HI DEBBIE ,

STEVE AND I HAVE ALSO BEEN DEALING WITH NELSON AND DENISE FOR THE PAST 3 YEARS .

LIKE KENDREW WE HAVE ALWAYS FOUND THEM VERY TRUSTWORTHY  AND VERY HONOURABLE .

IN FACT , WE BOUGHT OUR APARTMENT AT PEACE VALLEY BECAUSE WE FELT THEY WERE SO TRUSTWORTHY !!!

HAVEN`T MANAGED TO "SUSS" THE KUMARS OUT SO MUCH YET .

HOPE THIS HELPS ,

TRACEY

Hi Debbie, i have been dealing with Nelson and Denise from the start of the development and have had no problems with them,in fact they are very honourable people as you have said.

Kind Regards

Ken

I sent my company papers and money in Nov to the builders and still havent heard anything about the company being formed.

Hello to all buying or have brought at peace valley.. My name is Debbie and i have purchase an apartment and shops.. Over the pass week i have been told by the developer and lorraine not to give money to Nelson and Denise at the Villa Company.. not to trust them etc etc etc..

I am wondering if anyone who has purchase has had any problems with them..I am in no doubt that after three years with dealing with them they are the most trusted and loyal people i have ever come across..

Actually for me it has been the most stressful situation i have come across not knowing who to believe.. The developer mr Kumar or Lorraine saying to trust her..

Would anyone please give me your opinion on whether you have had problems with the developer or the agents.. I am still waiting for an email from Mr kumar to confirm in writing this but as you probably guess i will be waiting for a long time..

Debbie and Ayoub

Hi ToldUSo

John and I both signed on the day you posted - hopefully everyone else will...we all need to help each other even if our situation is different.

Good Luck, I hope you get the numbers you need to take this forward.

Regards

Margaret

Hello Peace Valley,

You seem to be doing pretty well amongst yourselves. Do you fancy helping those less fortunate than you and signing the Number 10 Downing Street petition aimed at bringing the attention of the UK politicians onto those of us that are not so fortunate as to have a developer who will do everything that has been promised.

I guess most of you will be posting on your 'Peace Valley only' site by now but if anyone out there cares please look down the postings and sign up to the petition. We are nearly there with the required numbers and one day it could be you who needs the help.

Check out the local Goan press (Herald, Goan Voice etc.) to see what is happening to the beaches and tourists.

Its your future too!!

Hello Imran,

I have registered with the new site,it looks good well done.Hopefully it will prove to be  a great asset for us all.

Regards

Ken

FANTASTIC IDEA IMRAN

HAVE REGISTERED TODAY, HOPE MANY MORE WILL FOLLOW

STEVEN

hi imran ,

have registered ,

many thanks ,

tracey !!!

Hi Imran

I think the website looks great  a brilliant job will definitely be joining.

Hope you enjoy your holiday and good luck with your furniture.

Lynda

Hi everyone

Imran's new forum is really good - I've registered already!

It will be much easier for everyone with any queries or comments as these can be viewed in the relevant sections instead of having to trawl though all the numerous posts. 

It would be even better if the builders agreed to use the update section...especially to upload progress photos, but before anyone else says it......I won't hold my breath!

Imran - have a super holiday in Goa, and we all look forward to going 'live' soon.

Regards

Margaret

Hi Macfrith

We paid all of our money through Nelson and Denise so we didn't have any problems, but we did have to send our costings for the fixtures and fittings as they did not agree.  To be fair though, we had cancelled some things which added to the confusion!

Like Tracey, we did manage to get them sorted out but it did take a little while via e-mail so think a quick call may be a better idea!

Regards

Margaret

SORRY I FORGOT TO ADD ,

HI MACFRITH ,

I THINK IF YOU READ BACK OVER THE PREVIOUS POSTS YOU`LL SEE A LOT OF PEOPLE HAVE BEEN SENT BILLS FOR MORE THAN THEY OWE .

WE WERE SENT ONE BUT IT WAS FAIRLY EASILY RESOLVED .

I EMAILED THEN THE CORRECT INFO ,

THEN FOLLOWED UP WITH A QUICK PHONE CALL TO GET THEN TO READ THE EMAIL ,

THEN ANOTHER QUICK PHONE CALL AS I HADN`T HAD A REPLY WITHIN AN HOUR AS I REQUESTED .

THEIR ACCOUNTANT THEN LOOKED AT THE FIGURES

AND I THEN GOT THE REPLY I WANTED .

