Goa Real Estate Amidst SEZ Controversy

The Particular Economic Zones (SEZ) contention in Goa took a new bend with the Centre scrapping as many as eight SEZ proposals. Amid mounting pressure level level by anti-SEZ militants in Goa the Centre de-notified all the zones in the state.

The dissenters fearing the deductions of SEZ argued that the zones are going to add on additional pressure on the already fragile substructure in Goa and may take to a weakening of the Goan identity. Moreover they were discerning that 'outsiders' would flood Goa in Hunt for occupations thus crunching on the chances for locals.

While substances concerning compensation to SEZ developers, who have got already pumped in money to put up the concern infrastructure, remained to be addressed the three controversial SEZs in Goa, Cipla's Meditab Specialities, Raheja's IT/ITeS SEZ and Peninsula Pharma's bio-tech SEZ, which were officially notified, were given a impermanent reprieve, mass media reports.

Commenting on the effect of SEZ contention on the existent estate scenario of Goa, Toilet from Goa Properties said, "Though commercialism ministry believes scrapping SEZs will direct a incorrect indicant to foreign investors, but we don't see it like that. Goa have always been known for its tourer attractive force and no other state in the state witnessers such as big figure of tourers as Goa does. So we localites don't see any danger to the shinning prospects of Goa existent estate."

Indeed the existent estate developments are in full swing in Goa. Since it is the High-Net deserving Individuals (HNI) and aliens who are the greatest investors in Goa property, a big figure of cordial reception and insurance premium residential undertakings by assorted developers targeting these frequenters are on the move.

SEZ could have got been a plume in the cap of the already growing existent estate industry of Goa, but their absence is not going to change the fact that Goa places are not only low-cost but are also much desired for and thus are very much in demand, states George, a existent estate agent based in Goa.