Situated on the border of North Goa, away from the hassles of Goa land titles, with magical views of Terrakhol river, only 20 km's to MOPA, the new proposed airport in Goa, will be Gold in five years. Make no mistake 24 lakhs (BSP) can buy you 600 sq yard of land with river view. Unbeatable.
The Project - ‘RIVERDALE’ is being developed by ‘West Coast Landbase Pvt. Ltd.’ And ‘West Coast Landbase Construction Pvt. Ltd.’, Wherein land acquired by the companies is being offered for residential and commercial purposes after attaining all required Permissions and conversion of Land use to Non/agriculture. Purchasers can build their independent villa for their own stay or to lease it to hotels coming up within the complex.
Current Status-The project is proposed to be spread over an area of about 120 Acres, comprising of a Boutique Hotel, a small market, Independent Villas, Club House, Lake etc. to be developed in a planned manner.
The Land has abundant Natural Water Sources, and water for consumption is sourced from ‘Wells’ within the complex.
Out of Total 120 Acres Proposed, 85 acres of land has already been acquired and is duly registered in the name of the Company.
All the roads, electricity and water development work in Phase/Blocks A & B have been completed and is being carried on in recently launched Phase/Block-D. All required permissions from concerned authorities such as Gram Panchayat, MTDC, Town Planning Department, Forest Department, MSEB etc. have been obtained and development work is being done strictly as per guidelines given my respective authorities.
Location -The Project is located at the Banks of River ‘Terekhol’, situated North of GOA. It is in ‘Sindhudurg’ in (South) Maharashtra, which is a major thrust area of Maharashtra Tourism Development Corporation (MTDC) to promote Tourism industry. Major hotel chains are coming up in close proximity.
The nearest beach is Querim at a distance of 7 K.M. from the site. ‘Mapusa’ the first City of Goa is at a distance of about 20 KM. from the site. ‘Aroli’ & ‘Shroda’ white sand beaches are 8-10 KM away. ‘Fort Aguada’ and 'Panjim' are 40 Minutes drive from the site.
Connectivity-From the site NH-17A is at a distance of 6 K.M. going towards the sea and the nearest Town “Pernem” is mere 8 KM away. Existing Goa Airport ‘Dabolim’ is 1 Hour drive from site, The New International Airport coming up at ‘MOPA’ is at a distance of 21 KM. In addition, a domestic Airport at ‘Chippie’ is at a distance of 25-30 K.M which will be opened this year.
Other (Major) Projects in Vicinity-The ‘Taj Group’ is coming up with a 5 Star Hotel at ‘Aroli’ and the ‘Cidade Group’ has already built another 5 Star Hotel nearby which would open in the coming season. The ‘Four Seasons Group’ is coming up with a Golf Course on our side of the river where work has already started at a distance of 9 K.M. from the site.
The Offer-Non- Agricultural plots with Land use being converted to “Residential/Commercial” in sizes starting from 600 Yards are being offered for sale in a Gated Complex being developed under the name ‘RIVERDALE’. As per the permissions, construction is allowable for 3 Floors (i.e. Ground Floor, First Floor and Second Floor), each floor having allowable coverage of land upto 33%, So FAR can be stated to be as “1”.
Recommendation-The new International Airport at MOPA, which is at at just 25 minutes drive (21 KM ) from the site. The Development/construction work of the airport has already started, and I si stated to be fully functional by the Year 2019. It is bound to increase the land prices in the area and its vicinity. Land at Goa beaches is no longer available and any construction activity at the beach is not permissible. This site is actually in Maharashtra where there are no title deeds and succession issues as in the case of Goa itself where title deeds can be in Portuguese.
Investment in this project is recommended from a capital appreciation point of view being closer to the New International (GOA) Airport. The all concerned Government Authorities at Center and State level has given Approvals/Sanctions for the International Airport and Construction/development work has already started. The Construction/Development work is stated to be completed by year 2019. The Hon’ble Chief Minister of GOA has said that the MOPA will be ready to take passenger Load of 4.4 Million Passengers annually once gets operational in Year 2019.
