Friday, 18 August 2017

Goa's new airport to be commissioned by May 2020: Manohar Parrikar

Parrikar said the process of meeting pre-construction requirements was in progress and the actual construction work of the Mopa Greenfield airport

PANAJI: The first phase of Goa's upcoming Mopa international airport will be operational by May 2020, Chief Minister Manohar Parrikar told the state assembly on Tuesday.

"GMR Goa International Airport Limited (GGIAL) has already started pre-construction work and, as per concession agreement, the first phase of the project is likely to be commissioned by May 2020," Parrikar said in a written reply tabled on Tuesday, during the ongoing monsoon session of the state assembly.

Parrikar said the process of meeting pre-construction requirements was in progress and the actual construction work of the Mopa Greenfield airport, located nearly 40 km north of Panaji, was expected to begin shortly.

"Mopa airport project is expected to create multiplier effect in the economy generating employment across various sectors," he said.

The Chief Minister said the existing Dabolim international airport in South Goa, which operates out of an Indian Navy base, will continue to be operational for civilian purposes.

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Source: ET Realty

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Wednesday, 16 August 2017

Much more than sun and sand! Explore Goa's culinary delights

Unique flavours and use of local vegetables, fruits and fish is what defines Goan Saraswat cuisine. Earthenware, clay pots, slow cooking and home-ground fresh masalas with the right ingredients is the key to a perfect recipe.

Some traditional non-vegetarian recipes include kismoor, which is a popular coconut and prawn preparation, fish hooman, sukké, which is usually a side dish of vegetable or seafood and coconut masala, just to list a few.The vegetarian fare created in traditional Goan Saraswat style with fresh backyard vegetables and fruits blended with age-old spice mixtures includes khatkhatem, a blend of vegetables and lentils sautéed in coconut and flavoured with teffal.

Goa’s best kept secret, uddamethi is another delicacy to try out. Ambades (hog plums) and fenugreek seeds give this thick gravy a piquant taste that will tantalise the taste-buds. The subtle spicy flavours of moogancho gathi is balanced quite well with the sweetness of jaggery, enjoy it with soft puris, and not to forget the local popular, tambdi bhaji. Also, try varan, a non-spicy dal, accompanied with steamed rice. The classic salad of greens tossed in traditional masala, karam, and the tangy mango chutney adds zing to the well-balanced flavours. For dessert, try some traditional sweets like manggannem, creamy banana halwa and the patoleo with the subtle flavour of turmeric leaves. Finally, wash it down with a sol kadi, which is a typical Goan curry made of coconut milk and kokum.

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Source: Economic Times

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Friday, 11 August 2017

Second homes, your first choice?

Does buying a second home seem like an ambitious idea? Fret not, as we tell you how you could make the most of a weekend home. Read on...

Buying a home in a city such as Mumbai can prove to be a herculean task. Imagine you shelling out more money to buy one more home? Wouldn't it give you sleepless nights? We tell you why it's not such a bad idea. The concept of second homes has been gaining immense popularity among Mumbaikars seeking a peaceful abode, away from the noisy city life, to relax and unwind them.

"Different people have different reasons for buying a second home. While some may buy one to spend vacations with family, others may simply buy it to reap investment benefits in the future. One may not be able to always travel too far away from one's workplace for a vacation, due to time constraints. In such scenarios, a home close to your workplace or original place of residence turns up well as a probable solution. In case of investors too, it is quite simple to understand their reasons for investing in a second home. While some investors are simply looking for avenues to tie up their money, others are looking for investments, which will fetch them high and steady returns and it is no hidden fact that the real estate sector has been, for the last two decades, the best bet when it comes to good investments," feels Vi jay B Pawar, Founder and Director, Mirador Dwellers Pvt Ltd.

Why second homes?

Experts believe that Mumbai's real estate segment has witnessed a spree of changes in the last two decades. Mumbai, unfortunately hasn't turned out the way it was envisioned to, when the city was being planned decades ago.

Due to this, even though people own homes in the city, they are still on the lookout for second homes for a relaxing getaway away from the hustle and bustle. Anuj Puri, Founder, Anarock Property Consultants points out, "The primary objective for most Mumbaikars is to secure a self-owned home, which is in itself, a massive financial undertaking. For those fortunate enough to be able to afford a second home after this objective is fulfiled, it can be seen as a major income-generating asset, a source of financial security and if the second home is a weekend getaway, a significant lifestyle enhancement."

Location hunt:

A family looking for a short vacation or a young couple looking to blow off some steam after a hectic week at work, find their solace within the confines of their second home. There also exist those people who like to see a handsome ROI on every single penny that they invest anywhere and for such people, real estate investment is always seemingly lucrative and inviting. These people have started to move away from investing in open land and are slowly moving towards buying ready-to move-in homes or plots, which allow them to build a second home of their choice and their convenience.

"As there is a lack of greenery in cities, buyers opt for Matheran, Mahableshwar as potential second home options. Closer to the city, you also have places such as Lonavala, Murud, Karjat, Dahanu and others, which can act as weekend spots. People who prefer beaches over the mountains have Kashid, Goa as options," suggests Rushabh Vora, co-founder and director, SILA. Experts suggest that for rental income and capital appreciation purposes, areas in Navi Mumbai, Thane and Panvel are suitable. Locations like Kanjur marg and Mulund also work well.

For weekend homes, the obvious choices include Lonavala and Khandala, Alibaug, Igatpuri and the greener outskirts of Pune. Goa is also suitable for those who are not averse to long road trips or flying.

