Why are NRIs buying property

[Ryzen_renoir]

2 minutes ago, hydusguy said:

investments in india is good.. if u r planning to stay there in old age.

but i would hold investing in india.. until there are property mgmt companies which can take of properties on commission base

Until the legal system is fixed forget about investing in property 

Some NRI leased his apartment at manjeera homes  and it turns out tenant was a Christian preacher and stopped paying rent after 3 months and was threatening to put SC/ST case on owner. 

Even lawyers suggested compromising with the tenant as no judge will take up SC/st cases and it will be delayed for years. 

Owner paid money in reverse to vacate the apartment and promptly sold it afterwards 

 

[hunkyfunky2]

1 hour ago, tables said:

in INDIA?

you guys anyways will not come to India, and it is very difficult to sell in INDIA and bring money to US.

one home for parents to live and for you to stay when you visit them is enough.

don’t buy real estate in INDIA.

All uncles Stopped buying long back .. Main worry now is how to get money back...each and every person that I know has this headache

[tables]

1 minute ago, hunkyfunky2 said:

All uncles Stopped buying long back .. Main worry now is how to get money back...each and every person that I know has this headache

exactly, even i know 2 uncles having same headache. whenever my dad speaks to that uncle he is always bringing this topic. 

[veerigadu]

1 minute ago, Ryzen_renoir said:

Until the legal system is fixed forget about investing in property 

Some NRI leased his apartment at manjeera homes  and it turns out tenant was a Christian preacher and stopped paying rent after 3 months and was threatening to put SC/ST case on owner. 

Even lawyers suggested compromising with the tenant as no judge will take up SC/st cases and it will be delayed for years. 

Owner paid money in reverse to vacate the apartment and promptly sold it afterwards 

 

Yes we encountered similar situation recently. We hired a fellow sc/st based rowdy and g pagal kottisthe. 3 days lo vacated. In India you can’t rely on law all the time. Sometimes money and muscle needs to be exercised. 

[tables]

Just now, veerigadu said:

Yes we encountered similar situation recently. We hired a fellow sc/st based rowdy and g pagal kottisthe. 3 days lo vacated. In India you can’t rely on law all the time. Sometimes money and muscle needs to be exercised. 

not sometimes , it is the only way things work in india and that is a big worry.

[Ryzen_renoir]

5 minutes ago, veerigadu said:

Yes we encountered similar situation recently. We hired a fellow sc/st based rowdy and g pagal kottisthe. 3 days lo vacated. In India you can’t rely on law all the time. Sometimes money and muscle needs to be exercised. 

The problem is as an absentee NRI you can't do this unless you know people 

In a civilised country government apparatus will take care of such problems easily without any connections

[JackSeal]

41 minutes ago, Ryzen_renoir said:

Until the legal system is fixed forget about investing in property 

Some NRI leased his apartment at manjeera homes  and it turns out tenant was a Christian preacher and stopped paying rent after 3 months and was threatening to put SC/ST case on owner. 

Even lawyers suggested compromising with the tenant as no judge will take up SC/st cases and it will be delayed for years. 

Owner paid money in reverse to vacate the apartment and promptly sold it afterwards 

 

Anduke no rent to SC/ST ani vijawayada lo boards pedtharu anta

[Ryzen_renoir]

8 minutes ago, JackSeal said:

Anduke no rent to SC/ST ani vijawayada lo boards pedtharu anta

SC/st issues is all over india but vijaywada has same caste policy 

[ysshakeela]

9 hours ago, veerigadu said:

Yes we encountered similar situation recently. We hired a fellow sc/st based rowdy and g pagal kottisthe. 3 days lo vacated. In India you can’t rely on law all the time. Sometimes money and muscle needs to be exercised. 

Is this Yesu Reddy CM of AP ?