2008/8/7 Rishi <[EMAIL PROTECTED]>: > I think some Goan bank needs to take initiative on this.. > > Many people are arguing on how one should not sell your properties while > others are arguing for it. If you look at the Twinkle Khanna case, not > only are Goans selling their properties, they are not even making much > money out of it. Brokers seem to be profiting more than the sellers > themselves. I think best way to deal with this issue is to have a REIT > in Goa, with Goan investors from all over the world. This would be a > more professional way to deal with issues Goans are having with housing. > > REIT (or Real Estate Investment Trust) are similar to mutual funds which > used to invest in real estate.
There are several Real Esstate companies, which if you invest it you can use for your pension pot with tax benefits. Check the footsie: British Land, Land securities and more. The Govt of Goa would have to grant tax free status for gains of shares in the R.E.I.T's -- DEV BOREM KORUM. Gabe Menezes. London.
