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Re: GOA - Buyer Beware!
Originally Posted by karlq
(Post 4702577)
well ive got freinds who have done it,in the last 8 months yes got there deeds ,residency,mutation,ect,do it the proper way,instead of ducking and diving,no problems. too many people trying to set up ltd companys ,no chance,so who,s kidding who ,cant do it in the u.k. i love goa ,nothing will change my mind ,do it le git,in stead of trying to make a quick ,greedy buck out of a lovely place. you wont kid the indians,just accsept its their co:) untry not ours
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Re: GOA - Buyer Beware!
Originally Posted by annabella
(Post 5366035)
But according to the very sound advice given by the two experienced about Goa posters above, there is NO "legit" way to do it if you are not of Indian nationality. It's a question of "buyer beware",
Hi Annabella and welcome. All I can say is let Karlq come back to us when his friends are investigated as we have nothing to hide - all they can get any of us on is "intention to stay" and they can twist that anyway to suit themselves. Nobody could have done it "more correctly" - but then we did not know the :curse::curse::curse: were not allowed to sell the FN. Thanks for your support. noni |
Re: GOA - Buyer Beware!
Originally Posted by noni
(Post 5367227)
Hi Annabella and welcome.
All I can say is let Karlq come back to us when his friends are investigated as we have nothing to hide - all they can get any of us on is "intention to stay" and they can twist that anyway to suit themselves. Nobody could have done it "more correctly" - but then we did not know the :curse::curse::curse: were not allowed to sell the FN. Thanks for your support. noni Please answer this silly question. Given the amount of available property in Goa and the selling to non-Indian restrictions, it must be pretty easy to rent at a reasonable price. So, given all that, why don't you all rent property instead of going the risky route of buying? Were you all treating purchase as an investment? I had been interested in visiting Goa and having a look at property to purchase but am now deterred. annabella |
Re: GOA - Buyer Beware!
Originally Posted by annabella
(Post 5368219)
Noni,
Please answer this silly question. Given the amount of available property in Goa and the selling to non-Indian restrictions, it must be pretty easy to rent at a reasonable price. So, given all that, why don't you all rent property instead of going the risky route of buying? Were you all treating purchase as an investment? I had been interested in visiting Goa and having a look at property to purchase but am now deterred. annabella Hi Annabella, Not a silly question at all - but some of us are trapped into a situation which years ago we did not know about. This is why we are trying to inform others not to follow down our route and rent. For what it is worth - at least we have our Deeds Registered, the Acron people I worry about as theirs is on a lease, and as you can see from a letter from the RBI you can only lease for 5 years. Will they allow them to lease for a further 5 years? or will the Government move the goal posts again. It is all very worrying. We had been going to Goa since the early 90's and loved the place, two holidays a year. Then in 2000 we signed a Sale Agreement for our Apartment and acquired the final deeds Registered in 2005, after doing the 182 days in the previous financial year. At that point in time there was nothing being said about not being able to purchase. We had as it was then, done everything by the book. Right 5 year x visa, monies transferred via banking system, 182 days + etc. etc. and then this January we were hand delivered a letter from the Directorate of Enforcement asking so many questions, we all had to instructed an Advocate. and cost £100. My letter from them is on www.indian.mike.com thread Foreign owned property in Goa Part 1 page 11 thread 301. Everything you see in this letter from the D of E had to be done in triplicate with three files made out by ourselves, the running around, photocopies, having deeds authenticated took days passports in triplicate every page, pink residency book every page even the blank ones - well you know how it is out there. This was in January, and we were given 15 days to do this. Our Advocate has told us that the D of E has started from Registration 2005 (last time anybody FN could register) and they are working back through everybodies files. We contact our Advocate a few weeks ago, and he says the only thing he has received from the D of E is acknowledgement of our files. I don't honestly believe if they clear us, they will give us the courtesy of a clearance letter. Anyway God help the others who have done it with the wrong visa's or via the false company route. Please pm me if you need any more. I am looking forward to going back in November and enjoying the sun, sea and the 'noffi and meeting up with all my "invisible friends" Do join us for the Xmas bash if you are in Goa. :thumbup: This property was bought for my children and grandchild to enjoy after my days, the Goa which we loved, not as an investment to make money. Regards Noni |
Re: GOA - Buyer Beware!
