Panaji Property News

DoE Issues Show-cause Notice In Foreigners Property Issue.

Panaji, May 28: Directorate of Enforcement has initiated show-cause notices against the foreigners who have brought properties allegedly in the state violating of Foreign Exchange Management Act.

The notices issued directly to the parties and also through the state government has asked why their properties involved in the contravension of the FEMA should not be confiscated to the central government account in terms of Section 13 (2) of FEMA 1999. Read More>>

Monday, June 02, 2008  India Realestate

Land prices rise in Goa

Land prices have risen significantly in Goa, driven by high interest for holiday homes or second homes in the state. Prices have increased by over 20% in the last one year alone across the state.

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. Read More>>

Saturday, February 09, 2008  India-Realestate

Kenilworth Beach Resort to add 16 villas in Goa property

The Kenilworth Beach Resort and Spa, a 5-star hotel in Goa, is to add 16 luxury villas of 1,000 sq.ft to its property by Oct '08 at a cost of Rs 5.5 crore.

The resort is situated on a 14 acre site and has 107 rooms currently. Read More>>

Saturday, February 09, 2008  India-Realestate

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