Hi Douglas

Only time will tell on what the outcome will be long term. You may be correct, however i remain optimistic and at the same time realistic.

Regards David

What a lot of misinformation on this site along with doom and gloom. I bought two apartments and a villa 2 years ago in Goa. One in the Colonia De Braganza Resort (through Churchills). I was on a tourist Visa and the 180 days does'nt have to be consecutive. I sold one apartment and the Villa for double the price just before christmas. I am living in the other apartment for most of the year.

There is no problem buying property in India through a reputable agent and with a reputable builder. There are lots of problems if you don't just like anywhere else in the world.

simple!!!

MaryLeigh

ARE YOU FOR REAL

Hi Maryleigh,

You have to complete 182 days in a fiscal year (april - april) to obtain your residency.
You can not acheive this with a tourist visa and since the government have put a bann on X Visas to foreign nationals, how then does one obtain residency.

If you follow through on this thread you will soon realise that unless you are a PIO or NRI then purchasing property is a very risky affair at the moment.

Investigations are on going and i think youll find at the end of the day all you really own is a 5 year Rolling Lease on your property.
This also has big risks involved.

If you have purchased on a tourist visa then please beware as what you have read on this thread from Douglas, lineman and many others is not scare tactics but FACT !!!!.....and Douglas bears the scars to prove it.

Regards,
Remy

Hi Remy,

If you read what I said you will see that I have bought and sold on a tourist visa. The residency requirements are not consecutive ergo, you can come and go within the year once the total is over 182 days. You don't have to become resident to buy a property. You are seen as resident if you do the time.

I know what I'm talking about. I live in Goa and I have done it. Not listened to the bountiful rumour mill or the sad stories, but actually done it.

There is a general election coming up in Goa in June and lots of nationalist rhetoric for votes but no change in any laws. It will all vanish after the election and settle down again.

The problem with India is that the rules are not clearly stated, nobody wants to take responsibility for anything so rumour abounds and the gloom merchants love an audience. Enough said.

I have a life so won't get into any more chat, believe what I say or don't.........just wanted to give my experience.

Maryleigh..............

Hi Maryleigh,

Everything is clearly stated in FEMA it states that FNs must be RESIDENT

you cannot be deemed resident on a tourist visa.


douglas

Do you or did you hold a Residential Permit issued by the FRO in Panaji?

Dear Friend
Good to receive your view and liking for india (Goa) is living place
as we think pl advice spcification to do something for you
Amit Agarwal

Hi Amit

Maybe we could all get together and "buy" a whole block of apartments from to save you the running around? Furniture and tiles too.

Just send us your bank account details and i will arrange for this Nigerian bank bond to be credited to your account in payment. I am unable to cash it you see, but someone as sharp as you should be able to, no problem.

douglas

Mr M !!!!

Do I detect the merest hint of sarcasm in your last post???

Surely not sir !!!


Regards


Keith Rogers

Hey Douglas,

Maybe we should get Maryleigh to buy for all of us eh ???


Keith

Hi Keith,

Maybe so. I am just getting pissed off with watching often niave, sometimes unintelligent, but basically nice people, getting ripped by people with half their qualities.

douglas

Hi Douglas,

It's what capitalism relies on,exploiting human traits like fear,greed,envy etc..

By the time people latch on to a trend,the smart people/money has long since gone to pastures new.

Talking of which,I'm looking at Northern Cyrpus for a place,possibly the same issues of certainty of title to land and property exist there,but I'm looking with my eyes wide open now.


Keith Rogers

hmmm you ll be slagging cyprus off next are you looking for a 4 bed villa for 10k

Hi Remy,
I think she must have bought on a Lease, like the people in the Highland Resort. I must admit that I know of a couple there who have sold their apartment, on one of those " Leases" and are now building a home of their own. When we purchased, with our builder there was nothing to stop us selling on with our "Agreement of Sale "- before we had the Sale Deed registered in our name. All very complicated.