First Goa development
Nov 1st 2007 | 10:58 am
#16
BE Forum Addict
Joined: Jan 2007
Posts: 1,685
Re: First Goa development
Unfortunately not! But you have to be careful whatever you are, white, pink, brown or an alien - the Government?FEMA etc. keep moving the Goal posts. Remy is one.
(a 'noffi alien ) 
I am mad that these Agents can sell to us FN promising, and say can get your Deeds Registered when the Register is close and to PIO's when the land has problems. From what I have learnt over the last few months on this site, it is a minefield. But too late for me and many of my friends. These Agents really ought to be exposed. I'd put them in Fort Aguada.
(a 'noffi alien ) I am mad that these Agents can sell to us FN promising, and say can get your Deeds Registered when the Register is close and to PIO's when the land has problems. From what I have learnt over the last few months on this site, it is a minefield. But too late for me and many of my friends. These Agents really ought to be exposed. I'd put them in Fort Aguada.
The government is putting restrictions on all Foreign Investment according to some news articles........i think this will eventually have consequences for PIO/NRI investments in the future.
The goalposts will keep moving and laws will keep getting ammended and changed.
love and peace,
Remy
Nov 1st 2007 | 11:06 am
#17
Joined: May 2007
Posts: 8,227
From: Noni the Indian Goan Beach Mulberry
Re: First Goa development
The government is putting restrictions on all Foreign Investment according to some news articles........i think this will eventually have consequences for PIO/NRI investments in the future.
The goalposts will keep moving and laws will keep getting ammended and changed.
love and peace,
Remy
The goalposts will keep moving and laws will keep getting ammended and changed.
love and peace,
Remy
and peace to you! Have heard that they are stopping FN's purchasing shares out there as well, and those that have them have to sell them.Haven't heard from our Bank as yet - but it may be right.
All the politicians out there can do is make our lives difficult, take bribes and fight amongst themselves. No time for putting their policies, like garbage, roads etc, into action.
Got the Rants to-night.
Nov 4th 2007 | 2:20 am
#18
BE Forum Addict
Joined: May 2007
Posts: 2,941
Re: First Goa development
noni said
No I haven't heard that, it seems unlikely - do you have a link?
AndyD 8-)#
Have heard that they are stopping FN's purchasing shares out there
AndyD 8-)#
Nov 10th 2007 | 2:49 am
#20
BE Forum Addict
Joined: May 2007
Posts: 2,941
Re: First Goa development
No it is actually to stop Indians or NRI/PIO's investing without disclosing who they are. I read that the biggest offenders are the big family owned indian conglomerates buying (and manipulating) their own shares under cover.
hth <bg> AndyD 8-)#
Jan 30th 2008 | 9:30 pm
#21
Just Joined
Joined: Jan 2008
Posts: 7
Re: First Goa development
Hi London John. I understand that the land has now been aquired by investors - is this the case
Thank you Remi! 
J,
The land on the plateau on which the First Goa project is due to be located has been a contentious issue for many years now.
Over the years, there have been many proposed developments.
In recent times, three separate groups have shown an interest in acquiring the land from its various owners.
The first group are the GIDC - Goa Industrial Development Corporation, a government department who plan on building a food processing factory on the land.
The second group are the Tourism Ministry and the Leela Palace Hotel in Mobor, who wanted to run cable cars from the hotel in Mobor across the sea/river up onto a golf course on the plateau.
The third is the Claremont Group - developers for the First Goa Project.
A compulsory purchase order by the government for the land to be used as a food processing factory went through earlier this year, but to date none of the families who own the land have got paid.
The ownership of the land is now in question. Local opinion is very much against any form of development on the land, and it is a highly sensitive issue.
Irrespective of all of this, even if the Claremont Group could acquire, and get the permissions to build on the land, their proposed plans (which I have seen at least) would not be viable. Under the CRZ regulations in Goa, no new constructions can be within 200m of the shore. The plot runs along the coastline, so most of it would be impossible to construct on without breaking the CRZ Regs.
