+
Goa Plans Affordable Housing
SMART CITIES

Goa Plans Affordable Housing

Goa Chief Minister Pramod Sawant has announced a comprehensive housing policy to ensure affordable housing for Goans through the Goa Housing Board. The initiative aims to tackle real estate concerns in the state.

Presenting the revenue surplus Budget 2025-26 in the Goa assembly on March 26, Sawant also introduced incentives for tourism and industrial investments. The budget projects a ?1.38 trillion GSDP at current prices, reflecting a 14.27% growth rate, with per capita income estimated at ?9.69 lakh.

Major Budget Highlights ???? Affordable Housing: A new policy involving multiple government stakeholders will streamline approvals for mega residential and commercial projects. The government will also study urban carrying capacity to ensure sustainable development.

???? Tourism & Infrastructure: Goa will see ?423 crore in Smart City projects, including ?135 crore for Cities 2.0 in Panjim. Developments include smart roads, smart illumination, an oceanarium, a cruise terminal, a caravan park in Kerim, and a drone park at Quitol.

???? Real Estate Boost: The state relaxed infrastructure tax payments for developers and allocated ?5 crore for slum redevelopment. An amnesty scheme will allow property transfers without penalties.

Goa Invites Maharashtra Developers In February 2025, the Goa Rehabilitation Board and Goa Housing Board invited Maharashtra’s NAREDCO to explore PPP-based real estate projects, including residential, commercial, and mixed-use developments.

A Goa Housing Board presentation in February 2025 highlighted that property prices in the state are rising by 15%-30% annually, reinforcing Goa’s position as a lucrative investment destination.

Goa Chief Minister Pramod Sawant has announced a comprehensive housing policy to ensure affordable housing for Goans through the Goa Housing Board. The initiative aims to tackle real estate concerns in the state. Presenting the revenue surplus Budget 2025-26 in the Goa assembly on March 26, Sawant also introduced incentives for tourism and industrial investments. The budget projects a ?1.38 trillion GSDP at current prices, reflecting a 14.27% growth rate, with per capita income estimated at ?9.69 lakh. Major Budget Highlights ???? Affordable Housing: A new policy involving multiple government stakeholders will streamline approvals for mega residential and commercial projects. The government will also study urban carrying capacity to ensure sustainable development. ???? Tourism & Infrastructure: Goa will see ?423 crore in Smart City projects, including ?135 crore for Cities 2.0 in Panjim. Developments include smart roads, smart illumination, an oceanarium, a cruise terminal, a caravan park in Kerim, and a drone park at Quitol. ???? Real Estate Boost: The state relaxed infrastructure tax payments for developers and allocated ?5 crore for slum redevelopment. An amnesty scheme will allow property transfers without penalties. Goa Invites Maharashtra Developers In February 2025, the Goa Rehabilitation Board and Goa Housing Board invited Maharashtra’s NAREDCO to explore PPP-based real estate projects, including residential, commercial, and mixed-use developments. A Goa Housing Board presentation in February 2025 highlighted that property prices in the state are rising by 15%-30% annually, reinforcing Goa’s position as a lucrative investment destination.

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?