Comments on: A Potpourri of NPR

By: Brij

Brij — Sun, 09 Sep 2007 16:11:55 +0000

I have heard various versions of this news story, but until today, it didn't occur to me that one of the biggest reasons for this is National Security

All this gung-ho about "globalization/outsourcing = more opportunities" for everybody holds good only for "neutral" business/technology areas. There is a sizeable amount of high-end business (direct &indirect) in both neutral and non-neutral fields that will not be allowed to go abroad or have foreign "influence" for reasons like foreign ownership of critical infrastructure, security concerns and intellectual property issues. These will act as dampeners on globalization because very soon the desire by developing countries to rise up the value chain will hit a road block against such protectionism. So there will be lot ot turmoil and re-division of the world into blocs and cartels.

By: Seeker

Seeker — Sat, 08 Sep 2007 07:41:00 +0000

All this talk of whether or not would one move to India, now or later reminds me of a curious trend. A number of non-indians - British, in majority from what I understand, have been quietly relocating to India in their senior years. One of the major draws - low cost of living so pension money goes much farther, easy hired help, good climate and relaxation in places like Goa. Check out indiamike.com - this is where I'd read a long thread about relocating to India. The folks here truly are India lovers, and you will find the best, most detailed info and comments about any/all aspects of India.

By: Mytri

Mytri — Sat, 08 Sep 2007 00:11:28 +0000

People who had ancestral property in Malleshwaram, Bangalore have hit the jackpot. It is going in the crores just for the land. We looked at a site 60X 35 in Jayanagar. Very plainly he told us it was 98 lakhs and then closing costs which is almost another 15-20 lakhs. I just fainted right beside my husband.

By: Puliogre in da USA

Puliogre in da USA — Fri, 07 Sep 2007 22:21:41 +0000

My cousins who settled in Hyderabad are minting money on real estate.

its a scary investment. trees dont grow to the sky.

By: Pravin

Pravin — Fri, 07 Sep 2007 22:19:40 +0000

My mom sold her land in Andhra in the late 90s since she felt there was nothing left for her to go to in India(my grandparents have both passed away). Talk about terrible timing. I tried to talk her out of it. Now that land is worth many times over. As far as Hyderabad, if you had land for the last 10 years, you hit the motherload. My cousins who settled in Hyderabad are minting money on real estate.

By: Kush Tandon

Kush Tandon — Fri, 07 Sep 2007 21:51:49 +0000

What do ABDs plan to do with ancestral property (if any) in India once your parents are gone? It would be foolish to ignore it and just leave it alone, since it represents real money (and if you ignore it, people will occupy it and that's a whole other headache)...but dealing with it or trying to sell it would be very tough for the average ABD.

I think if it is too precious and big, you go back to manage it.

One of my relative (he is a Wharton graduate, and worked for DuPont for long time), went back, took a job in India, and primarily to manage his property. His parents were still alive.

Same with politicians......one example is Charan Singh's son Ajit Singh or for that matter ex- US marine son of Somalia's warlord Adid.

By: Puliogre in da USA

Puliogre in da USA — Fri, 07 Sep 2007 21:49:51 +0000

What do ABDs plan to do with ancestral property (if any) in India once your parents are gone? It would be foolish to ignore it and just leave it alone, since it represents real money (and if you ignore it, people will occupy it and that's a whole other headache)...but dealing with it or trying to sell it would be very tough for the average ABD.

no ancestrap properties, although i bought a bunch of properties out there. was a $hitsh0w to buy. im sure it will be even more of a $hitsh0w to hold and sell.

By: lifelong

lifelong — Fri, 07 Sep 2007 21:47:47 +0000

Amitabh,

I did this. SOld both properties left to me by my dad. Of course, I'm bonking myself on the head now. But, I had to take all of my annual leave for 2 consecutive years to accomplish this.

By: Amitabh

Amitabh — Fri, 07 Sep 2007 21:45:58 +0000

What do ABDs plan to do with ancestral property (if any) in India once your parents are gone? It would be foolish to ignore it and just leave it alone, since it represents real money (and if you ignore it, people will occupy it and that’s a whole other headache)…but dealing with it or trying to sell it would be very tough for the average ABD.

By: Kush Tandon

Kush Tandon — Fri, 07 Sep 2007 21:39:54 +0000

all the best, lifelong

last year, according Indian embassy/ consulate, they saw a huge jump PIOs moving to India.

How could i have forgotten Israel in all the discussion. A significant % of Jewish Americans have dual citizenships.

The ones who move to Israel know their life will be not what is in Manhattan but they do it.

Ireland is also becoming a huge retirement community for Irish Americans, apart from business opportunities.