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

psycontr

By psycontr
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idibezwada LEGEND

idibezwada

Posted
Posted
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

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Because they're not stupid and live in reality and the price won't be the same in 10 years vs what its now.  The price of Avg villa in 2014 - 1.5 crore.... Now its 7-8 Crores Here is the real lif

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Ikkada settle avvali ante vaadu vaadu konnadu veedu konnadu ani no thinking Ind la villas ne villas. Back veltham ante one kompa is more than enough. Almost antha 40+ inkoka 20 years lo ruppe value as

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I still dont understand why NRIs are buying villas, lands, agriculture lands, farm houses in india. one house that too if your parents are staying in that is enough. you can always buy once

idibezwada LEGEND

idibezwada

Posted
Posted
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

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