Mayday
05-09 11:41 PM
btw, I found the law:
(a) An applicant who is not a citizen or lawful permanent resident of the United States must present valid documentation issued by the United States Department of Justice, United States Department of State, United States Department of Homeland Security, United States Immigration and Naturalization Service, United States Bureau of Citizenship and Immigration Services, or any successor agency of the aforementioned that shows lawful temporary admission to the United States.
(1) An applicant whose lawful admission period is more than six months but less than the full term of a driver license or identification certificate will be issued a driver license or identification certificate with a status date displayed that coincides with the expiration of the applicant's lawful admission period in the United States.
(2) If the lawful admission period in the United States indicated on the document presented by the applicant expires in less than six months from the date of application, no driver license or identification certificate may be issued.
(3) If the document presented by the applicant to demonstrate lawful temporary admission indicates an indefinite expiration date, the driver license or identification certificate will be issued with a status date displayed of one year from the date of application.
(b) In the event the applicant's status is updated or extended, the applicant must present valid documentation of such status change or extension to obtain a duplicate driver license or identification certificate with an updated status date.
(c) The driver license or identification certificate will be cancelled if within 45 days from the status date the applicant is unable to present valid documentation showing a status change or extension of admission period.
it's full title is:
Texas Administrative Code
TITLE 37 PUBLIC SAFETY AND CORRECTIONS
PART 1 TEXAS DEPARTMENT OF PUBLIC SAFETY
CHAPTER 15 DRIVER LICENSE RULES
SUBCHAPTER K SPECIAL PROVISIONS FOR NON-CITIZENS
RULE �15.171 Issuance of Driver Licenses and Identification Certificates to Non-citizens
or shorter: 37 TAC �15.171
(a) An applicant who is not a citizen or lawful permanent resident of the United States must present valid documentation issued by the United States Department of Justice, United States Department of State, United States Department of Homeland Security, United States Immigration and Naturalization Service, United States Bureau of Citizenship and Immigration Services, or any successor agency of the aforementioned that shows lawful temporary admission to the United States.
(1) An applicant whose lawful admission period is more than six months but less than the full term of a driver license or identification certificate will be issued a driver license or identification certificate with a status date displayed that coincides with the expiration of the applicant's lawful admission period in the United States.
(2) If the lawful admission period in the United States indicated on the document presented by the applicant expires in less than six months from the date of application, no driver license or identification certificate may be issued.
(3) If the document presented by the applicant to demonstrate lawful temporary admission indicates an indefinite expiration date, the driver license or identification certificate will be issued with a status date displayed of one year from the date of application.
(b) In the event the applicant's status is updated or extended, the applicant must present valid documentation of such status change or extension to obtain a duplicate driver license or identification certificate with an updated status date.
(c) The driver license or identification certificate will be cancelled if within 45 days from the status date the applicant is unable to present valid documentation showing a status change or extension of admission period.
it's full title is:
Texas Administrative Code
TITLE 37 PUBLIC SAFETY AND CORRECTIONS
PART 1 TEXAS DEPARTMENT OF PUBLIC SAFETY
CHAPTER 15 DRIVER LICENSE RULES
SUBCHAPTER K SPECIAL PROVISIONS FOR NON-CITIZENS
RULE �15.171 Issuance of Driver Licenses and Identification Certificates to Non-citizens
or shorter: 37 TAC �15.171
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dhirajs98
12-24 12:59 PM
USCIS has not even posted January processing times till now. This should have been published by Dec 15th.
God only knows what game they are playing.
God only knows what game they are playing.
gc28262
08-08 08:30 AM
Since we are trying to address I-140 delays in general at TSC and NSC, can we just send a general letter to Ombudsman's office without specifying our case and DHS Form 7001 ?
This way it will turn out to be a letter campaign.
What do you think ?
This way it will turn out to be a letter campaign.
What do you think ?
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gctest
09-13 04:10 PM
People, most of us here are just afraid that they will get red dots, be ridiculed for their beliefs. But the things is; If we don't fight for our rights, who will. We have to defend our place in the queue, which at the moment is at substantial risk.
Here is the form you can fill out to express support:
http://spreadsheets.google.com/viewform?key=pfq9i31UpaJcQdUK-1PaKcg&hl=en
View the read only document here:
http://spreadsheets.google.com/ccc?key=pfq9i31UpaJcQdUK-1PaKcg&hl=en
I want everybody to get their GCs. but now interfiling/porting is hurting out position in the queue.
