Sistema, a Russian conglomerate, plans to invest up to $200 million in Indian commercial real estate and hospitality projects by year-end, focusing on office spaces and hotels in major metros.
The Goa government has raised stamp duty on properties and infrastructure tax, impacting beach-side home buyers, as part of the 2008-09 budget.
Amidst declining home sales, Indian real estate developers are shifting focus to the luxury housing segment, targeting NRIs and high net-worth individuals.
ASSOCHAM urges Goa to create three SEZs in strategic sectors to boost investments and job creation for the youth.
The "Exclusive Goa Property Show" in Delhi sparked controversy after designer Wendell Rodricks declined to open it, voicing concerns about overdevelopment and the selling of Goan land by outside developers.