A shaky economy may be putting the jitters in India’s housing market, but a residential developer has nonetheless announced plans for a golf community in Goa.
Zuari Infraworld India, the real estate arm of Adventz Industries, Ltd., owns three properties totaling 517 acres in the state made famous by wandering hippies in the 1960s. The company hasn’t specified the location of its properties, but it told the Times of India that it intends to build houses, a convention center, a “hospitality project” and a golf course.
Zuari Infraworld is currently developing houses in suburban Mysore, Karnataka, and next year it aims to break ground on houses outside Delhi. Its parent company is said to own 5,000 acres of developable property.
