Goa
The Morjim property market currently commands a premium valuation of ₹22,650 per sq ft, reflecting its status as a premier destination for luxury villa seekers in Goa. Market activity has shown a balanced trend, with recent quarterly data indicating a slight consolidation in prices. Meanwhile, the rental sector in nearby regions like Mapusa and Porvorim is experiencing notable growth, suggesting a healthy demand for residential leasing in the broader area. This combination of stable capital values and emerging rental potential provides a distinct landscape for investors and homeowners alike.
As of Sep 2026, the average asking price in Morjim is ₹22,650 per sq ft. This figure reflects a depreciation of 1.18% compared to the previous period, indicating a slight market correction in the residential villa segment.
Property prices in Morjim have shown a fluctuating trend throughout 2026. The average asking price stood at ₹25,150 per sq ft in Dec 2025, moved to ₹22,500 per sq ft in Mar 2026, reached ₹22,950 per sq ft in Jun 2026, and settled at ₹22,650 per sq ft as of Sep 2026. This trajectory highlights the dynamic nature of the luxury villa market in the region.
The average asking price in Morjim of ₹22,650 per sq ft positions it as a premium locality when compared to surrounding areas. For instance, neighbouring locations like Mapusa offer significantly lower entry points at ₹8,500 per sq ft (which appreciated by 5.07%), while areas like Assagao command a higher premium at ₹27,450 per sq ft (which appreciated by 8.11% from the previous period). Other nearby markets include Vagator at ₹15,350 per sq ft and Anjuna at ₹22,900 per sq ft.
The residential market in Morjim is primarily dominated by villa developments. As of Sep 2026, the average asking price for villas in Morjim is ₹22,650 per sq ft, which has seen a depreciation of 1.18% compared to the previous period. This focus on villas aligns with the locality's reputation for high-end, lifestyle-oriented real estate.
While specific rental data for Morjim is not currently available, surrounding areas show active rental markets. For example, Mapusa has an average rental rate of ₹50 per sq ft, which has appreciated by 3.7% compared to the previous period. Similarly, Porvorim also records an average rental rate of ₹50 per sq ft, demonstrating a significant appreciation of 26.47% over the same timeframe, reflecting growing demand for rental properties in the broader region.
Investors looking at Morjim should note that the average asking price of ₹22,650 per sq ft as of Sep 2026 follows a period of price adjustment. With a 1.18% depreciation recorded recently, the market appears to be in a consolidation phase. Comparing this to the rapid appreciation seen in nearby markets like Assagao (8.11%) or Mapusa (5.07%) can help investors determine whether to seek capital growth in emerging hubs or stability in established premium locations like Morjim.