If you are not aware, a good bunch of EB3s are now trying to interfile & port their PDs which are between 2001 - 2005 to EB2.
This will potentially put tens of thousands of people in the EB2 queue before most people in EB2 who are waiting.
These people were not eligible for EB2 when they filed their own labor.. so they should NOT BE ALLOWED TO PORT THEIR OLD PDs. Sure EB3 can Interfile .. but you will get a new PD ... the date you interfile.
If we just keep looking... there will be a huge retrogression in EB2. And its not like these EB3 people will get through with the interfiling/porting. Most of them will be issued RFEs. Their labor apps will be audited and their primary EB3 apps will be cancelled. Infact, 85% of interfiling will never successfully make it through. And its not like it will help the EB3 brothers. That queue will still be long... because they are not going to withdraw their EB3 apps.
Also, while they will not succeed in interfiling/porting, they still will have their apps with USCIS and USCIS will sit on them before eventually issuing NOID. Sad part is they will count these when giving numbers to DOS for setting visa bulletins.
This PD porting is the last "not so ethical & legal" thing after labor substitution.. that we need to Put a cork on.
If we don't act now... then we can all expect to stay in AOS for the next 5 years. This holds for both EB2 and EB3.
I want everybody to get their GCs. I also am OK with the wait.
But anything that threatens my position in the queue is not acceptable.
Here is the form you can fill out to express support:
http://spreadsheets.google.com/viewform?key=pfq9i31UpaJcQdUK-1PaKcg&hl=en
View the read only document here:
http://spreadsheets.google.com/ccc?key=pfq9i31UpaJcQdUK-1PaKcg&hl=en
I want everybody to get their GCs. but now interfiling/porting is hurting out position in the queue.
If you are not aware, a good bunch of EB3s are now trying to interfile & port their PDs which are between 2001 - 2005 to EB2.
This will potentially put tens of thousands of people in the EB2 queue before most people in EB2 who are waiting.
These people were not eligible for EB2 when they filed their own labor.. so they should NOT BE ALLOWED TO PORT THEIR OLD PDs. Sure EB3 can Interfile .. but you will get a new PD ... the date you interfile.
If we just keep looking... there will be a huge retrogression in EB2. And its not like these EB3 people will get through with the interfiling/porting. Most of them will be issued RFEs. Their labor apps will be audited and their primary EB3 apps will be cancelled. Infact, 85% of interfiling will never successfully make it through. And its not like it will help the EB3 brothers. That queue will still be long... because they are not going to withdraw their EB3 apps.
Also, while they will not succeed in interfiling/porting, they still will have their apps with USCIS and USCIS will sit on them before eventually issuing NOID. Sad part is they will count these when giving numbers to DOS for setting visa bulletins.
This PD porting is the last "not so ethical & legal" thing after labor substitution.. that we need to Put a cork on.
If we don't act now... then we can all expect to stay in AOS for the next 5 years. This holds for both EB2 and EB3.
I want everybody to get their GCs. I also am OK with the wait.
But anything that threatens my position in the queue is not acceptable.
more...
tinamatthew
07-22 06:50 PM
I am glad to see sked A here. I have been following this forum for a long time now and there is nothing for healthcare prof though the discussions were very helpful. As I can see it, the july VB put benefits on those going through AOS but as a result those whom I know who are scheduled for interview in their home countries in AUg. was cancelled.
That is sad news!! I can just imagine how they feel, after waiting so long! Anyway lets hope something positive happens for the Oct bulletin.
A hospital I know is SO short of nurses they are offering them GREAT incentives to take on extra shifts. I mean it is an ACUTE shortage.
That is sad news!! I can just imagine how they feel, after waiting so long! Anyway lets hope something positive happens for the Oct bulletin.
A hospital I know is SO short of nurses they are offering them GREAT incentives to take on extra shifts. I mean it is an ACUTE shortage.
mbawa2574
07-06 01:38 AM
From last 2 years I have not seen activity other than Aman, Himanshu & Puneet.
