Bang on.. No Point taking a liability in the name of an asset. On one hand it is very difficult to manage , on the other hand you have to bother your parents/family to look after that property for you, creating headache for them also
Very relevant topic. Thank you for your point of view, many can relate to it. The dreams, the actuality, the temptations and the hassles ✨✨✨✨ all mixed in there!
My friend was desperate to move back to India. He built a new house in Pondicherry. While he was finalising arrangements in Australia, his relatives moved into his new home and refused to vacate. He was left a victim of the Indian judicial system.
Investing in risk free assets are good. 80:20 ratio is ideal(80% in FD or similar and 20% in risky/aggressive asset class such as stocks/crypto etc.) buying a flat/land is not a good investment these days.
Hello Sir, just watched few of your videos and immediately subscribed. I am also in same dilemma whether to relocate or continue struggling here. Currently located in Kansas City. I would really like to meet you in person if you are nearby Pune or Bombay if I move to India. My tentative plan is next month end. Appreciate your information and all the videos. Good luck for your channel and also for your future.
Another thing I have been thinking is what if in future INR gains huge against USD CAD. In that case having some of your net worth diversified away from USD CAD and into INR is good choice. World is in flux right now geopolitically and anything can happen. But for sure I would diverts some of my money into INR , likely into equities.
Agreed, I would invest in mutual funds or FDs and spend it there in India itself. I would not move my money from aboard to India. My children will not move to India.
Agree… I have been watching properties price in Surat Gujarat. They have not gone much up in last 5 years. I am considering investing in FDs. Their growth is 6 to 7% per year and will be double in 10 years anyway. If invested in stocks it could be even higher But on other hand I also would like to have a property for my retirement when I would be spending 4 to 5 months in India. Cure I live in Canada.
here is the reality of real estate for an NRI in India - you buy a 42 Lakhs property at 50Lakhs through a middleman when the value of $ is 50 rupees. 10 years later, you sell at 90Lakhs that is worth of 1Cr when the value of $ is 82 rupees. Real estate helps you protect your cash against inflation- that’s it and that’s all. Real estate is good for those who can manage holding on to vacant lands - not easy!
Hello sir, following your videos and really liking the content, approach and the higher order thinking perspective. I was recently in USA for about 1 year, frankly considering only the money part I wanted to stay for 2-3 more years but due recent economic conditions I sort had to make an urgent move back to India. Now here my parents are very happy I am back, my kids are very much happy. I am happy to be back and as not living cold lonely life. But the salary I got there I get only 15% of it here which is sort of huge difference. May be I understand that this all would have went on and I would have stuck in that cycle and this was a good hard reset to be back, but yes certainly miss the salary part and may be a little work life balance part which is better in USA. So , quite in mixed or confused state. Seeing kids and parents happy is good. Btw frankly I also believe that the purpose of life just cannot be money but then does this statement make more sense when you have enough.. Any thoughts of yours on this confused state would be really helpful. Thanks
Vinay bhai , Thanks for sharing your thoughts. It is true that pay is less in India but if you compare with the cost of living it would be more or less same. I would suggest to look for another job if current pay is not satisfactory but given current market scenario would be good to stay put. In longer run the time you are spending with family and parents will be invaluable. All the best 👍
Agreed. But sometimes it pays. The flat which I purchased in Bengaluru was bought by a NRI for 9.5 lakhs in 2010. I bought that flat in just below circle rate. Guess what? The owner ended up with 1.3 cr in his account. So the investment in flat can also be fruitful, albeit you have good sense to predict the trajectory of the rate of the property.
This can be generalized. A friend of mine bought 3 bhk in 2012 November at a good place in pune for 80 lacs. Today, the maximum valuation is at the max 1.2 crores.
@@amolsw Exactly my point. If you have a prediction of appreciation of the property then you can gain. In my case I bought it in ORR where most of the tech parks are now. It wasn't the case when previous owner purchased the flat. Actually I am getting this flat in a very fair rate as the owner is now an US citizen. He just wanted to sell the property. The rate of flats in the same society are going upto 1.6 CR. Another point is that rent in Bengaluru is exploding. The flat which was rented by me was on 35k plus maintenance. Now the owner is asking for 60k including maintenance or buy the flat for 1.75 CR. Better to pay EMI if that is the amount I will end up shelling out as rent.
Bang on.. No Point taking a liability in the name of an asset. On one hand it is very difficult to manage , on the other hand you have to bother your parents/family to look after that property for you, creating headache for them also
Vivek bhai completely agree and been through same 👍
Very relevant topic. Thank you for your point of view, many can relate to it. The dreams, the actuality, the temptations and the hassles ✨✨✨✨ all mixed in there!
My friend was desperate to move back to India. He built a new house in Pondicherry. While he was finalising arrangements in Australia, his relatives moved into his new home and refused to vacate. He was left a victim of the Indian judicial system.
Investing in risk free assets are good. 80:20 ratio is ideal(80% in FD or similar and 20% in risky/aggressive asset class such as stocks/crypto etc.)
buying a flat/land is not a good investment these days.
