Team Herald
PANJIM: The Goa Rehabilitation Board and Goa Housing Board have called upon the real estate developers’ body National Real Estate Development Council (NAREDCO) Maharashtra to explore investment opportunities in the development in the residential, commercial, mixed – used, redevelopment and business parks segments of the State.
The senior representatives of Goa Rehabilitation Board and Goa Development Board presented the landscape of ‘Unlocking Real Estate Opportunities in Goa’ to the developer members NAREDCO Maharashtra, which organised its Annual Members Meet 2025.
Speaking on the occasion, Aleixo Da Costa, Secretary, Goa Rehabilitation Board said," Goa is not just a tourism destination now, but a fast - growing State for scaling businesses including the real estate offering an exponential potential to the developers who are looking for setting up of new residential and commercial projects along the coastline or in the States’ hinterland and also for the global investors who are willing to invest in second or leisure homes, luxury villas, rental homes or hospitality ventures.”
Da Costa said, “The public sector is looking at redevelopment of its used land parcels combined with monetisation of its unused land parcels through the public – private partnerships.”
“We are planning to take all these land parcels together, release the unused land in Sada Vasco for rehabilitation purposes first and then monetise the rest of the land parcels in a PPP model where private developers can participate. The tenders will be issued very soon for monetization of the land,” Da Costa said.
Sadashiv Gaonkar, Housing Engineer, Goa Housing Board, said, “Goa’s real estate is experiencing an unprecedented growth driven by increasing demand by professionals, remote workers and institutional investors and the State is ready for investment, as there is a need to meet the rising demand for diverse accommodation options, residential development and mixed – use projects.”
Calling the Annual Meet of NAREDCO Maharashtra in Goa to be an opportunity to understand the State’s real estate landscape better and the Chief Minister’s approach towards the national real estate industry collaborative, Prashant Sharma - President, NAREDCO Maharashtra said, “NAREDCO Maharashtra is privileged to explore opportunities for real estate development in Goa to unleash the State’s potential. Goa is not just an international tourism destination now, but it is transforming into a real estate development hub attracting global investors moving its property markets northwards. Goa’s initiative to invite the developers to tap the real estate opportunities in the State is a welcome step.”
Hari Babu, President, NAREDCO said, “Goa has been witnessing real estate investments by affluent Indian and overseas buyers in the recent times owing to their inclination for acquiring income-generating commercial assets or second homes along side their primary city homes.”