Goa Housing Board signs the 3 Joint Venture Deals in Goa

Goa Housing Board signs the 3 Joint Venture Deals in Goa

The Goa Housing Board (GHB) is launching several initiatives to increase housing options in the state. Under this initiative by the Goa Housing Board, initially, they will sign 3 joint venture deals in Goa with local developers for flats as well as for plots. Here’s a breakdown of their plans:

Joint Venture Projects:

• Locations: Colvale, Davorlim, and Xeldem
• Number of Units: 100 plots and 100 flats (total)
• Partnership: GHB will partner with private investors.
• Sharing Ratio: Likely 70% for private investors and 30% for GHB (under discussion)

Reservation Policy:

• 15% reservation: Allocated for people from the villages where the projects are being developed.
• Additional 15% reservation: For residents of the respective talukas (districts)

Prime Minister Awas Yojana (PMAY) Projects:

• Separate projects will be undertaken under this government scheme. Eligibility criteria will be distinct from the joint venture projects.

E-Auction:

• GHB will conduct an e-auction for around 100 plots and apartments across various talukas before Gudi Padava (March 25). Locations include Bicholim, Ponda, and Canacona.
• Bidder criteria, including a 15-year residency certificate and income proof, are being finalized for government approval.

Project Timeline:

• Promotions for all projects are expected to start by the end of February 2024.
• GHB will ensure widespread publicity to maximize participation in the e-auction process.

Overall, this initiative by the Goa Housing Board aims to provide a mix of affordable and market-rate housing options throughout the state.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in