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-   -   GOA - Buyer Beware! (https://britishexpats.com/forum/goa-170/goa-buyer-beware-435930/)

Saveyourbreath Feb 28th 2008 4:04 am

Re: GOA - Buyer Beware!
 
Sorry to hear about your case. Please if any more viewers are reading these posts and want to help others from loosing their money, causing incredible stress and wasting years of their lives, PLEASE come forward with your comments and experiences.

It is such a shame because I feel many of the early investors/so called buyers did so because of a real love of Goa, rather than for just profit. Conclusion has to be why the hell do you want to live/invest/contribute to a country that clearly does not want you. The tourist industry is suffering with a down turn in numbers. In a nutshell the place is so corrupt from immigration officials, police, down to rip off taxi drivers, accountants, lawyers, bank managers. It goes right to the core. On top of that Goa is now in a disgusting state. Garbage everywhere. Nothing is being invested to encourage tourism.
The Russians have arrived in force. Now the Indians will have their match!!

Remy-Ireland Feb 28th 2008 4:57 am

Re: GOA - Buyer Beware!
 

Originally Posted by sup (Post 5994863)
Hi everyone, I have just joined today as I didn't know you existed. I have also spent some considerable time reading this thread and I have to say I wish I knew all of this back in 2005 when I agreed to 'buy' my property in South Goa. My husbnand and I thought we were buying a property, with the dream of retiring there one day. In fact all the documentation states 'purchase' price. I have paid all the money, stamp and tax duties, maintenance fees and purchased the furniture and now I find that in 4 years time I will loose it all. I am almost grateful that my husband passed away so that he can't see what has happened. All of the problems, snags and blockages contained in these pages have proved to be true. And yet we are still being given the advice by advocates that there will be 'changes in the law' or 'ways around it'. I have been posting on the Eye On Worldwide site for some while and you wouldn't believe how many people think it will all be OK. It is just begining to dawn that we have been royally ripped off. I wish I could find some way of getting out of it with at least some of my money back but I guess I am one of the ones who got burnt! The builder is a crook and a bully and has openly stated that he will not be renewing the leases. The selling agents have sunk without trace so ther is no comeback on them. I intend to continue to use the place for the reamaining four years of my lease and then sell off what I can and never go back. Having said all of this you can't really blame us, we applied UK standards of behaviour to a so called 'advancing' country. The have certainly advanced their skills in the con artist trade. I sincerely hope that the goans wake up one day soon and realise that they are killing the golden goose but thats the rose tinted glasses talking.
Best regards and good luck,
SuP


Hi Sup and All,

This is exactly what Douglas was also warning us about many months ago. Paying freehold prices for properties that you will never own and running the risk that the lease may or may not be renewed. The developers and estate agents have been telling Foreign Nationals for years that this is the safest and most full proof way to purchase property in Goa....now we are seeing that this is not so........this does appear to be a very sinister development and should be a very stark warning to all would be purchasers.

Thankyou Sup for sharing this with us and welcome to the forum.

Regards,
Remy

camelo Feb 28th 2008 5:22 am

Re: GOA - Buyer Beware!
 
hi saveyourbreath,
well said mate,goa going down the drain,for the simple reason,that culture and modern life is well advanced than theirs,they not open mind.for me i´m in the queue with crossing fingers,but the difference is i live in brasil now(thought to retire in goa) ,better life,than goa and their fake smile,just because you have the money,nothing else.i use to go to goa for the last 15 years,twice at least a year,i know goa and their people,believe me guys,you waisting your money,like we did,unfortunately,please don´t be silly buying something you don´t own,nor now or in future.i bought a property since 2001,i know will be no miracle for us fn´s to save our dream retirement homes,please if anyone reading this thread,just keep your money and go elsewhere where you are wanted,not just for your money,don´t get me wrong,they are few good people out there.but you need a torche.
good luck to all,and hope the goan government do wake up one day,and realise they have nothing to do like in the sixties,apart picking up cocunuts.
best to all again.

wheatsheaf Feb 28th 2008 5:50 am

Re: GOA - Buyer Beware!
 

