renting&buying in goa: update?

miche01 · Jan 28th, 2008, 17:45

hi

im an indian born in south africa, a 3rd generation decendant of india, and i am looking at moving to goa with my family by june 2008. i have a 11 yr old and also need a good school.
can someone pls fill me in on rules regarding rent/buying a house? which is better? what are the prices of houses /apts near manovikas or similar school. do u know school rates?

Nick-H · Jan 28th, 2008, 18:38

Rules? You really have to do your own homework on this one, but if you are an Indian Citizen, then no problems. If you are a foreigner, but you have Indian forebears, or once held an Indian passport, then, as a pio or holder of OCI or PIO card you can also buy.

edwardseco · Jan 28th, 2008, 20:25

Met a Punjabi student whose family had done this..

capt_mahajan · Apr 23rd, 2008, 22:20

Judging from your other posts, wouldn't really advise moving to goa.

Rip off

crvlvr · Apr 23rd, 2008, 23:29

From a cash flow perspective, you are better off renting in India. also, just to make sure India agrees with you, it might be smarter to rent for a while before you decide to buy.

Jan 28th, 2008, 17:45	#1
miche01 miche01 Join Date: Jan 2008 Location: south africa Posts: 5	renting&buying in goa: update? hi im an indian born in south africa, a 3rd generation decendant of india, and i am looking at moving to goa with my family by june 2008. i have a 11 yr old and also need a good school. can someone pls fill me in on rules regarding rent/buying a house? which is better? what are the prices of houses /apts near manovikas or similar school. do u know school rates? Last edited by machadinha : Jan 28th, 2008 at 17:48. Reason: moved to create own thread, adjusted title

Jan 28th, 2008, 18:38	#2
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 26,773	Rules? You really have to do your own homework on this one, but if you are an Indian Citizen, then no problems. If you are a foreigner, but you have Indian forebears, or once held an Indian passport, then, as a pio or holder of OCI or PIO card you can also buy. __________________ . Just one member of the IndiaMike Mod Team

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Jan 28th, 2008, 20:25	#3
edwardseco Maha Guru Member Join Date: Sep 2001 Location: Land that shakes and bakes. Posts: 3,911	Met a Punjabi student whose family had done this..

Apr 23rd, 2008, 22:20	#4
capt_mahajan (in charge of navel affairs) Join Date: Sep 2005 Location: India Posts: 10,101	Judging from your other posts, wouldn't really advise moving to goa. Rip off

Apr 23rd, 2008, 23:29	#5
crvlvr Guru Join Date: Sep 2004 Location: Hollywood Posts: 4,474	From a cash flow perspective, you are better off renting in India. also, just to make sure India agrees with you, it might be smarter to rent for a while before you decide to buy.

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