Porvorim Land
Location India
Asking Price Range $2.5M - $5.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1978
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Wants to reinvest.
Description NORTH GOA, (PORVORIM) This 8,200 sq. mts vacant piece of land is just a five minutes drive from Panjim across the Mandovi River bridge and situated diagonally opposite the New Legislative Assembly building on the National Highway No 17 leading to Mapusa and Mumbai. The Porvorim area due to its close proximity to Panjim is considered to be the prime most are in terms of commercial activity only next to Panjim. The present Selling price for commercial space on the ground and mezzanine floor in this location is more than Rupees 1,50,000 (One lakh fifty thousand) per Sq.mts.
This land is fully converted (settlement zone) and falls under the C2 category of the Zoning Regulations And Use Provisions under the Goa Planning And Development Authority (Development Plan) Regulations 2000, thus eligible for an commercial FAR (Floor Area Ratio) of 1.5 % a maximum ground plinth coverage of 40 % and permissible height of 16 mts (Ground + 4 floors ). The road frontage to this property is 80 mts. This property is ideal for a business hotel, Service Apartments, Multiplex or even a Mall. The price tag on this property is rupees 15,000 (Fifteen thousand) per sq. mts. Contact for more information on this Land for sale.
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