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. > > Many Goan NRI's would be interested in investing in Goa, without going > through the hassles of property maintenance. This would be a more > preferred route. > > * REIT will buy and maintain old Goan properties and then earn a income > by leasing this places. > * Buy large plots and sell them to Goans by dividing in small lots of > 250 sq.m (or similar) with marginal profits, cutting out the builders. > This will help the Goan aam aadmi.
RESPONSE: Caveat emptor:- Please read the following ............ http://www.bloomberg.com/apps/news?pid=20601087&sid=aPm0gEaUR6SM&refer=home -- DEV BOREM KORUM. Gabe Menezes. London.