What are other boys doing in the team ? We need election guys. This is not Iran :-)
Aman Kapoor is the co-founder of Immigration Voice and is our liaison with other groups and agencies. Mr. Kapoor has been working in US for the last eight years. The prolonged employment-based immigration process has continued to hurt Mr. Kapoor�s career growth prospects. Mr. Kapoor possesses strong technical skills and has contributed in many high profile projects with large clients across the country. He has a Bachelors� degree in Engineering and is presently pursuing his MBA. His permanent residency application is being processed and the I-485 approval has been pending for more than 28 months. Mr. Kapoor and his family are now on third year EAD and continue to await approval of their Green Card application. Mr. Kapoor�s handle is WaldenPond and his email is aman@immigrationvoice.org
Himanshu is an advertising and design professional with Masters from a US university and undergraduate from a top Institute in India. He has an illustrious career working with leading companies has won numerous awards. His Green card application was stuck at the Backlog Elimination Center and after lot of wait, changed his employer, started his process all over again with a new PD. He is responsible for media, publicity and funding efforts of Immigration Voice. His ID on Immigration Voice is 'pappu' and can be reached at himanshu@immigrationvoice.org
Nagaraj is a Systems Analyst working in the health care industry for the past 5 years on a H-1 Visa. His tag on IV is indio0617. He has degrees in Physics and Computer Information systems from the University of Madras and University of Houston ,respectively. His Green card application is stuck in the Backlog Center with a pending labor certificate since February 2004. He can be contacted at nagaraj@immigrationvoice.org
Naren has a Masters in Engineering from a US university and works as a Project Manager for a FORTUNE Top 10 Employer Company. Naren has had extensive global experience in business continuation, service delivery, as well as account management with leading Global corporations. Like several others, he is affected by retrogression. Naren is responsible for the Free Immigration Advice Program at IV (Au Gratis) and liaises with immigration attorneys as part of this role. His handle is sertasheep and he can be reached at sertasheep@immigrationvoice.org
Pratik has an MBA degree from a US university and MSc degree from India . He is currently working as a Marketing Consultant. He has worked with several companies in , Europe and US. His I-140 is in process and he will follow others in the queue to file I-485. The unavailability of Employment Based Visa's restricts him from making any kind of long term commitments. He can be contacted at pratik@immigrationvoice.org
Puneet is an Endocrinologist practicing in a major urban health care system located in an underserved area. He graduated from the All India Institute of Medical Sciences and has trained at NYU and the Mayo Clinic. He leads the Minnesota chapter of IV and is currently helping build the IV-Physicians chapter. He recently filed a National Interest Waiver, after USCIS finally accepted the eligibility of specialist physicians for the program. The delayed priority date however, means a long wait for a green card. He lives in the twin cities with his wife (who is pursuing a PhD) and their 3 year old daughter.His IV handle is 'Paskal'.
Rajatish Mukherjee is a Software Developer in one of the world's largest software companies. He came to US in the year 1999. In Mar 2005, his employer started his green card application; his labor certification is still pending at the Dallas Labor Backlog Center . He holds a Bachelors degree in Computer Science & Engineering from and a Masters in Computer Science from US. He is currently looking at another 4-6 years of waiting before he can file his I-485 and probably another 2 years after that to get the green card. In the meantime he cannot make any important decisions like investment commitments. Rajatish's id on Immigration Voice is mrajatish and he can be reached at raj@immigrationvoice.org
Xiheng is a software engineer helping develop trading platforms in the financial industry. He didn't want to be stuck in a position where he didn't see much career growth, especially hindered by a BEC'ed labor certification, and therefore, he joined a new company that sponsored his PERM application in the EB3 category. After witnessing the great efforts of Immigration Voice in May/June 2006, he decided on two things: 1) petition his employer to refile his PERM in EB2/China category, and 2) help Immigration Voicce out as he can. He hopes to help this organization with the paid membership drive initiative. His handle is xu1.
