Pandemic gives unexpected boost to luxury realty segment in Goa

For many sectors the COVID-19 pandemic was a disaster, but for the real estate market in Goa, especially in luxury villa segment and selling of plots in a gated community, it came as a boon in disguise. Property in Goa is much in demand. From studio apartments to villas, everything is selling briskly despite the […]

Relief for real estate sector as Goa CM cuts infrastructure tax

The chief minister also said that it proposes to extent the online building plan approval management system for multi-family dwellings, commercial buildings and industrial buildings in a phased manner. In a move that is likely to breathe life into the real estate sector, chief minister Pramod Sawant on Wednesday announced that the infrastructure tax levied […]

Goa RERA specifies norms for transfer of real estate projects

The new rules have been framed and notified after the authority found several instances where builders were transferring real estate projects to other entities without clear obligations being specified. The Goa Real Estate Regulatory Authority (RERA) has set a few ground rules for phase-wise development of real estate projects and transfer of real estate projects […]

Govt to give benefits for affordable housing

The affordable rental housing complexes scheme under the Pradhan Mantri Awas Yojana—Urban has been launched to provide dignified and affordable living spaces for low income workers. Incentives and benefits including free floor area ratio (FAR), concessional project finance, and trunk infrastructure facilities free of cost will be part of the affordable rental housing complexes (ARHCs) […]

How to buy a property on which home loan is pending

There are some crucial checks and document requirements before you enter into a legal contract to buy a property on which home loan is pending. Buying a resale property appears much simpler than buying an under-construction unit. However, there are some crucial checks and documents requirements before you enter into a legal contract. Every property […]

Most Homebuyers feel this is the best time to buy a house

Amidst deals, discounts and cheaper home loans, an increasing number of homebuyers are considering it advantageous to buy houses right away. Real estate’s perception as an investment asset class has also increased distinctively post the outbreak of Covid19 pandemic. Nearly 62% respondents, in a sentiment survey conducted jointly by the CII and Anarock Property Consultants, […]

Why does one want to move to Goa?

Who uproots herself to collect raindrops in the basins of her collarbone? Who? Why? I wanted to. Maybe because I was a desert in my past life, my heart aching for the rain that never drenched my brown body. Or, an underfed river that yearned to be more Rubenesque. Maybe a farmer whose mind was […]

Goa moots unique ID for each property

The revenue department has notified draft rules for the government’s property register which will assign a unique identification number to each property. The draft rules shall be taken into consideration by the government after fifteen days from the notification. The state government plans to prepare a property register with details of government and private land […]

Housing board to team up with builders to develop 60,700 sq meter in North Goa

The Goa Housing Board (GHB) intends to develop 60,700 sqm of land in North Goa through a joint partnership with reputed national or international builders. To ensure it gets maximum bang for its buck, the board is looking for a property consultant to develop a viable business model and conduct a market study on Goa’s […]