a_f_d

I had to cut the petition down a lot to meet the size limits.
It has been submitted and:
AndyD 8-)#

noni

Hi Andy,
Thanks for that, can we please see what you have said.

a_f_d

If it's accepted you can see it on the Downing Street site - and anywhere else I can think of to post it <G>

AndyD

Return of Santan

Thanks Andy for your hard work, in anticipation of the New petition being accepted do you have the Title yet ?

K-C

hemingway

My mistake, it isn't in FEMA, It's on the RBI's immovable property FAQ page:

http://www.rbi.org.in/scripts/FAQView.aspx?Id=33#3

The payment for acquiring such a property should be made by way of foreign inward remittance through proper banking channel.

I actually said 'normal' banking channels, the RBI page says 'proper' banking channels.

Regards

Hemingway

noni

?????? Why do the RBI allowing funds through 'proper banking channels' to be sent to Goa - when it is illegal for FN's to purchase property .

hemingway

To be fair to them, though why I should bother I don't know - they aren't fair to us, the quote was in reference to how a foreign company with an Indian branch office should 'pay' for the purchase of a property.

Regards

Hemingway

noni

Just keeping you on your toes.

hemingway

Hi Linney,

My honest answer is I don't know - due to my situation I've had a look at the lease option but I really don't like the idea of having paid 'FREEHOLD' money for a 5 year lease. I don't know if there is any way of getting a lease agreement registered like FNs 'used' to be able to get sale agreements or 'sale deeds' registered - A 'trustowrthy' (good luck in your search to find one) advocate may be able to advise you what makes it a 'legal' document. You could do with some advice from an Acron lease holder - I'm not even sure if lease holders can get the electricity bill & house tax bill in their own names.

Regards

Hemingway

linney52

hi
thanks for your reply hemingway ,i guess it's a bit of a mess ,i think the blame should lie with the estate agents that are still selling to fns in the uk i rang them to enquire about a property on their site ,they would still sell to me and said that none of their customers have had any problems ,what a load of bull ,they should be stopped .

linney

noni

Email the name of the Estate Agents to [email protected]. Mail on Sunday are interested in our stories. I think these people should be exposed as ......... rats.

Any of you with stories just email the above.

hemingway

Hi Linney,

Yep, Steve Wood (Meltham, Huddersfield - I think) will still 'sell' you a property as will Knight Knox International in Manchester. I personally know at least TWO FN couples who have bought in the last two & a half years, stayed in their properties, got their deeds & not had any problems whatsoever - one of the couples is particularly oblivious to the situation & doesn't want to know about it.

Where 'were' you considering 'buying' ?

Regards

Hemingway

noni

Linney we got our deeds registered, to years later the D of E stated to investigate all those registered that year and are working backwards
{) from the year of our Registration and investigating everybody - those who are sitting thinking they have got away with it are in for a shock. There is a list of all those registered, and the D of E is working through it.

The lucky ones are those on a lease who can resell with the help of the builder - but, of course, it will cost you. The likes of us are right up the creek without a paddle.

Remy-Ireland

Hi Noni,

I know i should know the answer to this but my brain is totally pickled so forgive me for asking but why can't you sell to a pio etc?

If youve got the deeds etc just sell and let the pio try and sort the mess out! Would this not work?

noni

WELL - I suppose I could (take the money and disappear if I was dishonest) BUT this is what happened to my friend.

She sold to a GOAN living in Goa. Cash in her bank account. Goes with the Goan to register a week later, and the registra threw her file on the floor and said he would not register it as she was WHITE. The Goan said to him, that he WAS Goan. NO,. the deeds could not be registered, now at this stage she could have gone off with the money.

Anyway, she was one of the lucky ones as this apartment had NOT been registered. Eventually the Sale Agreement was reverted back to the builders name, only after a couple of grand had been passed over. Now all is o.k.

WE CAN'T DO THAT AS OUR DEEDS ARE REGISTERED.

I am sure there are some suckers out there who will pay up in cash and then if you are dishonest you can bring your cash back, (or have it paid into your UK bank account) if you are willing to take a chance. Could not live with myself if I did that