If you observe carefully, most of the big star hotels are situated in the CRZ zones and 90 per cent of them belongs to the non-Goans. The investment from the outside of Goa have resulted into the commercialisation of properties in the state, and if the investment stops, the progress will stop and at the moment Tourism is the only industry that is laying the golden eggs.
The rates of the properties in Goa had shot up due to the investments coming from outside the state, and that is mainly from the major metro cities like Delhi and Mumbai. Several hundred big investors have invested in Goa and half of the land does not belong to the locals anymore. In fact, the non-Goans are the major investors in Goa in the properties that are close to the seashore (CRZ)
According to the reports, The Non-Goans (The outsiders according to Goans) always show an inclination towards investing into the properties in Goa but now there are new developments taking place which make it difficult for them to invest in Goa. What are those developments let’s take a look at it here.
It is no more a hidden fact that Goans primarily do not like the people from outside buying properties in Goa, and demand for the special status was one such move towards the stopping of the outsider’s encroachment in the Goa. But unfortunately that did not happen and Goa was denied the special status.
According to the reports, The Non-Goans (The outsiders according to Goans) always show an inclination towards investing into the properties in Goa but now there are new developments taking place which make it difficult for them to invest in Goa. What are those developments let’s take a look at it here…
BJP promised special status to Goans before coming to power in the year 2012, but later on, they took U-Turn. But now the new developments that are taking place may give some relief to the Goans. According to the sources, the non-Goans may not be able to purchase the properties in Goa in the areas notified as the CRZ (Coastal Regulations Authority) zone.
The non-Goans and foreigners invest into the properties in Goa for the commercial purpose and CRZ is one of the most lucrative options, but with the new development in the pace the outsiders may no want to invests into the properties anymore, said the sources.
The sources have revealed that During its meeting the GCZMA has observed that there are large-scale purchases of land in the CRZ areas by non-Goans or foreigners for commercial purpose.
The reports from the reliable sources said that the state-run Goa Coastal Zone Management Authority (GCZMA) is contemplating the possibility of imposing a complete ban on non-Goans buying land or properties in areas notified as Coastal Regulation Zone (CRZ). GCZMA in its recently held meeting seriously deliberated on the possibility of imposing the ban on allowing the sale of properties or land in CRZ notified areas to those who are not from Goa, a senior official attached to the authority (GCZMA) told PTI.
According to the latest notifications, the areas coming under the 100 and 200 meters of the CRZ from the bank of river, estuaries, and creek come under the No Development Zone, “The authority at its meeting on April 4 decided to seek legal opinion on the matter before drafting the proposal and placing it before the government for approval,” the official said.
The GCZMA during its last meeting had observed that there were large scale purchases of the lands in CRZ areas by non-traditional coastal communities or the non-Goans or foreigners for commercial purpose. Goa has a 105-kilometre long coastline which attracts lakhs of tourists here. Are you against or with the recent development?