Indians buying property in Goa

rish · May 13th, 2008, 03:34

I am a Goan native, born and brought up in Mumbai and am looking out for buying some property in Goa. Looking for an old portuguese villa, with some orchard land as well. Will be willing to spend on refurbishing the place.

I went through plenty of sites and am wondering if this is the right time to buy , considering property prices are facing heavy correction in cities like Bombay and other places. Would it be prudent to wait for some more time or go ahead and make the purchase as soon as possible.

Of all the sites, I had a look at, the ones most impressive were -

http://www.homesgoa.com

http://www.goanrealtors.com

http://www.realtygoa.com/

Some questions for people who must have gone through this buying process -

1) Any feedback on homesgoa.com how reasonable are the prices they are quoting ?

2) Any resident India here invested in Acron India properties ?

3) The difference between orchard land and settlement zone land ? Is it not possible to build a residential premises even for one's personal use on an orchard land ?

4) Is there a price difference between orchard and settlement zone
rates ?

regards

Rishi

P.S - Is it possible to make a thread like this a sticky which can be great help for many of us, looking for holiday homes in Goa.

Mum2randa · May 14th, 2008, 16:39

Hi Rishi,

This NRI family are currently investing in property with Acron. We have found them to be very efficient and we`ve had no problems with them at all. Our property is scheduled for completion next April.

Regards

Jenny

rish · May 16th, 2008, 08:01

Thanks Jenny,

I am looking at Acron as well as they seem to be one of the best developers in Goa. Will be waiting for their 2BHK off plan offer before investing.

Another UK based site, I am looking at is http://www.goandream.com/

But was wondering, how properly priced are the properties on this site. Has anyone bought from them and can provide any feedback ?

Property rates in Goa seem to be zooming northwards even when FN's are not buying in this market.

Thanks in Advance.

GoanCanuck · May 16th, 2008, 11:44

Quote:

Originally Posted by rish

I am looking at Acron as well as they seem to be one of the best developers in Goa.

What made you come to this conclusion?

rish · May 16th, 2008, 13:47

I am looking at some Acron properties coming up for resale in some classifieds and using the developer's name seems to fetch a better price.

edwardseco · May 16th, 2008, 15:03

Quote:

What made you come to this conclusion?

Was wondering just that..

Mum2randa · May 16th, 2008, 15:59

Quote:

Originally Posted by GoanCanuck

What made you come to this conclusion?

Do you know something about Acron that I don`t? Please tell if you do.

Jenny

Mum2randa · May 16th, 2008, 16:06

We chose Acron for the quality of the apartments, the landscaping and layout of the sites that we visited prior to making a decision.
They have also been excellent in all our dealings with them, so far at any rate, we have had no problems.

Jenny

GxMx · May 27th, 2008, 00:31

the prices qouted on HomeGoa are over inflated i feel,

but then thats my view!

nikki · Sep 23rd, 2008, 18:17

Quote:

Originally Posted by rish

I am looking at some Acron properties coming up for resale in some classifieds and using the developer's name seems to fetch a better price.

Hi...We,ve got two flats from acron.would be happy to give you info...

Khak · Nov 7th, 2008, 02:11

news item in Times of India

India warns against foreigners buying land illegally

IndyBoy · Nov 7th, 2008, 04:55

Yes - I am also looking for NRI property to buy in GOA from mumbai. LOVE GOA Please tell me more

capt_mahajan · Nov 7th, 2008, 09:26

This is really an addendum to khak's link above- but a new article in the same paper.

Goa realty deals ring alarm

Quote:

The Union finance ministry on Thursday issued an advisory to all states and property registering authorities across the country
to scan the details of foreign nationals who have bought property anywhere in India.

The Centre’s advisory was necessitated following the Enforcement Directorate investigation in a number of cases in Goa where foreign nationals from many countries, having come to India on travel visas, allegedly bought property in violation of the Foreign Exchange Management Act.

http://timesofindia.indiatimes.com/G...ow/3683280.cms

gayathri · Nov 7th, 2008, 12:34

wats the per sq ft rate for properties in goa???

