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FAQ 1.How about the legal side of the purchase? It is up to the purchasers to make sure that they qualify under the Indian law to buy property in Goa.We will enable you in every way we can by putting you in touch with a dedicated Goan office with a Charted Accountant and Company Secretary who deal with Goan property buyers and who can advise you in detail. 2. Investment potential in Goa? The
prices in the past couple years have risen dramatically, and as
India as a whole is one of the worlds fastest growing economies,
there seems to be no reason why the present trend should not continue. In the past 3 years prices
have doubled. Goan land prices are rising rapidly,and so is the
cost of building materials in India as a whole, pushing up the price
of future developments. 3. What’s in the price? The price is fixed in IRs/Indian Rupees, and are fixed at the reservation stage, but payments to Goa are naturally liable to exchange rate fluctuation. The sterling price given and the consequent 10 % reservation payment is fixed on the prevailing exchange rate at the time of going to the web. The
property comes fully tiled and painted. The bathrooms come fitted
with WC, washbasin and shower. Bath tubs are extra. The Kitchen
comes with a worktop, sink and taps. Other Kitchen cupboards and
equipment are extra, and you can generally participate in design.
Air conditioning and Ceiling fans, water purifier etc. are extra
unless otherwise stated. Hot water heaters extra. 4. Payment plan for off plan properties? Most commonly: 10 % initial reservation deposit,which takes the property off the market (non-refundable, but if the purchaser goes ahead with the sale, constitutes 10% of the total payable) payable in sterling in UK then, depending on how far the construction has progressed, most commonly: 30 % on signing of Contract, commonly some 4-5 weeks later 25 % at the foundation level of the building 25 % at the roof level of the building 10 % at completion 5. Will I get a contract? You will be provided with a Contract by the builder, which for example gives details of the plot with drawings and its clean title and planning permissions, exact size of the proposed property, agreed price in Indian Rupees, building materials, time table and payment plan structure, and all other specifications on the property itself such as building materials, down to how many power points there are, and mutual obligations, as well as agreements regarding the maintenance of the property and landscaping etc. after construction has been completed. 6. How to get to Goa? Most buyers choose a package tour as they often work out more convenient and inexpensive, especially when you don’t yet own your own property.It is also possible to get regular flights all year round to Mumbai (Bombay) and take a connecting flight to Goa. Most nationalities require an Indian VISA to enter Goa. See Section Related Links. All travel information is for information only. We don’t recommend or endorse any particular company. 7.Weather/ climate in Goa? The temperature in Goa is warm all year round. You do not need to bring warm clothing. The main tourist season starts at the end of October and continues till the end of April. June, July and August are the monsoon months, when the sea and swimming pools are not accessible. 8. What about Health issues and vaccinations? Most good travel agencies offer advice about health related issues. A number of vaccinations are recommended, as well as malaria medication. Consult your medical advice's.Many medicines, including malaria tablets are readily available in Goa for very small cost. You may want to bring your own sun lotions and insect repellent (recommended). As in traveling anywhere in the world, travel insurance is a must. For more information about health and safety and vaccinations, please take a look at some of the web sites indicated on our Related Links Page. 9. Do I need a Visa? You will need a tourist visa to visit India. Those forming a Company should when ever possible try to obtain a business visa. See Relevant Links Page for Indian Visa services. Tourism visa application are generally straight forward. Some holiday companies, see Related Links section, maybe able to arrange it for you for an additional fee for your convenience.You are advised to examine all VISA requirements and conditions in detail, and consult the relevant websites. When buying property you should when ever able, travel on a business Visa.
You need to allow for the following (subject to change according to Goan government) 2 % stamp duty (subject to change) 2 % registration fee of the property Legal fees: lawyers around £200- £600 for setting up a company and related issues, please get in touch with local advocates for further details. We can provide contact details of independent advisers. . Maintenance cost, often depending on the size of your property, around £180 -£300 per annum, often payable as a lump sum for the first 5 years Setting up the owners company for the freehold, around £350 Air conditioning is extra and depends on the size of the property ;on average property about £250-350 per room. Ceiling fans are occasionally provided as standard, and some owners find them to be adequate:check what is included in the chosen property. Most properties have the electrical connection ready, the cost of a ceiling fan is around £15. Water heaters, geysers,are extra and depends on the number of bathrooms, each costing around £100 fitted . The property comes with a basic kitchen with a work top, washbasin and tap. To equip a larger property with additional units, fridge and cooker will cost around £2000 Water purifiers around £80-£100 fitted; well worth the cost as saves in bottled water and avoids adding to the usage of plastic bottles. Furnishings to owners own standard, or we can also provide a furniture pack; see this website page "Furniture service"; please get in touch for further details. 11.What is the difference between North and South Goa? North Goa is well established as a package holiday destination with numerous hotels and busy shopping lanes, colorful markets and sun lounge laden beaches, especially in the Calangute and Baga area. The beaches in the north tip of Goa, a taxi drive away, are more peaceful. Central and South Goa are quieter and less touristy, and one can find many long stretches of quiet beaches. Property wise the central areas are still cheaper due to cheaper land prices, so for the price of a 2 bed roomed apartment in the north you may well find a 3 bedroom detached house in the South. Useful reading, Lonely Planet Guide to GOA, www.lonelyplanet.com 12.Property Viewing? We can arrange to meet you and take your to see the development according to your stated budget and location. It is advisable, and very important during the high season from November to April, that you will make arrangements for viewing before you leave for Goa, giving details of dates and where you are staying, as well as what kind of Budget you have, so we can make the viewings appropriately for you. All viewing appointment must be re-confirmed with our representative in Goa the day before the agreed appointment. We never use any pressure to buy.Our properties sell themselves. Further information: e-mail telephone in Goa (00 91) 98 502 9000 2
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