Goa
Morjim has established itself as a key destination in the Goa property market, with current asking prices sitting at ₹22,500 per sq ft. Recent quarterly trends show a fluctuating environment, moving from ₹21,900 in late 2025 to a peak of ₹25,150 before adjusting to current levels. Rental demand remains steady across surrounding areas, with several nearby locations recording consistent rental rates of ₹50 per sq ft. This combination of capital value and rental potential creates a distinct profile for the region.
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% compared to the previous period, indicating a market correction in the locality's residential villa segment.
Property prices in Morjim have shown a fluctuating trajectory, with the location rate moving from ₹21,900 per sq ft in September 2025 to ₹25,150 per sq ft in December 2025, followed by ₹22,500 per sq ft in March 2026 and reaching ₹23,100 per sq ft as of June 2026. This recent movement suggests a recovery phase following the dip observed in the first quarter of 2026.
Property prices in Morjim, currently at ₹22,500 per sq ft, are positioned higher than many neighbouring areas like Mapusa at ₹7,950 per sq ft, Calangute at ₹12,950 per sq ft, and Siolim at ₹10,900 per sq ft. However, it remains more affordable than Assagao, which commands an average asking price of ₹26,200 per sq ft as of June 2026. These variations highlight Morjim's mid-to-premium positioning within the broader Goa real estate market.
Villas in Morjim are currently priced at an average of ₹23,100 per sq ft as of June 2026. This segment has appreciated by 2.58% compared to the previous period, signalling resilient demand for premium villa properties in this coastal locality.
While specific rental data for Morjim is not currently available, surrounding localities show consistent rental benchmarks of ₹50 per sq ft. For instance, Siolim has maintained a stable rental rate of ₹50 per sq ft with 0% change, while other nearby areas like Mapusa, Porvorim, and Dona Paula have seen rental rates of ₹50 per sq ft with respective depreciations of 9.68%, 2.86%, and 19.61% as of June 2026.
Investors looking at the broader region should note that rental rates in nearby localities like Siolim, Mapusa, Porvorim, and Dona Paula are currently pegged at ₹50 per sq ft as of June 2026. The varying depreciation rates in these areas, such as the 19.61% decline in Dona Paula compared to the stability in Siolim, suggest that rental income potential is highly sensitive to the specific micro-location and current supply levels.
