Foreign owned property in Goa, (Part One)
#1 
May 26th, 2006, 15:42 Member
- Join Date:
- Sep 2001
- Location:
- Missing, see bottom of post
- Posts:
- 15,097
Foreign owned property in Goa, (Part One)
I've no time to search the web, but I read a story in today’s paper about foreign owned property in Goa.
There are strict rules attached to purchasing 'immovable' property in Goa, it seems that an affidavit saying that all the rules have been adhered to was enough in the past.
The newspaper article (in the Asian Age) suggests that all property purchased in the last few years was going to be checked to make sure the rules WERE adhered to, any failure could result in the property being confiscated.
MOD NOTE: For the exciting continuing follow-up to this saga, see also Foreign owned property in Goa, (part Two)
There are strict rules attached to purchasing 'immovable' property in Goa, it seems that an affidavit saying that all the rules have been adhered to was enough in the past.
The newspaper article (in the Asian Age) suggests that all property purchased in the last few years was going to be checked to make sure the rules WERE adhered to, any failure could result in the property being confiscated.
MOD NOTE: For the exciting continuing follow-up to this saga, see also Foreign owned property in Goa, (part Two)
.
SOS: Missing Person...
Please look at this thread, even if you are not in India.: Have you seen Jonathan Spollen?
He could be anywhere now: You might have met him, be able to help, or give information.
SOS: Missing Person...
Please look at this thread, even if you are not in India.: Have you seen Jonathan Spollen?
He could be anywhere now: You might have met him, be able to help, or give information.
Last edited by machadinha; May 15th, 2007 at 00:38..
Reason: added cross-link
Nothing has actually changed. It's just that now you'll have to make sure your documentation etc is correct, as it will be checked on. (another moneymaker)
People "buying" on Tourist Visas will still not be able to register with the RBI.
People "buying" on Tourist Visas will still not be able to register with the RBI. GoanGoan......here & there
#3 
May 26th, 2006, 21:29 Just a dude on the website
- Join Date:
- Sep 2005
- Location:
- NY, USA
- Posts:
- 3,517
Quote:
Here's an article from another post regarding the same subject:
Originally Posted by goangoangone Nothing has actually changed. It's just that now you'll have to make sure your documentation etc is correct, as it will be checked on. (another moneymaker) People "buying" on Tourist Visas will still not be able to register with the RBI.
People "buying" on Tourist Visas will still not be able to register with the RBI. http://oheraldo.in/node/14229?PHPSESSID=7aa1dd80a5036d 68efc1ff6529dbd0ab
It's always darkest before it goes completely black.
Quote:
the rules may not have changed. What has changed is that spme political body has made a request that the govt l start enforcing the rules. At least, thats all I could find. http://www.navhindtimes.com/stories....Story_ID=05142
http://oheraldo.in/node/14095
http://www.business-standard.com/com...IN&autono=1149
It also remains to be seen whether anything is actually done.
State to probe foreign tourists buying properties
In today's papers,
http://www.navhindtimes.com/stories....tory_ID=060216
Herald has been updated. Here's their take on it:
http://oheraldo.in/node/14581?PHPSES...c1d315b1da8e9d
http://www.navhindtimes.com/stories....tory_ID=060216
Herald has been updated. Here's their take on it:
http://oheraldo.in/node/14581?PHPSES...c1d315b1da8e9d
Last edited by goangoangone; Jun 2nd, 2006 at 11:34..
Reason: addition
#8 
Jun 3rd, 2006, 01:40 res ipsa loquitur
- Join Date:
- Sep 2004
- Location:
- Northern California
- Posts:
- 3,537
A number of people have posted on IM about doing this (both inquiring if it was allowed and stating that they'd already done it), and several -- I'm thinking of one in particular 
-- got quite hot under the collar when told that foreigner's holding tourist visas, even 10 year tourist visas available to U.S. citizens, couldn't do this. Hope they are following these news accounts and taking steps to get their situations straightened out - altough their prospects of recovering any money from an unscrupulous seller or middleman for engaging in an illegal sale seem dim.
-- got quite hot under the collar when told that foreigner's holding tourist visas, even 10 year tourist visas available to U.S. citizens, couldn't do this. Hope they are following these news accounts and taking steps to get their situations straightened out - altough their prospects of recovering any money from an unscrupulous seller or middleman for engaging in an illegal sale seem dim.
Last edited by dzibead; Jun 3rd, 2006 at 02:52..
#9 
Jun 3rd, 2006, 02:27 Maha Guru Member
- Join Date:
- Sep 2001
- Location:
- Land that shakes and bakes.
- Posts:
- 10,469
Welcome back..
there is another article about this topic here: http://www.goacom.com/joel/news/2006/june/02june06.htm
Quote:
I've never seen them move!
FEMA violating foreigners’ lands to be confiscated
Herald Poll
Who should be banned from buying land or running businesses in Goa?:
None
23% (38 votes)
Foreigners on tourist visas
21% (35 votes)
Foreigners on business visas
3% (5 votes)
All foreigners
51% (84 votes)
Can't Say
2% (4 votes)
Total votes: 166
http://www.oheraldo.in/
None
23% (38 votes)
Foreigners on tourist visas
21% (35 votes)
Foreigners on business visas
3% (5 votes)
All foreigners
51% (84 votes)
Can't Say
2% (4 votes)
Total votes: 166
http://www.oheraldo.in/
Officials warned against sale deeds involving foreigners
Similar Threads
| Title, Username, & Date | Last Post | Replies | Views | Forum |
|---|---|---|---|---|
| Foreign owned property in Goa, (part Two) | Oct 16th, 2012 16:44 | 1119 | 144049 | Property in India |
Posting Rules
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Linear Mode
