Goa's GIDC plans new auction for Verna commercial plots

18 Jun 2024 CW Team

The Goa Industrial Development Corporation (GIDC) expressed dissatisfaction with the bids received for the commercial plots at Verna Industrial Estate, which had been put up for lease via an e-auction. Consequently, they announced their intention to conduct a fresh auction.

Additionally, the GIDC has initiated the process to issue allotment letters for the 16 industrial plots that were auctioned in March.

According to GIDC managing director Pravimal Abhishek, "We auctioned three commercial plots, one designated for a hotel and the other two for generic commercial use. The generic plots fetched good prices, with the highest bid reaching Rs 25,300 per sqm. However, the bid for the hotel plot was around Rs 8,600, which we deemed unreasonable. Therefore, we decided to cancel the auction and plan a re-auction."

The commercial plots at Verna Industrial Estate range from 2,000 sqm to 5,100 sqm.

The corporation's decision to conduct an e-auction for the industrial plots proved successful, resulting in revenue of Rs 1.56 billion. Despite announcing the e-auction before the elections, the issuance of allotment letters was delayed due to the model code of conduct.

"We refrained from approaching the Election Commission and chose to await the conclusion of the polls," Abhishek explained.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..