Entertainment » OtherPosted at: Sep 2 2016 12:23AM 20 yrs residential permits with facility to buy property in small states like Goa dangerous: NaikPanaji, Sep 1 (UNI) Senior Congress leader and Rajya Sabha member, Shantaram Naik, today said that new Investment Policy of the central government announced will affect small states like Goa, as foreign investors with meager investments will be able to grab properties in the state, putting the issue of special provision for Goa under article 371 in jeopardy. In a statement here, he said as per the policy announced by the Government of India yesterday will offer residency permits of up to 20 years to foreigners willing to invest Rs ten crore over a period of 18 months or Rs 25 crore over three years. ''This will entitle the investors with ten years residency with provision to extend the facility up to 20 years. Investors would also be allowed to buy a residential property and their spouses and children can work or study here,'' he said.Please log in to get detailed story.Tags: #20 yrs residential permits with facility to buy property in small states like Goa dangerous: Naik