Originally Posted by camelo (Post 5995429)
hi saveyourbreath,
well said mate,goa going down the drain,for the simple reason,that culture and modern life is well advanced than theirs,they not open mind.for me i´m in the queue with crossing fingers,but the difference is i live in brasil now(thought to retire in goa) ,better life,than goa and their fake smile,just because you have the money,nothing else.i use to go to goa for the last 15 years,twice at least a year,i know goa and their people,believe me guys,you waisting your money,like we did,unfortunately,please don´t be silly buying something you don´t own,nor now or in future.i bought a property since 2001,i know will be no miracle for us fn´s to save our dream retirement homes,please if anyone reading this thread,just keep your money and go elsewhere where you are wanted,not just for your money,don´t get me wrong,they are few good people out there.but you need a torche.
good luck to all,and hope the goan government do wake up one day,and realise they have nothing to do like in the sixties,apart picking up cocunuts.
best to all again.

Has anyone on this forum come across a local Goan (those who claim to be) who is doing something, anything, to help the foreign purchasers rectify this unbelievable situation? There has to be some folk there who are seriously ashamed by this. Whatsmore, if investors can be shafted like this, at some point joe goan will be next in line to be fleeced by the bullies. If none exist, then there has to be some international law which can be applied here because it is on such a massive scale.

LINEMAN Feb 28th 2008 7:04 am

Re: GOA - Buyer Beware!
 
Hi Remy,Noni and everyone,
Spot on Remy, Douglas predicted this a long time
ago, and how right he was. As you say a very nasty development. The
rolling lease, or just lease way, as we now know of "buying" was always
going to be open to manipulation by those builders/developers that are
on the dodgey side.

regards to all lineman.

roryadcock Feb 28th 2008 7:38 am

Re: GOA - Buyer Beware!
 
hello saveyourbreath
when you say stress do you mean panic attacks anxiety and now i ave globus another byproduct of stress from this whole situ of buyin in goa which i was warned not to do in 1997 but in 2005 the salesmen got the better of me ,do you mean that stress cheers

noni Feb 28th 2008 3:00 pm

Re: GOA - Buyer Beware!
 

Originally Posted by roryadcock (Post 5996021)
hello saveyourbreath
when you say stress do you mean panic attacks anxiety and now i ave globus another byproduct of stress from this whole situ of buyin in goa which i was warned not to do in 1997 but in 2005 the salesmen got the better of me ,do you mean that stress cheers


Hi All - welcome to the site you newbies. Sorry to hear your sad stories.
Yep rory we all get panic attacks, anxiety, depression etc.
To-day I am thinking why have we tried to warn people all the time and nobody takes any notice - we have saved a few intelligent ones with our campaign. Wish Douglas would give us his thoughts again - how many will admit he was not doom and gloom but CORRECT.

We have registered - but still in the mire. and can't resell - although not bought for investment just for the family and peaceful existance :rofl:

Rolling Leases NO NO :curse:
KEEP YOUR MONEY IN YOUR POCKET
Limited Compan NO NO :curse:

enfield951 Mar 2nd 2008 11:38 am

Re: GOA - Buyer Beware!
 
Can we get this tremendously popular and relevant thread over the 1000
replies mark,only 3 more to go ?
All seems to have gone very quiet on the Dept. of Enforcement front regarding the 400+ cases,has anyone heard anything lately ?

r.i.p goans Mar 3rd 2008 7:58 am

Re: GOA - Buyer Beware!
 
Hi enfield,
I did'nt get one yet ,but then again it wouldnt suprise me
if they tried to call me up to mumbai..even tho they
refused my entry !!:curse:
regards rip
ps do u win a free holiday to goa if your the 1000 poster :rofl:

rula Mar 3rd 2008 4:14 pm

Re: GOA - Buyer Beware!
 

Originally Posted by r.i.p goans (Post 6012419)
Hi enfield,
I did'nt get one yet ,but then again it wouldnt suprise me
if they tried to call me up to mumbai..even tho they
refused my entry !!:curse:
regards rip
ps do u win a free holiday to goa if your the 1000 poster :rofl:

:thumbsup: dO i WIN THE FREE HOLIDAY.

Nothing to report on the D of E front from my immediate neighbours, but friends have been called to Panjim - no official turned up - and people have been called to Mumbai and it has taken an official three days to attend all adding to the cost and stress. They are still none the wiser :thumbdown:

a_f_d Mar 3rd 2008 6:57 pm

Re: GOA - Buyer Beware!
 
Ho folks,
what have I missed? - what is this "very nasty development"?

