Source: Navhind Times August 15, 2014

PANAJI: If things go on schedule, Goa will soon have a new multi-speciality hospital that is unique in concept and modelled on a distinctive ownership principle vis-à-vis standard multi-specialities run by a corporate group.

On Thursday, prominent medical practitioners announced a new 210-bed, super-speciality hospital project, Healthway Hospitals at Kadamba plateau, costing Rs 170 crore that is being promoted by 33 members of the medical fraternity from North Goa.

The hospital, said Dr Virendra Gaonkar, chairman of the core team, was in the drawing board stage for two years and is ready to get off the ground now with land being purchased and starting of construction work.

Source: OHeraldo January 6, 2015

Govt to now house info tech habitat at Kadamba plateau
Moots setting up electronic city in Pernem; envisages generating 40,000 jobs

PANJIM: In a major decision, the state government has announced that it would shift the controversial IT habitat from Dona Paula, to an area spread across 4.5 lakh square metres, at  the fast developing Kadamba plateau. The government has also proposed setting up of an electronic city at Tuem industrial estate in Pernem taluka, to generate 40,000 jobs through both the projects.

Chief Minister Laxmikant Parsekar said that the IT habitat at Dona Paula will be shifted to Alto Chimbel behind the Electricity Department office at Kadamba plateau. “We have an area of around 4.5 lakh square metres there. The same would be used for setting up of IT habitat,” Parsekar said adding that the purpose of the project is to set up state-of-the art hi- tech facilities to promote software development and IT enabled services.

Source: Business Standard August 20, 2014

Goa expects 5% growth in charters
But arrivals could be hit due to rising tour costs

charterGoa is expecting 5% growth in foreign charter flights but the actual growth could be even lower due to 25-30% rise in tour package prices and closure of a few large Russian tour operators.

Last year Goa received 1141 charter flights and this year Airport Authority of India (AAI) is expecting 1200 flights. About 70% of all charter flights come from Russia.

The AAI has received requests from 12 companies from Russia, UK, Ukraine, Finland, Kazakhastan and Dubai to operate charters and is yet to finalise slots. Actual flight movements will depend on bookings. The first flight is expected on September 24 and charter season runs from October-May.

While the political turmoil in Egypt and depreciating rupee were positive factors last year and charter arrivals increased 10% over 2012 this year could see a slower growth. This is mainly due to spike in hotel rates in Goa.

Source: Department of Tourism January 22, 2014

~ Overall tourist arrivals up by close to 12% in 2013 from 2012. Domestic tourist arrivals up by 12.47% in 2013 as compared to figures from 2012

~ International tourist arrivals up by 9.27% from the previous year(2012). The number of foreign tourists coming to India during 2013, grew a modest four per cent between January and December 2013

~ Tourism department attributes this to aggressive marketing and PR campaigns, introduction of safety measures and focus on alternative tourism in hinterland and culture.

Record tourist arrival in Goa with 31.21 lakh tourists in 2013 compared to 27.87 lakhs in 2012. Goa Tourism crosses three million tourist arrival mark for the first time.

Revival seen in arrival of tourists from key UK market with a growth of 12 % over 2012. 1.45 lakh tourists from UK visited Goa in 2013 compared to 1.19 lakhs in 2012.

Source: The Times of India Goa August 2, 2014

PORVORIM: Infrastructure planning consultants, LKS, who are drawing up plans for Panaji will be asked to also draw up plans for Margao and Porvorim, and planning consultants will also be appointed for Mapusa, Ponda and Vasco, chief minister Manohar Parrikar told the legislative assembly on Friday.

Speaking on a private member's resolution by Porvorim independent MLA Rohan Khaunte, Parrikar said that by the end of 2015, the government will think of appointing such consultants for all parts of the state in view of the "decaying urban infrastructure".

Khaunte's resolution was to recommend to the government that a consultant be appointed to draw out an infrastructure plan for Goa and specially for fast growing constituencies like Porvorim, etc, to avoid problems faced by outgrown cities and towns. Following the chief minister's assurance, Khaunte later withdrew his resolution.

Source: The Economic Times August 30, 2013

Impact of land acquisition bill on the real estate scenario in India

22162739.cms(The provisions of the Bill will be applicable in cases of land acquisition of 50 acres in urban areas or 100 acres in rural areas.) 

(Sanjay Dutt, Executive Managing Director of South Asia, Cushman & Wakefield sums up the impact of the land acquisition bill on the country's real estate.)

The LARR Bill is expected to majorly affect the development of large infrastructure development projects, industrial projects, integrated township projects and if they are brought under the ambit of this law.

While the populist objective is to ensure people losing land should be adequately compensated, the obverse that this will help the acquirers of the land to be more assured of the acquisition process and there by rule out problems of unwarranted claims and issues of inadequate compensations. The provisions of the Bill will be applicable in cases of land acquisition of 50 acres in urban areas or 100 acres in rural areas.

The compensation for land acquisition will now at least double in urban areas and will go up by 4 times in rural areas, according to the new LARR guidelines. Thus, the cost of land acquisition will surely go up for all projects irrespective of them being government or private or public-private-partnership (PPP) projects as they will have to adhere to the new norms. Further, the clause of mandatory consent of 80% of owners for private projects and consent of 70% landowners for PPP projects will delay the process of land acquisition and the projects in turn.

