The Goa Investment Promotion and Facilitation Board has officially declared a 7,800-square-meter privately-owned parcel of land in Majorda, located in Salcete taluka, as an investment promotion area. This decision, published in a notification on Thursday, is aimed at facilitating an expansion project proposed by JMJ Beach Resorts. The land in question corresponds to Survey No. 67/2.
Application and Approval Process
The notification follows an application submitted to the Goa Investment Promotion and Facilitation Board on February 27, 2024, seeking approval for the expansion of an existing resort by adding 60 room keys. The board granted in-principle approval and subsequently recommended that the government declare the specified area as an investment promotion area under Section 42(1) of the Goa Investment Promotion and Facilitation of Single Window Clearance Act, 2021.
No Objections Received
The Directorate of Industries, Trade and Commerce reported that no objections were received within the stipulated one-month period, allowing the process to move forward without hindrance.
Implementation and Revenue Collection
Under the notification, the board's CEO has been appointed to assess and recover house tax and other dues in the designated area. All collections will be deposited under specified budget heads. Importantly, provisions of state laws relating to local authorities' building control and tax collection have ceased to apply in the notified area. To compensate for the loss of revenue, affected panchayats will receive compensation for five years, calculated based on the previous year's collections.
Building Control Authority
The Goa Investment Promotion Board's planning, development, and construction committee has been authorised to exercise building control powers in the area, ensuring streamlined oversight for the expansion project.
