Who Can Buy Property In Goa?

Posted June 2, 2018 by greenambit

Are you looking for a flat in Goa? The Calissa by Greenambit homes is a perfect stop for you. The Greenambit provides you with an opportunity to buy 1 bhk in Calangute in Goa.

Calangute is one place which is most renowned and housing here means you are close to every basic amenity. With Calissa, you get complete privacy as the property is away from hustle bustle of Calangute and offers a serene view with the highest form of qualitative construction. The location is ideal to for self stay or even to rent out your property during your absence. The hospitality services like housekeeping services, cleaning & laundry services etc are provided by the developer. The Calissa is a RERA approved project having RERA no. PRGO04180222. Many Indian citizens, NRIs and OCI holders have bought property in Calissa in Goa. It’s a choice of many as its in a very prime location.

The Greenambit provides you with an opportunity to invest in the residential projects in Calangute, Goa. The people can benefit from housing projects going on in the Calangute. This has offered people an opportunity to buy apartments in Calangute, Goa.

So who can buy a property in Goa?

Though there are a lot of pleasantries offered by the city, there are certain regulations to follow if you want to buy a property in Goa. Indian citizens who are domiciled outside Goa but are still living in India can buy a property in Goa. However, there have been an ample amount of attempts by the Goa government to impose a ban on non-Goans to buy a land in the city, but no such bull could make it through.
In the years 2011 and 2013, Goan law commission and the local government proposed a ban on the purchase of agricultural land in Goa by an outsider. The reason is the fear of the local government of Goans being a minority in their own city. However, everytime the central government has rejected any such bills and proposal.

Goa Coastal Zone Management Authority (GCZMA) also plans on submitting their demand of imposing a complete ban on the purchase of the coastal land of Goa by outsiders. Hence, until today any Indian citizen can purchase all kind of properties in Goa. Foreigners, however, are restricted under Foreign Exchange Management Act. This act states that Foreigners can purchase any land in India including Goa other than agricultural and commercial (plants and farms) land.

The foreigner here refers to a person, who lives outside of India, either for employment purposes or a person who is intentionally prepared to live outside of India, without knowing a certain time period of the stay. According to the Constitution of India, Article 19(e) confirms the above statement. It sets the foundation of the basic rights of an Indian citizen and there is nothing which can over-rule it. India has always supported single citizenship. Thus, it does not allow the foreigners to buy an immovable property in India and earn a profit from it or to buy residential property and settle in Goa. In India, the agricultural and plantation land is also restricted to the Indian citizens only.

From a long list of developers in Goa, comes Greenambit, who are very excited to introduce the Calissa. It is an extravagantly a spectacular residency for the people who want to reside in Goa and enjoy the pleasantries, or for the people who look forward to investing in it.
Goa has been a hub of colourful and vibrant nightlife. This city in India is recognized all across the world for its refreshments, fun and beaches. Goa is a perfect spot for tourists to enjoy the way they want to. With the freedom, come extreme colors of joy and liveliness. The whole city lives even in the night. People often want to invest their saving in order to collect profit from it later in life. They usually look for options like a property to invest in.
For more information, please log on to www.greenambit.com or calissa.greenambit.com. Call +91-9953953060. RERA No. for The Calissa is PRGO04180222. https://rera.goa.gov.in/reraApp/
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Issued By Green Ambit
Website Greenambit Homes Goa | Holiday homes in Goa | Property in Goa
Phone 9953953060
Business Address Dongorpur, Calangute Goa 403519
Country India
Categories Business , Home , Real Estate
Tags holiday homes goa , holiday homes for sale in goa , apartments in goa , flats in goa , residential apartments in goa , builders in goa , real estate builders in goa , projects in goa
Last Updated June 2, 2018