Expats, your wait for buying a land in your own country is over!!

There is a person in my network who has been living in Ghana for the past 16 years whom I met last month in relation to property investment in India. Though he is an Indian but he does not own any property in India. He told me that he doesn’t have many close relative here now but he does come every alternate year to India just to be in touch with his roots and show his children what diversity in culture is all about. He mostly stays in some Hotel or at distant relative house which is not very comfortable.

I asked him,’ Why you have never purchased any property here? Do you plan to settle abroad only?’

He told me,’Initially I was busy with the work trying to make the best use of the opportunities in hand. Then few years back when I decided to buy something the prices have rocketed and I doubted it would be great decision investing such huge amount in property where I won’t be staying for next 10 to 15 years. But now my visits have become frequent and I mostly come for holidays with family and just want to relax.’

This is just one story, I am sure there would be so many other people who would be in similar situation. With a sudden spike in price of properties in big cities it raises doubts in putting large sum of money in real estate when you don’t want to live permanently and the price in big cities are not appreciating at such a high rate as it used to be.

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Then what is the solution?

Lets try to figure out what is the current market scenario and what NRIs should consider before coming here for investment.

The first and obvious reason why NRI should invest is that you should atleast own some land in your own country especially when you can afford one. It is definitely a moment of pride for NRIs. The other reason for investing in India is that the real estate market all over the world has gone down but in India it will still give you good returns.

Let’s dig a bit more, what does NRI want? There are few points to look at before investing. Given the current scenario it is very important that you don’t invest everything at one place. You should be making small investment. Being an NRI, you won’t be residing here so very important that your investment gives assured rentals and is managed properly by someone. The last but very important aspect is that your investment should appreciate with good rate.

Here is a project which ticks all the above parameters. So it is a must check for all the NRIs looking or considering to put in small investment in their own country. It makes sure you get monthly returns, your property is taken care of in terms of maintenance and there is growth and you have a place where you can come down for a Holiday.

Ekaant – Forest Holiday Homes & Spiritual Center is located in picturesque land of Guhagar and it will be NRI’s investment paradise. It has ‘ekaant’, greenery which soothes your eyes and a relaxing environment. It is just perfect for your Holidays and investment in India.

To know why Guhagar is hot destination for investment click here.

Directors from Wide Wings Corporation are travelling places to promote this project. This week they are participating in Ilford Realty Event organised by HDFC and also can be contacted on Whatsapp at +91 9028996830

You can check our website for more details – www.ekaant.in

You can connect with us on Facebook –https://www.facebook.com/ekaantwidewingscorp/

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Out of the Jungle but still in ‘Ekaant’

In the last article  it was mentioned to investment out of over populated ‘jungle’. Though it is always difficult to go out of your native place and buy a property at a place where you are not living. However, how natural the fear is, it is just a fear. After all, we are not talking about real animals and the real jungle. We have the necessary intelligence and tools available to make sure the decision of investing outside the overpriced city is wise or not.

The other very important point to look before investing in any project is the cost in big cities. There could be two scenarios, either you have enough money to buy a flat or a house for yourself or you take loan from the bank and pay EMIs for years to come, never living a life of your dreams. Very few people fall in former category so we will be talking about later one.

It is not a good time to make big investment that to on a loan. But each one of us has to invest. We have to leave some legacy for our children. So a wise decision would be to invest in developing areas and do a medium size investment where even if you have to take a loan then it will be over in few years and then you can think about another small investment. That should be a game plan now. Find developing areas and do small investments.

One such area is Guhagar in Ratnagiri District. The best thing about this place is peace, zero pollution and no traffic – things of which we cannot even dream in cities.

Guhagar came on the world map in 1992 when Enron (Fortune 500 Company of that time) came to India with biggest foreign investment of that time for a Power Station along with General Electric, Bechtel and Maharashtra Power Development Corporation. After 25 years, Guhagar villages have something else to look forward to and something else which will take it to world map – Ekaant: Forest Holiday Homes and Spiritual Center which will be among biggest Spiritual Centers of Maharashtra in coming years.

Coming back to original question, why an individual should invest in Guhagar? Here is an answer to it – close proximity to the sea makes Guhagar a favourite destination for many power-projects based on imported coal. Hindustan Petroleum Corporation Ltd. (HPCL), a state owned company is going to start a refinery project at Tavsal village, Guhagar. The estimated cost of the oil refinery will be Rs. 40,000 crore. The company requires 4,000 hectares for their refinery having a capacity of nine-million-tonnes. Lot of jobs and hence developments are projected for this place for this reason.

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The other benefit is connectivity. The government of India has identified 16 stretches of roads within Maharashtra that need to be widened to de-congest state highways. One of them is Chiplun-Guhagar.

Big players from shipping industry have already seen a growth over there and lot of big companies are coming to Dabhol creek as it is going to be next sea port for exports of goods.

With so much happening in the area it is best time to invest in the Guhagar. Keeping in mind all the development, Wide Wings Corporation has launched Ekaant there which not only offers land to you and your generations to come but also recurring income as monthly rentals. Check what is on offer here.

You can also complete check details at – www.ekaant.in

You can also like our Facebook Page for continuous updates – www.facebook.com/ekaantwidewingscorp/