Re: GOA - Buyer Beware!
 

Have already voted yesterday it was 86% against us.
May have to revote for all the people who come and stay.

http://www.oheraldo.in/node

Re: GOA - Buyer Beware!
 

Morning Noni
Me too, can't see why people who have broken the law of the land should not be deported, it's what we should do more often in the UK. :mad:
Normal law abiding people should be able to try to renew their visa, but most of those who have let their visa lapse are in the wrong and what happens to them is down to the government of the country they are in.
Some of them certainly are trying to use the law against itself, eg overstay, go to court, pay fine and that's it you can't be taken to court again and you stay as long as you want, it's what some of the Nigerians etc were doing.
IMO it's also why all FNs are now getting caned.
Regards
Tony P

Re: GOA - Buyer Beware!
 

Hi all,

I sometimes revisit rudyard kiplings poem " If " and i recently thought how appropriate it is to the FN situation and how ironic that RK spent so much of his time in india and without that life experience and the subsequent merging of eastern and western minds, he could not have had the thought processes that created such a masterpiece.

i paste it below for those who wish to reflect on it.


IF.....


If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:

If you can dream - and not make dreams your master;
If you can think - and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools:

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: 'Hold on!'

If you can talk with crowds and keep your virtue,
' Or walk with Kings - nor lose the common touch,
if neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!




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Re: GOA - Buyer Beware!
 

Hello Everybody,

I agree with all you folks. It is pretty hazy right now, what stand the Government is going to take.
Everybody in the Bureaucracy in Goa realises , that equating the British Pensioner with a Russian Drug Lord is ridiculous.

I would however advise you to wait and watch. If your exit cost are low , keep your investment plans in abeyance.
Please do not, i repeat do not be carried away by some Smooth Operator who tells you that everything is possible.

Or if you really want to be certain, marry a Goan lass

Re: GOA - Buyer Beware!
 

Hi There Belmont,

Welcome to the forum.:thumbsup:
What you have said is sound advice. The estate agents, property developers and builders are all there to take the oportunity of making good money from unsuspecting and naive FNs.

I have made money mistakes in the past as im sure most of us have but hopefully threads like this will help prevent FNs from getting caught.
Also i would just like to add that there are even bigger property problems in Spain and recently Turkey, this problem isnt exclusive to India its just this is a Goa forum. It boils down to what Douglas said initially, 'Buyer Beware!'

Welcome Aboard,

Rregards,
Remy

Re: GOA - Buyer Beware!
 

Hi Belmont
B****r me. 2 in one day. Welcome to the front line.
Are you in Goa, are you Goan or FN or PIO?
Whatever all views are welcome especially when they honest and sensible.
Karma to you too.
Regards
Tony P

Re: GOA - Buyer Beware!
 

Hello Everybody,
Thank you Tony & Remy for the warm welcome.
I am in Goa, and part of the Real estate scene. That would make me an informed insider.No, I am not a FN.

Today having a Company registered in India, is not enough. You will also need to get a Clearance from the Home Ministry to prove your credentials. Am sure all you " Good Guys" out there, will over a period of time get the required Clearance to register your Property.It was a measure, purely designed to stop the Drug Money suspected to be finding its way into Goa.

In the interim, it is " Caveat Emptor"

Re: GOA - Buyer Beware!
 

Hi Belmont,

Your reassurance is comforting, but i feel unjustified.

Anyone who knows anything about india,knows that the russian maffia myth, foreigners being largely responsible for drug running, paedophilia , prostitution ,money laundering, aids, corruption etc is a nonsense.

India already had its homegrown manifestations of these human frailties, there is no vacuum to import into.

The issues are deeper and wider than that and i fear will not be resolved in my lifetime if at all.

regards
douglas

Re: GOA - Buyer Beware!
 

:eek::sneaky:
Hi Belmont! and welcome, in the Real Estate Scene! what do you think our chances are read www.indiamike.com. thread Foreign Owned Property Part 2
Page 11 thread 301. :curse: our situation.
Him indoors says "we have done all we can" stop worrying, but I really believe Douglas, one of us has to take their head out of the sand, one of us has to be realistic.

p.s. you can't be the other real estate company (my thread must have been deleted) you can spell.

Re: GOA - Buyer Beware!
 

:confused:Gud moaning !(or afternoon to you in Gaol ..sorry Goa)
There is an interesting but fair article in the Heralds edit section titled "Now what RBI?" (06 July)
This "may" help the cause or just delay the outcome at least !

Kevin (on the way to work:frown:)

Re: GOA - Buyer Beware!
 

Dear Noni,
I think you should not decide in a hurry for a start.
The New Administration is yet to take a call.

The Builders Lobby is trying its best to influence the Administration to allow Law Abiding Investors , who are well within the regulations of the FEMA to be allowed to buy, register and live in Peace.
It may take a little longer than anticipated.
But i advise against panic selling.

Re: GOA - Buyer Beware!
 

Hello All. I have been following the discussions on these forums regrding the right to own property in Goa for FN's. I myself am considering buying some property in Goa, and being a PIO I should hopefully not encounter any of the problems others have encountered. I have two questions for people on this forum - Is it not possible to sell the properties you bought to someone who does have the right to buy them or does your current predicament even stop resale of the property that you were sold? Also I really hope the government is doing something about the estate agents that missold the properties in the first place.

Second question is regarding the property market in Goa - I read in the economist this week that Indian Real Estate prices are starting to come down. Is this also the case in Goa? Is it the right time to buy in Goa or should one wait?

Re: GOA - Buyer Beware!
 

##


Hi Kev :rofl::rofl: on your way to work!!!
I had a glimmer of hope when posting the article "Now what RBI"
but our realistic friend soon brought me back down to earth.

Sorry Duggie :wub:#

p.s. Douglas are posts deleted which "British Expats" moderators don't like?

Re: GOA - Buyer Beware!
 

Hi KN,

Welcome to the site, as you say if you obtain a pio card there should be little problem in buying immovable property in india, but read my previous posts if you are considering buying of plan.

Regarding selling on of property, few FNs have actually bought ie signed a sales deed and registered it, but many think they have bought, there is an important difference.

For those who have legitimately bought and now wish to sell , the register is effectively closed, so they are currently frustrated, but that situation may ease with time.

For those who think they have bought but haven't, the freeholder/developer is still the registered owner, so the thinkers have nothing to sell.

The govt will do nothing about estate agents or developers, FNs should do their homework as they would at home and not behave so stupidly.

Property prices in india are driven by supply and demand as in all markets, the ability to pay being a major contributory factor. Central banks throughout the world have primed their economies with excess money supply and credit ( the ability to pay), the result being asset price inflation, including property.

This asset price inflation is a temporary market situation and will be resolved either by hyper inflation or deflation in order to destroy the excess, or maybe one followed by the other.

Having said that goan property is relatively cheap in both indian and worldwide terms so i feel the bubble will not burst just yet. However you must also budget for an extraordinary event like a major terrorist attack or an asian stockmarket or currency crisis or the unwinding of the yen carry trade , or the us subprime mortgage debacle, or the collapse of the us dollar etc which could change things overnight for all of us.

regards
douglas

Re: GOA - Buyer Beware!
 

[QUOTE=noni;5030144]##

Hi Noni,

Moderators can and do edit but i haven't experienced it on this site. Providing you are not being commercial, abusive , racist etc it shouldnt happen.

Have some of your little gems disappeared or been modified?

kind regards
douglas