Foreigners owning property in Goa on enforcement directorate's radar

By Mail Today Bureau


Around 450 properties owned by foreign nationals in Goa have come under the scanner of the enforcement directorate (ED).

The ED has sent notices to 32 property owners while in 12 cases, the properties have been confiscated for Foreign Exchange Management Act (FEMA) violations.

These include flats, bungalows, agricultural land and ancestral properties. The ED has issued notices to the nationals of Britian, Russia, Italy and some other countries after they were allegedly found contravening Section 6(3)(i) of FEMA which deals with acquisition of immovable property in India by foreign nationals.

The ED has issued notices to 450 properties owned by foreigners

The ED has issued notices to 450 properties owned by foreigners

A senior official said the ED had found that the foreign nationals had violated RBI guidelines that require certain obligatory permissions to be taken before purchasing immovable property in India.

Goa chief minister Manohar Parrikar said the government had decided to approach the authorities concerned to seek concession for those foreigners whose cases are genuine.

But the government would not defend the huge investments made for commercial purpose.

"We can take up the cases of small houses or flats," Parrikar explained.

The chief minister said the state would take up cases that involved senior citizens who had invested their savings and for those dwellings which were old.

There is no real data on foreigners buying land or properties in Goa. But most of such immovable properties are along the beaches of Candolim, Morjim, Anjuna, Baga and Palolem in south Goa.

Crackdown on crime

The Goa government has decided to crack down on Nigerians involved in crimes in the state, including overstaying after expiry of their visas.

Those on student visas who are not students will be deported.

"There are several Nigerians who commit crime just to stay on in Goa" CM Manohar Parrikar said in the assembly.