rs. 23 lakhs. A 2BHK 1380 square feet flat at Vapi, Daman, costs nearly INR 30 lakhs.
Commercial Properties
The cost of the industrial or commercial land in Daman is close to Rs. 1500 per sq. ft. If you want to invest in a 3-star hotel of 47,000 sq. ft. area, then the cost of the massive property would come close to Rs. 14-15 Crores, but you can be rest assured of huge profits due to the lack of stiff competition in the hospitality industry here.
The price of the commercial land starts from Rs. 14,000 per square meter. A 1540 sq. meter commercial land suitable for building a resort or hotel in Nagva, Diu, costs around Rs. 16,000 per sq. meters. A perfect property (non-agricultural land) of 4300-4500 square feet at Taniwadi, Diu, will come for Rs. 60 lakhs.
A short term/vocational 2-bedroom flat with all comforts and amenities of a home, unlike hotel, measuring around 900-1000 square feet would be an ideal choice for short-term boarders. The charges in the apartment during weekdays are around Rs. 1500/day; on weekends, the charges go up to Rs. 2000/day.
A 1-BHK holiday home near Nani Daman has a rental value of Rs. 1200-1400/day, so you may want to invest in one of these, and enjoy great returns in the form of monthly rental incomes to use it as your retirement home later on.
If you fancy buying an established three star hotel of 60 fully furnished rooms located at the heart of main city of Daman, you will definitely have to shell off well over a whooping Rs. 20 Crores.
Looking at the rental value of the properties, a 3BHK flat of 220 square meters near Jog Hospital, Daman, is usually rented out at about Rs. 15,000/month.
Property Dealers
Some of the reliable realtors operating in Daman Diu real estate markets include -
Hilton Sanitary Ware: Along with buying and selling of properties, they provide glass basin, shower enclosure, ceramic series, shower panel, bathroom accessories, sink to their customers too, making it a one-stop shop for your home.
N N Bamania: They offer the best deals in commercial, residential, agricultural, and industrial properties in Diu and Daman.
Pride Properties: One of the leading realtors, who give the best deals on buying, selling all kinds of properties, including residential, industrial and commercial.
