Velha is a top most residential locality in Goa. The nearby localities are Caranzalem, Chimbel, Corlim, Dabolim, Mardol, Panjim, Dona Paula, Penha de Franca, Porvorim and Tiswadi. This creates demand for affordable apartments in Velha. The locality also houses schools and hospitals creating demand for affordable apartments in Velha. Some of the developers creating new apartments in Velha are Sumit Woods, Emgee Group, Sukhthanker and Palacio. The key projects in Velha are Samarth Enclave, Golden Retreat, Regalo Signature Riverside Apartments, Grandeja and Sumit St Greens.