Real estate developers upset over move on conversion sanads

Navhind Times | 6 days ago | 14-05-2022 | 02:04 am

Real estate developers upset over move on conversion sanads

Staff ReporterPanajiThe real estate developers in the state are upset by a move from the revenue minister’s office to refer, all files pertaining to conversion sanads for land above 1,000 square metres, to the revenue department for approval.A note issued by the revenue minister recently has asked the government to issue instructions to the North and South Goa Collectors respectively on the same.“In the meantime all the files with regard to conversion of land above 1,000 sq. mtrs are to be placed in abeyance,” says the note.The Confederation of Real Estate Developers Association of India (CREDAI- Goa) president, Nilesh Salkar, on Friday, said, “We are given to understand that a note is being moved to refer conversion sanad files, of land admeasuring above 1,000 square metres, to the government for approval. If this is true, then it will definitely undo all the positive sentiments that are present amongst the stakeholders. We urge the Chief Minister to study the matter and take a pragmatic decision which will keep the confidence of the sector high.”Salkar said that the developer’s body would meet the Chief Minister shortly asking for the proposal from the revenue department to be dropped.“We hope that the note is rescinded and the present system continues,” said Salkar. He explained that conversion sanad files are cleared at the Collector’s level in the state.“While the TCP department is moving forward by easing the approval process for builders, the revenue department is pulling the other way,” remarked Salkar.Towards ease of doing business for the local real estate industry, the government had recently launched online approval system for projects up to 5,000 square metres.COVID-19 has badly hit the housing and construction industry in the state. Further the industry is also adversely affected by the steep increase in raw material prices and labour shortages.In Goa with most of the land agricultural, if builders want to construct on it they need to convert it by obtaining a conversion sanad.A survey carried out by CREDAI has revealed that 74% of builders seek ease of doing business from the government for revival of the industry.The state presently has 873 ongoing real estate housing projects in various stages of completion.

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