Goa
Morjim has established itself as a premier residential destination in North Goa, with property values reflecting its upscale appeal. The market shows consistent activity, particularly in the villa segment, where buyers prioritize space and proximity to the coast. Rental demand remains steady across the wider region, with surrounding hubs providing consistent yields for investors.
As of June 2026, the average asking price in Morjim stands at ₹22,500 per sq ft. This figure reflects a market depreciation of 10.49% compared to the previous period, suggesting a cooling in seller expectations or a shift in the inventory mix available in this residential villa-focused market.
Property prices in Morjim have shown a fluctuating trajectory over the past year. While the location rate was recorded at ₹23,100 per sq ft in June 2026, it moved from ₹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 mixed trend indicates that buyers and investors should monitor the market closely, as the locality experiences periodic pricing adjustments.
Property prices in Morjim are among the higher-end options in the region, with an average asking price of ₹22,500 per sq ft. For comparison, nearby areas show varied pricing: Assagao commands a premium at ₹26,200 per sq ft (which has appreciated by 2.76%), while more accessible options include Mapusa at ₹7,950 per sq ft (which has appreciated by 12.36%) and Calangute at ₹12,950 per sq ft (which has appreciated by 4.64%). These differences highlight Morjim's position as a premium villa destination compared to the more diverse apartment-heavy markets nearby.
As of June 2026, the average asking price for villas in Morjim is ₹23,100 per sq ft. This sector has shown resilience, having appreciated by 2.58% compared to previous reporting periods, signaling sustained demand for luxury villa living in this specific coastal pocket.
Rental rates in the vicinity of Morjim are currently consistent across several key neighbourhoods, with Siolim, Mapusa, Porvorim, and Dona Paula all recording an average rental rate of ₹50 per sq ft. However, the market dynamics vary significantly; for instance, while Siolim has seen stable rental rates with 0% change, Mapusa has experienced a depreciation of 9.68%, and Dona Paula has seen a more pronounced depreciation of 19.61% over the observed period.
Investors looking at the broader Morjim region should note that while rental rates are currently hovering around ₹50 per sq ft in surrounding hubs like Siolim and Porvorim, the rental market is currently experiencing downward pressure in several areas. With rental yields currently not providing a standardized benchmark in the immediate locality, investors should focus on the capital appreciation potential of villa properties, which currently trade at an average of ₹23,100 per sq ft, rather than relying solely on immediate rental income.
