Foreign owned property in Goa, (Part One)

steven_ber · May 26th, 2006, 15:42

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)

goangoangone · May 26th, 2006, 21:03

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.

nadreg · May 26th, 2006, 21:29

Quote:

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.

Here's an article from another post regarding the same subject:

http://oheraldo.in/node/14229?PHPSESSID=7aa1dd80a5036d 68efc1ff6529dbd0ab

crvlvr · May 30th, 2006, 23:38

Quote:

Nothing has actually changed.

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....ory_ID =05142
http://oheraldo.in/node/14095
http://www.business-standard.com/com...IN&autono=1149

goangoangone · May 31st, 2006, 08:27

It also remains to be seen whether anything is actually done.

goangoangone · Jun 2nd, 2006, 10:13

In today's papers,

http://www.navhindtimes.com/stories.php?part=news&Story_ID =060216

Herald has been updated. Here's their take on it:
http://oheraldo.in/node/14581?PHPSESSID=6637aa3b8f1047 ba93c1d315b1da8e9d

crvlvr · Jun 2nd, 2006, 23:33

wow.. I have never seen the govt move at such lightning speed.

dzibead · Jun 3rd, 2006, 01:40

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.

edwardseco · Jun 3rd, 2006, 02:27

Welcome back..

federica · Jun 3rd, 2006, 02:31

there is another article about this topic here: http://www.goacom.com/joel/news/2006/june/02june06.htm

Jasmin · Jun 3rd, 2006, 03:52

mmmm...interesting.

goangoangone · Jun 3rd, 2006, 07:19

Quote:

Originally Posted by crvlvr

wow.. I have never seen the govt move at such lightning speed.

I've never seen them move!

goangoangone · Jun 3rd, 2006, 07:51

From today's Navhind Times
http://www.navhindtimes.com/stories.php?part=news&Story_ID =060325

goangoangone · Jun 3rd, 2006, 10:47

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/

goangoangone · Jun 3rd, 2006, 11:14

Herald just updated:
http://oheraldo.in/node/14659

May 26th, 2006, 15:42	#1
steven_ber Member Join Date: Sep 2001 Location: London, England. Posts: 9,211	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) __________________ . How to get helpful replies to your transport/Itinerary questions. Train information. Last edited by machadinha : May 15th, 2007 at 00:38. Reason: added cross-link

May 26th, 2006, 21:03	#2
goangoangone Monsoon Loon Join Date: Aug 2004 Location: Goa Posts: 1,504	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. __________________ GoanGoan......here

Jun 2nd, 2006, 10:13	#6
goangoangone Monsoon Loon Join Date: Aug 2004 Location: Goa Posts: 1,504	State to probe foreign tourists buying properties In today's papers, http://www.navhindtimes.com/stories.php?part=news&Story_ID =060216 Herald has been updated. Here's their take on it: http://oheraldo.in/node/14581?PHPSESSID=6637aa3b8f1047 ba93c1d315b1da8e9d Last edited by goangoangone : Jun 2nd, 2006 at 11:34. Reason: addition

Jun 3rd, 2006, 01:40	#8
dzibead Maha Guru Member Join Date: Sep 2004 Location: Northern California Posts: 2,082	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. Last edited by dzibead : Jun 3rd, 2006 at 02:52.

Jun 3rd, 2006, 03:52	#11
Jasmin Senior Member Join Date: May 2006 Location: Canada Posts: 167	mmmm...interesting. __________________ 'Nothing will ever be attempted if all possible objections must first be overcome' - S. Johnson

May 31st, 2006, 08:27	#5
goangoangone Monsoon Loon Join Date: Aug 2004 Location: Goa Posts: 1,504	It also remains to be seen whether anything is actually done.

Jun 2nd, 2006, 23:33	#7
crvlvr Guru Join Date: Sep 2004 Location: Hollywood Posts: 4,474	wow.. I have never seen the govt move at such lightning speed.

Jun 3rd, 2006, 02:27	#9
edwardseco Maha Guru Member Join Date: Sep 2001 Location: Land that shakes and bakes. Posts: 3,938	Welcome back..

Jun 3rd, 2006, 02:31	#10
federica Maha Guru Member Join Date: Jun 2004 Location: Bavaria Posts: 994	there is another article about this topic here: http://www.goacom.com/joel/news/2006/june/02june06.htm

Jun 3rd, 2006, 07:51	#13
goangoangone Monsoon Loon Join Date: Aug 2004 Location: Goa Posts: 1,504	FEMA violating foreigners’ lands to be confiscated From today's Navhind Times http://www.navhindtimes.com/stories.php?part=news&Story_ID =060325

Jun 3rd, 2006, 10:47	#14
goangoangone Monsoon Loon Join Date: Aug 2004 Location: Goa Posts: 1,504	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/

Jun 3rd, 2006, 11:14	#15
goangoangone Monsoon Loon Join Date: Aug 2004 Location: Goa Posts: 1,504	Officials warned against sale deeds involving foreigners Herald just updated: http://oheraldo.in/node/14659

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