Many buildings in Panaji might be in need of redevelopment as these structures may not be in very good condition, especially as most of them are 50 years or older and thus in need of redevelopment. However, considering that several matters as regards reconstruction of the same have to be addressed, it is essential that a master plan be devised so that the residents of these structures that are due for redevelopment are given the best deal and thus a smooth and fair and equitable frame work can be planned keeping in view the interests of the residents. It may be also stressed that considering that Panaji is a city that has most roads fairly narrow and thus that could become the target of excessive traffic congestion, that undue pressure on the traffic should not occur as an after effect of redevelopment of buildings which will result in the increase of the carrying capacity of the population in the city. A fair and equitable agreement by the residents and the real estate companies has to be reached. Panaji is the capital city and mostly being a commercial hub, the real estate companies stand to benefit from business generated from that portion of the constructed new building that will be able to accrue lucrative offers after settling the residents of new buildings.
