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Goa Real Estate News & Questions

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  • Re : Goa Real Estate News & Questions

    DLF gets green nod for Rs 240 crore commercial project in Goa

    The proposed commercial complex, to be constructed on a 18,120 square meter plot, would have eight small screen multiplexes for small gatherings and it will be the first of its kind in GoaPTI | September 12, 2017, 15:05 IST

    NEW DELHI: India's largest realty firm DLF has received the environment clearance for its Rs 240 crore commercialproject which is to come up in Patto village, Goa.

    The proposed commercial complex, to be constructed on a 18,120 square meter plot, would have eight small screen multiplexes for small gatherings and it will be the first of its kind in Goa.

    The DLF's proposal was first vetted by a green panel and based on its recommendations the Union Environment Ministry has given the final green clearance, said the EC letter issue to the company.

    The clearance has been given subject to certain conditions, it added.

    The cost of the project is estimated to be Rs 240 crore. The eight-floor complex would comprise of retail shops, offices, retail food court apart from multiplex.

    The company in its proposal said there is no court case pending against the proposed project.











    http://realty.economictimes.indiatim...n-goa/60477655

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    • Re : Goa Real Estate News & Questions

      Property rates in Goa are mainly governed by sea/beach/river view or river touch properties. Price of built-up property will start from approx. Rs. 8,000/- per sq.ft. In the capital city Panaji (North Goa) and in Margao (South Goa) from approx 4,000/- per sq.ft. These will be gated projects, with decent amenities and specifications.

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      • Re : Goa Real Estate News & Questions

        Raheja issue rocks Carmona panchayat

        The notice was to be issued to the real estate developer based on the September 14 inspection reportTNN | September 27, 2017, 15:00 IST

        COLVA: The Carmona panchayat meeting held on Tuesday witnessed a ruckus over panch members’ resolution to delay issuance of showcause notice to Raheja Universal Limited over the construction licence issued to them.

        The notice was to be issued to the real estate developer based on the September 14 inspection report. However, the village body decided to seek the legal opinion of two advocates over the report first.

        Speaking to reporters after the meeting, sarpanch Winston Dias said the report had been submitted by their architect Carlos Gracias and would be sent to advocates for legal advice before a decision on the future course of action was taken.

        Dias said that since the panchayat has to file its reply in the public interest litigation before the high court, they had to necessarily appoint an advocate and that they would seek the legal opinion of this advocate and another, who is yet to be appointed.

        On the Verde Resort issue, the body resolved to summon the promoters of the resort and the complainant to the panchayat office and work out a solution. The villagers demanded that a resolution be passed for immediate site inspection based upon the complaint of Maria Fernandes.

        Since the expectation of the villagers was not met, the newly elected panchas came under fire, with villagers almost assaulting a member who went against their wishes

        Six out of the seven panchayat members are new faces, elected based on their leanings towards the aspirations of the villagers.










        http://realty.economictimes.indiatim...hayat/60853687

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          Reis Magos village panchayat to approach NGT against illegal construction at Quegdevelim

          Speaking to reporters, residents stated that despite issuing a stop work notice, the builder has been defiant and has violated all norms pertaining to the no-development zoneTNN | October 05, 2017, 14:00 IST

          PILERENE: Reis Magos village panchayat has decided to approach the National Green Tribunal (NGT) over an alleged illegal construction coming up in the coastal regulation zone at Quegdevelim.

          Speaking to reporters, residents stated that despite issuing a stop work notice, the builder has been defiant and has violated all norms pertaining to the no-development zone. Following complaints from locals, the panchayat had issued a show cause notice, however, the reply from the opposite party was not satisfactory. Earlier, the panchayat had even called a joint inspection along with the town and country planning (TCP) department and the inspection had brought to the fore irregularities by the builder.

          The builder has undertaken hill cutting using a excavator, flouting all the norms under CRZ rule, besides dumping of mud along the approach road. Locals said that during monsoon, the mud spills onto the road resulting in accidents involving two-wheelers as the road is frequented by tourists proceeding to Coco beach. Sarpanch of Reis Magos panchayat Shailendra Parulekar said that the panchayat had sent a stop work notice to the builder for not complying with the norms, and added that despite that, the work continued.











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            Survey of beneficiaries for affordable housing begins in Goa

            The survey, which is likely to be completed by the end of November, will help the state government and the urban local bodies (ULBs) to identify the right strategy for affordable housing projects in the stateTNN | October 09, 2017, 15:00 IST

            PANAJI: The state department of municipal administration has commissioned the Regional Center for Urban and Environmental Studies (RCUES) to undertake a demand survey and identify families living in municipal areas who are in need for affordable housing.

