Re: Acron Homes
 

Hi all.

You're best bet is to ask for your money back.

Cornishboy says he can get re-imbursed in full less approx £300.00 for papaerwork and no interest due,which is fair...

We will never own our "properties" under the curent regime

Please let all of us know your experiences....


Kind regards


Keith Rogers

Re: Acron Homes
 

Everywhere i look at the moment property in Goa is being advertised.
Home Exhibitions, UK newspapers, Irish newspapers, Websites and Ad Banners. WHAT GOES ON?:huh:

No mention of course of FEMA rules and regulations just cheap villas and apartments available in Goa. Yesterdays Daily Star refers to Goa as 'Paradise for Pennies' and homes in paradise for under 30K.
It looks like the property developers con is set to continue.:mad:

Re: Acron Homes
 

Hi Susanna,
Do not go down the route of using an Indian nationals name to try to get the freehold (unless you marry one of course), thats what this current situation is all about; people trying to bend the rules.
There isn't much chance of foreigners getting the freehold to property in the foreseeable future, one of the big problems apart from the 183 day ruling for me would have been that I would always have a home in the UK and I think in one of the conditions of obtaining residency is that you have to be seen to be making Goa your permanent home i.e. not just a seasonal home.
Have a chat with Acrons legal dept. regarding how you could sell your apartment in the future, you might find it's not all doom and gloom unless of course you did want to spend more than six months a year there.

Re: Acron Homes
 

Hi Susanne,

Please do not be upset, you are fortunate in that you have done some homework and have guides and mentors on this site to help you. They are trying to save you from substantial loss both emotionaly and financialy, but it would appear that to date they are only partialy succeeding.

On the one hand I can see you are partialy accepting the situation, but on the other hand you are trying to overcome what you consider to be an obstruction to your plans by the Indian authorities

Please try to be less subjective and less colonial, go beyond trying to treat the symptom and consider the cause. The cause being that the Indian authorities do not want foreign nationals owning property and living in their country and they have every right to be acting in this way.

If foreign nationals continue to avoid and evade their wishes those foreign nationals could end up being subject to more stringent measures by the Indian govt or a local mob. ( not a pleasant experience for anybody but especially a westerner)

As Keith says you can rent an apartment in Goa for little money and when the foreign nationals begin to understand their true position and all this rental capacity comes on stream, i suspect rents will fall even further.

I used the think there were only two periods of insanity in the life of the ordinary man, one was faling in love, the other was going to war. I would now like to add buying overseas property to the list .

Re: Acron Homes
 

Hi Suzanne,

I understand and empathise with your feelings on this subject,but as Douglas says The Indian Govt are perfectly entitled to decide on the demographic composition of their country.

The hard part for me to understand is why there has not been a formal statement issued about their change in policy.

Politics being the slippery eel that it is,we may never get such a clarification,so we have to "second-guess" from other peoples experiences and viewpoints.

If I am refunded for my flat in Villa Maria,I will still go to live in Goa (as best that a tourist visa will let me) and enjoy what is still a beautiful spot (away from calangute that is ).

So let's keep e-mailing and help each other out.


Kind Regards


Keith Rogers:curse:

Re: Acron Homes
 

Hi all again,

Just a thought before thundering back to the great metropolis....

If you want to stay more than 6 months,why not come back to the UK,renew the 180 day visa and then go back...

That would be my plan if I have to keep the flat in Villa Maria,my relatives have already set up a spare room etc,so has my best pal and his girlfriend.

Douglas: on a 180 day visa,can you get a phone line put in and can you buy furniture as well,bare minimum only,that's my lifstyle????


Kind Regards


Keith Rogers

Re: Acron Homes
 

Hi Keith,
Have you spoken with Acron's legal dept. re keeping your property on the lease system and selling in the future?
You would only be on a tourist visa so the six months rule would still apply.
I haven't received the full details yet but I believe it's the way other Acron non residence have sold in the past.
Dr. Britto is away until Friday.

Re: Acron Homes
 

Hi keith ,

i thought id already answered this one, yes you can buy furniture and either the tenant or the freeholder can request the phone co to install a phone ( may take you a week to complete and submit the application though)

Regarding your previous request for info on thailand, not an expert but went there a few years ago on holiday and liked it. I also have an interest in muaythai ( thai boxing)

Cost of living is slightly higher than goa and the people are fine, but like most eastern peoples value not losing face above transparency, honesty and integrity.

