Tag Archive: goa government

Goa mulls law to check fraudulent sale of NRIs’ properties

NRI property

The Goa government is mulling to frame a law to check fraudulent sales of the ancestral properties of NRIs and expatriates in the state. Goa’s town and country planning minister Vijai Sardesai, on his return from a tour of Dubai today, told reporters near here that Goans living overseas said that at times their properties in the beach state were sold by fraudulent means without they being aware of it. “During my visit there, I interacted with several Goans, who have listed out their problems. One of the major problems is that their ancestral properties in Goa are sold fraudulently without their information,” he said. Many a times a person having power of attorney for a property signs the document selling it to the third party without even informing the owner, the minister said. “When they come back…
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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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