Last December, British residents Nicholas Papa and Michael Cooper got an early Christmas present: A show cause notice from India's Directorate of Enforcement (DoE), saying their home in Goa will be confiscated, and they face fines up to three times the land's value.
Hamptons International, one of UK's premier international residential agents, will host an exclusive property event 'The India Property Show' from 30 October - 1 November, 10:00 am - 6:00 pm at its head office, 32 Grosvenor Square, London W1.
The National Consumer Commission of India has slapped a fine of Rs 50,000 (approx. £670) on a property dealer for harassing a UK-based NRI by not handing over possession of a flat on time.
UK-based interior designing firm Casa Forma has forayed into India's property market and is looking at a revenue of Rs 40 crore in the next two years, besides planning to start a brokerage business soon.
Mumbai is the 10th costliest city ($9,163 per sq m) in the world to buy property while Bangalore the second cheapest ($657), according to a study by research group Global Property. London is the third most expensive, with an average price of $20,756 per sq m.
