+
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

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?