Home Politics Govt notifies significant raise in min land prices in Tiswadi, Mormugao, and...

Govt notifies significant raise in min land prices in Tiswadi, Mormugao, and Salcete

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Digital Goa, Nov 1- Goa govt has notified increase in the minimum land price in Tiswadi, Mormugao, and Salcete talukas. In Tiswadi, the minimum price is between Rs 5000 per sqm and Rs 25,000 per sqm (old rate range was from Rs 600 to Rs 6000). In Salcete, the price varies between Rs 5,000 to Rs 20,000 (old rate range was from Rs 480 to Rs 10,906), and in Mormugao, the price is between Rs 8000 to Rs 25,000 per sqm(old rate range was from Rs 420 to Rs 4200)
“For an area upto 500 sq. m. in zone S1 to S4, the said base rate will be reduced by 30%,” states the notification.
In September this year govt had hiked the prices in Pernem and Bardez by nearly 130%.