Goa Builds Futures: Affordable Housing at the Heart of New Budget

The Goa government has unveiled its Budget 2025-26, focusing on affordable housing, economic growth, and infrastructural development. Chief Minister Pramod Sawant, while presenting the Revenue Surplus Budget on 26 March, 2025  emphasised the creation of a comprehensive housing policy through the Goa Housing Board to ensure affordable homes for Goans. This initiative aims to tackle the state’s real estate and housing concerns.

As part of infrastructural advancements, projects worth Rs 423 crore under the Smart City Mission are expected to be completed this year. Panjim is set to receive Rs 135 crore under the Centre’s Cities 2.0 initiative, with three Smart Roads planned under the Smart City scheme. Smart illumination for the city and the development of New Mopa City under a Central scheme have also been proposed.

The restoration of Margao Municipal Council and the rejuvenation of major towns form part of the state’s urban renewal strategy. The tourism sector is poised for expansion with several innovative projects. These include the establishment of coworking spaces, cafes, an app aggregator for tourism services, a cruise terminal, a mini-convention centre, a new jetty terminal, a caravan park in Kerim and other locations, an oceanarium, and a drone park at Quitol.

These initiatives aim to boost tourism and enhance Goa’s appeal as a prime destination. With a strong focus on housing, infrastructure, and tourism, the Goa Budget 2025-26 lays the foundation for sustainable growth while addressing key concerns of its residents.

News by Rahul Yelligetti.