What are other boys doing in the team ? We need election guys. This is not Iran :-)
Aman Kapoor is the co-founder of Immigration Voice and is our liaison with other groups and agencies. Mr. Kapoor has been working in US for the last eight years. The prolonged employment-based immigration process has continued to hurt Mr. Kapoor�s career growth prospects. Mr. Kapoor possesses strong technical skills and has contributed in many high profile projects with large clients across the country. He has a Bachelors� degree in Engineering and is presently pursuing his MBA. His permanent residency application is being processed and the I-485 approval has been pending for more than 28 months. Mr. Kapoor and his family are now on third year EAD and continue to await approval of their Green Card application. Mr. Kapoor�s handle is WaldenPond and his email is aman@immigrationvoice.org
Himanshu is an advertising and design professional with Masters from a US university and undergraduate from a top Institute in India. He has an illustrious career working with leading companies has won numerous awards. His Green card application was stuck at the Backlog Elimination Center and after lot of wait, changed his employer, started his process all over again with a new PD. He is responsible for media, publicity and funding efforts of Immigration Voice. His ID on Immigration Voice is 'pappu' and can be reached at himanshu@immigrationvoice.org
Nagaraj is a Systems Analyst working in the health care industry for the past 5 years on a H-1 Visa. His tag on IV is indio0617. He has degrees in Physics and Computer Information systems from the University of Madras and University of Houston ,respectively. His Green card application is stuck in the Backlog Center with a pending labor certificate since February 2004. He can be contacted at nagaraj@immigrationvoice.org
Naren has a Masters in Engineering from a US university and works as a Project Manager for a FORTUNE Top 10 Employer Company. Naren has had extensive global experience in business continuation, service delivery, as well as account management with leading Global corporations. Like several others, he is affected by retrogression. Naren is responsible for the Free Immigration Advice Program at IV (Au Gratis) and liaises with immigration attorneys as part of this role. His handle is sertasheep and he can be reached at sertasheep@immigrationvoice.org
Pratik has an MBA degree from a US university and MSc degree from India . He is currently working as a Marketing Consultant. He has worked with several companies in , Europe and US. His I-140 is in process and he will follow others in the queue to file I-485. The unavailability of Employment Based Visa's restricts him from making any kind of long term commitments. He can be contacted at pratik@immigrationvoice.org
Puneet is an Endocrinologist practicing in a major urban health care system located in an underserved area. He graduated from the All India Institute of Medical Sciences and has trained at NYU and the Mayo Clinic. He leads the Minnesota chapter of IV and is currently helping build the IV-Physicians chapter. He recently filed a National Interest Waiver, after USCIS finally accepted the eligibility of specialist physicians for the program. The delayed priority date however, means a long wait for a green card. He lives in the twin cities with his wife (who is pursuing a PhD) and their 3 year old daughter.His IV handle is 'Paskal'.
Rajatish Mukherjee is a Software Developer in one of the world's largest software companies. He came to US in the year 1999. In Mar 2005, his employer started his green card application; his labor certification is still pending at the Dallas Labor Backlog Center . He holds a Bachelors degree in Computer Science & Engineering from and a Masters in Computer Science from US. He is currently looking at another 4-6 years of waiting before he can file his I-485 and probably another 2 years after that to get the green card. In the meantime he cannot make any important decisions like investment commitments. Rajatish's id on Immigration Voice is mrajatish and he can be reached at raj@immigrationvoice.org
Xiheng is a software engineer helping develop trading platforms in the financial industry. He didn't want to be stuck in a position where he didn't see much career growth, especially hindered by a BEC'ed labor certification, and therefore, he joined a new company that sponsored his PERM application in the EB3 category. After witnessing the great efforts of Immigration Voice in May/June 2006, he decided on two things: 1) petition his employer to refile his PERM in EB2/China category, and 2) help Immigration Voicce out as he can. He hopes to help this organization with the paid membership drive initiative. His handle is xu1.
more...
beppenyc
03-16 10:15 AM
Frist Sets Date for Immigration Debate
(CNSNews.com) - Senate Majority Leader Bill Frist said he will bring an immigration reform bill to the Senate floor later this month, something that will force debate on a guest worker program supported by some Republicans but opposed by others. The Judiciary Committee hasn't completed work on what it calls a "very complicated" bill: Critics oppose any moves to give temporary workers amnesty. The House passed an immigration bill last year that does not address the guest worker issue. Read News on the Web
(CNSNews.com) - Senate Majority Leader Bill Frist said he will bring an immigration reform bill to the Senate floor later this month, something that will force debate on a guest worker program supported by some Republicans but opposed by others. The Judiciary Committee hasn't completed work on what it calls a "very complicated" bill: Critics oppose any moves to give temporary workers amnesty. The House passed an immigration bill last year that does not address the guest worker issue. Read News on the Web
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vandanaverdia
09-10 03:54 PM
p_aluri... Thank you for your contribution....
