The Goa Rehabilitation Board and Goa Housing Board have invited NAREDCO Maharashtra developers to explore investment opportunities in the state’s real estate sector. The focus includes residential, commercial, mixed-use, and redevelopment projects.
At NAREDCO Maharashtra’s Annual Members Meet 2025 in Panjim, officials outlined Goa’s potential, citing rising demand and increasing property values. Goa plans to release unused land parcels through a public-private partnership (PPP) model, with key locations including Vasco, Baina, Zuari Nagar, Colvale, and Chicalim.
Aleixo Da Costa, Secretary of the Goa Rehabilitation Board, highlighted the state’s rapid transformation beyond tourism into a business and real estate hub. “We will release unused land in Sada Vasco for rehabilitation and monetize the rest through PPP tenders,” he said. The lands’ proximity to airports, seaports, and railways adds to their investment appeal.
Sadashiv Gaonkar of the Goa Housing Board noted Goa’s booming real estate market, driven by professionals, remote workers, and institutional investors. “Property prices in North Goa have surged by up to 30% annually, with high returns on investment ranging from 4% to 10%,” he said.
NAREDCO leaders, including Prashant Sharma and Rajan Bandelkar, welcomed Goa’s investment push, emphasising its growing potential as a real estate hub. Sharma noted increasing interest from NRIs in luxury villas and second homes, particularly in Vagator, Morjim, and Dona Paula.
With expanding infrastructure—such as the Mumbai-Goa Expressway, new airports, and improved connectivity—Goa is poised for significant real estate growth.