THIS ALL TOOK LESS THAN A DAY VERY LITTLE STRESS AND VERY CHEAP AS I ONLY MADE TWO VERY SHORT PHONE CALLS .

WE WERE EXPECTING PROBLEMS WHEN WE WENT OVER IN FEB. TO COMPLETE ECT .

INFACT THEIR FIGURES , OURS AND NELSON AND DENISES ALL TALLIED DOWN TO THE LAST RUPEE . SO WE WERE WORRYING ABOUT NOTHING IN THE END .

IT IS VERY FRUSTRATING TO HAVE THIS HAPPEN THOUGH ,

HOPE THIS HELPS ,

TRACEY

HI IMRAN ,

I THINK THE SITE IS A VERY GOOD IDEA

AND ALSO LOOKS VERY GOOD

GOOD LUCK WITH IT AND I`LL BE JOINING !!!

MANY THANKS ,

TRACEY

hi imran

great idea!

Over the weekend I have done considerable research into this matter and Westley is correct in what he says. The registries have been closed to registrations of property to FN's since September 2006 and sub registrars have been instructed NOT to register properties. Check Danika Residency - D97 which true is another Micon development, but has very relevant information concerning this issue. Micon are not giving deeds to FNs because they - rightly or wrongly - believe they will be breaking the law. However this is not an issue that only affects Micon properties, it is affecting others as well. There are people out there who have purchased legitimately in the 80's who have been threatened that their properties will be confiscated and have been thrown ourt of the country!! There has also been a great fuss made in the local Goan press regarding 'paper' companies - those set up to purchase small properties only. The number of businesses opened and owned - part of fully - by FN's is now in the spotlight.

It is true that most have at lest 4/5 years left on their lease and hopefully things may settle down in that time. Do read the Goa - Byer Beware thread on BritisExpats site. It has been running for over a year and as you British say, there is no smoke without fire!

Hi Everyone,

Has any Foreign National been given their title deeds via the company route yet?(on peace valley)

If not are Salv and I the only ones concerned about wether we are all going to actually ever own our properties, or is everyone happy to leave them in the Kumars names and just have the contract.

Please can someone in the same situation as us tell us what they are doing regarding this matter.

Thanks for any info

Anita

Hi Steven8 and everyone

I know Westley and am aware of some of the problems he has been having, so I will try and clarify for you - I'm sure he'll put me right if I get it wrong! 

He has  purchased a two bedroomed apartment in  Micon Arcade in Cavelossim.  The purchasers had contracts to say that they were purchasing a freehold property.  The Limited Company was all set up properly but when they came to complete the builder (Micon) would only give the majority of them a five year lease!

I think that Westley is trying to point out to the other Micon purchasers that although they may have the freehold they could still have long terms issues which will affect all of them, and it is in all of their own interests to take these issues forward collectively.  I know that Westley has been challenging the builder himself and may be looking for a bit of support and back up from some of the other owners.

There have been many problems with this builder over completion -  too numerous for me to mention on this board, but if you want to see where Westley is coming from and some the the problems he's trying to address, add the Micon Arcade M419 development to the message boards.

I think the FN stands for Foreign Nationals, which is the category which most of  us will fall into.

Both Westley and TolduSo have posted the same messages on the Micon Arcade board which is why much of it does relate to their purchasers.

Hope that this clarifies.

Regards

Margaret

Hi Westley

Hope you are keeping well - seems a long time ago now since we were on Mobar beach relaxing in the sun....

We did a little job for Su when John and I were in Cavelossim in February and met Serpa.  She was furnishing your apartment and let us have a quick peep - very impressed!

Thanks for your comments - think some of it may be aimed at the Micon Arcade purchasers, so hope you don't mind if I just try and clarify for the Peace Valley members.  If I get bits of it not quite right, please post it...

Good to hear from you again.

Regards

Margaret

I am new to this site and have been reading others as well. Westley has a very valid point from what I can see. Sadly I did my homework too late and am now in the boat with you. I notice in all of these sites that there is no suggestion of getting rid of the hated FNs who have laid their money down, by giving them back their money and selling on to their beloved locals, who really deserve to own the land.

For those of you who want to stand up and be counted one brave soul has started an on line petition  which requires 200 signatures to be picked up by a UK MP. Do go online and sign it, it may do no good but we can try. For those of you who still believe that you will one day 'own' your properties, indulge us poor faithless unbelievers and sign the petition. It can't do you any harm.

