7,800sqm declared investment promotion area at Majorda

Panaji: The Goa Investment Promotion Board moved to declare a 7,800sqm privately-owned parcel at Majorda in Salcete taluka as an investment promotion area to facilitate an expansion project proposed by JMJ Beach Resorts, according to a notification published on Thursday. The land corresponds to Survey No. 67/2.The notification followed an application submitted to the Goa Investment Promotion and Facilitation Board on Feb 27, 2024, seeking expansion of 60 room keys at an existing resort. The Goa IPB granted in-principle approval and recommended that govt declare the specified area an investment promotion area under Section 42(1) of the Goa Investment Promotion and Facilitation of Single Window Clearance Act, 2021.The directorate of industries, trade and commerce reported that no objections were received within the stipulated one month period.Under the notification, the board CEO was appointed to assess and recover house tax and other dues in the area, with collections to be deposited under specified budget heads. Provisions of state laws relating to local authorities’ building control and tax collection ceased to apply in the notified area, and affected panchayats are to be compensated for five years based on the previous year’s collections. The Goa IPB’s planning, development and construction committee was authorised to exercise building control powers.