Hello Sir, just watched few of your videos and immediately subscribed. I am also in same dilemma whether to relocate or continue struggling here. Currently located in Kansas City. I would really like to meet you in person if you are nearby Pune or Bombay if I move to India. My tentative plan is next month end. Appreciate your information and all the videos. Good luck for your channel and also for your future.
Thanks Rahul bhai, really appreciate your comment and appreciation.
Let’s connect at nooneknowsr2i@gmail.com
Another thing I have been thinking is what if in future INR gains huge against USD CAD. In that case having some of your net worth diversified away from USD CAD and into INR is good choice. World is in flux right now geopolitically and anything can happen. But for sure I would diverts some of my money into INR , likely into equities.
Thanks appreciate your comment C P , good idea 👍
Agreed, I would invest in mutual funds or FDs and spend it there in India itself. I would not move my money from aboard to India. My children will not move to India.
Thanks @LifeJoyAdventure. All the very best.
Sahi bole aap, hum bhi aisa hi sochte hain
Agree… I have been watching properties price in Surat Gujarat. They have not gone much up in last 5 years. I am considering investing in FDs. Their growth is 6 to 7% per year and will be double in 10 years anyway. If invested in stocks it could be even higher But on other hand I also would like to have a property for my retirement when I would be spending 4 to 5 months in India. Cure I live in Canada.
I think buying a property for living is always .good
In Surat which area u talking about?
Agree
here is the reality of real estate for an NRI in India - you buy a 42 Lakhs property at 50Lakhs through a middleman when the value of $ is 50 rupees. 10 years later, you sell at 90Lakhs that is worth of 1Cr when the value of $ is 82 rupees.
Real estate helps you protect your cash against inflation- that’s it and that’s all.
Real estate is good for those who can manage holding on to vacant lands - not easy!
Thanks Shiva bhai , I completely agree it could be hedge against inflation but gold can provide same👍
Are you aware of what sort of duties are applicable when bringing in gold and silver bullion?
Very true!!
Hello sir, following your videos and really liking the content, approach and the higher order thinking perspective.
I was recently in USA for about 1 year, frankly considering only the money part I wanted to stay for 2-3 more years but due recent economic conditions I sort had to make an urgent move back to India.
Now here my parents are very happy I am back, my kids are very much happy. I am happy to be back and as not living cold lonely life.
But the salary I got there I get only 15% of it here which is sort of huge difference.
May be I understand that this all would have went on and I would have stuck in that cycle and this was a good hard reset to be back, but yes certainly miss the salary part and may be a little work life balance part which is better in USA.
So , quite in mixed or confused state. Seeing kids and parents happy is good.
Btw frankly I also believe that the purpose of life just cannot be money but then does this statement make more sense when you have enough..
Any thoughts of yours on this confused state would be really helpful. Thanks
Vinay bhai , Thanks for sharing your thoughts. It is true that pay is less in India but if you compare with the cost of living it would be more or less same.
I would suggest to look for another job if current pay is not satisfactory but given current market scenario would be good to stay put.
In longer run the time you are spending with family and parents will be invaluable.
All the best 👍
@@no-oneknows9236 Understood..Thanks..!!
Told the truth. Unless you are sure you want to go back to India and settle down, its not worth the hassle to invest real estate in India.
Thanks Saketh , appreciate your comments👍
Agreed. But sometimes it pays. The flat which I purchased in Bengaluru was bought by a NRI for 9.5 lakhs in 2010. I bought that flat in just below circle rate. Guess what? The owner ended up with 1.3 cr in his account. So the investment in flat can also be fruitful, albeit you have good sense to predict the trajectory of the rate of the property.
Wow that huge , usually flat prices double or little more then double in 10 years. But again ymmv.
Thanks for your comment and sharing your views.
This can be generalized. A friend of mine bought 3 bhk in 2012 November at a good place in pune for 80 lacs. Today, the maximum valuation is at the max 1.2 crores.
@@amolsw thanks for sharing , I have noticed similar appreciation, which is less then simple fixed deposit and no hassle of dealing with tenants.
@@amolsw Exactly my point. If you have a prediction of appreciation of the property then you can gain. In my case I bought it in ORR where most of the tech parks are now. It wasn't the case when previous owner purchased the flat. Actually I am getting this flat in a very fair rate as the owner is now an US citizen. He just wanted to sell the property. The rate of flats in the same society are going upto 1.6 CR. Another point is that rent in Bengaluru is exploding. The flat which was rented by me was on 35k plus maintenance. Now the owner is asking for 60k including maintenance or buy the flat for 1.75 CR. Better to pay EMI if that is the amount I will end up shelling out as rent.
Thanks for this sir. Issue with FD is that it is only insured for 5 lakhs, how did you get around that?
yeah I agree so can make multiple FDs in different bank but bank like SBI would survive .
There are national banks which are backed by government.
Don't be silly. Leave your money in foreign banks....but then you will not be welcome in India!