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bugs2007
06-10 01:07 PM
Hi,
I am sure you all have seen the bulletin:
F. EMPLOYMENT THIRD PREFERENCE VISA AVAILABILITY
Demand for numbers, primarily by USCIS for adjustment of status cases, will bring the entire Employment Third preference category to the annual numerical limit by the end of June. As a result, this category will become “unavailable” beginning in July and will remain so for the remainder of FY-2008. Such action will only be temporary, however, and Employment Third preference availability will return to the cut-off dates established for June in October, the first month of the new fiscal year.
Does this mean that all the numbers for EB3 have been used up, and there will be no more EB3 cases processed till Oct 2008, and hence the category is U;
or
Does it mean that they will continue to process the cases but the category is U for filing any new cases till Oct 2008?
Thank you.
I am sure you all have seen the bulletin:
F. EMPLOYMENT THIRD PREFERENCE VISA AVAILABILITY
Demand for numbers, primarily by USCIS for adjustment of status cases, will bring the entire Employment Third preference category to the annual numerical limit by the end of June. As a result, this category will become “unavailable” beginning in July and will remain so for the remainder of FY-2008. Such action will only be temporary, however, and Employment Third preference availability will return to the cut-off dates established for June in October, the first month of the new fiscal year.
Does this mean that all the numbers for EB3 have been used up, and there will be no more EB3 cases processed till Oct 2008, and hence the category is U;
or
Does it mean that they will continue to process the cases but the category is U for filing any new cases till Oct 2008?
Thank you.
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perm
09-10 10:47 AM
The greatness of USCIS is unbelievable!!!!!
When the dates move ahead, to say 2006, the 485s that get approved the most are for people whose PDs are in 2006. The 2004-2005 folks just have to keep starring!!! Then all of a sudden dates fall back to 2003...now only god knows who is yet to be approved in EB2-India before April 2003.
So what it seems like is when the dates move ahead drastically all the people who most recently applied will get approved and for the people who are stuck in backlog will see approvals only if the dates stick around their dates for atleast over a year....until then USCIS doesn't even realize that oh these people are still in queue and we need to approve them!!!
Such a BS to deal with all because of USCIS' GRACE!!!!
So, are we guys just sit and watch?? and post replies here?
When the dates move ahead, to say 2006, the 485s that get approved the most are for people whose PDs are in 2006. The 2004-2005 folks just have to keep starring!!! Then all of a sudden dates fall back to 2003...now only god knows who is yet to be approved in EB2-India before April 2003.
So what it seems like is when the dates move ahead drastically all the people who most recently applied will get approved and for the people who are stuck in backlog will see approvals only if the dates stick around their dates for atleast over a year....until then USCIS doesn't even realize that oh these people are still in queue and we need to approve them!!!
Such a BS to deal with all because of USCIS' GRACE!!!!
So, are we guys just sit and watch?? and post replies here?
more...
farhad
08-19 09:04 AM
I am out of state visa screened nurse after having a hard time passing the cgfns and other reqirment my sponser has filed me I-140 on 31th april 2007, I dont know why but they didnt give me the center name in which they file the petition, or recipt no., my questions are:
how long will it take to recieve the GC?
do you think the condition will improve for RNs in the future?
how can I find my case number without asking my sponser?
how long will it take to recieve the GC?
do you think the condition will improve for RNs in the future?
how can I find my case number without asking my sponser?
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browncow
07-05 05:09 PM
The idea is very brillinat and this actually benefits the current IV core too.
Usually, people get tired of leading a non-profit, too much of ones personal resources go into it.
A new leadership will bring new energy in form of people getting a title and make them more accountable to needs.
Every current commitee(current IV core) actually is the backbone of a non-profit, cos they carry lots of assets, in terms of connections they have developed, money they have accumulated, goals that they have set, etc...
So the current IV core can support the new commitee and take their help to take the organisation forward.
And as I previously mentioned, the organisation does not or should not cease to exits once our goals are met, they should then be lead by other non-immigrants who will have a whole different set of issues.
usually, a non-profits exec committee is elected by its members.
for eg. the 2009 members (paid), can vote for the IV president and the committe.
it doesnt make sense for evey EB immigant to go and start a new non-for-profit.
Usually, people get tired of leading a non-profit, too much of ones personal resources go into it.
A new leadership will bring new energy in form of people getting a title and make them more accountable to needs.
