Is there going to be a crackdown soon on all these non-trading or theoretical companies as there are appently hundreds which are being investigated This is on top of ensuring that you have all the correct paperwork and permissions for the property you are buying (recently 50 lakh house was demolished which was owned by foreigners despite desperate pleading by them)

Is there going to be a crackdown on British agents who are knowingly selling property that can not be legally owned?
Jo, as you know already, I wish you best of luck.

Thanks Fiona - 3 weeks and I shall find out I guess

Interesting article in the Independent today. They make it sound so easy!

http://money.independent.co.uk/property/homes/article2548618.ece

Candybabe

It looks like one big ad for the developers so they would, wouldn't they?

I liked the part that mensions how easy and secure it is for Europeans

'mentions' oops

£140 - 450 per week - My rent and alot more people I know pay that per month - hope my landlord don't read that article.

* Non-nationals need to reside in India for at least 182 days in the previous tax year in order to buy, or you can set up a company, which should cost no more than around £150. Naren Cox warns that some developers and solicitors are charging up to £1,500 to help buyers with this.

OK, i know that the 182day rule means that you can no longer buy on a tourist visa.....but i thought the company law had been tightened up as well?
ie.....you can no longer register a shell company but actually need to provide evidence with accounts that prove you're running a proper business and not abusing the spirit of the law?

So how are the developers helping people get around this, and is it legit?

As I am new I have not been able to post the website I wanted to but google "british expats" and go into discussion forums. In the "rest of the world" sub forum click onto the Goa heading and you will find lots of discussion and information about 182 day rules and everything else about buying in Goa - does not make good reading. Lots of unhappy people in the UK who have put a great amount of money into Goan property - not good news.

"Lots of unhappy people in the UK who have put a great amount of money into Goan property - not good news."

I can't see the point in buying property (unless you want to live there permanently). If you are well organised and have a few contacts you can rent long term and not have the burden of the 'red-tape'. Also who knows the future of the Calangute or North Goa area, it's already getting over populated so I would imagine the Government are going to create more problems (tax etc) for westerners.

Cheap property deals will always be an attraction. Beware!

http://oheraldo.in/node/25311

Would like to know if anyone has bought an apartment / villa from Acron India (INVALID URL in Goa.

What was your buying experience / difficulties faced / legal issues / payment installments & overall comfort level when dealing with them and how satisfied are you with the finished product.

Acron is showcasing their properties at various exhibitions throughout this year in London.

Any information would be appreciated. Thanks in advance.

on the site http://britishexpats.com/forum/forumdisplay.php?f=94 there are pages and pages about Acron and buying property in Goa which everyone who is thinking of buying property should read.
This will take you to the discussion topics - at the moment Acron is about 5th down the list.

Thanks for the link. I found some good information in that site... cheers!

yes- it is well worth reading!

good morning everyone.

although we've been to Goa several times always to the South. Its not until we've recently got back home that my wife has expressed that she'd maybe like us to move over there to live or maybe just buy a place to return to 3/4 times a year , ( she's undecided ).

So I thought I'd ask the good people on here if they can supply any reputable contacts or give their experiences to us. Any help no matter how small would be gratefully appreciated.

In the mean time we wish everyone well .

Thank - you all

Hi, you may find this site of interest/use

http://britishexpats.com/forum/forumdisplay.php?f=94

lots of information in respect to buying and moving to Goa from people who have experience.

You took the words right out of my mouth.

to be very blunt- DO NOT BUY IN GOA UNLESS YOU ARE PREPARED TO TAKE THE RISK OF LOSING EVERYTHING.
It is illegal for a foreigner to own property in Goa unless you are resident in India. To fulfill that requirement you have to be resident for more than 182 days in the previous year.And even if you want to do that, you will find it difficult to do visa wise. Please be aware that I am not referring to NIOs or PIOs.I really am not able to advise if you are in one of those two categories. Many people are now beside themselves with worry over their house. Look at the various websites, particularly the one above(and this thread in particular )I know a lot of people have bought but the RBI has never said anything other than it is illegal.If that is enforced a lot of people are going to be devastated. I have done a lot of research as we looked at buying for investment purposes. Too many agents are economical with the truth. The reputable ones will refuse to sell to anyone other than big investors who are made well aware that it is a gamble and they COULD make a lot of money- but they could lose it all.
Why not rent long term- very cheap to do and a lot less worry.

You can lease a property for up to 5 years.