The Reis Magos Fort offers panoramic views and is located near:

Panaji
Margao
Calangute
Palolem

The correct answer is Panaji.

Panaji is the capital of Goa, India. It is located on the banks of the Mandovi River, and is home to many government offices, as well as a number of historical and cultural attractions. The Reis Magos Fort is one of these attractions, and offers panoramic views of the city and the surrounding countryside.

Margao is the second largest city in Goa, and is located about 30 kilometers from Panaji. It is a major commercial center, and is also home to a number of historical and cultural attractions, including the Margao Cathedral and the Santa Cruz Basilica.

Calangute is a popular beach resort town located about 10 kilometers from Panaji. It is known for its long, sandy beaches and its lively nightlife.

Palolem is another popular beach resort town located about 60 kilometers from Panaji. It is known for its beautiful beaches and its laid-back atmosphere.