Replacing mining with Real estate in Curchorem and Sanvordem
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After the tourism it is again the real estate in Goan cities like Curchorem and Sanvordem which are in full fledge action in recent years. These two cities are mainly known for the mining industry and lot of unemployed had made their mark with the mining transaction that went to the black money list. According to the sources of www.propertykhazana.com – the situation has now changed from the mining sector to the real estate construction with a tremendous speed. There is no specific reason for this transformation but pleasing on the points of pollution, transportation chaos and other circumstances has made the cities to develop more infrastructures around its area. And also looking to the growth of all India rise to its valuation the new trend was made to invest in the real estate of that region.
Funding is no more a big issue in this area since the mining supported many investors with their black money. According to the sources of www.propertykhazana.com it was been noticed that there was much hike in the property value in these area instead of the mining culture which was calculated just four times where as the worth of the land was estimated around 500 % hike in last 7 – 8 years. It was also marked that a central commercial space in Curchorem was available in Rs 8000 per sq mtr in 2004 and now after the seven years of term it has rose up to Rs 45000 per sq m that too in a pre constructional mode.
As per the sources of www.propertykhazana.com it also reveals that these locations were previously acquired by the new rich segment mainly to put a white cover to the black money generated during the mining era. The very next area which is under fast growth of real estate revenue is the Mopa. A future mega project in this area is making its valuation raise 10 times more then the earlier market value.
Source: NIMMA BENGALURU
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