Guest Houses in Leh

[g-wire]

That is terrible! In which parts of India can foreigners buy private property for housing?

 

[Prasham]

Though you might not be able to buy a property, renting it on "wholesale scale" might be possible. Instead of leh, try nearby towns where you can rent rooms or maybe entire house.

 

[g-wire]

Okay, so Leh has very restricted property acquisition regulations. But I was wondering whether the growth in the real estate market in India can be "used" for cheaper living as an expatriate.

So this is sketch of my plan: What if you buy property in India and live in it for a couple of years, then when the expatriate wants to move on, sell the property at a profit. This way you can recuperate your investment and not spend it on hotels or hostels!

Just a weird thought! (Today India, tomorrow the world!!)

 

[Yogesh Sarkar]

It can be done and a lot of people are doing it, especially in cities like Goa. However most often than not, it is illegal and in case Indian government takes action, you can loose your property.

So it would be a good idea if you talk to a lawyer here or with your embassy to learn more about it, before making an investment.

 

[estranged911]

Theres no restriction on leasing a property. Thats what the foreigners do in Goa also..

 

[deepaktomar]

what about other parts of leh, zanskar ,nubra, kargil and also pangong lake cheap accomodation available or not .

 

[deepaktomar]

anyone.

 

[Prasham]

Accomodation is available almost everywhere in Ladakh. Some places offer Hotels, others offer Guest houses whereas in remote places you might have to do with Home stays!

 

[Yogesh Sarkar]

Almost anywhere in Ladakh you can easily get accommodation for Rs. 250-350 a night.

 

[devashishdhingra]

I would go with YS on this. As per law no outsider is permitted to buy land in L & K. Also this goes for Himachal Pradesh. The Worst part goes that our Constitution and other laws do not apply to the state of J & K. Some informative article for this """Jammu & Kashmir: The law concerning 'state subjects' was enforced in J&K on April 20, 1927, to prevent rich foreigners from purchasing land, to protect the interests of the peasantry. The law was later adopted by the state's democratically elected government. The law continued till 1957 when the new constitution of J&K was introduced and 'state subject' was changed to 'permanent resident'. Permanent Resident Status (PRS) was accorded to those who had been living in the state for at least 10 years before 14 May, 1954. The PRS was permanent and non-discriminatory. """