A recent collapse of the Antao building in Margao raises concerns about public safety and the role of real estate developers in urban redevelopment.
Building CollapseMargao MarketPublic SafetyReal Estate DevelopmentMargao Municipal CouncilReal Estate NewsMay 24, 2025
The gallery portion of the Antao building near Cine Lata in Margao collapsed early Saturday morning, following a similar incident on Friday where a parapet on an old building near Pimpalkatta gave way.
Locals and residents are concerned about the safety of old buildings in the Margao market area, especially after recent collapses. They urge authorities to take proactive measures to prevent further incidents.
There are speculations that real estate developers might be eyeing lands where old buildings have collapsed, waiting for opportunities to redevelop the area.
Margao MLA Digambar Kamat inspected the site and instructed the South Goa District Collector to appoint a capable contractor to remove the unsafe portions of the building. He also plans to discuss a pan-Goa policy for addressing unsafe buildings with the Chief Minister.
Building owners are responsible for the maintenance of their properties. Regular maintenance can prevent collapses and ensure public safety. However, there are legal and procedural complexities involved in taking action against unsafe buildings.
PhillipCapital predicts a sharp rally in equities if BJP wins 325+ seats
Navi Mumbai police found real estate agent Sumit Jain's body near Pen, Raigad, but are still searching for Amir Khaanzada, NCP leader, who was with Jain.
Allowing builders to claim input tax credit (ITC) could lead to lower property prices and alleviate the financial crunch in the real estate sector.
JM Financial, a leading financial services firm, has released its insights based on exit polls from the recent Maharashtra elections. The analysis, which averages data from nine polling agencies, suggests a potential majority for the incumbent Maha Vikas
Bhubaneswar: The Enforcement Directorate (ED) conducted extensive raids on the offices and residences of 'Z' Estates directors in Odisha. The company's Managing Director, Tapan Mohanty, has since issued a statement to clarify the situation.
Godrej Properties Ltd (GPL) is set to raise Rs 6000 crore through a Qualified Institutional Placement (QIP). The move is aimed at strengthening their financial position and accelerating their real estate projects. As of Friday, GPL's shares closed at Rs 2