Goa's Property Deals: A Murky and Bloody Business?
Increasing violence in Goa's property deals, broker disputes, and alleged mafia involvement have raised concerns about the industry's integrity.
GoaProperty DealsReal EstateCredaiMog FoundationViolenceCriminalizationRegulationTransparencyReal Estate MumbaiAug 31, 2024
Advocate Shashank Narvekar pointed out that the boom in Goa's real estate sector has led to a breakdown of the financial status of people, with many falling below the poverty line. This has driven people to make quick money through land deals, often leading to criminalization.Roshan Mathias, Director of Mog Foundation, emphasized that the root cause of the problem is the deteriorating socio-economic condition of Goan society. He argued that the government's failure to provide employment opportunities and facilitate local businesses has led to a rise in crime and corruption.
The article highlights the need for greater vigilance and regulation in the real estate sector to prevent such incidents. It also emphasizes the importance of addressing the underlying socio-economic issues that are driving the criminalization of property deals in Goa.The situation in Goa is becoming increasingly dire, with many locals feeling that they are being pushed out of their own land. The government must take immediate action to address these concerns and ensure that the real estate sector is regulated and transparent.
The real estate sector in Goa is a complex issue, with many stakeholders involved. However, it is clear that the current situation is unsustainable and requires immediate attention. The government, industry leaders, and civil society must work together to find a solution that benefits all parties involved.he article raises important questions about the future of Goa's real estate sector and the impact it will have on the state's economy and society. It is a wake-up call for all stakeholders to take action and ensure that the sector is developed in a sustainable and equitable manner.
In conclusion, the situation in Goa's property deals is a cause for concern. The growing trend of violence and criminalization must be addressed through greater regulation and transparency. The government, industry leaders, and civil society must work together to find a solution that benefits all parties involved.CREDAI (Confederation of Real Estate Developers Associations of India) is a leading industry body that represents the interests of real estate developers in India. Dr. Jagannath (Desh) Prabhudesai is the Chairman of CREDAI, Goa.
Frequently Asked Questions
What is the current situation in Goa's property deals?
The current situation in Goa's property deals is marked by growing violence and criminalization, with many disputes and incidents reported in recent times.
What is the root cause of the problem?
The root cause of the problem is the deteriorating socio-economic condition of Goan society, which has led to a rise in crime and corruption.
What is the role of CREDAI in the real estate sector?
CREDAI is a leading industry body that represents the interests of real estate developers in India. Dr. Jagannath (Desh) Prabhudesai is the Chairman of CREDAI, Goa.
What is the impact of the real estate sector on Goa's economy and society?
The real estate sector has a significant impact on Goa's economy and society, with many locals feeling that they are being pushed out of their own land.
What is the solution to the problem?
The solution to the problem requires greater regulation and transparency in the real estate sector, as well as addressing the underlying socio-economic issues that are driving the criminalization of property deals in Goa.
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