GoanCanuck · Nov 7th, 2008, 14:00

Quote:

Originally Posted by gayathri

wats the per sq ft rate for properties in goa???

The price is dependent on the location. Areas closer to the beach are about Rs10,000/square metre to Rs 15,0000/square metre for a plot of land. For apartments in the beach areas the prices vary from Rs 25 lakhs- Rs 35 lakhs for a one bedroom flat. A detached house in the beach area will cost you Rs 3 crores or more.

May 13th, 2008, 03:34	#1
rish Member Join Date: May 2008 Location: Mumbai Posts: 15	Indians buying property in Goa I am a Goan native, born and brought up in Mumbai and am looking out for buying some property in Goa. Looking for an old portuguese villa, with some orchard land as well. Will be willing to spend on refurbishing the place. I went through plenty of sites and am wondering if this is the right time to buy , considering property prices are facing heavy correction in cities like Bombay and other places. Would it be prudent to wait for some more time or go ahead and make the purchase as soon as possible. Of all the sites, I had a look at, the ones most impressive were - http://www.homesgoa.com http://www.goanrealtors.com http://www.realtygoa.com/ Some questions for people who must have gone through this buying process - 1) Any feedback on homesgoa.com how reasonable are the prices they are quoting ? 2) Any resident India here invested in Acron India properties ? 3) The difference between orchard land and settlement zone land ? Is it not possible to build a residential premises even for one's personal use on an orchard land ? 4) Is there a price difference between orchard and settlement zone rates ? regards Rishi P.S - Is it possible to make a thread like this a sticky which can be great help for many of us, looking for holiday homes in Goa. Last edited by rish : May 13th, 2008 at 08:33.

May 14th, 2008, 16:39	#2
Mum2randa Member Join Date: Apr 2008 Location: London, UK Posts: 3	Hi Rishi, This NRI family are currently investing in property with Acron. We have found them to be very efficient and we`ve had no problems with them at all. Our property is scheduled for completion next April. Regards Jenny Last edited by capt_mahajan : May 14th, 2008 at 16:45. Reason: removed full quote

Nov 7th, 2008, 02:11	#11
Khak Maha Guru Member Join Date: Dec 2006 Location: kolkata/hyderabad/atlanta Posts: 506	India warns against foreigners buying land illegally news item in Times of India India warns against foreigners buying land illegally __________________ ~Khak~ Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover

Nov 7th, 2008, 12:34	#14
gayathri Member Join Date: Jul 2008 Location: chennai Posts: 23	wats the per sq ft rate for properties in goa??? __________________

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May 16th, 2008, 08:01	#3
rish Member Join Date: May 2008 Location: Mumbai Posts: 15	Thanks Jenny, I am looking at Acron as well as they seem to be one of the best developers in Goa. Will be waiting for their 2BHK off plan offer before investing. Another UK based site, I am looking at is http://www.goandream.com/ But was wondering, how properly priced are the properties on this site. Has anyone bought from them and can provide any feedback ? Property rates in Goa seem to be zooming northwards even when FN's are not buying in this market. Thanks in Advance.

May 16th, 2008, 13:47	#5
rish Member Join Date: May 2008 Location: Mumbai Posts: 15	I am looking at some Acron properties coming up for resale in some classifieds and using the developer's name seems to fetch a better price.

May 16th, 2008, 16:06	#8
Mum2randa Member Join Date: Apr 2008 Location: London, UK Posts: 3	We chose Acron for the quality of the apartments, the landscaping and layout of the sites that we visited prior to making a decision. They have also been excellent in all our dealings with them, so far at any rate, we have had no problems. Jenny

May 27th, 2008, 00:31	#9
GxMx Senior Member Join Date: Sep 2006 Location: Bangalore Posts: 175	the prices qouted on HomeGoa are over inflated i feel, but then thats my view!

Nov 7th, 2008, 04:55	#12
IndyBoy Wandering fool Join Date: Apr 2003 Location: NE UK Posts: 147	Yes - I am also looking for NRI property to buy in GOA from mumbai. LOVE GOA Please tell me more

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