The web address is http://petitions.pm.gov.uk/Goa-Properties

At least we can get some clarity on the situation.

hi westley

looks like you are making a good point

could you possibly simplify  and what are fns ?

steven

HI Everyone

with regards to rental and internal maintenance hand over keys etc, came across the following website, dont know if they are any good but might be worth looking at by those wishing to rent out,

http://www.homes4living.com/

if nothing else gives something to compare  the kumars against.

they also do furniture and appliance packages etc,however they  do look a little on the pricey side as i am sure when we went to mumbai it was going to cost about £1000 to furnish 4 bedrooms and they come and make it  and tidy up for you so long as you have somewhere for the carpenters to stay this furniture was of similar quality as to what you would get from mfi  (solid wood and leather) 

i requested from homes4living terms and conditions and price lists which obviously anyone can do but is this section unusal or normal ?In order to achieve maximum sales Homes for Living Ltd must have the flexibility to negotiate freelyHomes for Living Ltd charge a commission fee of 15% per week for rentals.

Booking rights

with customers over availability of properties and any requirement to refer to a third party or the owner

could result in a lost sale. Therefore Homes for Livng Ltd must have sole bookings rights during the

contact except for certain pre-notified periods when the property will remain available for the owner.

This is with the exception of standard and peak seasons when the property must be available for holiday

rentals.

Commission structure

(and no i am not in anyway affiliated with them.we most probably will not  even be renting our villa out just really need an airing and reporting service )

like the idea of a seperate  website if nothing else to tidy up and put into sections FAQs, most information  is here on the messageboard but you would have to really look for it.........

also like the neighbour watch idea i would be only to happy to report back on properties  if anyone wanted me to, i will be in goa end of november early december.

bleow is the terms and conditions homes4living  sent to me, didnt copy very well due to different format but obviosusly you can request for yourself if needed.has anyone else fouund anyother companies that offer this or similar service?

pleased to see eveyone has made up and are friends again

steven

All,

Firstly, sincere apologies if my language / opinions offended members and it was not meant as a personal attack on Margaret - I regret that this has been taken that way but can I just point out message from Margaret on 28th March where quite obvious slating and sarcastic remarks and opinions are aimed at Mark Chambers and Aland and some of the comments made about me in some of the responses to my post . Point made and have no wish to fall out with anyone as believe we should all be helping each other out.

The purpose of a message board is for all members to post an opinion whether positive or negative and share information for the benefit of the whole. Eyeonworldwide is accessible to anyone who has an interest and is not owned by any particular individual. This should not be censored  because it does not fit in with an ideal of a group or witch hunts directed at people who may wish to voice some areas of concern.  Admittedly, was probably not the best use of words but pretty fed up with being taken for a fool and sorry but finding trusting these people more and more difficult.

I have spent the last few months arguing with the Kumars over money which I have sent that they claimed (until very recently) they have never received and then received a very rude telephone call from Lorraine offering rental which basically stated that it is 50% no discussion, take it or leave it!  I also have apartments elsewhere in the world which I rent through agents and therefore have benefit of experience and this is a totally unacceptable and unfounded fee which people should be made aware of.   You should also receive the utility bills yourself - it is your property.  Agree with another post that people checking on your apartment for occupancy is a very tried and tested way of ensuring property is not being rented out without your knowledge.  Whilst things never run smoothly which I am accutely aware and I still firmly believe the resort will be something special and a good investment, I have never felt the same level of misgivings about the dealings of a Developer when I have bought elsewhere.  People should be made aware of various different experiences and be allowed to form their own conclusions.

Once again apologies for any offence caused and personal apologies to Margaret.

Hi Imran,

Welcome to the CPV.

Appreciate your idea for a separate website but happy with message board.

Also purchased 2 bed in Palm Grove.  Going out in Sep/Oct to complete.

Look forward to meeting all owners in the future.

Very excited!

Hello everyone on the message board

Well margaret it was great to meet you out in goa lol maybe next time we can try meeting down the stafford arms .

Well here is my bit to add to this Board

So after spending a week out in goa for the first time in over two years i was impressed with how its come along and seeing the stuctures built helps to give us all an idea of what its going to be like. The last time i saw the site it was bare land with only one show home as an example to other buyers.I have not come across any other development like this in goa not that i am an expert on goa but it dose seem to be one of a kind. My experance of the Kumars so far has been good admittedly the maintainance payment for 20 years is showing to be very unpopular. As buyers do we receive a certificate or something of the sort so that if we decided to sell the propertys at a later date the next buyer will not have to pay another 20 years maintainance fee i have not spoken with the Kumars about this yet because i am not at that stage.

