hemingway

I was probably wrong about the copywirght thing - it was a couple of column inches tooked away in a corner on an inner page of the Times of India.

Hemingway.

Honey Bee

Hi,
in http://www.goanvoice.org.uk today, there are two articles of interest.
one Churchill on video saying he will oppose the decision against FN.
and another in the photo gallery - D. of E issues notices for foreigners where varna vikram will give you a free assessment of your case!

Honey Bee

to-day http://www.goanvoice.org.uk. "Foreigners, go home"

wheatsheaf

Gross Odiferous Anarchy

hemingway

Here's the link to a very pertinent letter from today's herald:

http://www.oheraldo.in/pagedetails.asp?nid=4949&cid=13

Hemingway.

a_f_d

Here is what seems to be a more accurate take on the DE situation

AndyD 8-)#

Honey Bee

Some light reading for a wet weekend.

http://www.goanvoice.org.uk

Foreign Investment in India Draft for comment

taking into account - Acquisition of immovable property.

Please read and let me know what it means to us, in plain English please

a_f_d

It is the consolidated document which includes FEMA and all Notifications and Orders issued by the RBI (re. FEMA). They usually issue the final version in July each year.
From a quick look it doesn't seem to be any different from last year as regards immovable property.

hth AndyD 8-)#

1s.cowell

Hi,
Friends of mine have been advised that they can leasehold a property in Goa via the UK on a "99 year lease"( Paperwork arranged in Goa and stamped by the High Court there)
Any advice from anyone out there regarding the validity/legality of this type of arrangement even allowing for the current situation ?

Thank you.

1s.cowell

enfield951

Does this mean that the 1999 FEMA regulations still apply ?
This document,seems to imply that the only a means foreigner can hold immoveable property is by inheritance ?
No mention of any other avenue save the business route,which unless you are running a legitimate business is liable to be exposed and penalised.
If so are presumably we are still OK if we have gone down,or indeed still go down the 183 day, in one financial year,residency route?
Hopefully once the dust clears we shall be able to register property again if
we have acted within the law.
Sorry to try and use you like a Barrister,but you are good at it .


Yours forever confused: confused:

a_f_d

Yes the Act still applies, this just consolidates related rules & regs.
"Foreign nationals of non-Indian origin resident outside India are not permitted to acquire any immovable property in India unless such property is acquired by way of inheritance from a person who was resident in India."
An avenue that afaik no-one has explored yet!
If you also meet the 'intention to stay' criteria then in theory you should be OK
we'll have to wait for a High Court decision on that!
OK that'll be Rs. 500/- for the back pocket please <bg>.

AndyD 8-)#

enfield951

Worth every rupee,thank you.
DD in the post.

Have a great day

Remy-Ireland

Hi All,

The British Governments Foreign & Commonwealth Office has this warning posted on their website regarding travelling to Goa.


Goa

The Government of Goa has strict rules governing the purchase of property in the state by non-Indian nationals. If the purchase is judge to violate local laws (including if you purchase whilst on a tourist visa), you are likely to lose all the money you have put into the purchase and may even face prosecution.

www.fco.gov.uk

http://www.fco.gov.uk/en/travelling-...-oceania/india

a_f_d

they always were bad at spelling - that should be:
may even face persecution.

AndyD 8-)#

MapsaMapsa

From Goan Voice UK - Excerpts:

Guardian Feature article - issue of 26 June 2008
Property clampdown is new cloud on horizon for Britons living Goan dream: Foreign homeowners without proper sale deeds may lose everything

26 Jun: The Guardian (UK). Foreign homeowners without proper sale deeds may lose everything…
the property clampdown and tightening of visa rules mean many are leaving for good…Goa has an estimated 3,000 long-term foreign residents…
Dayanand Narvekar, Goa's law minister, acknowledges that 99% of cases involving the British are simple purchases of apartments and says, “I personally feel we should take a sympathetic view and not touch these properties.”…
The panic has forced the British high commission to act…
Goa's British residents also feel that getting or renewing an Indian visa has become much more difficult…
There's a definite feeling in the expat community now that Goa has had its day…
1006 words.