As land titles are not clearly documented in our country, it will take quite some time to change the current situation.

The bill is expected to add to the cost of a project substantially as the expected time taken for acquisition of land thereby delaying the entire process. Apart from the existing requirement of going through the regular the legal and regulatory process which usually adds up to the time and cost factor of any major large scale project.

Source: The Economic Times August 31, 2013

Land Acquisition Bill may push up property prices by 30%

(The Bill aims to provide higher compensation of four times the market value for land sold in rural areas and twice the market value for land.)

NEW DELHI: Real estate developers say the passage of the Land Acquisition Bill could push up property prices by as much as 30% in projects where land is yet to be acquired.

The Bill, passed by the Lok Sabha on Thursday, aims to provide higher compensation of four times the market value for land sold in rural areas and twice the market value for land in urban areas, among other benefits to land owners.

While developers agree that the Bill will increase transparency in land deals, they say the higher compensation to land owners could make several real estate projects unviable. While large projects of over 50 acres will become difficult to execute, even prices of smaller parcels of land that do not come under the purview of the Bill could double, they add.

"The process of acquiring land for projects will become tedious, especially in the case of large land parcels," said Lalit Kumar Jain, chairman of Confederation of Real Estate Developers Association of India.

Developers say the worst hit could be lowcost and budget housing projects. "The idea of low cost housing was to get cheap land. If land prices shoot up, so will the prices of the finished product," said Niranjan Hiranandani, chairman of Mumbaibased Hiranandani Group.

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012, will replace the Land Acquisition Act of 1894. It needs clearance from the Rajya Sabha and the President to become law. Besides ensuring fair compensation, the Bill says that land acquisition for public private partnership (PPP) projects will require the consent of 70% of the landowners while private projects will need the consent of 80% of the owners, conditions that will leave little room for forcible acquisition of land. The Bill also says that if the land is sold to a third party, 40% of the profits will have to be shared with the original owners.

Source: The Economic Times August 29, 2013

Land acquisition cost may go up to 3.5 times: India Inc

CII said it has always emphasised on the need to streamline the land acquisition process to boost manufacturing and promote job creation in the industry.

NEW DELHI: Land Acquisition Bill, passed by the Lok Sabha tonight, may push up cost of acquiring land by up to 3.5 times, making industrial projects unviable and raising overall costs in the economy, India Inc said.

Industry chamber CII said it has always emphasised on the need to streamline the land acquisition process to boost manufacturing and promote job creation in the industry.

"But the industry has serious concerns on some of the provisions of the Bill as it is expected to increase the cost of land acquisition by 3-3.5 times, making industrial projects unviable and raising costs in the overall Indian economy," CII President S Gopalakrishnan said.

At a time when major projects are stalled and India's global competitiveness is eroding, a more facilitative land acquisition process would have helped long-term growth and restore investor sentiments, he said.

Sharing similar views, Assocham Secretary General D S Rawat said: "...the industry feels that the cost of acquiring land for the industrial projects and the realty sector will go sky-high which is something not desirable and the Indian industry is battling a sever slowdown."

Source: The Economic Times Pune March 21, 2013

Theme park to come up in Sindhudurg

PUNE: About 1,300 acre of land will be acquired for the Maharashtra Tourism Development Corporation's (MTDC) Oceanarium-based theme park, previously referred to as Sea World, in the Malvan tehsil of Sindhudurg district, courtesy the budgetary allocation of Rs 100 crore for the 2013-14 fiscal.

An outlay of Rs 285 crore has been proposed for the financial year for infrastructure development in the tourism sector.

The Oceanarium-based theme park, which is expected to attract domestic as well as foreign tourists, will come up near the upcoming Chippi airport in Malvan, at Tondavali-Vayangani villages. "About 1,300 acre of land is to be acquired for the project and its supporting infrastructure such as resorts, marinas and hotels for tourists.

Source: The Times of India Goa November 4, 2014

Panaji: Sixteen infrastructure development companies from Malaysia, China, Germany, Korea, and India have shown interest in the construction of the International Greenfield Airport at Mopa in North Goa.

On Monday, 12 of these firms, including Essel Infra Mumbai, Air Asia Pvt Ltd, Vemb-Malaysia, Incheon Airport-Korea, Darin Airport-Korea, Indian Ocean Maritime India Pvt Ltd, Tata Realty, IRB-Infrastructural Developers Ltd, GMR-Airports, GVK Mumbai and IL&FS Transportation Network Limited-Mumbai attended the pre-bid meeting at the Porvorim secretariat complex. Shakat Aviation, Hira Nandani, Egis India Ltd, and Astute Engineering & Services Ltd did not attend.

The bidders were given a presentation by the state government on the master plan and overview of the project. Chief minister Manohar Parrikar was present at the pre-bid meeting, said Suresh Shanbhogue, director, directorate of civil aviation, and answered all queries raised by the companies. The companies "mostly wanted to know the government's seriousness on the project", said Shanbhogue.

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