An ambience of a resort, refreshing landscaping, inspiring architecture, in a land where time slows down for you to enjoy the good life!

Gera’s Astoria is a premium project consisting of 2 and 3 bedroom apartments in Caranzalem, which is only minutes away from Panjim, the capital of Goa. The T shaped complex consists of resort styled residences, offer a panoramic sea view.

With your vacation home done in the resort style, whether you invite friends and family to join you or use your home without you, your stock is certain to rise amongst friends, family and colleagues. Even if you decide to rent your home from an investment perspective, the fact that you have a Resort Style Residence at Goa is certain to stir up a wow.

the resort style touch outside your home

* Landscaped gardens
* Lit swimming pool with swim up bar
* Jacuzzi
* Landscaped roof top with walking path
* Club house with party hall
* Cardio gymnasium
* Children's activity centre
* Barbeque area



* Grand entrance gate
* Hotel style lobby
* Piped music
* All floors with lobbies
* Concierge room
* Service elevator
* Outdoor solar lighting

Goa government has recently stated that no lands within the industrial estates owned by Goa Industrial Development Corporation (GIDC) should be allotted or leased for establishing special economic zones (SEZs). In a written reply tabled on the floor of the house, chief minister Digamber Kamat said that if any land has been leased, the lease should be immediately revoked or cancelled. The state-government run GIDC had earlier issued show cause notice to revoke lands to seven SEZ promoters, which were later revoked forcing the state developers to approach the High Court.The GIDC has issued notices to meditab specialities (pharma), Peninsula Pharma Research Centre Private Limited (Bio-tech), K Raheja Corp Pvt Ltd (service), Paradigm Logistics and distribution pvt ltd (IT), Inox Mercantile co. pvt ltd (Bio-tech), Planetview Mercantile Co Pvt Ltd (Gem and Jewelry) and Maxgrow Finlease Pvt Ltd (IT). The chief minister stated that the six companies have already moved to the high court challenging the show cause notice. The court has granted status quo to the petitioners.

With the Goa state government ‘banning foreigners from buying properties in the state’, local builders have fine tuned their strategies and are promoting five-year leases among tourists. There are no official figures to prove the trend, but lawyers and builders agree that this is definitely increasing, with several builders from the state organizing road shows and exhibitions in UK to attract customers to Goa. But something needs to be done as houses are being leased to foreigners at a huge price, making it difficult for Goans to invest in homes. Purchasing of property by foreigners has come to a standstill and it’s difficult to execute any deed of sale as the procedure is no longer simple, thus forcing them to seek options like lease, if they intend to stay for long periods in the state. Non-residents require permission from Reserve Bank of India to purchase a house or property in Goa. “But if the foreigner stays 182 days in India and shows the intention to reside for indefinite period, then they are considered a resident of India and they don’t require RBI permission to acquire property in India. The risks for the foreigner are high, as there is a possibility of being cheated and some do complain of fraud. In case a foreigner pays a high amount of security deposit then the safety of that deposit is at a high risk as the foreigner doesn’t have any legal sanction to occupy the house for more than five years.

When we hear someone talking about “Goa” the images of beaches, lush forested hills, shiny sand, swaying coconut tress, and charming faces start evolving before our eyes. Also known as India’s smallest state, Goa is a tiny land located on the west coast of India. It is a boom time for property market in Goa with more and more investors ready to park big money here as they are confident to get lucrative yields in long term. Despite all the controversies and protests by non governmental organizations, the investor-sentiment in Goa remains up and positive. Real estate developers say that investors, who have inclination towards Goa, are all the way excited about properties in Goa and wish to grab the one for them, at the earliest. One of the property projects in Goa that is seen as one of the most potential investment options is “Coastal Paradise”. Spread across 11275 sq. mt of land, "Coastal Paradise" is residential complex which is in proximity to three most famous beaches of south Goa named Benaulim, Colva, and Sernabatim as well as to Margao city. The project offers Studio & 1 - 2 BHK Apartments as well as 3 BHK row villas scheduled for completion by December 2009. The project includes a swimming pool, landscaped gardens to give the residents a luxurious feeling, adequate front and backyard space ideal for parking or delving in a fit of landscaping all meant to provide you the luxurious living with nature.

Those foreign nationals who are eyeing the booming property market in Goa should better do a reality check. Against the backdrop of cases of foreign land mafia and drug cartels buying real estate in Goa, the state government on, March 14^th 2008, banned foreigners from purchasing properties.

The government would make a serious attempt to incorporate the changes in Section 22 of the The Registration Act, 1908 during the budget session beginning March 24. Post-amendment, sub-registrars will be vested with the authority to scrutinize the credentials of the buyer and also the source of his/her money. All documents submitted by a foreigner will also be vetted by the Goa police and the home department. If found questionable, the sub-registrar concerned will have the powers to revoke such a sale deed. Earlier, there were no proper powers (given) to the registration authorities in Goa to checks whether the Reserve Bank of India had cleared a deal. Four other states, including West Bengal and Jharkhand, have already amended the Act.

With the state government unearthing 400-odd cases of sale of agricultural property to foreigners, the sale of land to the foreigners had become a contentious issue in Goa. The Goa government had constituted a committee a few months back, which studied all the proposals threadbare and referred 298 cases to the Union Enforcement Directorate for further action.

A sub-registrar can also deny the sale of commercial land to foreigners, if their ‘business plan’ is not found to be satisfactory. With this, the government hopes to curb drug trafficking mainly patronised by many foreigners here, who operate out of their ‘holiday homes’ and ‘shacks’ along the beaches across the state.

At present, sale of property to foreign nationals is permitted under the Foreign exchange Act (Fema) after a foreign national has spent more than 182 days in India in the preceding financial year. Land can be purchased for commercial purposes like setting up an industry or running a hotel. “Even if the foreigners enter into the partnership with an Indian and wants to buy property, RBI clearance is mandatory”.

Most of us wish to own a home by the sea, where both Indian and International tourists enjoy the laid back lifestyle all the year round. Goa real estate has proved to be a hot cake amongst NRI’s - property prices in Goa have skyrocketed, new projects are being developed by big Real Estate builders like DLF , Parsvnath.The Goa property market is changing leaps and bounds and has indeed come of age. Panjim, Mapusa and Calangute Beach have emerged as leading real estate hotspots in Goa. Villas, row houses, lifestyle apartments and shopping arcades are mushrooming all across.

Just at a few minutes drive from the world renowned Calangute, Baga and Candolim Beaches, a new project from White Square Nirvana has come up