Originally Posted by annabella
(Post 5368219)
Noni,
Please answer this silly question. Given the amount of available property in Goa and the selling to non-Indian restrictions, it must be pretty easy to rent at a reasonable price. So, given all that, why don't you all rent property instead of going the risky route of buying? Were you all treating purchase as an investment? I had been interested in visiting Goa and having a look at property to purchase but am now deterred. annabella If i may add my tuppence worth here, Most FNs buy property there not as an investment but as a retirement/holiday home. Pre-August 2006 this wasnt a problem and 5 year x-visas were ready available. Many FNs like Noni and Douglas bought and registered their properties and obtained title deeds. Post Aug 2006, the rules became far more stringent because of the Russian Mafia landgrabbing all over Goa. 5 year x visas are no more and the rules on property and land purchase have been really tightened. It use to be, that to become resident all you needed to do was complete 183 days in a fiscal year now they are insisting that you prove 'intention to stay' ie. work etc and doing the 183 days is no longer enough. They dont want retirees apparently and they are insisting that retirees should spend their retirement in their Home Countries. If FNs who had bought Pre Aug 06 had forseen the change then they probably would not have purchased in Goa but went elsewhere or like you suggested rent instead. Any FNs that buy there now(post aug 06) are IMHO not making a good decision. Also Goa is not the place to invest in as you cannot repatriate capital gains. For investing look at Malaysia, Cape Verde or parts of Eastern Europe but not Goa. Most people that have bought there have done so because they like the culture and the way of life but not as an investment. It is a real case of 'Buyer Beware' and 'you pays your money and takes your chances.' Regards, Remy |
Re: GOA - Buyer Beware!
Originally Posted by Remy-Ireland
(Post 5368328)
Hi Annabella ,
If i may add my tuppence worth here, Most FNs buy property there not as an investment but as a retirement/holiday home. Pre-August 2006 this wasnt a problem and 5 year x-visas were ready available. Many FNs like Noni and Douglas bought and registered their properties and obtained title deeds. Post Aug 2006, the rules became far more stringent because of the Russian Mafia landgrabbing all over Goa. 5 year x visas are no more and the rules on property and land purchase have been really tightened. It use to be, that to become resident all you needed to do was complete 183 days in a fiscal year now they are insisting that you prove 'intention to stay' ie. work etc and doing the 183 days is no longer enough. They dont want retirees apparently and they are insisting that retirees should spend their retirement in their Home Countries. If FNs who had bought Pre Aug 06 had forseen the change then they probably would not have purchased in Goa but went elsewhere or like you suggested rent instead. Any FNs that buy there now(post aug 06) are IMHO not making a good decision. Also Goa is not the place to invest in as you cannot repatriate capital gains. For investing look at Malaysia, Cape Verde or parts of Eastern Europe but not Goa. Most people that have bought there have done so because they like the culture and the way of life but not as an investment. It is a real case of 'Buyer Beware' and 'you pays your money and takes your chances.' Regards, Remy :wub: :wub: :beer: :rofl: :rofl: :beer: :rofl: Looking forward to December. My new avatar is so that you will recognise me immediately :wub: Noni |
Re: GOA - Buyer Beware!
Originally Posted by noni
(Post 5368321)
Hi Annabella,
Not a silly question at all - but some of us are trapped into a situation which years ago we did not know about. This is why we are trying to inform others not to follow down our route and rent. For what it is worth - at least we have our Deeds Registered, the Acron people I worry about as theirs is on a lease, and as you can see from a letter from the RBI you can only lease for 5 years. Will they allow them to lease for a further 5 years? or will the Government move the goal posts again. It is all very worrying. We had been going to Goa since the early 90's and loved the place, two holidays a year. Then in 2000 we signed a Sale Agreement for our Apartment and acquired the final deeds Registered in 2005, after doing the 182 days in the previous financial year. At that point in time there was nothing being said about not being able to purchase. We had as it was then, done everything by the book. Right 5 year x visa, monies transferred via banking system, 182 days + etc. etc. and then this January we were hand delivered a letter from the Directorate of Enforcement asking so many questions, we all had to instructed an Advocate. and cost £100. My letter from them is on www.indian.mike.com thread Foreign owned property in Goa Part 1 page 11 thread 301. Everything you see in this letter from the D of E had to be done in triplicate with three files made out by ourselves, the running around, photocopies, having deeds authenticated took days passports in triplicate every page, pink residency book every page even the blank ones - well you know how it is out there. This was in January, and we were given 15 days to do this. Our Advocate has told us that the D of E has started from Registration 2005 (last time anybody FN could register) and they are working back through everybodies files. We contact our Advocate a few weeks ago, and he says the only thing he has received from the D of E is acknowledgement of our files. I don't honestly believe if they clear us, they will give us the courtesy of a clearance letter. Anyway God help the others who have done it with the wrong visa's or via the false company route. Please pm me if you need any more. I am looking forward to going back in November and enjoying the sun, sea and the 'noffi and meeting up with all my "invisible friends" Do join us for the Xmas bash if you are in Goa. :thumbup: This property was bought for my children and grandchild to enjoy after my days, the Goa which we loved, not as an investment to make money. Regards Noni Annabella |
Re: GOA - Buyer Beware!
Originally Posted by annabella
(Post 5368455)
Noni, thank you. I really appreciate the time you have taken to go into the details and when I have a quiet mo will read and digest thoroughly and probably get back to you. The current situation must be very preoccupying for you. I do sympathise.
Annabella a |
Re: GOA - Buyer Beware!
