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May 5th, 2008, 20:31
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#1 |
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Member
Join Date: Sep 2006
Location: India
Posts: 27
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Buying land in India with a pio/ cio card?
Hi,
can someody give me some advice about buying land in Goa. I do have a pio card and it is even possible to get the cio card. What kind of formality's do I have to take to make averything legal? Can someone help me with it?  Thank ya The King |
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May 5th, 2008, 20:37
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#2 |
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Infidel Sufi
Join Date: Sep 2005
Location: styx
Posts: 13,608
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No specific advice, but I suppose you have read these; though the title may suggest it is only for foreigners, some of the pitfalls are common, and will impact you (and even resident Indians) as well.
Foreign owned property in Goa, (Part One) Foreign owned property in Goa, (part Two)
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. Outside the machine |
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May 5th, 2008, 21:29
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#3 | |
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This is just a cameo appearance
Join Date: Oct 2004
Location: Chennai, India
Posts: 36,225
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May 6th, 2008, 14:41
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#4 | |
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Member
Join Date: Sep 2006
Location: India
Posts: 27
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Quote:
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Aug 11th, 2009, 13:20
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#5 |
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Member
Join Date: Aug 2009
Location: Tanzania
Posts: 10
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Agricultural Land
Nick-H,
Been reading through the forum, and your name appears quite regularly on issues related to PIO cards, so I'm directing this question to you, however others may be able to shed light on the topic. I'm expecting to receive my PIO card fairly soon, as an Aussie married to an Indian (Arunachali) girl. I know there is a restriction on myself purchasing agricultural/plantation lands as a PIO cardholder, however, do you know whether this regulation could be sidestepped if I opened a Ltd company in India, say with my wife and I as directors? Would I then be able to acquire such land? Cheers, |
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Aug 11th, 2009, 13:56
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#6 |
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This is just a cameo appearance
Join Date: Oct 2004
Location: Chennai, India
Posts: 36,225
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No, sorry, I have no idea, but if your wife is an Indian citizen, then you just buy in her name, assuming that she is qualified to buy such land in the state/area of your choice.
It requires that you have complete trust in your wife, of course, but then, one assumes that you have, given that you married her  |
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