Goa Affordable Housing

The Goa government, led by Chief Minister Pramod Sawant, is set to introduce an affordable housing policy through the Goa Housing Board, as announced in the revenue surplus Budget 2025-26.

This policy aims to address real estate and housing concerns by developing affordable housing options for Goans. The budget also includes tax incentives for tourism entrepreneurs establishing starred hotels in rural areas and full SGST reimbursement for the first five years for industries investing over ₹5,000 crore.

A Town and Country Planning (TCP) steering committee will be formed to approve mega residential and commercial projects. The government has allocated ₹5 crore for slum redevelopment and introduced an amnesty scheme for property transfers without penalties. Additionally, the Goa Rehabilitation Board and Goa Housing Board are encouraging public-private partnerships for development and redevelopment projects, with North Goa showing promising returns on real estate investments, increasing annually by 15% to 30%.