JV between landowner, developer mooted
the goan I network
PANAJI
The Government of Goa’s 1000-cr plans for development of River Chapora for eco-friendly tourism is going to be one of ‘co-development’ along with landowners and villagers, documents accessed by The Goan have revealed.
Consultants Master and Associates have proposed that if outright purchase of the land at market rates is not possible, the investors can enter into “a joint venture between the landowner and developer” where the owner can enter into an agreement with a developer to construct residential or commercial or tourism premises on the land, with the developer getting a right to sell the whole or a part of the premises with the owner getting a consideration either in the form of a payment either in lump sum or installments or getting a share in the property that is built or a combination of both.
The consultants have also suggested that the development can be based on the lines of the proposed Mapusa development where the landowner retains 30% of the physical land with 100% development rights and 70 of the land is handed over for tourism development for which a separate FAR is granted.
As reported by The Goan earlier, the Captain of Ports Department has proposed tourism projects all along the Chapora River on both the Bardez and Pernem banks worth ₹1,000 crore, even as they admit that the area in question is eco-sensitive.
More than co-development of the projects, the government plans to ‘involve’ locals through giving them especially the local fishermen the opportunity to operate local boats besides other opportunities.
