While welcoming the town and country planning (TCP) department’s decision to offer higher FAR for residential and commercial buildings at the Kadamba Plateau, industry bodies have attached a rider, saying that power, water and sewage connections must be put in place.
Despite the pandemic, the residential real estate market is booming, with homes selling like hot cakes. The residential segment in top Indian cities has remained overly optimistic, making it a top investment choice.
Town and country planning minister Vishwajit Rane on Monday announced a slew of reforms in the department, including an online file tracking system, deemed approvals for commercial and residential projects after 21-45 days, and more.
Despite the dampened sentiment 95% of Goa’s developers said that they plan to launch new real estate projects in 2022. With the state becoming a retirement destination, 43% of Goa’s developers are toying with the idea of venturing into senior citizen housing.
