To Goanet - The selling of Goa has shifted into top gear. Until Goans come out into the streets and stop this, Goa is toast. The prospect of owning a place of his own in their own homeland is now a fast receding dream for 99% of Goans.
See below. The usual suspects are prostituting Goa for the benefit of rich outsiders. The Margao, Panaji and Bardez builder lobbies are represented. r http://economictimes.indiatimes.com/articleshow/3398127.cms Excerpts: If you’re looking at investing in property or buying a second home, then Goa may still be you’re best option. Nature is doing for Goa, what IT did for Bangalore and Hyderabad — send land prices soaring! “Goa attracts second home buyers for whom a loan rate hike does not make much of a difference. So the prices are still increasing,” said Dattaprasad Kamat, proprietor, Kamat Developers. A lot of agitation has put a halt on many upcoming projects but the demand for a home still continues. Obviously prices will shoot up,” says John Britto, director of Acron Developers. A recent study by the Goa Chamber of Housing Association states that to cater to the increasing number of tourists flocking the state, Goa would require over 1,10,000 hotels and housing developments by 2016. Says Dutta Naik, president of GCHA, “People will keep coming to Goa, but the rooms available are less. Obviously prices will shoot”.