The green lobby in Goa are extremely powerful, and they have not even got started on this one yet! They have successfully blocked the construction of a proposed golf course on the land since the 1980's!
Over the years, some very powerful figures in Goa have tried to do something with the land. If they have never succeeded, what chance do a bunch of UK developers have?
The developers have been extremely badly advised, and a lot of people can and will suffer as a result.
Hope this answers your question.
Kind regards
Tom
J,
The land on the plateau on which the First Goa project is due to be located has been a contentious issue for many years now.
Over the years, there have been many proposed developments.
In recent times, three separate groups have shown an interest in acquiring the land from its various owners.
The first group are the GIDC - Goa Industrial Development Corporation, a government department who plan on building a food processing factory on the land.
The second group are the Tourism Ministry and the Leela Palace Hotel in Mobor, who wanted to run cable cars from the hotel in Mobor across the sea/river up onto a golf course on the plateau.
The third is the Claremont Group - developers for the First Goa Project.
A compulsory purchase order by the government for the land to be used as a food processing factory went through earlier this year, but to date none of the families who own the land have got paid.
The ownership of the land is now in question. Local opinion is very much against any form of development on the land, and it is a highly sensitive issue.
Irrespective of all of this, even if the Claremont Group could acquire, and get the permissions to build on the land, their proposed plans (which I have seen at least) would not be viable. Under the CRZ regulations in Goa, no new constructions can be within 200m of the shore. The plot runs along the coastline, so most of it would be impossible to construct on without breaking the CRZ Regs.
The green lobby in Goa are extremely powerful, and they have not even got started on this one yet! They have successfully blocked the construction of a proposed golf course on the land since the 1980's!
Over the years, some very powerful figures in Goa have tried to do something with the land. If they have never succeeded, what chance do a bunch of UK developers have?
The developers have been extremely badly advised, and a lot of people can and will suffer as a result.
Hope this answers your question.
Kind regards
Tom
Feb 21st 2008 | 9:27 am
#22
Just Joined
Joined: Jan 2008
Posts: 7
Re: First Goa development
Does anyone have any info on this development. Is it still going ahead. I am keen to buy a couple of units. Claremont is very professional and seems to be very well respected in the investment market place.
Feb 29th 2008 | 12:29 am
#23
Banned
Joined: Jul 2007
Posts: 30
Re: First Goa development
Jonnie,
Sorry for the delay in responding, I have not been on this site for a while now.
Claremont have been very badly advised from the outset. They have a good track record in the UK, but have entered into a market which they have no experience of, and have been very naive. I suspect very strongly that they will end up getting their finger badly burnt, with little recourse.
Whatever Claremont may say, the land has not been acquired and I can assure you of that.
This issue will take years to resolve - nothing is going to get built for a very very long time. Even if it does, Claremont will certainly not have a hand in it. I would strongly advise that you do not financially commit yourself to anything, even if it is just a "deposit"!
Kind regards
Tom
Sorry for the delay in responding, I have not been on this site for a while now.
Claremont have been very badly advised from the outset. They have a good track record in the UK, but have entered into a market which they have no experience of, and have been very naive. I suspect very strongly that they will end up getting their finger badly burnt, with little recourse.
Whatever Claremont may say, the land has not been acquired and I can assure you of that.
This issue will take years to resolve - nothing is going to get built for a very very long time. Even if it does, Claremont will certainly not have a hand in it. I would strongly advise that you do not financially commit yourself to anything, even if it is just a "deposit"!
Kind regards
Tom
Feb 29th 2008 | 1:40 am
#24
Just Joined
Joined: Jan 2008
Posts: 7
Re: First Goa development
Thanks for the feedback much appreciated. Since my last mail I have booked three units on this development which is extremely well designed. If you get any further info please let me know. I will let you know how things pan out
Feb 29th 2008 | 3:42 am
#25
Just Joined
Joined: Feb 2008
Posts: 1
Re: First Goa development
Hi
Have lost the will to live to even get into this. Suggest you check any thread with "douglas" on it and trace his investigations. Believe them all and you will be saying good bye to Goa before you start. Listen and learn though, and if nothing else you will read some rib tickling stories.
