Announcement

Collapse
No announcement yet.

Goa Real Estate News & Questions

Collapse
This is a sticky topic.
X
X
Collapse

Goa Real Estate News & Questions

Last updated: 1 week ago
1694 | Posts
  • Time
  • Show
Clear All
new posts
  • #61

    #61

    Re : Goa Real Estate News & Questions

    20% more FAR for educational institutes

    PANAJI: There is good news for recognized educational institutes in the state who are planning to expand their infrastructure to accommodate more students and have space crunch as the Town and Country Planning (TCP) board has decided to grant additional 20% floor area ratio (FAR).

    At the TCP board meeting on Monday, chief minister Manohar Parrikar said that education institutes which have complete complexes will be permitted 20% relaxation and one floor extra to ensure that they can accommodate more students.

    The board has also decided to allow the maximum height of institutions to 15.5m from the existing 12m, which spells an approved 3.5m extra height.

    Parrikar also said that this decision will stop destruction of open spaces around institutes where students play. The board's decision will now be forwarded to the state government for approval and then it will be notified.

    Parrikar said institutes which are running partially in residential colony will not be considered under this scheme.

    This decision was taken after five educational institutes sought permission from the TCP board to increase the FAR of their structures allowing them to build one more floor.







    20% more FAR for educational institutes - The Times of India
    Please read IREF rules | FAQ's

    Comment

    • #62

      #62

      Re : Goa Real Estate News & Questions

      Is the time right to invest in Goa ?

      Goa property prices facing turbulence in age of bubbles - Times Of India

      Comment

      • #63

        #63

        Re : Goa Real Estate News & Questions

        Goa state coastal zone management authority issues notices to 11 hotels in CRZ areas at Mandrem, Morjim

        PANAJI: The Goa state coastal zone management authority (GCZMA) issued show-cause notices to 11 hotels and resorts in Mandrem and Morjim villages for violating CRZ regulations.

        The show-cause issued by GCZMA member secretary Levinson Martins sought to know why action should not be initiated against the hotels or resorts with regards to the CRZ violations. GCZMA had called representatives of hotels and resorts for a personal hearing next month. The notices have been issued on the directions of the National Green Tribunal (NGT). The decision taken during the personal hearing would be conveyed to the NGT, a GCZMA official said.

        Notices have been issued under Section 5 of the Environment (Protection) Act, 1986, read with sub rule 3(a) of Rule 4 of the Environment (Protection) Rules, 1986, delegated to the GCZMA. The GCZMA directed 11 hotels and resorts, located at Mandrem and Morjim to remain present before the authority, in order to submit their say and to show-cause as to why the establishment and the construction should not be ordered to be demolished as the same has been constructed in violation of the provisions of the CRZ notification, 2011.

        'Failure to appear before the GCZMA for a hearing will compel the authority to initiate stringent legal action against your establishment, including orders for demolition without any further notice,' Martins said in the notice.

        On September 11, an NGT bench headed by Justice Swatanter Kumar directed GCZMA to issue notices to all the defaulters and violators within one week and to complete the entire proceeding and pass an order in accordance with the law within four weeks thereafter.

        On August 24, GCZMA conducted the inspection and noticed gross violations of CRZ regulations and found many hotels to be in no-development zones. A NGO, Goa Foundation, had approached NGT and prayed before the court that the various constructions raised in the no-development zone in Morjim and Mandrem villages should be directed to be demolished and their water and electricity supply should be disconnected.

        On August 12, NGT had directed GCZMA to pass appropriate orders against the persons to whom the notices have been issued in furtherance to the NGT order dated May 16. NGT also directed GCZMA along with the officers of the wildlife department to inspect the above premises of the notices and submit a report to the tribunal.

        During the last hearing at the NGT, the counsel appearing for the various notices, submitted that they have reasonable defense to disclose and they would be able to show that they have not violated CRZ regulations.










        Goa state coastal zone management authority issues notices to 11 hotels in CRZ areas at Mandrem, Morjim - The Times of India
        Please read IREF rules | FAQ's

        Comment

        • #64

          #64

          Re : Goa Real Estate News & Questions

          Government must share infrastructure tax with panchayats: Salcete forum

          MARGAO: The newly-formed Salcete taluka panchayat forum resolved to ask the government to share infrastructure tax with panchayat bodies to tackle the garbage problem faced by villages.

          "We have plans to hold a meeting every first Saturday of the month," said forum convenor and Raia sarpanch Xavier Fernandes told STOI.

