Sharing the lifelong journey of investing in all it's forms


I would be buying in India; I have never been there, but I follow the Mumbai exchange (you have to be a resident to invest there stock exchange too).

But you have to be a resident to buy. Otherwise I would be buying, I have an Indian friend who have purchased in the middle of Chennai two bedroom apartments six years ago for less than 30,000 US. He went over officially paying it off, and picking up the property papers earlier this year and got appraisal worth over 60,000US.

Let me stress again, if I was able to buy there I would in a flash. It’s fundamental look at supply and demand. It’s India the population is growing quicker than anywhere on the planet.

Here is one of main reason I can’t

1) The property to be purchased is for residential use only.
Therefore you need a residence permit first to prove you can buy a property, for you to live and reside in India.

Next place would be China, Shanghai in particular. And a nonresident can’t invest in there A class shares either.

From the research I have done looks like you have to have lived in china for over a year, and can only buy for personal use.

And if you are Chinese go for it, and the stock market well what can I say I am very very jealous.

Foreigners can get into the share market lower class shares normally through mutual funds but if you could wouldn’t you want the choice of the top.

Now I understand why both the Indian and Chinese government do this, it’s very sensible really given the property bubbles there has been. They don’t want foreigners jacking up the prices for quick gains.

One of References used for this

http://www.indiamike.com/india/property-in-india-f105/non-indian-citizens-buying-property-in-india-some-guidelines-t2300/