Considering the spectacular inflow of FDI and crazy growth in career opportunities in India, I am considering investing in a real estate in Bangalore. A decent size apartment is around 1cr. With the NRE account paying >9% tax free interest, this capital will be double in 8 years with absolutely no worries. With the property prices so high, I am not sure if it is worth the effort in India. My intention is to buy now, rent for about 8 years and then move back for good. Appreciate the feedback from those who recently bought or moved to India.
Location: God's own country
Posted on: 28-03-12 14:23:03
Not worth it yarr, the way the Indian currency is devaluing.
My advise would be to invest in RE in Canada and not even think of coming back to India for good.
Do you know how filthy the city is,corruption ,lack of EI, the social stigma of borrowing from your sister / co bro / bro in law.
better be happy in canada.Donot even think of returning or investing in India.
Then your choice.
Peace
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I am a Gents and not a Ladies.