          Fernandes added panchayats are facing problems over collection of waste for want of labour. "Panchayats have no workers to perform civic duties, including collection of garbage or even disposal of animal carcass. The government should allow panchayat bodies to engage permanent labourers to carry out these civic functions," said Fernandes.

          On payment of salaries to the civic staff, Fernandes said that the forum was of the opinion that the government should provide the panchayats with financial grants to engage workers. "The government is collecting various taxes from panchayat areas, including infrastructure tax. The forum expects the government to return the infrastructure tax to the panchayat to make payments to the civic workers," he said.

          The representatives of the panchayats across Salcete further discussed various grievances concerning the gold jubilee fund which is meant to be utilized for signature projects.

          The forum has also decided to ask the directorate of panchayats (DoP) to extend the time limit for the utilization of the golden jubilee fund.

          Fernandes said that the shortage as well as absence of engineers, including assistant engineers in the Block Development Office (BDO) office has adversely affected work on the signature projects. "The shortage or absence of engineers in the BDO office has affected preparation of estimates of the projects. The government had set September 30 as the deadline to utilize the golden jubilee grant, but most of the panchayats are not in a position to utilize the grant," added Fernandes.










          Government must share infrastructure tax with panchayats: Salcete forum - The Times of India
          Please read IREF rules | FAQ's

          Comment

          • #65

            #65

            Re : Goa Real Estate News & Questions

            Mining policy finalized, to be notified soon

            PANAJI: The state government has finalized the mining policy and is likely to notify it shortly so as to submit it before the apex court next week.

            Admitting that the development is on account of the Supreme Court asking about the regulatory mechanisms in place to check illegal mining in Goa, chief minister Manohar Parrikar told STOI, "The policy itself has regulatory mechanisms. It has been finalized, will be notified any moment and a copy submitted to the apex court." He added that minor changes have been incorporated into the draft policy as per the objections and suggestions received by the mines department.

            Stating that the state government has realized that most of the illegal mining was done by fly-by-night exporters, Parrikar said other illegalities that have come to light include dump mining and traders exporting ore from non-working mines. "These cases are now being properly investigated by the special investigation team (SIT) formed to investigate illegal mining cases," said Parrikar.

            The state government had tabled the draft mining policy on August 8, the last day of the monsoon assembly session.









            Mining policy finalized, to be notified soon - The Times of India
            Please read IREF rules | FAQ's

            Comment

            • #66

              #66

              Re : Goa Real Estate News & Questions

              Construction industry fears miner's nightmare

              MARGAO: The impact of the scarcity of fundamental construction materials, particularly sand, in Goa, has got the stakeholders in the construction industry worried. Industry captains feel that if immediate steps are not taken to streamline the availability of sand, the construction industry may well go the mining way.

              The ban on sand mining in Goa and restrictions placed by the Karnataka government on the transportation of sand to Goa has led to the scarcity of this fundamental construction material and escalation of its price, thus severely hitting the construction industry in Goa. And it's not just the private developers' projects that have been adversely affected by the sand shortage. Sources in the South Goa district administration informed that the most of the projects funded through the MPLAD scheme are also witnessing cost and time overruns.

              Acknowledging the problem, South Goa district collector, N D Agrawal, said that he has asked his engineers to explore alternatives for sand and seek innovative solutions.

              "For instance, crushed stone powder could be used in place of sand for laying interlocking pavers. Solutions can also be found by technical experts to use alternative materials to sand for construction," Agrawal said.

              Sources said that the construction industry, reeling as it does under global recession, is facing "tough times".

              "It's a buyer's market out there. Though the rise in the cost of sand and other fundamental construction material is bound to increase the cost of construction, the builders are unable to pass on the burden to the buyers. While on one side, new sales are hard to happen, old buyers are facing problems in repayment of their house loans," Datta D Naik, owner of Commonwealth Developers, said.

              Sand transporters who manage to bring sand from outside Goa on the sly, sell it at a premium. Prior to the ban on sand transportation by Karnataka, sand was being brought to Goa from places like Karwar, Ramnagar and Londa, as sand extracted from the river beds in these places in considered much superior from that available in Goa. The fine Karwar sand is in great demand for its superior quality as opposed to the coarse river sand that is locally available. The ban on sand transportation has rendered almost 250 persons engaged in that business, jobless, sources in the sand transportation business said.







