I have been following the above postings on the Goanet. Let me elaborate
what I know in point form.
1. Any foreigner who wants to buy property in Goa, cannot do so, u nless he
buys in the company name.
2. A couple friends of mine, both with British passports. She of Indian
origin with an OCI card, he a white British with a PIO card have bought a
place in Goa in her name. All very legal.
3. A lot of foreigners have bought places but not signed a 'sale deed' ,
but a 'lease' which means they are not the owners of the property, mainly
flats. These flats were sold by Catholic builders.
4. Those Goans/Indians having foreign passports have now to produce an OCI
card if they want to sell their ancestral property in Goa. This has come
into effect sometime last year.
5. There are a lot of unscruplous lawyers/builders who are taking people
for a ride.
6. Sometimes the titles are not clear especially in Form 1 to IV, and yet
sellers are selling properties to people. The buyers also are gulliable and
are not verifying the papers.
Most of my foreign friends have bought houses/flats legitimally.
Ana Maria de Souza-Goswami
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