Originally Posted by Remy-Ireland
(Post 5368328)
Hi Annabella ,
If i may add my tuppence worth here, Most FNs buy property there not as an investment but as a retirement/holiday home. Pre-August 2006 this wasnt a problem and 5 year x-visas were ready available. Many FNs like Noni and Douglas bought and registered their properties and obtained title deeds. Post Aug 2006, the rules became far more stringent because of the Russian Mafia landgrabbing all over Goa. 5 year x visas are no more and the rules on property and land purchase have been really tightened. It use to be, that to become resident all you needed to do was complete 183 days in a fiscal year now they are insisting that you prove 'intention to stay' ie. work etc and doing the 183 days is no longer enough. They dont want retirees apparently and they are insisting that retirees should spend their retirement in their Home Countries. If FNs who had bought Pre Aug 06 had forseen the change then they probably would not have purchased in Goa but went elsewhere or like you suggested rent instead. Any FNs that buy there now(post aug 06) are IMHO not making a good decision. Also Goa is not the place to invest in as you cannot repatriate capital gains. For investing look at Malaysia, Cape Verde or parts of Eastern Europe but not Goa. Most people that have bought there have done so because they like the culture and the way of life but not as an investment. It is a real case of 'Buyer Beware' and 'you pays your money and takes your chances.' Regards, Remy Good luck! |
Re: GOA - Buyer Beware!
Originally Posted by noni
(Post 5368434)
Hi Remy,
:wub: :wub: :beer: :rofl: :rofl: :beer: :rofl: Looking forward to December. My new avatar is so that you will recognise me immediately :wub: Noni Yes, Dec will soon be upon us........cant wait. Bring your cocktail book with you. Judging by your avatar you have one of them instantly recognisable faces.:rofl: :wub: Remy |
Re: GOA - Buyer Beware!
Originally Posted by annabella
(Post 5368475)
Thanks to you too Remy. All is now clear. "They" have moved the goal posts. What a big disappointment. No, not looking for investment at all. Too much trouble at my age. Have family in Bangalore and Goa seemed a good place to be from time to time. Have heard so much about it and visualised myself flitting along the beach in something unsuitable for my age with a flower behind an ear. (The one without the hearing aid!) (I had heard there are a lot of now old "hippies" who have stayed on there since the 70s). Ownership is great but it is still an obligation.
Good luck! Hi Annabella, You have family in Bangalore? Are you of Indian Origin by any chance? If you are then buying in Goa will be easy for you. Yes, you do come across some old hippies who have stayed in Goa (illegally) since the seventies. When i was at Palolem in the early 90s there were some old timers living in the caves there like neanderthals,(pretty cool). The air was pretty heavy with marijuana at times too.:eek: Regards, Remy |
Re: GOA - Buyer Beware!
Originally Posted by Remy-Ireland
(Post 5368501)
Hi Annabella,
You have family in Bangalore? Are you of Indian Origin by any chance? If you are then buying in Goa will be easy for you. Yes, you do come across some old hippies who have stayed in Goa (illegally) since the seventies. When i was at Palolem in the early 90s there were some old timers living in the caves there like neanderthals,(pretty cool). The air was pretty heavy with marijuana at times too.:eek: Regards, Remy I thought we were friends, How can you call me an old hippie, no I Have never lived in caves, but have been offered bangh or marijuana for the first time in all lllllllllllllllllllll my many advanced years in Arambol at the salt! lake. and Wales lost!! |
Re: GOA - Buyer Beware!
Originally Posted by noni
(Post 5368584)
##~Remy dearest,
I thought we were friends, How can you call me an old hippie, no I Have never lived in caves, but have been offered bangh or marijuana for the first time in all lllllllllllllllllllll my many advanced years in Arambol at the salt! lake. and Wales lost!! How can a young thing like you be a 70s hippie? I was referring to John Lennons mates who are still in Goa looking for him. Had'nt the heart to tell them what happened to him and i think they would be too stoned to take it in.:ohmy: Regards, Remy |
Re: GOA - Buyer Beware!
Originally Posted by Remy-Ireland
(Post 5368608)
Now Noni,
How can a young thing like you be a 70s hippie? I was referring to John Lennons mates who are still in Goa looking for him. Had'nt the heart to tell them what happened to him and i think they would be too stoned to take it in.:ohmy: Regards, Remy what was it the old comedy star said !Oh!!!!!! you are a one xx |
Re: GOA - Buyer Beware!
Originally Posted by Remy-Ireland
(Post 5368501)
Hi Annabella,
You have family in Bangalore? Are you of Indian Origin by any chance? If you are then buying in Goa will be easy for you. Yes, you do come across some old hippies who have stayed in Goa (illegally) since the seventies. When i was at Palolem in the early 90s there were some old timers living in the caves there like neanderthals,(pretty cool). The air was pretty heavy with marijuana at times too.:eek: Regards, Remy By they way Noni, we have to come to an arrangement....you're stealing my lines! a |
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