Goa Latest Real Estate News

Goa govt goes slow on TDR land use policy implementation

real estate

Panaji: Months after announcing introduction of the Transfer of Development Rights (TDR) land use policy, the Goa government has decided to go slow on its implementation due to problems being faced by the real estate industry in the wake of GST and RERA. Town and Country Planning Minister Vijai Sardesai had told the assembly during the monsoon session that the TDR policy, which is the backbone of upcoming Regional Plan 2030, will be formulated in the next six months. The TDR was expected to curb increasing conversion of agricultural and orchard lands for other activities, mainly construction of buildings by real estate developers. “We are slowing the work on conceptualising the TDR policy due to introduction of RERA and GST. The implementation of TDR at this stage can affect the entire economy,” he told reporters here last evening. The…
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Picking up treasures of colonial era Goa


The Portuguese may have left 56 years ago, but the influences they left behind in several fields of Goan culture, including architecture, has seen Indians jostling for second homes in this piece of paradise. It is now not uncommon to spot nameplates fixed on gates announcing politicians, Bollywood stars, cricketers, fashion designers and Delhi’s cocktail circuit as residents of a Goan neighbourhood. And the demand is particularly for those houses of Indo-Portuguese architecture that were built by Goans during the Portuguese era. As for prices, there are no blanket rates, say real estate consultants. Houses in a dilapidated condition are being offered at Rs 2 crore and the price increases for those in better states of maintenance. Prices also vary according to tradition and history of the house. Houses, in which elite Goan families once lived, are quoted…
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