Hi Bryson7,

On the basis of this clause alone, you have to ask the question as to how india was ever considered or marketed as a holiday home destination.

regards
douglas

Hi Douglas,
This clause really is the stumbling block for nearly all would be freeholders.
I wonder how many Indian doctors etc. working in the UK are aware of this rule. Perhaps some of our friends from Goan Voice have had a shock by this revelation if they own property in the UK and India and didn't get permission from the RBI to do so.
Maybe they too will receive "THE LETTER" requesting their presence for an interview.
Regards
Bryson

Hi Bryson7,

So many anomalies and irregularities all around us.

I am still amazed as to how a closed door policy as outlined in FEMA could have been interpreted by so many as an open door policy.

Indian officials , lawyers, mps, journalists, estate agents, developers, and of course the good old FN are all guilty.

What is even more surprising is when you tell FNs how it is, they accuse you of pessimism and put forward optimism as the solution.

As if optimism could re write FEMA.

The goan property debacle has to be the best ever example of the emperors coat syndrome.

regards
douglas

EXACTLY!!!

Hi Douglas,

Your right that optimism wont re-write FEMA.
It also wont change what the Indian Government has probably already pre-determined will happen.

It may very well be a denial mechanism or a condition of the mind.......but its also the way some people are.......'Is the glass half empty or half full?' and all that. Its also partly supernatural, prayer and hope..........but in many cases its all people have to cling to. Im an optimist.....but i dont put it forward as a get out clause or a solution.

Kind Regards,
Remy