Latest Real Estate Projects in Goa
Property developers continue to invest in land in Goa, in spite of capital values multiplying over the last few years. The Oberoi group acquired land last year to develop a “villa” property in Goa, and the latest is by Diana Buildwell, a subsidiary company of Indiabulls Real Estate. The company has purchased a sea-facing hotel property and 21 acres of land at Vagator Beach, Goa, from Sterling Holiday Resorts
The state’s financial and investment corporation, EDC Ltd, will develop an IT Park at Patto Plaza, Panaji. The Rs.50 crore project will include a shopping mall, entertainment zone, health and restaurant facilities, a multiplex and an apartment hotel.
The Goa Government will promote a residential housing complex near the new IT Park at Dona Paula with an allocation of 30,000 sq m of land. Requests have also been made by the IT industry to develop another IT Park at Soccoro in North Goa. DLF will develop an international convention centre for the Goa Government at Dona Paula on a build-operate-transfer basis. Spread across 25 acres, the centre is expected to be completed by January 2009.
Beach facing apartments, villas, serviced apartments, colonial bungalows… Goa has much to offer. Of the several ongoing residential projects by private builders in Goa, some which have drawn the attention of investors are:
‘Le Sanctuairé’ in Oxel River Valley, Siolim, Elvira de Goa on Colva and Benaulim Beach, Vasant Vihar in Miramar by the Dempo Group and Beach Village by MTech Developers.