              Construction industry fears miner's nightmare - The Times of India
              Please read IREF rules | FAQ's

              Comment

              • #67

                #67

                Re : Goa Real Estate News & Questions

                Sand ban destroying poor man's dream home

                PONDA: The total ban on sand extraction and transportation has virtually destroyed the common man's dream to have a small budget home as they can't construct the houses due to the unavailability of sand.

                "Poor people save money to have their own house. Even after lifting of the ban the price of the sand would sky rocket thus ending their hopes of having a home," Santosh Naik, a local of Ponda said.

                Prasad Prabhugaonkar, a civil contractor from Codar-Ponda says, "Several Hindus who had planned to enter their new houses on the auspicious occasion of Chovoth missed the date as there was no sand available to complete the construction work- which was mostly the laying of tiles for which sand from Volvoi is recommended." People have to think several times before they plan to have their own homes as the prices of all materials are going up every day, he adds.

                "Some time after beginning construction prices of certain items like steel rise up and we personally bear the losses after considering the economical background of the people constructing the houses and to retain a good relationship," Prabhugaonkar revealed.

                Hanumant Naik, a resident of Durbhat-Ponda said that sand ban has affected his business of making pavers, gutter slabs, etc. and he has to continue paying his unemployed workers. In spite of the loss, he refuses to compromise on quality and use gravel or graphite powder for the same.

                A traditional sand extractor from Ponda, reveals that the ban has only affected the poor as the rich buy sand from neighbouring states. The inter-state suppliers transport it in wooden cases by transporter lorriers, used to transport big consignments. When TOI asked a worker unloading sand from a lorry, he traced the source back to Khanapur, in Karnataka. The help also added that it was easy to cross the border check posts as authorities overlook such transporter lorries.






                Sand ban destroying poor man's dream home - The Times of India
                Please read IREF rules | FAQ's

                Comment

                • #68

                  #68

                  Re : Goa Real Estate News & Questions

                  NGT 'not happy with MoEF approach'

                  PANAJI: In a major blow to the clarificatory notification issued by the ministry of environment and forests (MoEF), the National Green Tribunal (NGT) held that prima facie they are not satisfied with the approach of the MoEF. The notification is with regards to the validity of an environment clearance (EC) favoring industries, including mining.

                  The high court on August 12, 2011, in the matter of Shankar Raghunath Jog, had held that the validity of the EC granted by MoEF is for a period of five years from the date of commencement of operation of the mining project or expansion of the project. On August 21, a notification issued by the MoEF had clarified that an EC offers mining firms up to five years to commence operations as against the previous interpretation that an EC is valid for five years from the commencement of operations.

                  "The tribunal will deal with the matter on the issue of contempt of court, for making a suitable reference to the Apex court in as much as admittedly till the date, there is no stay granted to the judgment of the high court of Bombay at Goa. Needless to say, till the date, the view taken by the high court of Bombay at Goa holds the field," the bench observed, when the matter pertaining to the EC came before the NGT. Issued by Ajit Tyagi, joint secretary, MoEF, the notification states that the central government has decided to issue the clarification "in order to remove the anomalous situation that emerged due to the interpretation held by the HC order in construing the validity of the environmental clearance merely five years from the date of commencement of the construction or operation and consequential repercussions on the validity of environmental clearance issued to several thousand ongoing projects...".






                  NGT 'not happy with MoEF approach' - The Times of India
                  Please read IREF rules | FAQ's

                  Comment

                  • #69

                    #69

                    Re : Goa Real Estate News & Questions

                    Salgaocar brothers move High Court over property dispute

                    MUMBAI: The Salgaocar brothers, one of Goa's biggest business groups, are locked in a battle over separation of the group's assets after one brother accused the other of reneging on a signed agreement.

                    Shivanand Salgaocar, son of Vasudev Salgaocar, who founded the mines-to-hotels group in the 1950s, has filed a petition in the Bombay High Court asking that a settlement agreed upon by the two brothers be implemented.

                    He has alleged that the family of Dattaraj Salgaocar had walked out of the agreement, claiming that the agreement was "tax evasive".

                    At stake are two family mansions in Goa, several offices, iron ore mines, a hotel business and ships worth hundreds of crores.

                    The case came up for hearing on Thursday. Justice SJ Kathawala said he will hear the petition filed by Shivanand against his brother Dattaraj on October 17. Mumbai-based law firm Dastur Dadhich & Kalambi is representing Shivanand while younger brother Dattaraj is being represented by two law firms - Gagrat & Company and Federal & Rashmikant

                    The Economic Times has reviewed the petition. ET tried to reach Shivanand who responded saying he's travelling abroad and asked us to get in touch with his office. Dattaraj Salgaocar in an email response to our queries said: "I have no comments to offer as the matter is sub judice."

