Quote:
Originally posted by ramrao
Once I mentioned to my friend in India about returning home then he suggested me return after 5-6 years and pointed out that all recent developments are not that great and you have to be very rich to enjoy good lifestyle.
Ram
Interesting.
Where does your friend live? In a village or a taluka?
Also r u enjoying a good lifestyle in Canada? Do u think that more than a billion people in India r not happy or enjoying good lifestyle?
IMO, just because xyz wants to stay in Canada, that does not mean that everyone has to follow xyz. This is a sheep mentality, or should I say rat race that is rampant among NRIs. Each situation is different. Some have responsibilities such as taking care of old parents, etc.
DIO
Location: God's own country
Posted on: 19-04-06 15:53:34
Quote:
Originally posted by desi in ottawa
Interesting.
Where does your friend live? In a village or a taluka?
Also r u enjoying a good lifestyle in Canada? Do u think that more than a billion people in India r not happy or enjoying good lifestyle?
IMO, just because xyz wants to stay in Canada, that does not mean that everyone has to follow xyz. This is a sheep mentality, or should I say rat race that is rampant among NRIs. Each situation is different. Some have responsibilities such as taking care of old parents, etc.
DIO
DIO-> Nice reply.
People based on their profession, needs, aspirations, commitments etc... may or maynot like Canada , India , USA or any nation. There is nothing set in stone.
Last time i was in India (4 months back), i was in a village. The village looked the same except that the cost of living has gone up 300% in 4 years. People rode the latest bikes, had the latest TV, had cars, dresses were more stylish etc... Building wise there was no change. Everyone in the village invested in stocks and regularly visited the sub broker who had facilities like online trading, free tea/coffee, free noodles (all bought and served by an attendant) free Business news TV, free business magazines.
I also went to visit b'lore for a day. Office Buildings and interiors put Toronto to shame. Interior common houses were the same. The people were also more fashionable, rode in cars and motor bikes etc.. There were many lovers , young couples to be seen on the road. Dresses of many females resembled dresses worn by Torontotonians during summer. I also found many decent people eating on the roadside carts (males only).
TK
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I am a Gents and not a Ladies.
TK,
The things u have mentioned are all the signs of development, though indirectly, IMO. At least they have come out of clutches of the socialistic ideologies put forward by the Nehru clan (and I am not a fan of the clan).
But still people are living there. My brother lives there with his family. Never bothered to come to north america even for a visit. He is content and happy with huge profits from, what else, RE. There are problems no doubt and they are not going to be solved soon or forever.
Coming to ther original topic, I will bet my money on the RE boom in B'lore or Chennai. Anyone interested should go ahead and look to investing in the B'lore-Mysore corridor area. Now the supreme court has given ok for continuing the expressway.
Happy RE investing!
DIO
HI !
I do not completely agree with the statement that "As it is peak " . the reason is that it seems to be peak everytime I went to mkt but still it kept raising . I bought a flat in NCR in 2000 for 21 Lacs ( it seemed toooo high rate even at that time ) .. We wanted to buy another flat but ..... . Now the same flats are not available even for 60 lacs and they are still going up >>>>
i sit back and think was my decision right of not buying a flat at 21 lacs when it looked so expensive at that time ???
Ashwani Goel
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Growing Old Is Mandatory ..Growing UP is Optional
I agree with AshwaniG. Things are getting hotter in RE in India.
IMO, there is nothing called "peak". It's a supply and demand issue. Someone will use that term as they are unable to do anything in the matter.
Coming back to the RE, some of the new flats built in B'lore have natural gas connection. Some of the single family homes are coming up with finished basements (they call this as den). People who have seen houses in NA have adopted the style. The soil is good, so why not build a finished basement.
DIO
Guys check after a 1 year or so. Real estate is also like stock market where prices go up and down every 3 years so in my opinion it is set to go down and you will find hard to sell your property if you want good returns.
This is my personal opinion and I may be wrong and I am not going to discuss this anymore.
Ram
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Desi Lion
Guys,
We discussed this about a year ago and prices are still hot in India, I guess.
I would like like to know from the respected members of this board that what care should be taken while buying a property in India.
Like:
1. What is better to buy? A farm land, A residential plot, an apartment, a bungalow
2. Assuming the corruption existence buying anything there and staying away from India can cause any problem like someone capturing your property
3. How do you transfer money to India and how to you get it back, once you sold your property? Do you have to pay taxes to Indian Govt?
4. What are the restrictions for NRIs?
5. Can you buy a property without Visiting India? How?
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A Proud Indian Canadian
