Market observers say that the proposed move aims to simplify the rules and developers will get the benefit of lower taxes. Due to this, homebuyers will also be able to get homes at cheaper rates.
The residential real estate market saw a temporary slowdown in sales in March and April. The sector saw a drop in sales in both value and volume. While the residential real estate industry had a good start in 2025, it slowed down in March and continued in April.
Goa Chief Minister Pramod Sawant has said that the government will develop a comprehensive housing policy to provide affordable housing for Goans through the Goa Housing Board to address real estate and housing concerns in the state.