I met Lorean out in goa when i was there who seems a nice person its good to have a british person there in my opinion as it helps with communication but Lorean is new on site and maybe has a few differant opinions than some of the buyers personaly i found her very helpfull and cooperative one thing i was a little concerned about was that the site was being marketed to russian clients. My thoughts about that was not so positive as ive found the russians quite antisocial but most other nationalitys ive found to be ok.

As for the rental program thay are offering in my opinion its a high price to pay but i will decide nearer the time what i will do with my investment there i might market it myself and find my own clients etc etc. As for my shop unit ive reserved the idea with the Kumars to open a cyber cafe ive had this idea in mind for some time but was unsure untill i had spoken to them.

so all in all i was pleased with my dealings with the Kumars but we still have a long way to go till its all finished.

thanks for reading

hello at home with the kumars ,

i do understand what your saying about if they pay bills ect . we can`t keep a check on how many have been through our apartments ect . ( a valid point )

but your forgetting one major point .

the power we all have collectively . i`ll explain what i mean .

in my other rentals thier is a large group of us and when ever one of us goes over we check to see who has people in thier apartments . this system has work well for me in the past .

i can`t see why this system wouldn`t work here , also we email the site company to give permission for "so and so" to go in and check everything is o.k. ( if no one booked in ) .

another point to bare in mind in some countries your insurance is invalidated if more than one person has keys to the premises , so if the developer has keys and you then give some to the little old lady down the road to do the cleans where do you stand if something goes wronge .

personaly if only one person has keys then the buck stops with them . i hope i haven`t opened up another can of worms here i`m just giving you the benefit of my experience .

as far as the deeds are concerned we will hopefully have some news for you all soon ,

tracey

Hi All, am new to the board, would like to add some comments of my own, as there seems to be a lot of difference of oppinions over the last few months but no one has actualy any facts, so hopefully some of you will  have all the answers to the below. also each member should be able to state how THEY feel about their experiences with dealing with the Kumars, without being slated.

Firstly we are not fans of the Kumars, we have found them liars,and allways trying to get one over on you. Does no one relise that whilst everyone is argueing over trivial matters the bigger issue is has any foreign investor actually received their DEEDS via the company route as i have read that a few of the investors have recently returned from goa with no mention of receiving their deeds  (Im sure the Kumars have promised everyone that they will receive their deeds with arrogant jumped up Ankit signing on behalf of the company ((how thoughtful)) If any one has received their deeds (from mumbai after they have been signed by the registrar in quepem and then rubber stamped in mumbai) then I appologise. Secondly ask your self this why does Ankit have to sign on the companys behalf as foreigners are allowed to set up businesses and therefore sign for the company, unless the company has not been set up legitamately? This procedure with Indias, usual slow attitude to getting things done takes no more than two to three weeks. as advised by a non biased solicitor

Regarding the rentals, how can it be possible for a letting agency (lets call it this) charge 50% for dealing with rentals as the case is that you own the asset and without it there is no rentals therefore you take the bigger slice of the monies earned, also is it not reasonable to assume that if you or your company hold the title deeds surely your utility bills will be directed to you and you would have set up standing orders/direct debits? or maybe you plan to give the Kumars the ultimate power of attorney?

I look forward to reading everyones comment (especially the Kumars` fan club).

Drinks are on us for Mark and At home with the Kumars.

hi all again

still not wanting to defend but mac does'nt attack any of the forum members unless i read it wrong

now think of something else sanatan sort out eleccy/water i take it for the 50% cut they also pay for it hmmmmmmm we never see a bill = no idea of when people are in the place or not call me synical but i have seen this used before...... 'no it has'nt been rented out for ages' was the reply and i could never verify because of the lack of bills. you could ask for a copy but isnt it hard enough or impossible to get a receipt for moneys already paid call me synical but bear this in mind they are very smart indeed and some on here are a bit gullible and very few companies charge 50% trust me i have 15 all over the world

HI KENDREW ,

WELL SAID , SEE YOU IN FEBRUARY ,

MANY THANKS

TRACEY !!!

Dear All,

We have just completed on a 2 bed apartment in Bansko and the management fees in rental agreement is 50 %. I think companies have realised that a lot of people are investing in the rental market and are charging accordingly. There is not a lot we can do about it unless you want to leave property empty or use it personally, depending on why it was purchased in the first place.

Hope we see an end to the negative comments and look forward to seing a few of you next year.

Regards

Ken & Maria

HI ALL ,

PERSONALLY I FEEL ALL OF THIS UPSET IS TOTALLY UNNECESSARY .

