Indian Americans, NRIs and Indians in America may need to relocate for work or other family reasons.
Perhaps the biggest challenge facing those relocating: what to do with my house; Sell or rent? While selling one’s house is an option, some people might opt to retain the property and continue to build equity on it. In addition to equity, one can generate rental income that will compensate for the expenses. Absentee landlords generally engage the services of a trustworthy local property manager who can manage one’s property remotely.
Many NRIs also opt to retain their property in the US even after moving back to India and might rent it out via a property manager.
In a new section of GaramChai.com (link), we present a first-hand account of an absentee landlord in America. Absentee landlord is an economic term for a person who owns and rents out a profit-earning property, but does not live within the property’s local economic region.
Baba Ramdev and his associate Acharya Balkrishna of consumer goods company Patanjali are working on a unique form of renewable energy: Bull power.
Research of over one and a half years on the idea to generate electricity with the aid of a bull’s pulling power has yielded initial success. The aim is to ensure that the animals don’t get sent to slaughter.
The experiment is the brainchild of Balkrishna, managing director and primary stakeholder of Patanjali, and involves a leading Indian multinational automobile manufacturer and a Turkish partner. A prototype has been designed and is being tweaked to generate more electricity.
So far the design, involving a turbine, has managed to yield nearly 2.5 kilowatts of power, said those aware of the research project.
“At a time when more and more male bovines are being slaughtered, we want to change the perception that they (bulls) are not very valuable,” Balkrishna told ET, confirming that Patanjali is conducting research on this at its sprawling Haridwar headquarters “While in the morning they can be used in the farms, in the evening they can be utilised for generation of electricity.”
The article and the interesting headline leaves a lot to our imagination, especially since the technique is unproven and hasn’t been demonstrated at scale. If it does succeed, it will be an interesting innovation to watch.
Patanjali to generate power using bulls – Baba Ramdev’s Patanjali working on power generation using bulls. After FMCG, Yoga Guru Baba Ramdev’s Patanjali Ayurved is reportedly eyeing to enter the power generation sector.
Baba Ramdev is bringing Brazilian bull power to Indian cows – Months after announcing Rs 500 crore investment to improve the productivity of Indian cows, Yoga guru Baba Ramdev has planned to go for artificial insemination with the aim of producing 92 per cent female offspring in India. Artificial insemination programme will be run with semen from Brazilian bulls and technical support from US and Dutch experts.
The Narendra Modi-led government has given a significant boost to the confidence of the non-resident Indians (NRIs), with their investment into the primary residential real estate market expected to almost double this year.
About $11.5 billion of investment by NRIs is expected to come in the new home or primary residential market across top 8 major cities in 2017, against $6 billion in 2013, according to a report by real estate transaction platform Square Yards.
“It is believed that the new change in government has infused new sense of confidence about the prospects of Indian economy,” said Kanika Gupta Shori, COO and co-founder, Square Yards.
Over 20% of NRI investment in Indian real estate comes from the United Arab Emirates (UAE), followed by other major NRI populated countries such as the USA and the Kingdom of Saudi Arabia. Other countries such as Canada, the UK, Singapore & Australia also source of substantial NRI capital inflow in Indian realty.
“A depreciating Rupee against the dollar and other currencies have added further impetus to the rise of momentum of NRI investment into the Indian real estate,” she said.