Palolem Beach is situated in Canacona in southern Goa, India.This beach is one of the most famous beaches in Goa. This beach is famous for parties and night life.Palolem Beach is largely unspoiled and is inhabited by both local fishermen and by foreign tourists who live in shacks along the shore or in the main village itself.It is about one mile (approximately 1.61 km) long and is crescent-shaped; one can view the entire beach from either end. Both ends of the beach consist of rocks jutting out into the sea. The depth of the sea increases gradually, being shallowest at the northern end of the beach, making it safe for average swimmers, and the currents are not fast.
The nearest airport is Dabolim Airport which is about 67 km away. The nearest railway station is Canacona railway station which can be reached from Madgoan junction railway station in just 30 mins. There are bus services at a regular interval of 30 mins from the beach to the Kadamba Transport Corporation (KTC) Bus Depot in Margao. The nearest KTC depot is at Canacona
The beach is featured as the Goan residence of Jason Bourne (Matt Damon) in the film The Bourne Supremacy (2004). The initial footage in the movie gives a good idea of the natural beauty of the beach - the distinctive tree covered rocks at one end (known locally as Green Island - to which tours are run) and beach shacks.
At the top of the island adjoining Palolem Beach there is a stone sculpture created by an American conceptual and land artist Jacek Tylicki called "Give if you can – Take if you have to" also called the "Money Stone". It became a pilgrimage destination. At the low tide it is a tough jungle walk and a guide is recommended. People can leave or take money at will at the Money Stone.