Goa Housing Board Revises Rules to Benefit Homebuyers
Real Estate

Goa Housing Board Revises Rules to Benefit Homebuyers

The Goa Housing Board has initiated amendments to the rules and procedures regarding the allotment of housing plots through auction. A significant change in the rules mandates that the board must determine the minimum price for a plot based on the minimum land prices set by the revenue department.

The allotment committee has been replaced by a scrutiny committee, which is required to complete the review process for all applications within 30 days. These new regulations are part of the adjustments to the Goa Housing Board (Registration, Allotment, and Sale of Plots) Rules.

In a notification, the Goa Housing Board stated that it would fix the minimum price per square meter of a plot, including the minimum price for the auction category, considering the rates established by the revenue department for specific land. This assessment would also account for the development charges associated with the land in determining the plot price. The price per square meter will be deemed final and binding on the allottee.

Previously, the board was responsible for determining plot prices. The government aims to address revenue leakages and ensure the accurate valuation of land transactions within the state. Concurrently, the revenue department has sought to raise minimum land rates for Salcete, Tiswadi, and Mormugao, while minimum rates for Pernem and Bardez have already seen an increase.

A notification issued by Amalia Pinto, the joint secretary of housing, mentioned that the draft rules would be reviewed by the government after a 15-day period following the publication of the notification.

Under the new norms, the successful allottee is required to pay the full amount within 90 days of receiving the allotment order, an increase from the previous 20-day deadline. If the full payment is not made, 5% of the initial deposit will be forfeited, whereas the earlier rule involved forfeiting 15% of the initial deposit.

The Goa Housing Board has initiated amendments to the rules and procedures regarding the allotment of housing plots through auction. A significant change in the rules mandates that the board must determine the minimum price for a plot based on the minimum land prices set by the revenue department. The allotment committee has been replaced by a scrutiny committee, which is required to complete the review process for all applications within 30 days. These new regulations are part of the adjustments to the Goa Housing Board (Registration, Allotment, and Sale of Plots) Rules. In a notification, the Goa Housing Board stated that it would fix the minimum price per square meter of a plot, including the minimum price for the auction category, considering the rates established by the revenue department for specific land. This assessment would also account for the development charges associated with the land in determining the plot price. The price per square meter will be deemed final and binding on the allottee. Previously, the board was responsible for determining plot prices. The government aims to address revenue leakages and ensure the accurate valuation of land transactions within the state. Concurrently, the revenue department has sought to raise minimum land rates for Salcete, Tiswadi, and Mormugao, while minimum rates for Pernem and Bardez have already seen an increase. A notification issued by Amalia Pinto, the joint secretary of housing, mentioned that the draft rules would be reviewed by the government after a 15-day period following the publication of the notification. Under the new norms, the successful allottee is required to pay the full amount within 90 days of receiving the allotment order, an increase from the previous 20-day deadline. If the full payment is not made, 5% of the initial deposit will be forfeited, whereas the earlier rule involved forfeiting 15% of the initial deposit.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->