SuP - do you have an Agreement of Sale as well as a lease?
- if so and you are in occupation of the property then Indian law says you are secure, no-one can take it off you.

AndyD 8-)#

rula Mar 4th 2008 12:06 am

Re: GOA - Buyer Beware!
 
:thumbdown::wub::thumbdown:

Originally Posted by a_f_d (Post 6014116)
Ho folks,
what have I missed? - what is this "very nasty development"?

SuP - do you have an Agreement of Sale as well as a lease?
- if so and you are in occupation of the property then Indian law says you are secure, no-one can take it off you.

AndyD 8-)#

Andy does this mean that we who have had our properties registered and in occupation of them - that the Indian government will not take it off us.
What will happen if they refuse us entry like they have done to friends:thumbdown:
:thumbdown:

sup Mar 5th 2008 7:21 pm

Re: GOA - Buyer Beware!
 
Hi a_f_d,
Sadly I do not have a sale agreement as far as I can see. My lease agreement states that I have the right to buy but as we all know the rules regarding FNs purchasing anything change almost daily. I have one document that mentions me owing the builder money for the 'sale' of my flat and that is all. My lease agreement also states that an association will be formed by the residents, to which I will have to pay money for electricity, rubbish disposal etc. So far the builder has not given over the documents to facilitate this happening (surprise surprise). I have been told that the association (as yet unformed) could hold the deeds on my behalf!! I have been advised to form a company that could purchase the flat for me but the advocated keeps dragging his heels over that one (surprise again) and I am still waiting for the correct forms to be approved. Mind you that doesn't mean much either as I have many friends that have a business and still can't purchase their deeds. The latest one is that you should invite 2 Goans to be directors of your company and they can get the deeds for you. They then resign. Like that's going to happen!!!!:confused:
I give up with all of it. I will not be spending any more of my hard earnt cash on something with no future. Its turned out to be the most expensive series of holidays ever.
Regards to all,
SuP

noni Mar 5th 2008 10:58 pm

Re: GOA - Buyer Beware!
 

Originally Posted by sup (Post 6024682)
Hi a_f_d,
Sadly I do not have a sale agreement as far as I can see. My lease agreement states that I have the right to buy but as we all know the rules regarding FNs purchasing anything change almost daily. I have one document that mentions me owing the builder money for the 'sale' of my flat and that is all. My lease agreement also states that an association will be formed by the residents, to which I will have to pay money for electricity, rubbish disposal etc. So far the builder has not given over the documents to facilitate this happening (surprise surprise). I have been told that the association (as yet unformed) could hold the deeds on my behalf!! I have been advised to form a company that could purchase the flat for me but the advocated keeps dragging his heels over that one (surprise again) and I am still waiting for the correct forms to be approved. Mind you that doesn't mean much either as I have many friends that have a business and still can't purchase their deeds. The latest one is that you should invite 2 Goans to be directors of your company and they can get the deeds for you. They then resign. Like that's going to happen!!!!:confused:
I give up with all of it. I will not be spending any more of my hard earnt cash on something with no future. Its turned out to be the most expensive series of holidays ever.
Regards to all,
SuP

:curse: Hi sup, So sorry for you, just wish that people would listen to our experiences and learn - but then a *fool and their money are soon parted* just wish we knew what we do now in 2001.
Does this mean that you are now unable to use your property?
Who did you purchase from?

The only one I know who have been upfront and given FN's their money back
are Regal Builders. and that is to their credit, but there are not many around like that

Anyway welcome to the site, it helps to have a good moan and a 'noffi or two..
;);)

sup Mar 6th 2008 7:17 am

Re: GOA - Buyer Beware!
 
Hi Noni, I can still use the apartment until the lease runs out in 2012. However as there are very few basic facilities like rubbish bins, because the society has still not been formed, I would not dare let anyone else use it. I also have no intention of decorating or putting in nice fixtures for obvious reasons. Because I only have a lease I am unable to let it to anyone to holiday in which means that I do not even have enough income from it to cover costs. The other thing is that none of the FN's leasing are renting out so the local community is not getting any income, the hotels in the area are mainly AI so very few people are using the local eateries and the people who live there cook for themselves. Wake up Goa, you are driving out your hoped for income.
I will mail you privately with the answers to your other questions as some of the builders are getting wise to these sites and joining up to see what we are saying about them. No names - no pack drill!!
Best reagrds
SuP


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