Every current commitee(current IV core) actually is the backbone of a non-profit, cos they carry lots of assets, in terms of connections they have developed, money they have accumulated, goals that they have set, etc...
So the current IV core can support the new commitee and take their help to take the organisation forward.
And as I previously mentioned, the organisation does not or should not cease to exits once our goals are met, they should then be lead by other non-immigrants who will have a whole different set of issues.
usually, a non-profits exec committee is elected by its members.
for eg. the 2009 members (paid), can vote for the IV president and the committe.
it doesnt make sense for evey EB immigant to go and start a new non-for-profit.
more...
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kumhyd2
07-13 02:50 PM
Count me in for san diego. Is a meeting already planned should we have one. How about a meeting near the beach/mission
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centaur
04-14 01:44 PM
I just got my H-1b renewed and no-one asked for the drivers license.
Maybe your lawyer's office just has a policy to ask for copy of everyones license for their records. Lots of professional buisnesses do this (physicians, lawyers' CPA's office etc.), but this is for their internal records and to be used in case of collection issues, for non-payment of their bills and such.
IV friends ,
Last week my lawyer has asked for copy of Driving License of me and my wife for filing the H1-B and H4 extension.
Then one of my friend told me that INS is asking for copy of the driving license for filing the h1-B extension.
My employer is supposed to file my 3 year Extension based on I-140 in Dec this year( Dec 2007) but my Licences expires on Sept 2008, So I will I be just getting the extension till Sept 2008 and Not 3 year extension.
Any Idea on that
I have already submitted my driving license to my lawyer.
Please Let me know because I was couting on that I will get 3 year extension this time :(
Maybe your lawyer's office just has a policy to ask for copy of everyones license for their records. Lots of professional buisnesses do this (physicians, lawyers' CPA's office etc.), but this is for their internal records and to be used in case of collection issues, for non-payment of their bills and such.
IV friends ,
Last week my lawyer has asked for copy of Driving License of me and my wife for filing the H1-B and H4 extension.
Then one of my friend told me that INS is asking for copy of the driving license for filing the h1-B extension.
My employer is supposed to file my 3 year Extension based on I-140 in Dec this year( Dec 2007) but my Licences expires on Sept 2008, So I will I be just getting the extension till Sept 2008 and Not 3 year extension.
Any Idea on that
I have already submitted my driving license to my lawyer.
Please Let me know because I was couting on that I will get 3 year extension this time :(
more...
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sunny1000
02-27 12:04 AM
still waiting...july 2002...NY
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girishvar
07-11 11:18 AM
Girish - CIR was meant to help the illegals not us folk. I hope we never have to see CIR again . It would just mean millions more ahead in line whereas we who have been waiting for years will be sent to the dustbin.:mad:
What I try to meant for legal relief from congress. I am really concerned about eb3 and many of my close friends are in the same boat.
What I try to meant for legal relief from congress. I am really concerned about eb3 and many of my close friends are in the same boat.
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arunmohan
09-05 09:00 PM
Arrived to USA on October 1999 at H1B. Started the green card in 2000 under EB2 but due to dot com burst changed the Job. Started again GC under EB3 in 2002 but the attorney and the company took one year to file the paper to USCIS.
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jasmin45
09-08 02:17 PM
Based on my research on net and discussion with economic savy friends and my own limited knowledge in economics, by any calculation, real-estate in India is going to be in deep trouble. It will be a uncalculated gamble to invest in realty at current prices in India just because the commitment is large and long term with 0 visibility
Even in NRI perspective, set aside the low GDP of india and assume that it will grow beyond wildest dreams in next 20 years (atleast I hope they will control the inflation), the prices are still beyond the Purchasing Power Parity between nations for example US and India. US PPP is around $41500 and stand at 8th position among world countries. Now all 7 countries above US are so called non attractive for NRI's. Where does india stand? 140th position with a Purchasing Power Parity of $3300. Only poor south african, south asian countries are below India in the list.
http://www.nationmaster.com/graph/eco_gdp_pur_pow_par_percap-purchasing-power-parity-per-capita
Assume that at some point in future you will need to realize the investment say 5 years from now or even 10 years. Who will buy it from you? only 2% of indian families potentially can earn $200,000 in life time. Given this, I think you can only hope that another NRI would earn and save enough at that time to buy from you paying more that what you have invested + (alternate investment value).
