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Government closely to monitor property transactions

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Government of India had given out notice on bootleg property auctions to foreigners in the country, particularly in the state of Goa. Goa in situated in the Western Part of India and is also known for its littoral views and reasonable residential, which draws the attention of many foreigners. Ministry of Finance said to www.propertykhazana.com that, “Central Government has come to know that foreign denizens are purchasing hard-nosed property illegitimately in some parts of the country, that too in Goa which has hiked affairs.”
As per to the sources saying @ the www.propertykhazana.com, everything comprising the authorities concerned in the state Govt.’s are herewith directed to be more attentive in such issues and be pleased regarding the ability under the Foreign Exchange Management Act before registering a auction or acquired of hard-nosed property in India. The probing might comprise together the proposed purchasers and sellers. The appropriate travel papers and the nature of visa might also be verified before registering such auction or acquirements.
Source: NBTVLIVE

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