I registered to buy, through an Irish company, a property in India, paid deposit & first installment. However there now seems to be a problem with the developer and/or getting your monies back down the line out of India. Apparently there has been a change in the law re overseas buyers and repatriating your monies. The co have been advised by KPMG to withdraw from the development but seem to be having difficulty in getting the deposits back. There are over 300 investors involved in this.
We have been assured by said company our money is safe and will be returned to us but we have been waiting since the start of the year.
Have anyone else come across this? Can I name the co here? A lot of people will know them. Any info or assistance will be much appreciated.