Foreigners banned from buying land in Goa

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Panaji, Mar 28 (UNI) The Goa government banned foreigners from buying land in the tourist state by adopting the Registration (Goa Amendment) bill in the state legislative assembly today.

Moving the bill, Finance Minister Dayanand Narvekar said the government had detected more than 482 cases of foreigners buying land in Goa and all were referred to the concerned authorities for scrutiny whether they adhered to the RBI guidelines or not.

He said the Indian registration was under the concurrent list and Goa had every right to amend the act suitably to prohibit foreigners, including foreign firms, from buying land in the state.

The members also pointed out how the government was allowing foreigners doing jobs and businesses in Goa, particularly in tourist places and some foreign companies taking over the land on purchase of Indian companies.

The minister assured them that all these aspects would be examined once the law comes into force.

UNI BM OBB VD AS1714

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