If you are investing in India, you are driving yourself to poverty

[idibezwada]

14 hours ago, verrigadu said:

 

 

Nearly in a bankrupted situation bros...this is the biggest mistake of my life.

2014-15 lo nearly 1 crore INR invested in and around Vijayawada, with the hope that Amaravathi's demand will spill over to VJA.

I transferred when 1 GBP = 90 INR. Now its nearly 110 INR.

Meanwhile:

1. The real estate in VJA collapsed

2. No demand for flats or plots. Invested money on construction of flats which are not selling now due to all these cyclones and bad sentiment in VJA.

3. Getting too difficult to bring money from India to UK.

4. Everyone wants their share - brokers, bankers, real estate agents, money transfer agents....

5. Children do not even have an idea about how things work in India and they can't go and claim after say 10-20 years even if I gift them now.

too high priceslo konte tappa no where its collapsed...the prices went down a little or stagnated

[idibezwada]

16 hours ago, ManOffSteel said:

Bro India lo if you invest in the right places the returns are phenomenal, the kind of return you can’t get in an already developed economy like america. Pre covid or early covid times lo konna villas are now at 3-4 times your original investment. Telangana lo land prices have appreciated by 4 to 5 times since 2019. Before elections a friend was trying to sell his land near Amaravathi for 95L per acre, last minute the buyer backed out as Jagan’s government was not allowing registrations in that area, last month he sold that land for 6.75 crores and now bought a villa in Hyderabad, the under construction villa already appreciated by 1 cr since he bought it and by the time the villas are handed over the prices will be in 11 to 12 cr range. Another friend bought a villa in Mokila for 1.5 cr in 2020, now the same villa is 5 cr+ .  Don’t buy apartments, don’t buy lands that are 15 kilometers from the city and expect the land rates to double in 2 years but if you plan sensibly and buy, you will get good returns and will be set for retirement.

aa rangelo prices ekkada peragaledu uncle..either mee friend neeku sollu esadu..or evadanna broker mee friendki sollu esadu

[Gaali_Gottam_Govinda]

On 11/13/2024 at 8:06 AM, rmJU72 said:

You are forgetting the key point here… A has people and ability to take care of the lands and dispose them when needed, and manage the cash when he sells them.

how many of todays abcd kids can manage them? how many of us can manage them after 20 years when all of our contacts will be gone?

that’s why best is to invest in US stock market and some in US RE.

I'm not talking about ABCD kids..... I'm talking abt us. We're in our 30's and still have 40 years life. 

I'm talking about people who want to eventually return when they retire in 50-60's age.

US stock market investment u already have 15% of pretax-income going into 401K every year how much more do you want to invest?? 

I'm also talking abt compounding and exponential growth. Developing countries offer that, India is in that sweet spot. 

Who knows where US or India will be in 2050-60...... India would pretty much be in same position as US economically by 2060..... Who knows Your ABCD kids will start running back to India to capture the oppurtunity for a startup in India.

[rmJU72]

Looks like that works for you.

in my experience, most people who think they want to go back, never go back. Kids once they grow up and get used to US, never want to settle in India. So US based investments make sense to me. The good part is these investments grow and beat Indian inflation too in the rare case I return