Now, a Giga Projects in Goa

June 16, 2008	(Be the first to rate this story!)  Loading ...
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Already besieged with the issue of land availability, Goa could have more trouble on its plate as an Israeli real estate outfit has plans to build luxury apartments at three different picturesque locations, including Dona Paula.

Israeli news agency, Globes Online, was quoted as saying that Yaakov Engel of EngelInvest, along with another partner Hezi Hermoni, has purchased land for building three residential projects in the State.

Quoting its sources, Globes adds that the projects would be carried out through Engel’s privately held real estate developer EngelInvest Group. The two partners will invest $500 million in the building of 2,030 apartments, it quotes its sources further.

The report States, “The first and largest of the three projects is a 1,600-apartment complex in the Cortalim region overlooking the banks of Zuari river. The second project is a 160-unit complex in Panjim. And the third and most luxurious of the three projects is a 270-apartment complex in the up-market region of Dona Paula, considered the most luxurious region in Goa because of the breathtaking view from the sea front. The apartments in this project will reportedly sell at a price of $5,000 (Rs 2.11 lakh) per square meter.”

News Published Under:   Real Estate India |

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