The opening of Manohar International Airport (Mopa) in Pernem taluka has sparked a real estate revolution in North Goa. Here’s how this transformative infrastructure project is driving unprecedented land value growth in Pernem:

1. Mopa Airport – A Game-Changer for Pernem

• Operational Since January 2023: Located in Pernem taluka, Mopa handled over 4.6 million passengers in its first full year and is projected to accommodate up to 13.1 million by phase-4 completion (2045).

• PPP Model: Developed by GMR Goa International Airport Limited under a public-private partnership, with a 40-year operating concession, extendable by 20 years.

2. Skyrocketing Land Prices Near the Airport

• Current Prices: Land in Pernem averages ₹18,500 per sqm (₹1,850 per sq ft), with airport-proximate plots fetching ₹6,700 per sq ft.

• Annual Growth: Prices have soared by 20–30% annually since the airport became operational, with projections of 27–30% growth over the next 12 months.

3. Why Prices Are Climbing Fast

• Enhanced Connectivity: A six-lane NH-166S links Mopa to NH-66, with a new elevated corridor from Porvorim making Panaji just 30 km away. Popular beaches like Morjim, Vagator, and Anjuna are easily accessible.

• Spillover Development: Over 232 acres near the airport are earmarked for mixed-use projects, including hotels, logistics hubs, and retail centers, boosting infrastructure value.

• Investor Confidence: Surging passenger traffic, luxury hospitality projects, and real estate launches in nearby Assagao and Siolim reflect strong market appetite.

4. Luxury & Mixed-Use Projects on the Rise

• High-End Developments: Developers are launching gated plots, luxury villas, and townships with amenities like clubhouses, security, and modern infrastructure.

• Rental Yields: Properties in the vicinity offer 6.7% rental yields, signaling strong return-on-investment potential.

5. Government’s Role & Strategic Outlook

• Valuation Hikes: Goa’s government increased minimum land valuations in Pernem and Bardez by 130% in late 2024, aligning official rates with market dynamics.

• Connectivity Boost: Upgrades to highways, access via Konkan Railway (Pernem station, 11.7 km away), and the proposed Nagpur–Goa Expressway (expected in 4–5 years) enhance Pernem’s appeal.

✅ What This Means for Smart Investors

Final Verdict

Seizing opportunities in the Pernem-Mopa corridor now—while land remains relatively affordable—offers significant upside. With 20–30% annual price hikes, backed by robust demand, infrastructure upgrades, and supportive public policy, Pernem is fast emerging as one of Goa’s most promising investment corridors.