Author

Topic: Accepting Bitcoins for Residential Plot in India (Read 366 times)

newbie
Activity: 29
Merit: 0
February 03, 2018, 10:51:39 PM
#13
Well dont even bother, Bitcoin is not a legal tender, which means you can not buy anything with bitcoin legally.
So dont even bother.


I agree.

Such deals will end up in a big mess.

Tax authorities will surely get suspicious if a property is "gifted" to unrelated person.
jr. member
Activity: 80
Merit: 2
Your True Helping Hand in Crypto World- Join Slack
when it comes to buying land in india its tricky same land is registered on multiple people end up in big scam,so better to visit the place in real talk with real owners ,previous owners of the land and buy it ,

Well dont even bother, Bitcoin is not a legal tender, which means you can not buy anything with bitcoin legally.
So dont even bother.
newbie
Activity: 61
Merit: 0
when it comes to buying land in india its tricky same land is registered on multiple people end up in big scam,so better to visit the place in real talk with real owners ,previous owners of the land and buy it ,
full member
Activity: 1442
Merit: 108
Did you got a buyer. I am also planning to sell a land in Varanasi for BTC and would like to know about the transfer process.
newbie
Activity: 13
Merit: 0

want to know the full details like how you registration process

The ownership transfer will be handled by lawyer through gift or other ways as selling for bitcoin is not legal in India. The deal will be finalized after meeting with my parents in India, I might also come. Meeting will be done as the buyer sees fit, showing the land can also be arranged. After the deal is final we will provide bitcoin address where payment will be done. I am NRI so I can covert Bitcoins to my desired currency outside India. Everything will be done legally and in white.

As someone who's done this in the past. I can suggest you to avoid the gift route, its a hassle to resale and getting the docs to reflect the correct nature of the gift.

Thank you for suggestion but all paperwork will be handled by lawyers for this. All paperwork will be organized properly by lawyer so that buying party do not have any problem now or in future.

Yes, that's the norm. Papers are handled by lawyers. But lawyers can be instructed  Cool I hope you post the transaction here for all of us to see.

If I am able to sell in BTC, I will definitely inform here.
hero member
Activity: 1778
Merit: 764
www.V.systems

want to know the full details like how you registration process

The ownership transfer will be handled by lawyer through gift or other ways as selling for bitcoin is not legal in India. The deal will be finalized after meeting with my parents in India, I might also come. Meeting will be done as the buyer sees fit, showing the land can also be arranged. After the deal is final we will provide bitcoin address where payment will be done. I am NRI so I can covert Bitcoins to my desired currency outside India. Everything will be done legally and in white.

As someone who's done this in the past. I can suggest you to avoid the gift route, its a hassle to resale and getting the docs to reflect the correct nature of the gift.

Thank you for suggestion but all paperwork will be handled by lawyers for this. All paperwork will be organized properly by lawyer so that buying party do not have any problem now or in future.

Yes, that's the norm. Papers are handled by lawyers. But lawyers can be instructed  Cool I hope you post the transaction here for all of us to see.
newbie
Activity: 13
Merit: 0

want to know the full details like how you registration process

The ownership transfer will be handled by lawyer through gift or other ways as selling for bitcoin is not legal in India. The deal will be finalized after meeting with my parents in India, I might also come. Meeting will be done as the buyer sees fit, showing the land can also be arranged. After the deal is final we will provide bitcoin address where payment will be done. I am NRI so I can covert Bitcoins to my desired currency outside India. Everything will be done legally and in white.

As someone who's done this in the past. I can suggest you to avoid the gift route, its a hassle to resale and getting the docs to reflect the correct nature of the gift.

Thank you for suggestion but all paperwork will be handled by lawyers for this. All paperwork will be organized properly by lawyer so that buying party do not have any problem now or in future.
hero member
Activity: 1778
Merit: 764
www.V.systems

want to know the full details like how you registration process

The ownership transfer will be handled by lawyer through gift or other ways as selling for bitcoin is not legal in India. The deal will be finalized after meeting with my parents in India, I might also come. Meeting will be done as the buyer sees fit, showing the land can also be arranged. After the deal is final we will provide bitcoin address where payment will be done. I am NRI so I can covert Bitcoins to my desired currency outside India. Everything will be done legally and in white.

As someone who's done this in the past. I can suggest you to avoid the gift route, its a hassle to resale and getting the docs to reflect the correct nature of the gift.
newbie
Activity: 13
Merit: 0

want to know the full details like how you registration process

The ownership transfer will be handled by lawyer through gift or other ways as selling for bitcoin is not legal in India. The deal will be finalized after meeting with my parents in India, I might also come. Meeting will be done as the buyer sees fit, showing the land can also be arranged. After the deal is final we will provide bitcoin address where payment will be done. I am NRI so I can covert Bitcoins to my desired currency outside India. Everything will be done legally and in white.
full member
Activity: 234
Merit: 100

want to know the full details like how you registration process
newbie
Activity: 13
Merit: 0
full member
Activity: 234
Merit: 100
interesting mate...!
newbie
Activity: 13
Merit: 0
Hi All,

I am selling a residential plot in Sonipat, Haryana( India) and accepting payments in Bitcoin.For more details about the property please contact [email protected]  or Visit : Website

Payment will only be asked once the buyer is satisfied with the plot and want to make a deal.
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