            The survey, which is likely to be completed by the end of November, will help the state government and the urban local bodies (ULBs) to identify the right strategy for affordable housing projects in the state.

            “The process to identify beneficiaries and undertake an assessment for group housing in the state began towards the end of July,” director for urban development and municipal administration, J Ashok Kumar said.

            The demand survey will bring out a list of potential beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) – Urban scheme. The data will be collated according to each municipal area and in the corporation of the city of Panaji limits, and will then be sent as a proposal to the union ministry of Housing and Urban Poverty Alleviation for approval.

            “The surveyors will be meeting the chief officers and chairpersons of each municipality and they will be seeking applications from eligible residents in those areas,” Kumar said.

            The Union ministry of Housing and Urban Poverty Alleviation had sanctioned a total of Rs 71.36 lakh for the formation of the state level technical cell (SLTC) and Housing For All Plan of Action (HFAPoA) in Goa. The action plan will focus on affordable housing and on-site rehabilitation of existing slum dwellers in 14 municipal areas.

            “The state is in the process of constituting the technical cell. We have already taken approval of the state government and now we will invite applications, and by end of November, the technical committee should be in place,” Kumar said.

            The total amount permitted by the union government under PMAY to setup the SLTC in Goa stands at Rs 21.6 lakh. Out of this, the union ministry has promised to contribute Rs 16.20 lakh for forming the cell in Goa, while the balance will be contributed by the Goa government. The centre has already released the first installment of Rs 8.10 lakh in early June, a government official said. The union ministry would release the second tranche of funds after Goa submitted the expenditure receipts and details of the experts hired for the SLTC.

            As per the union ministry’s guidelines, the SLTC will comprise 10 professionals, including urban planners, environmental specialists, urban infrastructure specialists and public private partnership specialists who will plan and implement the PMAY mission in Goa.

            The central government has launched the Pradhan Mantri Awas Yojana – Housing for All mission which promotes subsidy for poor to build homes, construction of affordable housing through partnership with public and private sectors, and subsidy for individual house construction.











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              Sub-registrars asked to collate info on realty deals in Goa

              The intelligence and criminal investigation wing of the directorate of income tax also wants sub-registrars to gather PAN card information for all transactions and registrations worth Rs 10 lakh or more.TNN | October 10, 2017, 13:30 IST

              PANAJI: Failure to provide a PAN card while purchasing your dream home could soon bring the taxman to your doorstep. In a bid to identify benami property transactions and parking of black money in white goods and immovable property, the Directorate of Income Tax directed sub-registrars to mandatorily collect and submit data about property transactions.

              In a meeting on Thursday, the registrar and sub-registrars have been asked to collate and submit a statement of financial transactions with details of purchase or sale of property worth Rs 30 lakh and above as soon as possible to the income-tax department, Income Tax Officer and intelligence and criminal investigation incharge for Goa Shambhu Keshari said.

              The intelligence and criminal investigation wing of the directorate of income tax also wants sub-registrars to gather PAN card information for all transactions and registrations worth Rs 10 lakh or more.

              Sub-registrars have to submit the data for 2016-17 onwards and for the first time, this data will be submitted on the income tax e-filing portal.

              “Purchase or sale by any person of immovable property for an amount of 30 lakh rupees or more or valued by the stamp valuation authority at Rs 30 lakh rupees or more has to be informed to the income tax department,” income tax officer H K Rajkumar said. He was addressing the sub-registrars at Goa chamber of commerce and industry where he urged them to comply with the ministry of finance’s notification.

              The first deadline for submission of the data was September 30, but due to technical difficulties several sub-registrars were unable to upload the data. They will now have to submit it by March 2018

              “An amount exceeding Rs 10 lakh or valued by stamp valuation authority exceeding Rs 10 lakh for purchase or sale of any immovable property requires PAN card to be quoted,” Rajkumar said.

              The department of income tax is also tracking cash payments for goods and services, including vehicles and white goods. Income tax officials said that failure to submit the data would lead to penalties on those responsible for reporting such transactions, that is the sub-registrars.

              “If a person who is required to furnish the statement of financial transaction fails to do so within the prescribed time, there is a penalty of Rs 100 per day. This money shall be deducted from their salary,” income tax officer V B Budihal said.











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                Regularisation of houses: Goa govt to levy Rs 10,000 for scrutiny of papers

                Structures constructed either without permission from relevant authorities or in violation of approved plans sanctioned, will be regularized by the government.Murari Shetye | TNN | October 16, 2017, 13:00 IST

                PANAJI: Applicants seeking regularisation of their illegal structures will have to initially shell out Rs 10,000 for scrutiny of documents.

