Posted on: 15-08-09 21:15:12
Quote:
Originally posted by Fido
In a way its better that the properties are in your father's name as NRIs are expected to keep investment in Indian property for at least 10 yrs before repatriating .
Although its a personal decision but appreciation in property is higher in India then here and I would have kept the properties in India for a couple of more years till the exchange rate and real estate was good in India .... and take extra mortgage here .
Dear Fido,
Some how i was not lucky in real estate investements...either i enters late or my luck does not favour me in investements.
But right now...i dont see much appreciation in my deals as i bought them in peak and the bubble got burst...On top of it some seperate state agitaiton is cold in AP.
Secondly the returns are not matching my expectation...so let me atleast enjoy the investement myself by buying the property here and for my sons future.
ex: 25lks flat getting 4,000
30lks flat getting around 5,000...
right or wrong dont know..but my simple math telling me its not worth it to keep for another 10yrs...
instead if sell them and keep them in Postoffice(11%interest) i might be getting nearly 50k per month...for 5yrs its 30lks...
I dont think that my properties are going to gain 30lks in 5yrs..becoz now people realized how big bubble it is...and i dont think they will increase the prices like we saw for the last few yrs..
Anyways i might be wrong...but i see that better to sell them and buy here so that i can atleast enjoy the property myself..
again...any suggestion are most welcome...
rgds
mrk
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MK
Well , you sound right in your way .... but this could change if we see another boom coming up ...... we are in the same boat though 
. All the best - dis investing makes alternative sense .
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Fido.
MRK,
You are in a Capital loss situation according to your statements. Please see how far forward you can 'carry this loss into the future". If it is indefinite, then, you also know the answer to it.
Liquidate, (It is easy to say it) your losses and cash out and invest the way you want to and adjust them if there is a feasibility. Local CA is the best guide to you in this. Can one loss in one kind of vehicle be adjusted towards the other?
There is an exemption available to the seniors for the first Rs/- 1,50,000 for the men and Rs/-1,80,000 for the ladies. Since you know the interest rates available to them (Not to NRI's) you can surely shelter some portions of it. Looks like 30 Lakhs will look after this. Currently the local interest rates here will certainly render to that kind of investment on the Indian side. You can leave the sum to gain in a tax free manner with some tax planning, right there in India.
If there are other means of investing the rest of the funds, then, you can also pursue those to your liking.
Now you have to make that bold move and see how long it will take to the point of liquidation.
Wishing you all the luck in this bold venture,
Freddie.
dear fido and freddie,
thank you for your suggestions and well wishes.
Yes i have to implement as i already took decision. Hope things will work out the way as planned if not also whats big deal ...as i dont take them with me when i leave this life...lol..what a philosphy..
btw..freddie call me when you get a chance..need to talk to u about the tool.
rgds
mrk
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MK
