All the tourist place nearby from here, this beach makes sense to stay here if you visit Goa. A bit more commercialised than calangute/ajuna, if you are going goa first time and you want to explore goa as well as panjim then this is good option. Staying in a house where owners stays, can save some of your money.
One can rent bike and go on roam around the city.
Aguda fort is one fine place to visit and have a view of complete sea. You can go for different watersports. People roam all around goa, you can negotiate with them to get suitable package with. Go goa.