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Friday, April 26, 2013

NRIs trigger real estate rush in Goa



Panaji:  NRIs, fearing land grab by mafias, are indiscriminately selling their ancestral land in Goa at throw away price, which has triggered real estate rush in this tiny state.

According to Chief Minister Manohar Parrikar, a lot of land owned by the expatriates was encroached or fraudulently sold by politicians and conmen, which had forced these NRIs to sell off their ancestral properties, instead of managing them. 

Parrikar was speaking at a function in the state secretariat to launch the official website of the Goa government's Non-Resident Indian (NRI) Commission.

"Perhaps we can keep off the rush of big builders," Parrikar said, suggesting that the website for NRIs should also contain links to the Goa government's revenue department interactive portal, which offers GPS enabled images as well as property details at the click of a button.

"At least they can keep track of their properties that way and make sure there are no forged entries or encroachment," Parrikar said.

With land resources scarce, real estate in Goa is sold at a premium and instances of properties being illegally occupied by anti-social elements with political clout are not rare, a PTI report said.

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