Goa plans to release unused land parcels on a PPP Model.

Photo Caption:
(From L to R): Rajan Bandelkar, Vice Chairman, NAREDCO National; Aleixo Da Costa, Secretary, Goa Rehabilitation Board; Sadashiv Gaonkar, Housing Engineer, Goa Housing Board; Prashant Sharma, President, NAREDCO Maharashtra; Rajesh Doshi, Secretary, NAREDCO Maharashtra; and, Hari Babu, President, NAREDCO National during the NAREDCO Maharashtra’s Annual Members Meet 2025 at Panjim in Goa.


The Goa Rehabilitation Board and Goa Housing Board have called the Real Estate Developers’ Body NAREDCO Maharashtra to explore investment opportunities in the development in the residential, commercial, mixed–used, redevelopment, and business parks segments of the State. The senior representatives of Goa Rehabilitation Board and Goa Housing Board presented the landscape of ‘Unlocking Real Estate Opportunities in Goa’ to the developer members of NAREDCO Maharashtra, which organized its Annual Members Meet 2025 at Panjim, in Goa, to observe a successful milestone of completion of ten years of the trade body’s Maharashtra Chapter.
“Goa is not just a tourism destination now, but a fast-growing State for scaling businesses including the real estate offering an exponential potential to the developers who are looking for setting up of new residential and commercial projects along the coastline or in the States’ hinterland and also for the global investors who are willing to invest in second or leisure homes, luxury villas, rental homes or hospitality ventures,” said Aleixo Da Costa, Secretary, Goa Rehabilitation Board while talking about the ‘Opportunities in Goa’.
Announcing the mega plans to release the unused land parcels for real estate development in the State, Da Costa said, “The public sector is looking at redevelopment of its used land parcels combined with monetization of its unused land parcels through the public–private partnerships.”
He mentioned that the places like Vasco, Sada Vasco, Baina, Zuari Nagar, Colvale have major unused land parcels making the scope for huge investments. “We are planning to take all these land parcels together, release the unused land in Sada Vasco for rehabilitation purposes first and then monetize the rest of the land parcels in a PPP model where private developers can participate. The tenders will be issued very soon for monetization of the land,” Da Costa informed.
The land parcels are mostly in Vasco City and within a radius of 1 to 2 kms from Airport, Seaport, and Railway making these land parcels huge potential for investments. The land parcels mentioned are: Sada Vasco (24,580 sq. mtrs., Used: 10,000 sq. mtrs., Unused: 14,000 sq. mtrs.), Baina (4,600 sq. mtrs.), Adarsh Nagar Chicalim (Vacant Land: 23,533 sq. mtrs.), Colvale (1,000 sq. mtrs.), and Zuari Nagar (1,800 sq. mtrs.).
Property prices in Goa are climbing at 15-30 per cent each year, making it a high growing market. On an average, the properties in North Goa have appreciated by ~83 per cent over the last five years, with Candolim (168.5 per cent), Siolim (149.2 per cent), and Calangute (83 per cent) experiencing significant price appreciation.