"In the holiday home segment, we have recognised two types of buyers one that loves the dense greenery of mountains and hills and the other that loves the vast expanses of the riv er and fields. For the mountain and hill lovers, the ideal location could be the Nilgiris and the de sign of the home can be designed keeping the colonial Britain in mind, whereas, for those who are interested in waterfront homes, the design should be adaptable to the given environment and meet the local needs and lifestyle of the residents," opines Nibhrant Shah, founder and CEO, ISPRAVA.

The buyer needs to ensure that the location where he wishes to buy a second home is safe and most importantly, a peaceful abode.

This can be an exciting second home for you:
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Source: MagicBricks

Monday, 7 August 2017

‘Smart’ Panaji to focus on transport

PANAJI: Goa's urgent need for an efficient transport system could become a reality with the Panaji Smart City mission taking up the task to prepare and implement the comprehensive mobility plan for the state.
With the Union urban development ministry's approval, Imagine Panaji Smart City Development Limited will study Goa's virtually non-existent transport system and prepare a comprehensive mobility plan.
According to documents assessed by STOI, Imagine Panaji Smart City Development Limited, the special purpose vehicle (SPV) formed under the smart city mission, will appoint a consultant to draw up an urban mobility plan that includes inland waterway transport, freight movement, last mile connectivity to railway stations and hybrid buses.
As part of the proposal, the consultant will have to study and review both, present and projected mobility needs through a traffic forecasting model and through a review of land use pattern and population density.
"The objective is to develop a perspective low-carbon mobility plan for sustainable regional transport over a 20-year planning horizon for the North Goa district and South Goa district," an official said.
A request for proposal was issued to 23 reputed urban design consulting agencies on July 24, with the Union urban development ministry giving its approval to bear 80% of the costs for the consultancy.
"The balance 20% will have to be borne by the state. The comprehensive mobility proposal will be based on the national urban transport policy," a senior government official said.
According to the official, the comprehensive mobility plan will provide direction for development of transport infrastructure in the state. Imagine Panaji Smart City Development Limited is keen on including measures such as public transportation system improvement plan at the regional and local level. The proposal also focuses on inland water and sea transport for passengers and freight movement.

"This is a study and strategy document which will define where we are going and how the comprehensive transportation proposal will be implemented in Goa. The regional plan will also be considered while the report is being prepared," mentor for the Panaji smart city mission, Sidharth Kuncalienker said.
The selection of the consultant to prepare the comprehensive mobility plan will be done through quality and cost based selection bidding.
Presenting the budget for the current fiscal year in March, chief minister Manohar Parrikar had said that his government would formulate and implement a comprehensive mobility plan for extensive connectivity across the state.
Some of the other aspects that the comprehensive mobility plan will address are traffic management, parking facilities and accessibility improvement of major tourist places.

Source: Times of india

Thursday, 3 August 2017

Navi Mumbai is emerging as a very attractive commercial office destination.

The report said that while Axis and IDFC have expanded considerably in this satellite city, SBI – that has its global delivery centre in CBD Belapur – is also likely to follow.

MUMBAI: Navi Mumbai has the most affordable average rent among all micro-markets of Mumbai with a growing footprint of grade- A buildings, according to JLL India.

"Over the last 12-15 months, banks have either set up offices in this region or expanded their existing captive footprint. Whether it is Axis Bank, IDFC or a multinational bank like UBS, increasingly prefer to base their back-end operations here," it said.

Navi Mumbai is emerging as a hub for captive services too. Captive service represents a segment of Business Process Outsourcing (BPO) in which companies utilize wholly-owned subsidiaries in place of 3rd part vendors.

"Thanks to the availability of land parcels, good connectivity by road and rail to all areas within the Mumbai metropolitan region and access to a human capital of 8-9 million in its proximity, it will emerge as one of India’s most prominent captive hubs for the BFSI sector," said Karan Singh Sodi – Managing Director (Mumbai), JLL India.

The report said that while Axis and IDFC have expanded considerably in this satellite city, SBI – that has its global delivery centre in CBD Belapur – is also likely to follow.

Over the last seven years, prominent occupiers such as Accenture, L&T Infotech, Capgemini (iGate), Cognizant and Syntel have made Navi Mumbai a back office hub. Many more businesses are expected to set up their back-end operations in captive spaces here. The preference is especially for the Airoli-CBD Belapur belt, which enjoys better rail and road connectivity.

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Source:ET Realty

Thursday, 27 July 2017

New Mandovi Bridge by May ‘18 Zuari bridge by ‘19

PORVORIM: The State government on Wednesday informed the Legislative Assembly that the third bridge over River Mandovi would be completed by May 2018, while the cable-stayed bridge over River Zuari is likely to be completed by November 2019.

PORVORIM: The State government on Wednesday informed the Legislative Assembly that the third bridge over River Mandovi would be completed by May 2018, while the cable-stayed bridge over River Zuari is likely to be completed by November 2019.

In a reply tabled on the Floor of the House, PWD Minister Ramakirshna (Sudin) Dhavalikar stated that the third Mandovi bridge was likely to be completed by May 31, 2018.
The eight-lane cable stayed bridge over River Zuari is expected to be ready by November 29, 2019, the Minister said. Dhavalikar said that till date only two per cent of the work of the Zuari Bridge had been completed. The bridge will be constructed at an estimated cost of Rs 1403 crore.
“The funds have already been received from the Central government,” the Minister said. “But, as per rule funds are never transferred to the State government. All the sanctioned funds remains with the Ministry of Road, Transport and Highways, Government of India and bills paid from time to time by the Regional Officer,” he clarified.

Dhavalikar was replying to two separate questions on the status of the bridges over River Mandovi and River Zuari. The questions were tabled by Leader of the Opposition Chandrakant Kavlekar and Congress MLA Pratapsingh Rane. 


Source: Herald, Goa