Braganza World
 

Any one booked yet? if so with who?

Thanks

IB

Re: Braganza World
 

Hi There, It would be nice to here from others who have made bookings and share info alike on the progress of the project. Also a nice opportunity to get to know future neighbours.

Dont be shy ;)

M

Re: Braganza World
 

Hi Indo Brit
I have bought in Braganza World.
I am new to this forum so bear with me if messages dont always go to plan.
I bought a two bed appartment on the phone and then popped over to have a look at the site.
Then when the commercial units were released I bought three.
Have you bought there?
Any problems so far?

Bye for now.
Simon

Re: Braganza World
 

:thumbdown: :lol:

Re: Braganza World
 

:huh: :confused: :whatchutalkingabout

No please....elaborate

Re: Braganza World
 

He hasn't "bought" anything.

Re: Braganza World
 

But he says he has, why do you think that anyway if you dont me asking..


He even confirmed names of the builders with me on a PM..

:confused:

Re: Braganza World
 

In Buyer Beware

Re: Braganza World
 

:teeth_smile: ah you was being caring....right ..got there in the end then ;)


Just glad there is enough good info recently added on the Goa threads for folk to read on the pro's and con's for buying in Goa.

Rgds

IB

Re: Braganza World
 

Yes, but it's sad that that most people are silent. They close their eyes and they don't want to hear it. It is the truth. The people who give these warnings have lived here and have experience of trying to get things done. It's what is happening here now. If you want to risk your money then it's no problem, but the sums at risk are getting greater. Prices have doubled in the last couple of years. Some people, you just can't help.

Re: Braganza World
 

Hi, I can understand and agree for folk that are non indians who want to live there and retire...But for the non indian investor who take out a - 5yr extendable lease on a budget apartment that can be used as a holiday home every 6 months and even sold onto a PIO or NRI at a profit is a good option hence why they are doing this. Best to keep with reputable builders for that option and build in general. As for myself I am a PIO enough said ;)

Horses for courses...everyone must be aware of the truth as you say what ever the reasons for their purchase in Goa.

Rgds


IB

Re: Braganza World
 

Hi Indo Brit,

You raise several points in your last response and I could probably present you with an extensive reply on all of those points if time allowed. Instead i will try and summarise my thinking in general, firstly there are at least four categories of potential buyers /tenants, eg foreign national, pio, nri, resident Indian.

They are categorised differently because there are currently different risks for each category. These risks are different because the legislation regarding acquisition, ownership and leasing of immovable property in Goa is different for each category .

Following on with this train of thought, you could then subdivide the concept of risk itself into say contractual risk, access risk, completion risk, maintenance risk, present and future risk and so on.

If you then were to score those individual risks from say 1 to 10 you would come up with different scores each time as there are different risks and different factors for each category of potential buyer / tenant.

From that you must conclude that there should be different prices for the same property for the different classes as there has to be a correlation betwen price and risk.Market forces dictate that the higher the risk of loss the lower the price and vice versa.

Foreign nationals are exposed to the greatest level of restriction and risk and the price to them should therefore be lowest.

After a quick mental calculation on this basis i can only conclude that immovable property in Goa presently has no value to foreign nationals and may even be negativ ie the developer should be paying the foreign national to sign the contract!

Immovable property may have some value for the other categories.

This exercise is an attempt move on from the emotive and the subjective and provide some logical basis on which people can make their investment decisions. Please do not be offended by my objectivity.

Re: Braganza World
 

Hi Douglas M

I provided a short response to leavinggoa's post on a topic other than "Braganza World" Project, I should of made it clear at the time to take that topic to an appropriate thread where those issues are being discussed. On those basis I am not going to comment on the contents of your post on this thread, I trust you understand.

This way when people coming on the site read the title of the thread and that is exactly what they are getting to talk about...

Rgds

IB

Re: Braganza World
 

Hi again Indo Brit

Thank you for your response and i appreciate your point about the thread content.

Regards

Douglas

Re: Braganza World
 

Please try and post your response with regards to Braganza World on here first, this way others can share the info and create dialogue with each other.

So far I have had 4 reponses direct via PM which is great! but this does not help others like you or make use of the thread as intended.

Keep em coming sun junkies :)

IB

Re: Braganza World
 

PM is useless. A forum is for discussion. Eveyone is anonymous so what's the problem? Are they shy?:o

Re: Braganza World
 

Hi guys,
Im new to this so excuse me , im going to india in May and am planning a trip to Goa looking for an apartment/villa . Please can anyone help me on the Braganza World development ,any advice good or bad move , any new photos

thanx

Prem P

Re: Braganza World
 

Hi Prem & Welcom, have you seen or spoken to any agents on this project?

If so through them you will be able to visit the builders and the site when your over anywhay. It is off plan so nothing but a bush / jungle, but in a up an coming new area for build. The builder is also very well known out there they are a couple of brothers going for almost 15-20yrs and have seats in the local Gov one is going to be Mayor of Mapusa. Only good news from me and a few others I have spoken with otherwise I would of not booked.