                Revenue minister Rohan Khaunte told TOI that authorities will not begin examining the papers filed by the respective applicant unless the amount is paid. So far, 4,500 applications have been submitted, Khaunte said.

                “If we scrutinize the documents, and in the event that the applicant decides not to complete the final payment then the entire process will be a waste of time,” the revenue minister said, adding that this amount will be adjusted in the final settlement.

                “Once the money is deposited, it will indicate the seriousness of the applicant,” he said.

                Khaunte also said that the government wants to complete the entire process of regularisation before March 2018.

                Structures constructed either without permission from relevant authorities or in violation of approved plans sanctioned, will be regularized by the government.

                Structures to be covered include any construction in one's own property, construction in a property held by co-owners (provided necessary written consent of such co-owner has been obtained), construction of mundkarial structure by a person duly declared as mundkar under the provisions of the Mundkar Act, or a farmhouse constructed by a tenant or owner on agriculture land.

                The district collector and mamlatdar in every taluka had been tasked with the responsibility of identifying illegal structures within their jurisdictions.

                In 2001, the BJP government had announced regularisation of illegal structures. Last year in August, the legislative assembly had passed the Goa Regularization of Unauthorized Construction Bill, allowing for legalisation of unauthorized structures existing before February 28, 2014.










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                  RERA registration deadline extended to Dec 31: Goa govt

                  PANAJI: A delay in notifying the draft rules under the Real Estate (Regulation and Development) Act (RERA) and the absence of an online portal for receiving RERA applications from builders, has promoted the state government to extend the deadline for ongoing real estate projects to December 31.

                  This is the second time that the Goa government has relaxed the cut-off for projects that are yet to receive their completion or occupancy certificate to register with the RERA authority.

                  “The date for acceptance of applications from ongoing projects under RERA has been extended to December 31, with no penalty being levied till then,” a senior government official said.

                  According to Section 59 (1) of the RERA Act, a builder who fail to register under Section 3 of the Act, which deals with registration, selling and marketing of new and ongoing projects, will be liable to pay penalty of 10-20% of the project’s estimated cost. Realtors, are of the view that the extension is required because they have little time to register their projects if the rules are notified this month.

                  Officials with the directorate of municipal administration said that the absence of the online portal for applications was one of the reasons for the extension that will give realtors till December 31 to complete their projects apply for occupancy or completion certificates.

                  A Lok Sabha committee on subordinate legislation, called to deliberate over the implementation of RERA, has expressed concern over relaxation and dilution of RERA in various states, including Goa. The committee is chaired by BJP Lok Sabha MP Dilipkumar Mansukhlal Gandhi. “The committee express their dismay over the fact that even after a lapse of one year and two months, many of the states have not notified the Rules so far,” the committee report said.

                  The committee went on to say that the Real Estate (Regulation & Development) Act was a “landmark reform” for the real estate sector and “its successful enactment largely depends upon the timely framing of the Rules under the Act by all the states”.

                  The committee report, which was presented in the Lok Sabha on August 10, also said that Goa, Manipur and West Bengal had not provided any information to the committee.

                  The Union ministry of housing and urban poverty alleviation has written two letters to Goa asking for the state to ensure that the rules are drafted and notified quickly.


                  Source: realty.economictimes.indiatimes.com
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                  • Re : Goa Real Estate News & Questions

                    GIDC to expedite process for building plan approvals in Goa

                    GIDC has stipulated that construction permits and building plans must be approved within 45 days and 30 days, respectively.Newton Sequeira | TNN | October 22, 2017, 09:14 IST

                    PANAJI: Entrepreneurs and industrial units can now hope for better days as the Goa Industrial Development Corporation (GIDC) is undertaking reforms to expedite the approval process.

                    GIDC has stipulated that construction permits and building plans must be approved within 45 days and 30 days, respectively.

                    It has fixed a time-line for inspections to be carried out by its officers and stated that all inspection reports, occupancy certificates and construction permits must be uploaded on the GIDC website within two days.

                    Sources said the reforms are part of the recommendations proposed by the department of industrial policy and promotion as part of the Business Reform Action Plan for 2017, a set of reforms to help improve India’s ease of doing business ranking.

                    According to GIDC’s reforms, the field or area manager of an industrial estate must conclude plinth inspection and approve the building plan within seven days of the application being made. The regional manager and general manager would then have to approve the plans within the next seven and 16 days. “The process must be completed within 30 days from submission of documents and payment of fees,” a GIDC official. The occupancy certificate must be issued within eight days of licence being issued. Water connections must be given within 14 days and electricity connections within eight days.










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