<QUICK TAKE Is banning foreigners from buying land in Indian global centres such as Goa a feasible option? 21 March 2008 We asked... Rohtas Goel, Chairman and Managing Director, Omaxe; Ganesh Raj, National Leader, Real Estate Practice, Ernst & Young; Niranjan Hiranandani, Co-founder and Managing Director, Hiranandani Group; Pritam Chivukula, National Director, Colliers International; Sushant Nadkarni, Former Advocate General of Goa; Sunil Sardesai, practising architect in Goa; Tuhin Abhyankar, Analyst, Accenture, Australia; Jai Manvani, Ex-director, KPMG India; Remiz Cardoz, builder in Goa; Fitz D'silva, largest property holder in Goa; Bappaditya Basu, Associate Director, Retail Practice, Jones Lang LaSalle> http://www.businessworld.in/content/view/4077/4187 <YES BECAUSE: ..increasing level of illegal activities, such as drug trafficking, in Goa...NO BECAUSE..This could be a serious setback to the tourism industry in the long run...CAN'T SAY BECAUSE:..it should ensure that it does not lead to the creation of an asset bubble, which could put a strain on the economy. Individual foreign investments have caused market crashes in countries such as the US and Spain, whereas India has only benefited from them. But it might not always be so.>