I got mine from the main agent Churchill's...which agent are you dealing with?

Where are you based?



IB

Re: Braganza World
 

thanx IB

THAT WAS HELPFUL , IM FROM BEDFORD . IV JUST STARTED MY RESEARCH BEEN ON CHURCHILS WEBSITE GOT INTERESTED . VERY SERIOUS ABOUT IT THOUGH. BIT WORRIED ABOUT LAWS N REGS OVER THERE JUST WANT TO KNW IF ANYONE ELSE CAN GIVE A NOVICE AS MUCH HELP N ADVICE ON EVERYTHING LOCATION , PEOPLE , ETC .TRYING TO GET AS MUCH INFO AS POSS B4 I GO IN MAY .

THANX AGAIN

HOPEFULLY A BRAGANZA NEIGHBOUR

PREM P

Re: Braganza World
 

Hi Prem,



I presume your of Indian origin, if not please advise your status and the type of visa you will be travelling on.

I dont know of this development, but my general advice on buying in Goa is do your homework and then do it again. Youve only got untill May so lots to do.

Once you have the facts, do a risk assessment and score the hazards on a probability basis.

If your unsure at the end of the exercise keep your chequebook in your pocket.

Sites to start your homework on,British Expats obviously, RBI, IndiaMike and amchegoa.

Good luck

Re: Braganza World
 

HI DOUGLAS,

YES I AM OF INDIAN ORIGIN , IV HAD A PROPERTY BUILT IN THE PUNJAB JUST RETURNED IN FEB FROM HOLIDAYING THERE , GOT TO GO BACK IN MAY DUE TO A LAND PURCHASE IV MADE , VISA IS AS A TOURIST . I HAVE FAMILY IN PUNJAB NORTH iNDIA WOULD THE PURCHASE BE ANY EASIER IF THEY WERE INVOLVED.

ANY NEWS ON CHURCHILLS GOOD/BAD PLEASE LET ME KNW ANYONE

THANX

PREM P

Re: Braganza World
 

Hi again Prem,

Slightly confused, I originally thought you were a newbie, but now you inform us you have already purchased property in India and intend to buy more land.

You must therefore already know if youre classified as an NRI or a PIO and what you can and cannot do in India and you must presumably know FEMA backwards as FEMA is not specifically Goan legislation, but national?

As a general statement under FEMA resident citizens of India are the least restricted and non resident foreign nationals of Pakistan and Bangladesh the most restricted when buying or transfering immovable property in India.

As an NRI or PIO your way up in the FEMA pecking order and British foreign nationals such as yours truly are near the bottom.

Keep doing the homework revisit RBI/ FEMA / FAQ.


Kind regards

Re: Braganza World
 

Hi Douglas,
Sorry To Confuse All, I Been Reading Other Peoples Comments And Some Seem To Have Had A Problems With The Deal. Both My Investments Have Been Done Through Relations And Have Touch Wood Gone Through All Ok. I Didnt Know Wether Goa Had Different Laws On Buying.

Thanx

Prem P

Re: Braganza World
 

Hi Prem, Churchills gave me a good gut feel hence the deal, I have also spoken to quite a few other buyers who have bought from them. They have been going for over 10 yrs, I had a credit check done on them also which was fine. The comm's and service from them was A1.

I got my PIO card and I would suggest you get one as the law stands...But first can you confirm where you was born?

All this help will cost you in :beer: NEIGHBOUR ;)

Let me know....

IB

Re: Braganza World
 

Hi Ib

Born In Uk , Parents Born In India But Are Brit Nationals Living Here I Have One Prop In Punjab And Land Purchase Wil B Complete In May Thanx To My Honest Relations Which R Hard To Find In India, If Its Easy As That Then Iv No Worries But Not Sure Bout Churchills. Did U Say Uv Placed An Order On Braganza ?

Re: Braganza World
 

Hi again Prem,

Thanks for the clarification, no specific adverse Goan legislation yet, but several ministers have muted further restrictions on foreign nationals buying and there is some anti feeling about out of state Indians in general.

FEMA is your main driver, read it every day like its your degree subject.

The majority of problems that have arisen in the past and appear to be still occuring are due to foreign nationals who havnt done their homework and think that they can arrive in Goa with a cheque book and a tourist visa and buy immovable property.

One word of caution, there are obviously additional risks in buying off plan rather than existing. Go to www.amchegoa.com see real estate and then key questions. There you will find a list of checks and balances you need to make.

Good luck

Re: Braganza World
 

hi Prem, yes I have placed an order for a 1 bed aprt opp the large pool, I understand they will start the works (clearing the land for build) end of May which is after the elections. The Braganza bothers who own the building firm both have seat in the local gov and one of them is the mayor of mapusa...
Another contact from england both a 2 bed and 3 x com units, he had traveled out and met with them and taken photos of the site which I had seen. He bought through Churchills also and not for the first time either, he also has half a dozen other investment prop's in other hot spots around the globe so knows the game pretty well. Churchills provided receipts, contact and info on time and many other agents who punt their prop's also.

