Land prices rise in Goa | INRnews
Land prices in Panaji have shot up from Rs 25,000 per sq.m to Rs 35,000 per sq.m with prime areas like Dona Paula and other areas on the waterfront as high as Rs 60,000-100,000 per sq.m. Prices in North Goa start at Rs 25,000 per sq.m in Calangute and other areas. South Goa is cheaper by around 30% in areas such as Colva.
Apartments are also pricey. A 1,400 sq.ft apartment in Vagator is going for Rs 42 lakh, a 1,500 sq.ft apartment in Dona Paula with all facilities is priced at Rs 95 lakh. In Colva, a 1,000+ sq.ft apartment is priced at Rs 34 lakh.
Real estate majors such as Tata Housing Development, DLF and Parsvnath are pouring investments in the State. This acceleration in development is causing concern to money. Popular opinion recently drove the government to scrap all SEZ projects in the State.
By INRnews Correspondent