Glossary

Defining key terms relevant to real estate, infrastructure, and economic indicators within Sindhudurg.

Adali Pharma Hub: A proposed industrial zone by MIDC in Sindhudurg dedicated to attracting non-polluting pharmaceutical formulation units, machinery manufacturing, and allied industries.
BOOT (Build-Own-Operate-Transfer): A project delivery method where a private entity receives a concession from a public entity to finance, design, construct, own, and operate a facility for a specified period, after which ownership is transferred to the public entity.
CAGR (Compound Annual Growth Rate): A metric used to calculate the average annual growth rate of an investment over a specified period longer than one year.
Carrying Capacity: In the context of tourism, the maximum number of people that may visit a tourist destination at the same time, without causing destruction of the physical, economic, socio-cultural environment and an unacceptable decrease in the quality of visitors’ satisfaction.
CRZ (Coastal Regulation Zone): An area along India’s coastline subject to specific regulations restricting industrial, residential, and other activities to protect the coastal ecosystem.
CZMP (Coastal Zone Management Plan): A plan developed by coastal states/UTs delineating different CRZ categories and specifying permissible activities in each zone, based on the CRZ Notification.
DBFOT (Design-Build-Finance-Operate-Transfer): A project delivery method similar to BOOT, where a private entity designs, builds, finances, operates, and then transfers a facility to the public entity after a concession period.
DILRMP (Digital India Land Records Modernization Programme): A central government initiative aimed at digitizing and modernizing land records across India to improve transparency and efficiency.
ESA (Eco-Sensitive Area): Areas notified around National Parks and Wildlife Sanctuaries, or within the Western Ghats, where certain activities are regulated or prohibited to protect the environment.
ETP (Effluent Treatment Plant): A facility used to purify industrial wastewater before it is discharged into the environment.
FSI (Floor Space Index): The ratio of the total covered area (built-up area) of all floors of a building to the plot area. It dictates how much construction is permissible on a given plot.
GDDP (Gross District Domestic Product): The total monetary value of all final goods and services produced within the geographical boundaries of a district during a specific period.
GDVA (Gross District Value Added): The contribution of individual economic sectors (agriculture, industry, services) to the GDDP.
HTL (High Tide Line): The line on the land up to which the highest high tide reaches, used as a reference point for CRZ regulations.
INS Guldar Artificial Reef: A project involving the sinking of a decommissioned Indian Navy warship near Nivati Rocks to create an artificial reef and promote scuba diving tourism.
Jivant 7/12: A Maharashtra government campaign aimed at updating and rectifying errors in land records (“7/12 extract” is a key land record document).
KHADB (Konkan Housing and Area Development Board): A regional unit of MHADA responsible for housing schemes and infrastructure development in the Konkan region, including Sindhudurg.
Konkan Expressway (Mumbai-Goa Coastal Highway): A new access-controlled highway significantly reducing travel time between Mumbai and Goa, traversing through Sindhudurg.
MCZMA (Maharashtra Coastal Zone Management Authority): The state-level authority responsible for implementing CRZ regulations and approving coastal development projects in Maharashtra.
MHADA (Maharashtra Housing and Area Development Authority): A state government body responsible for housing and area development projects in Maharashtra.
MIDC (Maharashtra Industrial Development Corporation): A state government corporation responsible for developing industrial infrastructure in Maharashtra.
MMS (Malvan Marine Sanctuary): A protected marine area off the coast of Malvan known for its biodiversity.
MOPA Airport (Manohar International Airport): An international airport located in Pernem, North Goa, in close proximity to southern parts of Sindhudurg.
MSME (Micro, Small, and Medium Enterprises): Small and medium-sized businesses considered vital for economic growth and employment generation.
MSME-Technology Centre: A proposed center in Sindhudurg aimed at supporting local MSMEs through advanced training and fostering growth, particularly in general engineering and food processing.
MTDC (Maharashtra Tourism Development Corporation): A state government corporation responsible for promoting and developing tourism in Maharashtra.
NABARD (National Bank for Agriculture and Rural Development): An apex development financial institution focused on agriculture and rural development in India.
NDDP (Net District Domestic Product): GDDP minus the consumption of fixed capital (depreciation).
NH-66 (National Highway 66): A major National Highway passing through Sindhudurg, providing north-south connectivity.
NRI (Non-Resident Indian): An Indian citizen who lives outside India.
ODOP (One District One Product): A government initiative promoting a specific product identified as having high potential for a particular district; ‘Processed Cashew’ is the ODOP for Sindhudurg.
PLP (Potential Linked Credit Plan): A plan prepared by NABARD assessing the credit potential for various sectors in a district.
PMEGP (Prime Minister’s Employment Generation Programme): A government scheme providing financial assistance for establishing micro-enterprises.
PPP (Public-Private Partnership): A collaborative arrangement between a public body and a private entity for the financing, construction, and/or operation of a project.
RERA (Real Estate (Regulation and Development) Act): A regulatory framework in India aimed at bringing transparency and accountability to the real estate sector.
Ro-Ro (Roll-on/Roll-off): A type of ferry service designed to carry wheeled cargo such as cars, trucks, and trailers.
ROI (Return on Investment): A metric used to evaluate the profitability of an investment.
Sagarmala Project: A national initiative by the Government of India aimed at port-led development through modernization of ports, improving connectivity, and fostering coastal economic activity.
SEZ (Special Economic Zone): A geographical region that has economic laws more liberal than a country’s typical economic laws, often intended to promote trade, investment, and employment.
Sindhudurg Airport (Chipi Airport): A domestic airport operational in Sindhudurg district, aimed at boosting tourism and local connectivity.
STP (Sewage Treatment Plant): A facility for removing contaminants from wastewater and household sewage.
Swadesh Darshan: A central government scheme for the integrated development of theme-based tourist circuits; Swadesh Darshan 2.0 is an enhanced version with a focus on destination development.
Tehsil: An administrative division in India, also known as a taluka. Sindhudurg district is divided into several tehsils like Malvan, Kudal, Devgad, Kankavli, Sawantwadi, Vengurla, Oros, and Dodamarg.
Workcation: A trend combining work and vacation, where individuals work remotely from a holiday destination.