Have lost the will to live to even get into this. Suggest you check any thread with "douglas" on it and trace his investigations. Believe them all and you will be saying good bye to Goa before you start. Listen and learn though, and if nothing else you will read some rib tickling stories.
No point of loosing your faith in living in goa.. I am a British citizen and an OCI card holder. I have managed to buy 2 fantastic properties in Goa - one in Dona Paula with sea view (102 m. sq area flat) opposite to Governers house and the other is a villa in Candolim with all facilities. Fortunately,I have found a guy in Goa who is a local wealthy businessman who helped me to buy these properties.I am in the process of buying another 2 bed room bunglow with all facilities in Anjuna less than 250m from famous Vegator beach( you can walk down from back of the property complex).
(SNIP) to help anyway I can who wants to come to Goa and live here short or long time.
Last edited by Mitzyboy; Feb 29th 2008 at 6:38 am. Reason: No advertising in the forum please. Thank you
Feb 29th 2008 | 6:37 am
#26
Account Closed
Joined: Dec 2007
Posts: 33
Re: First Goa development
dear dipak.
straight forward,you´re so good,,do yourself believe in santa?please not another one,do us a favor,we just had enough of goa,you can own all goa if you want,we just don´t care.please guys(fn´s) don´t buy from anyone in goa,you will be ripped off.please ,please.not another victim.:curse:
straight forward,you´re so good,,do yourself believe in santa?please not another one,do us a favor,we just had enough of goa,you can own all goa if you want,we just don´t care.please guys(fn´s) don´t buy from anyone in goa,you will be ripped off.please ,please.not another victim.:curse:
Feb 29th 2008 | 8:50 am
#27
Banned
Joined: Jul 2007
Posts: 30
Re: First Goa development
Jonny,
What have you been told then? When do they reckon work will start on site?
Kind regards
Tom
What have you been told then? When do they reckon work will start on site?
Kind regards
Tom
Feb 29th 2008 | 12:51 pm
#28
Joined: May 2007
Posts: 8,227
From: Noni the Indian Goan Beach Mulberry
Re: First Goa development
dear dipak.
straight forward,you´re so good,,do yourself believe in santa?please not another one,do us a favor,we just had enough of goa,you can own all goa if you want,we just don´t care.please guys(fn´s) don´t buy from anyone in goa,you will be ripped off.please ,please.not another victim.:curse:
straight forward,you´re so good,,do yourself believe in santa?please not another one,do us a favor,we just had enough of goa,you can own all goa if you want,we just don´t care.please guys(fn´s) don´t buy from anyone in goa,you will be ripped off.please ,please.not another victim.:curse:
:curse: Hi Camelo, unfortunately you are very right, but people will not believe you - I am coming to the same conclusion as Douglas let them get on with it IT IS THEIR MONEY I have been ripped off by Goans, although I (think) I have many friends unfortunately a lot of them are out for their own ends.
It is alright for Dipak as presumably he is PIO
Feb 29th 2008 | 5:39 pm
#29
Forum Regular
Joined: Jan 2007
Posts: 172
Re: First Goa development
Hi Noni, Dipak is actually OCI which is better than PIO as it is for life, not just the 15 years that a PIO lasts. It's near enough dual citizenship although the Indian government says they do not have dual citizenship. 
Feb 29th 2008 | 9:01 pm
#30
Just Joined
Joined: Jan 2008
Posts: 7
Re: First Goa development
They have not given a date but I am told it will start by the end of the year. They have had a number of set backs with planning permissions and some bad press from the "save Goa2 regime. I meet with Claremont at their offices and I was very impressed with what they are trying to achieve in Goa and have invested my money with them. I suppose only time will tell anyway it’s not like I have to go to Goa to get my money back should things go wrong.
