Caranzalem is a village near Goa capital, Panaji. It houses a beach by the same name. Areas such as Taleigao, Santa Cruz, Nerul, Panjim and Dona Paula are located nearby. The Goa International Airport in Dabolim is 27 kilometres from here, along the NH17. The Madgaon Railway Station is 38 kilometres along the same route.

Caranzalem real estate is popular among second-home buyers, who want to live near to the beach. The configurations of Caranzalem property available are 1, 2, 3 and 4 BHK. The built-up area of property in Caranzalem ranges from 814 to 3,143 sq ft. The average price of property here is Rs 5,665 per sq ft. The lowest rate of Rs 5,509 per sq ft is charged by Naroo Construction’s Palmanova, while the highest rate of Rs 12,082 per sq ft is charged by Models Construction’s Marine Vistas.

Schools located at Caranzalem include Vasantrao Dempo Higher Secondary School, Sharada Mandir School and Our Lady of the Rosary High School. Hospitals in the vicinity include Manipal Hospital.