Goa Latest Real Estate News

Tata Housing sells 250 flats in Goa on five-acre project, worth Rs 100 crore

Realty firm Tata Housing has sold 250 flats, worth over Rs 100 crore, in itshousing project at Goa. The company is developing 600 apartments in this 5-acre project, which was launched recently on Facebook. The prices are in the range of Rs 30-70 lakh. The prospective buyer have to register themselves through Facebook and seek their unique invite code. “Over the last week, Tata Housing handed over 15,000 invite codes resulting in sales of over 250 apartments on the first day,” Tata Housing said in a statement. Sources said the sales value of 250 flats is worth Rs 100 crore. “With rapid urbanization and disposable income, the desire to stay close to nature has become one of the major factors driving the second home segment in India. “This segment has witnessed steady growth of over 10 per cent…
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GTDC close to finalising Cos to develop its properties

Margao: The Goa Tourism Development Corporation (GTDC) is likely to finalise the companies by next month to develop its properties located at, Colva and Kesarval. After proposing to develop a five-star boutique hotel at Colva, GTDC floated a tender in February for the Colva beach property admeasuring 17,500sq m. At its Kesarval property, it wants to build a corporate out-bound and five-star hotel with expectations to earn a cumulative revenue of 2,000 crore for a 25-year period. The properties will be developed under joint ventures. The government has also reduced the earnest money deposit from 75 lakh to 30 lakh for the project at Kesarval. It is to be noted that after receiving bids from successful bidders, a bid evaluation report will be prepared to identify the preferred developer for the properties identified. A concession agreement for development…
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