GOA - Buyer Beware!
Aug 26th 2009, 2:48 am
#2461
Just Joined
Joined: Aug 2009
Posts: 13
Re: GOA - Buyer Beware!
You could always ask the developers and real estate agents for figures has it is in there interest to get this matter solved sooner rather than later
Aug 26th 2009, 4:53 am
#2462
Just Joined
Joined: Aug 2009
Posts: 13
Re: GOA - Buyer Beware!
My Goodness you have been busy. Very impressive.
I think though if maybe we could be a bit more specific with regards to the RBI Directorate of Enforforcement investigations and the current debacle that FNs who legally bought (whilst resident, and fulfilling FEMA criteria) now find themselves in.
The British who have bought apartments and villas ( i don't think we are talking thousands, maybe six or seven hundred tops) are not land grabbing, drug dealing, racketeering etc,etc.......its the criminals, ganglords and mafia that need to be sought out and excluded from Goa.....not the few hundred FNs that economically invest,contribute, live and support Goa year after year.
If these British Fns have unknowingly breached some FEMA or RBI bylaw in purchasing property then lets have it out in the open and the matter concluded. ie. a fine imposed and then everyone can move on and RBI can plug any loophole (legally ammend/clarify policy through Central Government) and stop this from happening in the future.
For RBI or the D of E to even contemplate property confiscation in these circumstances would be ludicrous, dangerous and imho unlawful......especially when the real criminals, drugdealers,landgrabbers and people traffickers are buying their way out of trouble, taking over villages and setting up criminal empires. These things need to be highlighted to Mr 'RBI' in some sort of legal minded format and extracts from Slumdogpaupers post could be also used to explain the reasons for investing in India in the first place.
Regards,
Remy
I think though if maybe we could be a bit more specific with regards to the RBI Directorate of Enforforcement investigations and the current debacle that FNs who legally bought (whilst resident, and fulfilling FEMA criteria) now find themselves in.
The British who have bought apartments and villas ( i don't think we are talking thousands, maybe six or seven hundred tops) are not land grabbing, drug dealing, racketeering etc,etc.......its the criminals, ganglords and mafia that need to be sought out and excluded from Goa.....not the few hundred FNs that economically invest,contribute, live and support Goa year after year.
If these British Fns have unknowingly breached some FEMA or RBI bylaw in purchasing property then lets have it out in the open and the matter concluded. ie. a fine imposed and then everyone can move on and RBI can plug any loophole (legally ammend/clarify policy through Central Government) and stop this from happening in the future.
For RBI or the D of E to even contemplate property confiscation in these circumstances would be ludicrous, dangerous and imho unlawful......especially when the real criminals, drugdealers,landgrabbers and people traffickers are buying their way out of trouble, taking over villages and setting up criminal empires. These things need to be highlighted to Mr 'RBI' in some sort of legal minded format and extracts from Slumdogpaupers post could be also used to explain the reasons for investing in India in the first place.
Regards,
Remy
Aug 26th 2009, 5:50 am
#2463
I love apathy!
Joined: Feb 2008
Posts: 1,248
Re: GOA - Buyer Beware!
Hemingway
Aug 27th 2009, 3:06 am
#2464
BE Forum Addict
Joined: Sep 2008
Posts: 1,199
Re: GOA - Buyer Beware!
Yes but are the rates paid to investors still around the 8% mark? Some ordinary savings accounts in the UK are currently paying less than 1% but lots of mortgages are still over 5%.
Aug 28th 2009, 2:11 am
#2466
Forum Regular
Joined: Dec 2007
Location: London
Posts: 221
Re: GOA - Buyer Beware!
I have no idea if the advocate is any good or not but he deals with Acron's leases and he did reply immediately when I sent him a message.
If I am not allowed to put up his details please let me know how to help?
details as follows
Augustus Monteiro
Plaza Maria Lilia Apts
behinde St Alex Church
Calangute
tel 0832 2275944
E-mail [email protected]
Good luck
If I am not allowed to put up his details please let me know how to help?
details as follows
Augustus Monteiro
Plaza Maria Lilia Apts
behinde St Alex Church
Calangute
tel 0832 2275944
E-mail [email protected]
Good luck
Last edited by noni; Aug 29th 2009 at 5:16 am.
Aug 28th 2009, 2:12 am
#2467
Forum Regular
Joined: Dec 2007
Location: London
Posts: 221
Re: GOA - Buyer Beware!
[
I have no idea if the advocate is any good or not but he deals with Acron's leases and he did reply immediately when I sent him a message.
Noni If I am not allowed to put up his details please let me know how to help?
details as follows
Augustus Monteiro
Plaza Maria Lilia Apts
behinde St Alex Church
Calangute
tel 0832 2275944
E-mail [email protected]
Good luck
I have no idea if the advocate is any good or not but he deals with Acron's leases and he did reply immediately when I sent him a message.
Noni If I am not allowed to put up his details please let me know how to help?
details as follows
Augustus Monteiro
Plaza Maria Lilia Apts
behinde St Alex Church
Calangute
tel 0832 2275944
E-mail [email protected]
Good luck
Last edited by noni; Aug 29th 2009 at 5:17 am.
Aug 28th 2009, 4:48 am
#2468
Banned
Joined: Oct 2008
Posts: 2,478
Re: GOA - Buyer Beware!
If anyone intends to copy down the lawyer's email address, it should read;
lawyer_goa (etc)
the forum automatically underlines an email address and hides the low-phen!
lawyer_goa (etc)
the forum automatically underlines an email address and hides the low-phen!
Last edited by johnny five; Aug 28th 2009 at 4:50 am.
Aug 28th 2009, 4:53 am
#2469
Joined: May 2007
Location: Noni the Indian Goan Beach Mulberry
Posts: 8,227
Re: GOA - Buyer Beware!
Aug 28th 2009, 6:18 am
#2471
Joined: May 2007
Location: Noni the Indian Goan Beach Mulberry
Posts: 8,227
Aug 28th 2009, 6:30 am
#2472
I love apathy!
Joined: Feb 2008
Posts: 1,248
Re: GOA - Buyer Beware!
Hemingway.
Aug 28th 2009, 7:22 am
#2473
Joined: May 2007
Location: Noni the Indian Goan Beach Mulberry
Posts: 8,227
Re: GOA - Buyer Beware!
Well it would depend entirely on the attorney!!! Witnessing some first hand experience of the p.o.a. route, how the attorney deals with the sub-registrar AND the end result of having 'registered deeds' - PLUS sometime down the line, the 'owners' having had no aggro from the Dof E could indicate that it's an option for those who haven't gone down the residency or lease route.
Hemingway.
Hemingway.
Aug 28th 2009, 8:44 am
#2474
I love apathy!
Joined: Feb 2008
Posts: 1,248
Re: GOA - Buyer Beware!
& the other old adage - it's not what you you know - it's who you know!
I have it on good authority that Advocate Augustus Monteiro is a good guy - he is equipped with a 'straight bat' & he is to FN property owners in Goa what Nick Freeman is to premiership footballers in the UK who have committed motoring offences. . . . . . . . . . . . . . . . . . . .
Hemingway
I have it on good authority that Advocate Augustus Monteiro is a good guy - he is equipped with a 'straight bat' & he is to FN property owners in Goa what Nick Freeman is to premiership footballers in the UK who have committed motoring offences. . . . . . . . . . . . . . . . . . . .
Hemingway
