Tuesday, March 18, 2008

Investor Unaffected of Goa Real Estate Controversy

NGOs or some residents may be opposing real estate development in Goa, but the fact is that their protest has hardly made any impact on the investor sentiment, developers building properties in Goa say. The argument that commercial development will affect Goa's ethnic culture does not hold water.

You see other beach-capitals of the world like Mauritius, Seychelles, Bahamas and so on and you will find a hell lot of commercial development there. In my view, it is some groups that have vested interests in it, a developer said, adding that "there are a number of properties that were occupied by people after the Portugal handed over Goa to Indian government and those people may now be concerned while the property markets get organised in the state."

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