Goa Latest Real Estate News

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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Railways may unlock prime residential property soon


NEW DELHI: The Indian Railways may soon unlock its prime residential property across the country for redevelopment, a move that could bring in additional revenue of Rs 20,000-25,000 crore for the national transporter. The Railways owns real estate in all major cities and has swathes of residential property in Connaught Place, Nizamuddin and Chanakyapuri in New Delhi, apart from land in the heart of Mumbai, Bengaluru, Chennai and Pune. The plan is to grant 99-year leases to developer making compelling offers for such land, a senior Railway Board official said. The ministry has asked all 17 zonal offices to compile details of residential land that can be redeveloped and offered to investors. The Railways has over 40,000 hectares of land, of which almost 950 hectares has been encroached upon. Work on the plan to unlock railway real estate…
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