NRIs moving from the US to India: How much salary to expect

[Guynextdoor]

well i thought so ..... well better buy a slammer property in Banglore city or if near new delhi then Gurgaon sec 82 or near new upcoming airport in jhewar

Golfshire is great if you're a 'C' level exec. It's not a 'home'. It gives you multi-millionaire neighbors, golf course to wine and dine your C level friends, attached JW Marriot and so on. It's 10 mins from the Airport and has the harrow school (yes, the UK school has an extension) nearby. And great view of Nandi hills.

If your just a normal 'middle class' or 'upper middle class' guy looking for a nice place for family then this is not the place for you. TE should be your stretch goal.

PGS is actually a nice place if you have the cash.

This is harrow- very close to PGS and Embassy Bulevard

 

[AjayGhatak]

I have a former colleague who moved back and she landed a $350k package for India - frankly, she was living a good life here but in India she is now royalty

I did that arithmatic quite a few times actually. I earn in that range, mostly in equity. The reality is this : You can buy a rolls royce or merc or tesla in India but you will never be able to buy a road or a traffic decent enough to drive in it. You can buy the most beautiful home but you can never buy clean air.

 

[AjayGhatak]

That's about 3.5 Crore. @AjayGhatak with a similar package and a big stretch maybe she could park herself at the Prestige Golfshire. Not an architectural womder unfortunately but very big and barbacue, private simming pool and Golf views! to wine and dine and schmmoze boss and client!!

So lets say she lives in Prestige Golfshire, if she needs to travel to Jayanagar even every other day thats how much of drive? Google map shows 50 KM. Wonderful.

Here is even more wonderful part. The nearest non-descript hospital to that "Golfshire" is minimum 10 KM. Colombia Asia, Rajaji Nagar, admittedly the best hospital in Bengaluru is 44 KM.

Thats like a different city distance.

I do wonder if they have a helipad in Golfshire. Given the distance and the kind of people they want to attract, they should build one. Take a helicopter ride from airport. Too bad not all offices in bangalore have a helipad on the roof top. Infact most dont.

This is the prime example of unplanned development and why it should be avoided like plague.

 

[AjayGhatak]

has the harrow school (yes, the UK school has an extension)

Common sense : If you want your kid to have UK education, would it not make more sense to move to UK itself? Why try to have a cheap Indian imitation? Move to UK and be done with it.

 

[Guynextdoor]

Common sense : If you want your kid to have UK education, would it not make more sense to move to UK itself? Why try to have a cheap Indian imitation? Move to UK and be done with it.

Easy to explain. With 3 million USD (say about 30 crore), I can work out how you can live your whole life as an extremely rich man in India with plenty to grow left. ven if you don't have any further income. Max in UK will be 'upper middle class'

my split-

Risk free monthly income- 10 crore in life annuities- good players like HDFC, SBI etc. give about 70k per month for 1 Cr till death. Means 7 lakhs per month for my income.

10 crore in high end real estate- I would pick up Embassy boulevard. Keep it for life to live king size.

10 crore left for equity investments or other riskier invisemnt .

My car- Taigun or Good mid range high end car like Skoda Slivia/ Superb

If I don't earn a single penny I would still be set up for life. Not possible in UK. And Harrow in UK is reserved only for elites. You won't get admission there. Bangalore is your only chance.

As for the rest, Bng is not static and is constantly growing. A MASSIVE metro is taking a lot of people off the roads and is running full. Roads are being built everywhere. With time things will ease.

 

[Oscar]

That's about 3.5 Crore. @AjayGhatak with a similar package and a big stretch maybe she could park herself at the Prestige Golfshire. Not an architectural womder unfortunately but very big and barbacue, private simming pool and Golf views! to wine and dine and schmmoze boss and client!!

But I won't go for Golfshire. I am humble man who belives in Simple Living and High Thinking so maybe Sobha City is better for me

In her defense she is an AI data SME - brilliant gal.

 

[AjayGhatak]

Easy to explain. With 3 million USD (say about 30 crore), I can work out how you can live your whole life as an extremely rich man in India with plenty to grow left. ven if you don't have any further income. Max in UK will be 'upper middle class'

With 3 million dollars you can retire in MOST parts of the world including USA, UK, Australia etc. Put 3 million dollars in 40-60 ratio of bonds and diversified equity (divident paying ones) and you can get a return of 3-4% easily. Thats 120K each year. Keep a buffer of 200-300K for really bad economic times and you will do fine anywhere. Heck most people in the world do not earn that much. You can get top of the line insurance etc.

Assuming you earned this over a period of time, it will be fair to say that you have a fully paid off home. So yeah, 120K per year is a very good amount to retire. Even if you earned it all at once (say lottery), you can get "rent to own" deal houses. You can get a very great place to live in US, Australia, Canada with an income of 120K each year with rent to own in over 20 years.

Problem with India is, even with massive purchasing power, its quality of living sucks big time. This is why anyone with that kind of money will be looking to move out of it.

 

[AjayGhatak]

In her defense she is an AI data SME - brilliant gal.

Actually thats a pretty standard salary in SF for a senior software eng in specific companies.