Goa
The real estate landscape in Morjim is characterized by its high-end residential offerings, particularly villas that command premium pricing. Recent quarterly data shows pricing adjustments, with rates moving from ₹21,900 in late 2025 to current levels of ₹22,500 per sq ft. Rental activity in the surrounding region remains consistent, with various nearby hubs offering a baseline rental rate of ₹50 per sq ft. Investors continue to monitor these shifts as the market balances supply with high demand for coastal properties.
As of June 2026, the average asking price in Morjim stands at ₹22,500 per sq ft. This figure reflects a depreciation of 10.49% when compared to the price levels observed in the preceding period, indicating a market correction in the villa segment which dominates the local residential landscape.
Property prices in Morjim have shown a fluctuating trajectory leading up to June 2026. Data shows the average location rate was ₹22,500 per sq ft in March 2026, down from ₹25,150 per sq ft in December 2025, and up from ₹21,900 per sq ft in September 2025. This volatility suggests that buyers and investors should monitor the market closely as the area experiences shifts in demand and supply dynamics.
Property rates in Morjim are among the higher end of the spectrum in the region, currently averaging ₹22,500 per sq ft. For comparison, neighbouring areas show varied pricing: Assagao is priced at ₹26,200 per sq ft (up 2.76%), Vagator at ₹20,850 per sq ft (down 3.77%), and Anjuna at ₹19,350 per sq ft (down 5.91%). These differences highlight that Morjim maintains a premium position relative to many surrounding localities, though it remains more affordable than the most expensive pockets like Assagao.
Villas in Morjim are currently priced at an average of ₹22,500 per sq ft as of June 2026. This segment has seen a depreciation of 10.49% compared to the previous period, which may present a strategic entry point for investors looking for luxury residential assets in a prime coastal location.
While specific rental data for Morjim is limited, surrounding localities offer insights into the regional rental market as of June 2026. Areas like Mapusa, Porvorim, and Dona Paula all report an average rental rate of ₹50 per sq ft. Notably, rental rates in Mapusa have seen a depreciation of 3.12%, while Porvorim has experienced a sharper decline of 10.26%, and rental rates in Dona Paula have remained stable with 0% change compared to the previous period.
The 10.49% depreciation in the average asking price in Morjim from the previous period to June 2026 suggests a market correction rather than a long-term decline in value. For investors, this cooling in prices can be an opportunity to acquire property at a more competitive rate in a high-demand villa market, provided they align their purchase with long-term capital appreciation goals.