Churchills are at the ideal home ex this weekend to if your down in London tomorrow you can meet them...I know short notice right.

what are you thinking of booking at BW?

Best to get your PIO sorted this way you have no issues in the future for buying prop,transferring, visa, etc for 15yrs and it only costs £215! All you need is your dads old indian and current british passport, his indian address when out there and your birth cert full showing yours dads/mums name and the their marriage cert. All the info is on the app form, its on the indian high com site (UK) tells you all you need to know. Once you complete the form head down to the IHC London hand it in they check,copy and if approve charge and ask you to come back in a month to collect the goods :)


Rgds

IB

Re: Braganza World
 

Bump back up to the top, sorry been a little busy its understood they have a few more left take up has been good and cost have gone up a tad.


PLEASE STICK TO THE THREAD TITLE if you are buying or bought in the project!

Another example of thread hijack on my thread, it was noted they backed down then came back with more, all was ignored. Period


Rgds

IB

Re: Braganza World
 

:rofl::rofl::rofl:

Re: Braganza World
 

I am sure that this is a sales thread.
TP

Re: Braganza World
 

LOL as sure as I know your a fool for thinking that right :p

No TP just someone who has bought in BW and wanted to talk to others to share info alike, I thought you may of guessed from reading the post and from an investment point of view, do you have any investments?

If you want to buy a place in BW or goa or anywhere else then go about and do so.

Re: Braganza World
 

Hi
Do you mind me asking if you are a FN have you been able to register your Sale Deeds?

If you are PIO it is easy to say BW or any other developement is an investment. :blink:

Re: Braganza World
 

Thats right "Old man" and I dont mind you asking I am a PIO.

Re: Braganza World
 

Hi Indo Brit,

Lucky you being a PO - if I was a PO I would definately be buying the beautiful apartments in Goa it would be an investment to get in on the ground floor, but for us foreign nationals unfortunately it is very much a NO NO - as we have learnt to our cost. Ours was bought not as an investment but because we loved Goa and the people and for our grandchildren to enjoy.
But....... we will have to see what is the outcome of the D of E investigation.

Regards Noni

Re: Braganza World
 

Hi Noni, I am aware of all the issues I truly hope this gets sorted for all the FN, when I first started looking for an aprt in Goa and found this site I was also in distress with the issues that the others where going through. I also expected the same as I was in the dark about my status and what is meant, so yes I thought I was also under the FN bracket. As you could imagine there are many British born Indians who want to buy and live in Goa, but what we can or can’t do at first was hard to find.

One of the key reasons for me to buy in Goa was due to the amount of FN's / Brits that where out there, the people of the land that I was born in and grew up with were going to be part of the community in Goa. That would make me and I am sure other British Indians feel even more so at home. I really feel that all FN's should hang in there and they will get through and a positive change will happen.

I do feel for FN's on how they tolerate the differences with the laws, mentality, and officials of the land as I find it a challenge to say the least.

Each country is different and we can’t expect goa’s rules/laws or anywhere else to be like home, that would be a dream but also easy for me to say I know.

Anyway I am going to park it on this topic as there are other threads on this board that major in this subject and this thread is about "Braganza world"

All the best for the future to you

Rgds

IB

Re: Braganza World
 

How terribly rude.
How terribly naive to suggest that I do something that is not possible at the moment for a FN.
Or are you just trying to take the p**s.?
TP

Re: Braganza World
 

I find you amusing Tony, it was naive of you to suggest this was a sales thread as you did making out something about me which is untrue I think thats pretty rude considering...

No Tony I can not be bothered or have the time to read all the posts on this site to know that you are a FN or even need to assume that you are. I dont remember this site only for FN's do you?. So its clear that your taking the "p**s" Tony because your on the wrong thread, this is for people who are buying or bought in "braganza World" because they can....bye Tony...

All the best

IB

Re: Braganza World
 

Hi Indo Brit,

You have got to give some of our threadies a chance - some of us are oap. some like me oap, blonde dizzy and dull, some like young Remy are stressed out and tired and need a rest.

You whip them into shape - I have tried to get them to put all press and urls on one page - but it is like talking to the wall.

:thumbsup: Noni

p.s. I hope you have taken the time to read my sad story and Douglas'

Re: Braganza World
 

Hi Indo Brit,

Yes, we kinda cross thread here quite a bit. Some threads start by talking about Restaurants in Goa and end up talking about the Mayan Ruins in Mexico. I joke you not! We get lost here quite a bit.

So please go easy on us cause when we're on the Noffi then heaven only knows what way the threads end up.:ohmy::eek::blink:

Regards,;)
Remy

Re: Braganza World
 

I find you patronising and your constant mentions of certain agents made your post sound like a sales advert. I didn't attempt to make any conclusions about you personally, it was a personal opinion of the post and the thread.
This site is for anyone who cares to look at it and if I reply to a post on this thread and then you reply to my post on this thread, then it is obviously the correct thread.
Neither was I rude or abusive.
You are now on my ignore list:p
Tony P