Farangs can buy buildings outright but not land , so you can own the house but not the land it stands on.

Visas are automaticaly given on entry for 90 days and if you live in the north you can do the visa run into burma/ myanmar and return same day. Long term visas are difficult unless you have special skills.

My info is from a few years ago so check it out try googling Bangkok something for ex pat websites.

kind regards

Re: Acron Homes
 

Hi everyone, first time iv logged in since coming back from my holidays and boy there's a lot to catch up on.

Reading through everything there's nothing different to when we paid our deposit to Acron. We were told that we would have the lease for 58 months (then it would roll over) until we qualified for residency and the freehold after we did the 182 day. We were also told not to set up a company as the government were looking into foreign nationals opening bogus companies as a quick way to own the freehold.

Hi to Rosemary and Mick, Chandu and Raziya hope yous are all well.

Sue and Dave

Re: Acron Homes
 

Hi keith,

Just a ps to my previous post, thai markets are an eye opener, during my visits i have seen a wide range of foodstuffs on offer, including deep fried crickets and bullfrogs!

Makes a change from corn flakes i suppose.

Re: Acron Homes
 

Hi Sue and Dave,

As an outside observer i am interested in your recent statements, they dont indicate any change of stance since paying your initial deposit.

For the purpose of clarification, do you still believe that you can roll over your lease and do you still believe that you can qualify for residency by doing 183 days?

Do you also still believe that the government is only looking into company registrations and is not looking into those foreign nationals who went the lease purchase route as some major developers suggest.

Hopefuly you will respond and thank you for your time.

kind regards

Douglas

Re: Acron Homes
 

Hi all,

Ive just been checking for any new info on indiamike and came across a post from someone who sounds absolutely lovely and has grasped the fact that foreign nationals can now only hope for a five year lease, but has failed to grasp the implications of that development. They have also appear to have spent their life savings on the property.

The poster is concerned about the physical risks to the building in which they will be a tenant, the risks they have identified are earthquakes and flooding( two fairly unlikely events in Goa)

The developer has declined to pay for insuring the property and the poster is enquiring if the tenant can arrange the same.

Two points here, as the tenant doesnt own the building, there is no loss to them if its destroyed, other than loss of use. (They would not have access to
the building nor be able to enjoy it if its been destroyed anyway, insured or not) So somehow they are accepting that on the one hand that they only have a lease, but still cannot bring themselves to accept that they dont own the building are therefore not subject to loss and are not responsible for it.

Secondly, the risks they have identified have a low probability of occuring, but others that are equaly damaging have a higher probability of occurence but have not been identified or considered.

Interesting stuff.

Re: Acron Homes
 

Hi Douglas

What makes you think that i wouldn't respond to you

If i didn't believe this to be true why would i have put my comments out for everyone to read, it just doesn't make sense.

I have read through yours (and other peoples) posts on this and other web forums which has been apprieciated but at the end of the day we all have our own opinions and choices to make as you have yours. Anyone who is concerned must feel OK in the fact that you can hand the property back and receive your money back (less £300)

Sue

Re: Acron Homes
 

Hi Sue,

Thank you for your response.

I genuinely required clarification, my request was not intended to be provocatave. As a result of your succinct reply, your diagnosis and prognosis is now perfectly clear.

As you say we all have our choices to make but im genuinely interested in how you come to such different conclusions when presumably we both have the same set of facts to work from.

Please support your definitive statement with logical argument and facts so that if you know something I and others dont, we can learn from it.

Thank you

Re: Acron Homes
 

Hi Douglas

It is not what you've called a definitive statement but my opinion which i am entitled to so don't feel as though any arguments are called for

in my opinion we have purchased a property through Goa's leading developers and understood that the 5 year lease was the only option to foreign nationals. I feel confidant that this will be renewed for subsequent 58 month periods until a time when we can spend the 182 day to qualify for residency (which we may or may not decide to do)

When we were over in January we met people who were happy with the rolling 58 months, a guy who have just received his residency and a couple who were thinking of selling their villa (bought through Acron) all with positive views so in my opinion for us this seems the right thing to do.

Sue