Hello Overseasmicky,
I'm Daniel Joseph based in Chennai in India and my father is in to Real Estate business for the past 40 years and i'm to assisting him now for the past 3 years and learning the trick of the trade. I'll be glad to assist you to buy a land in India.
Now let me give you some facts foriegners buying land or property in India is not allowed and that's the reason you were given an option to start a company or become a shareholder in a comapny to buy a land, however isn't that a head ache. Here is an oppurtunity where you invest directly to buy a property in India,
Foriegners are allowed to buy built in property only in Goa and that's due to the alarming demand in that area by westners. You can easily buy a studio appartment or A villa overlooking the beach in Goa and we will need to sell the property to you before completion as that will avoid you paying stamp duty. A villa over looking the beech normally costs around 50,000 pounds and an apartment probably will cost 25 to 30,000 pounds and you can invest with out trouble.
If you are looking to settle in India no problems, however if you are looking to rent the apartment or your property you will need to sign an agreement with us so that we will maintain the property on your behalf and deposit the rent in your account every month.
However to buy a land in Goa as a foriegn national you need to get the permission on RBI - Reserve bank of India and there is some legal thing that you need to go through, i'm wondering if you are really interested I can help you and you can also speak to my business partner in Dorset and we do printing &
SEO business and i've been with him for almost a year and a half and he knows really well. I would say your in the right place and I can assist you.
If you are looking at land or property in other part of India you cannot buy however you can lease a land for a period of 5 years and during the end of tenure you can probably take another place for lease or you can register it again on any one else name in your family. However this is the best option and I will recommend this to you
There are more rules in place and it takes a lot of time to pen it down on this forum you can feel free to drop me a line at
danielusah@yahoo.com,
danygetsit@gmail.com or you can call me on my mobile +91 044 9884708086 or call my land line +91 044 65263231 and both me and my Dad will take up your case and help you out.
Hope to hear from you soon.
Many Thanks
Daniel Joseph