Team Goemkarponn
Panaji: In a key development, the Goa government has notified approximately 31,280 square metres of land at Reis Magos in Bardez as an Investment Promotion Area (IPA) to facilitate the development of luxury resorts.
The move, aimed at promoting high-end tourism infrastructure, comes following a proposal by M/s Spark Healthline Pvt Ltd. The project entails the construction of five-star and four-star resorts, complete with hotel buildings, multi-level car parking structures, landscaping, and an approach road.
The notified area falls under Survey No. 95/1-A (part) of Reis Magos village. The Investment Promotion and Facilitation Board (IPB) had earlier granted in-principle approval for the project and had recommended notifying the area as an IPA.
Following a period of public consultation, the Directorate of Industries issued the official notification on Thursday. According to the notification, objections raised during the feedback period were classified as “insufficient” and “invalid.”
Under the Goa Investment Promotion and Facilitation of Single Window Clearance Act, 2021, local authority laws related to building control, taxation, and other regulations will not apply in the declared area. To offset potential revenue loss, the state government will compensate local bodies—such as municipal councils or village panchayats—for house tax and other fees over a five-year period, based on collections from the last financial year.