I VERY MUCH DOUBT ANYBODY WILL BE RENTING THEIR VILLAS / APARTMENTS OUT FOR A WHILE AS THE COMPLEX NEEDS A LOT MORE WORK TO BE COMPLETED FOR IT TO BE READY FOR RENTALS .

I DO AGREE 50% IS TOO HIGH BUT WE`RE ALL ARGUING ABOUT SOMETHING THAT HASN`T BEEN SORTED OUT YET .

I ALSO HAVE OTHER PROPERTY RENTALS ABROAD AND I AM WELL AWARE OF THE COSTS INVOLVED .

MANY THANKS ,

TRACEY

Hi John

Please don't apologise because you may 'buck the norm' - there is no one on the board, including myself,  who would want you to agree to something just because the majority did!

However...what you have done is to set out the reasons why you are not happy with the rental situation and I can see where you are coming from, but as Tracey says, this does need more looking at once we have the final facts and figures.

What is upsetting is the tone and bad language of macfrith's posting, both to me personally, and to our other board members...

Kind regards

Margaret

Hi Ken and Tracey

Many thanks for your support ... will be in touch shortly.

Regards

Margaret

hi all

sorry but i tend to agree with macfrith lets do some sums if you get 250 a week for your place 125 will be handed over equals 500 a month with approx 187 apts over 26 week let period is a whopping 2431000 for doing not a lot thats if ive done my sums right and the lot are rented out of course then you have your tax bill on top and suddenly its not too good.

nobody charges 50% i have other places around the globe i rent out and the norm is 15% i rent to thomas cook in greece and even they dont take that much so i can see where people are coming from and we do pay maintenance and in my experience an occupant does not use that much eleccy/water in a week so if you lot are letting and prepared to pay that much good luck to you all i shant be.

you can get a 'local' to do the hand over etc and before you all scream but how can you trust them denying for over a month money had not been received springs to mind (see earlier post on that 1).

anyway sorry if i tend to buck the norm and agree with comments made on here but being held to ransom over extortionate takes isnt on and after speaking to a few members personally (phone) from off of here there is a bit of dis trust between certian people.

cheers

macfrith ,

note i didn`t put dear macfrith !!!

i do NOT think your comments very accurate or constructive .

if you TOOK THE TIME  to read through the board ( or can you only read / write swear words ) you will see the 20 years ( not 10 ) maintenance contract has been discussed time and time again . if you COULDN`T BE BOTHERED TO CHECK  out  your contract prior to signing it , then i`m sorry that`s YOUR PROBLEM !!! .if your contract states over 20 years then that`s how you will pay not all up front ,

have you actually been over and spocken about this to the kumars ?

we have recently returned from goa ,

had no problems with the maintenance , all the snagging done to our satisfaction , all items we ordered and paid for were in our apartment ready , all monies paid / owed tallied down to last rupee . and we were pleased the the apartment .

as for the rentals ,

the last i heard they were still sorting out the figures ect . i think you`ll find the 50 % was to cover all water , electric , gas , cleaning , laundry , breakages , advertising ect .  

if you`ve had experience of property rentals prior to this you would appreciate that these additional costs are additional and not included in the usual 15 % . now i do think this needs more looking into but your upsetting people with this and no ones actually seen all the facts and figures yet . 

as for lorraine , your entitled to your own oppinion ( i certainly have my own oppinion of you but i`m too polite to put it on this board !!! ) she has only joined them recently , i have found her very pleasant , friendly and helpfull . we`ll have to wait and see what happens with the rentals but during my recent discussions with her i felt she did know what she was on about and had plenty of experience . again , i feel your worrying and upsetting people for no reason .

AND FINALLY , WE COME TO YOUR COMMENTS ABOUT MARGARET ,

what right do you have to run down someone who has spent as much time and trouble as margaret has helping out other purchasers on this site ,

have you met her ?

spoken to her ?

she is a very warm hearted lady who will help anyone . she is also  very shrude and very clever and over the past 2 and a half years i have found her help and advise extremely useful .

all i can say is THANK YOU MARGARET AND GOD BLESS YOU !!!

i can`t wait to see how many 4 letter words are included on you reply to me ,

stall we hold a sweep stake ? 

tracey

hi all

i seem to think margaret is a big fan of the kumars for some reason god knows why they are a bunch of robbing lying b%$£"*ds  trying to hold us to ransom charging 10 yrs up front in some cases  (maintenance)  50% of rental funds  may get a bit pissed of with this margaret but isnt 15% like the norm is else where all over the world they are greedy... the kumars and ......the lass lorraine f&^ck her too she is a puppet for them