Properties In India

[Konebhar6]

1 minute ago, tables said:

creating demat account on parents will work, ofcourse until they are alive.

Problem is filing taxes and these becoming a headache for them. Having a good CA or a tax consultant will help. But its a lot of hassle giving all the necessary documents. I used to have accounts on parents name but closed them now.

[lollilolli2020]

2 hours ago, Konebhar6 said:

But filled with Snow. Ice cream business tappa emi cheyalevu 😂😂

sun belt ee ley; 
may be persimmons or hickory nuts ki paniki ostayi. 

maa area lo we do truffle farming too but its a long game. 

[tables]

19 minutes ago, Konebhar6 said:

Problem is filing taxes and these becoming a headache for them. Having a good CA or a tax consultant will help. But its a lot of hassle giving all the necessary documents. I used to have accounts on parents name but closed them now.

active buying selling cheste hassle.. but say investing long term , we need to do this once or twice.

[Silent_Boy]

36 minutes ago, Android_Halwa said:

This is one point which many people ignore. Forget about the kids but with demographics changing so fast, I see many people visiting India often than they used to once they hit 50’s. May be once or twice a year. There may be expenses in India, events, parties, get togethers, travel etc and we however need money for such things. 

For that sake, we would need money in India and some small and secure investments by consolidating properties etc and create a fund/income source so that our later years expenses can be managed. At a point, India visit will be very expensive. With the way cost of living increasing, it will be considerable expense to be managed if we do not have any investments in India.

SIP’s, Stocks, Mutual funds etc which are totally in our control without the fear of someone encroaching the lands/properties. 

 

planted oil-palm in my Agri. land.  So that will be my income and expenses in India. 

@Konebhar6, bro did you have Agri. land on your name before applying US passport? 

[Android_Halwa]

1 hour ago, Konebhar6 said:

Makes sense. That's what I do with income in India.

If its long term, say 10 years…Sovereign Gold Bonds works well…again it all depends on the gold rate.

I know a guy in this DB who invested 2 crores around 2019 in SGB’s at average proce of 40-45k/10gms. Its more than doubled now in 5 years, plus no capital gains tax at maturity. Interest is paid twice an year at 2.5%. I know the interest rate is low but without capital gains, and gold standard rate…long term holding can be a good investment. 

[akkum_bakkum]

3 hours ago, Android_Halwa said:

If you are already on GC and plan to become citizen, already have low ties to India and expect ties to diminish over the next one decade, you children do not like to have ties with India or Indian cousins, neither you have any plan to return back ever , then it makes no sense to have properties In India. 

If you consolidate, you will start losing the value and worth, better to sell in bits and pieces and slowly convert to white cash and invest in stocks, mutual funds, SIP’s, sovereign gold bonds etc. take advantage of your parent’s situation for tax concessions and gains. Have yourself names as nominee in such investments. 
 

When ever your parents come to visit you, they can carry up to $10,000 in cash per person. If both parents visit you once per year, you can get upto $20k/year without paying any tax. in laws kuda vasthe mari manchidi, inkoka 20k.

 

annai...evarikaina padi vele...20k raademo

[Konebhar6]

35 minutes ago, Silent_Boy said:

planted oil-palm in my Agri. land.  So that will be my income and expenses in India. 

@Konebhar6, bro did you have Agri. land on your name before applying US passport? 

I have no land on my name yet. Even the ones I bought are on my parents' name. 

[Android_Halwa]

6 minutes ago, akkum_bakkum said:

annai...evarikaina padi vele...20k raademo

Right, family ki 10k

Amma, Nayana mida oka 10k

Atha mama kuda vuntaru kada, vallaki ki kuda oka 10k esukunte aipola…

Vadukovali vaa…

[Konebhar6]

38 minutes ago, tables said:

active buying selling cheste hassle.. but say investing long term , we need to do this once or twice.

Dividends, vagaira vasthai ... You can probably do DRIP. I personally felt it was a hassle. Parents keep getting some or the other notification related to AGM or voting, etc and they get confused. I am glad I closed their accounts and opened DMAT on my name. 

[Konebhar6]

11 minutes ago, akkum_bakkum said:

annai...evarikaina padi vele...20k raademo

 

[Jatka Bandi]

6 hours ago, lollilolli2020 said:

maa kaada per acre price is fractional compared to other states you mentioned. 

water and cost of doing farming? Ala ante Idaho lo konukko. Cheap land. Round the year cheyyalsina avasaram vundadu.

[Galactus]

9 hours ago, ManOffSteel said:

Buy a villa in a gated community in India, let's say after 50 you decide to live in India at least for a few months in an year that villa is going to come in handy and the way villa rates are going up in Hyderabad future lo chala expensive aipotaay konalanna konalem in the nicer parts of the city. Rest everything keep in the US only. 

after 50+ whats the point bro, parents will not be there, friends would have moved on

we will feel lonely 

If parents are still there then yeah, I agree that having some house back in India will be a good option

[kevinUsa]

4 hours ago, Android_Halwa said:

If its long term, say 10 years…Sovereign Gold Bonds works well…again it all depends on the gold rate.

I know a guy in this DB who invested 2 crores around 2019 in SGB’s at average proce of 40-45k/10gms. Its more than doubled now in 5 years, plus no capital gains tax at maturity. Interest is paid twice an year at 2.5%. I know the interest rate is low but without capital gains, and gold standard rate…long term holding can be a good investment. 

Anna edi anta kadu kani 4th work start kagane we will move to kandukur aa lambadi guttala deggara ma uncle di oka 1 acre patta land undi oka ev charging petrol bunk and restaurant petukundam  

[Android_Halwa]

16 minutes ago, kevinUsa said:

Anna edi anta kadu kani 4th work start kagane we will move to kandukur aa lambadi guttala deggara ma uncle di oka 1 acre patta land undi oka ev charging petrol bunk and restaurant petukundam  

Kandukur ? Donga road kelli vunda anna ? Manaki kuda oka acre vundi anna lambadi guttala mida, jara elevation mida vuntadi…farm house type esdam anukunnam kani suttu motham lambadi thandalu vunayi, leni poni lolli ani kite teesukunnam….iyalrepu jara extortions ekuva ayitunayi

[ManOffSteel]

1 hour ago, Galactus said:

after 50+ whats the point bro, parents will not be there, friends would have moved on

we will feel lonely 

If parents are still there then yeah, I agree that having some house back in India will be a good option

Parents or no parents once your kids are off to college people will start feeling a lot more lonely here. I have a big extended family that came to US in the 80s and 90s. All their kids have now left home and visit once or twice an year and I have noticed that my cousins and relatives are traveling more to India and are spending more time in India after the kids left. I have noticed that some reconnect with their old roots in India like siblings, friends, cousins. Some start exploring the spiritual angle Some are exploring NGO activities like charity, developing their old village etc. But one thing for sure you think with your age you might think that your connection with India diminishes but actually it's the other way around, the older you get the more your connection with India.