3 Projects Will be Developed By Goa Housing Board in Joint Venture

Goa Housing Board (GHB) has decided to develop three projects through private investment at Colvale, Davorlim and Xeldem. In all, 100 plots and 100 flats will be developed.
“We will develop three properties through a joint venture project,” chairman GHB Subhash Shirodkar told TOI.

Modalities about sharing the plots and flats between the private investor and GHB are being worked out Shirodkar said.
“It may be a 70:30 ratio, that is 70% of the plot or flats for the private player and the rest for GHB,” he added.

Shirodkar also said that GHB will have 15% reservation for people of the villages identified for developing properties. A similar reservation will also be forwarded to those residing in the respective talukas, he added.

Some projects will be taken up under the Prime Minister Awas Yojana (PMAY) for which the criteria will be separate, Shirodkar said.

GHB will also e-auction around 100 plots and apartments identified in most talukas across the state, including Bicholim, Ponda and Canacona, before Gudi Padava, on March 25.

The bidder criteria has been finalised, which includes a 15-year residence certificate and an income certificate, among others, and will be sent for government approval.

“By February end, promotion for these projects will start,” Shirdokar said.

GHB will ensure wide publicity for the projects so as to have maximum participation in the auctioning process.

(Source: The Times of India)

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