real estate

Does anybody has idea what will be the price for a portugese villa at Palolem?

Hi Prof try www.expatriates.com and got to the india link. Often there are properties that come up on this site. Best of luck.
Bhuttaji

Try http://www.goacom.com/realestate/buy_sell.html

Anybody knows reliable realestate agent?

Here is a link with listings . Prices range from Rs9,00,000 to ($20,000) Rs1,50,00,000 ($340,000). Are we invited for the housewarming party?

Wow some nice places there, is it still a legal nightmare for any non indians buying?

Hey
Some querries please regarding Purchasing real estate in India:

1. Please let me know if a PIO many generations ago (4) can purchase property in India Apartment / House.

But as it is so many generations ago, there is no supporting documents available.

2.So do they fall under the rule for foreigners as they have no documents?

3.Has the Govt of India made any changes to the rule for foreigners?.

4. What is leasing a house how does that work?

Appreciate your suggestions

As far as I know, a PIO is a legal definition, and it means you have a PIO card.

Your PIO status is exactly the same as Hilary Clinton, that should answer questions 1 & 2.

Question 3. Yes, they make it more difficult on a regular basis.

Question 4. Much better idea! Under Indian law the maximum length of a lease is 5 years. There are ways round this it would appear with a sort of "guaranteed renewal" but I wouldnt want to test it in the courts here. In fact I wouldnt want to test anything in the courts here as a foreigner, its a nightmare for the locals so imagine what its like for us?
Just think of a legal contract here as "A gentleman's agreement with Balls"

There is such a thing as a person of Indian origin, who may not be the holder of a PIO card. I guess it was conceived of before the card, and allowed for in Indian law. If I remember rightly, which is doubtful, I can't even recall where the definition is, it is restricted to self, father and grandfather (male side of family only).

If you want to go further, then dig deep into FEMA, its predecessor act, FERA, and all that kind of stuff.

Academic interest; I don't think it will do you much good in practice.

[QUOTE=Nick-H;785962]There is such a thing as a person of Indian origin, who may not be the holder of a PIO card. I guess it was conceived of before the card, and allowed for in Indian law. If I remember rightly, which is doubtful, I can't even recall where the definition is, it is restricted to self, father and grandfather (male side of family only).

Thank you all for your replies.
Yes a PIO but no card has ever been applied for, Just know that 3-4 generations ago were of India origin.
No documents to support this.
Become an issue as a result of wanting to purchase real estate in India.

Looks like you have a project then: trace and document your roots.

Probably tough, but people do do it.

There is a private company which I've seen mentioned as approved by the Indian authorities for this work. I saw it on the London HCI site some time back

Not really. A PIO card is just a long term visa. You can be a PIO without having a PIO card and in fact you can be a PIO without having a PIO card and be eligible for OCI which many PIO card holders are not eligible for.

Thank you all for your kind help

Nick-H, I would appreciate if you know of any information or website regarding the above.
I will also look at the London HCI
Kind Regards

Thank you very much Nick-H

I found it under PIO/OCI on the LONDON HCI website as you had suggested


http://hcilondon.in/pio.php

http://moia.gov.in/shared/linkimages/203.doc

the phone number on the website to call india is

011-91 and the number

Thank you again for all your kind help Nick-H and indiamike team
Kind regards