Goa Invites NAREDCO Maharashtra Developers to Invest in Real Estate

17 Feb 2025 CW Team

The Goa Rehabilitation Board and Goa Housing Board have invited NAREDCO Maharashtra to explore investment opportunities in residential, commercial, mixed-use, and business park developments across the state. The announcement was made during NAREDCO Maharashtra’s Annual Members Meet 2025 in Panjim.

Aleixo Da Costa, Secretary, Goa Rehabilitation Board, emphasised Goa’s transition from a tourism hub to a fast-growing business and real estate destination. He highlighted plans to monetise unused public land through PPP models, particularly in Vasco, Sada Vasco, Baina, Zuari Nagar, and Colvale. Tenders for these projects will be issued soon.

According to the Goa Housing Board, the state’s real estate market is witnessing rapid growth, with North Goa property prices appreciating by 83 per cent in the last five years. Strong rental yields, high Airbnb demand, and infrastructure expansions, including the Mumbai-Goa Expressway and new airport developments, are further boosting investor interest.

NAREDCO leaders, including Niranjan Hiranandani and Prashant Sharma, welcomed Goa’s proactive approach to attracting developers. They noted the state’s rising appeal among NRIs and affluent investors seeking second homes, luxury villas, and commercial properties, positioning Goa as a key emerging real estate market.

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