                    The crux of the dispute is the memorandum of understanding by the two groups reached in October 2009. This proposal divided the family businesses and business assets and properties into the mining business and hotel business referred in the petition as 'business baskets'.

                    The MoU also provided for the segregation and division of the family businesses, the estate and the two family residential properties, and the steps needed to be taken to implement the division. The petition said that several resolutions were later passed by Salgaocar group companies to facilitate the settlement.

                    "Both the families were almost reaching a settlement but then we don't know what happened," said a person involved in the case, and declined to give more details citing it family's internal matter. "We are hoping to get it settled very soon."

                    Dattaraj is married to Dipti, the sister of Mukesh and Anil Ambani. Officials from both the Reliance groups appeared to have helped in the original agreement.

                    Shivanand's petition says that the division of assets was initially a smooth affair. "With professional advice of Atul Dayal, Gautam Doshi and tax and financial advisors KPMG, Dattaraj Salgaocar for himself and on behalf of his group consciously chose and elected to take the hotel business basket."

                    A written communication (letter of election) dated December 11, 2009, of the binding acceptance of the hotel basket and signed by Dattaraj Salgaocar was sent to the Shivanand faction.

                    The Shivanand group also agreed to infuse 385 crore into the hotel business and borrowed 100 crore from friends and associates to make the payment.

                    The VM Salgaocar Group was founded by late Vasudev Salgaocar in 1950s that made its wealth through its mining operations. They are mainly engaged in mining and iron ore export with interests in shipping, real estate, hospitality, agriculture, media and healthcare. The group's website says that it is one of the leading Indian suppliers of processed iron ore to the world's largest steel makers NSC and POSCO besides other steel mills in China, Romania, and the Middle East.

                    "Wealth management through generations has become difficult to manage in today's world," says Mita Dixit, co-founder and head of family business advisory at Equations Management. "In many cases, with generation next entering the family business after studying abroad they would like to do something very different from their family business, which becomes tipping point for separation."

                    The group also has several trusts that run schools, colleges, hospital and Goa's famous Salgaocar Football team.




                    Salgaocar brothers move High Court over property dispute - The Economic Times
                    Please read IREF rules | FAQ's

                    Comment

                    • #70

                      #70

                      Re : Goa Real Estate News & Questions

                      Mining, red industries, townships prohibited in 99 Goan villages

                      PANAJI: A total of 99 villages in Sattari, Sanguem and Canacona talukas will see no mining activity, construction projects of 20,000 square meters and above, big townships and red category industries.

                      The Union ministry of environment and forest (MoEF) on Wednesday directed five states, including Goa, to prohibit such activities in ecologically sensitive areas (ESA). Of the 99 villages, 56 are in Sattari taluka, 38 in Sanguem and five in Canacona.

                      MoEF deputy director Dr Amit Love said new or expansion projects and activities shall be prohibited in ESAs from the date the directions are issued, except for projects that have been received by MoEF before the report of the high level working group (HLWG) headed by K Kasturirangan was uploaded on the ministry's website on April 17, 2013. MoEF issued the directions under Section 5 of the Environment (Protection) Act, 1986.

                      HLWG noted that approximately 60% of the Western Ghats region is under cultural landscape that has human dominated land use of settlements, agriculture and plantations (other than forest plantations) and around 40% of the land area is under natural landscape. Of the natural landscape, the biologically rich areas, with some measure of contiguity, are roughly 37% of the Western Ghats which is 59,940 s km.

                      HLWG identified this 37% of natural landscape, having high biological richness, low forest fragmentation, low population density and containing protected areas (PAs), world heritage sites (WHS) and tiger and elephant corridors as an ESA.

                      MoEF said because of unprecedented threats to the natural landscape of the Western Ghats by development projects and urban growth, HLWG recommended a no-tolerance policy with respect to highly interventionist and environmentally damaging activities like mining or polluting industries. HLWG highlighted the need for urgent action to protect the biologically rich, diverse and natural landscape of the Western Ghats.












                      Mining, red industries, townships prohibited in 99 Goan villages - The Times of India
                      Please read IREF rules | FAQ's

                      Comment

                      Tags: None
                      Have any questions or thoughts about this?
                      Working...
                      X