There are estimated 182000 including the ones waiting for approvals real estate flats and complexes are being built all across india's major cities expanding into suburbs. As someone said, NRI's invest in majority of the projects even before 10% of development is completed. These projects will be completed in next 5 to 7 years. Beyond that new projects that may come up in future which will potentially increase the supply combined with poor purchasing power of local folks and corruption is a real recipe for disaster.
I am sure majority of NRI's did not tak a deep look at economic and political scenarios before making decision on buying realty in India. I was shocked to hear one builder with such convincing tone, saying buy it now or you will loose the chance. After a week, he increased the price by 2% and told us that there is a huge demand and he already sold 20 units in 5 days since we talked to him. Hard to believe. I later heard that he is still selling units to NRI's :) and tells them same story.
That triggered me to do some research and study the situation in that country and when I try to connect the dots.. jeez its scary. It seems they do not consider capacity of drainage, sewer and waste disposal in the area to support increased usage in their project building these flats which will house 100's of new families. Public water supply pipes are also not expanded around the development area to cater increased demand and consumption. Builders just connect water pipes to the nearest public water supply point. God knows when, that public water supply pipes were layed and to support how much consumption? Water preasure in these buildings are 0 and you just see drops :) Solution to this, Builder says its a common norm that all occupants will buy the water and share the cost.
I am not throwing the my small savings to gamble in India. If you get a good deal, go for it or just wait for a correction. Now the question is what is a good deal in given circumstances? If the rotation slow down, investment locks up, poor local PPP with make credit expensive and preasure will build on borrowers to liquidate property which will lead to fall in prices. We can even expect a credit crisis in India in next couple of years.
Do not even compare effect of credit crisis in US to if at all it is going to happen in India. US is still the strongest economy and India is not. (I am not talking about growth rate here but the depth)
I agree! I would't invest in India either. I believe awareness about these facts will save atleast few folks from being duped of hard earned money.
Even in NRI perspective, set aside the low GDP of india and assume that it will grow beyond wildest dreams in next 20 years (atleast I hope they will control the inflation), the prices are still beyond the Purchasing Power Parity between nations for example US and India. US PPP is around $41500 and stand at 8th position among world countries. Now all 7 countries above US are so called non attractive for NRI's. Where does india stand? 140th position with a Purchasing Power Parity of $3300. Only poor south african, south asian countries are below India in the list.
http://www.nationmaster.com/graph/eco_gdp_pur_pow_par_percap-purchasing-power-parity-per-capita
Assume that at some point in future you will need to realize the investment say 5 years from now or even 10 years. Who will buy it from you? only 2% of indian families potentially can earn $200,000 in life time. Given this, I think you can only hope that another NRI would earn and save enough at that time to buy from you paying more that what you have invested + (alternate investment value).
There are estimated 182000 including the ones waiting for approvals real estate flats and complexes are being built all across india's major cities expanding into suburbs. As someone said, NRI's invest in majority of the projects even before 10% of development is completed. These projects will be completed in next 5 to 7 years. Beyond that new projects that may come up in future which will potentially increase the supply combined with poor purchasing power of local folks and corruption is a real recipe for disaster.
I am sure majority of NRI's did not tak a deep look at economic and political scenarios before making decision on buying realty in India. I was shocked to hear one builder with such convincing tone, saying buy it now or you will loose the chance. After a week, he increased the price by 2% and told us that there is a huge demand and he already sold 20 units in 5 days since we talked to him. Hard to believe. I later heard that he is still selling units to NRI's :) and tells them same story.
That triggered me to do some research and study the situation in that country and when I try to connect the dots.. jeez its scary. It seems they do not consider capacity of drainage, sewer and waste disposal in the area to support increased usage in their project building these flats which will house 100's of new families. Public water supply pipes are also not expanded around the development area to cater increased demand and consumption. Builders just connect water pipes to the nearest public water supply point. God knows when, that public water supply pipes were layed and to support how much consumption? Water preasure in these buildings are 0 and you just see drops :) Solution to this, Builder says its a common norm that all occupants will buy the water and share the cost.
I am not throwing the my small savings to gamble in India. If you get a good deal, go for it or just wait for a correction. Now the question is what is a good deal in given circumstances? If the rotation slow down, investment locks up, poor local PPP with make credit expensive and preasure will build on borrowers to liquidate property which will lead to fall in prices. We can even expect a credit crisis in India in next couple of years.
Do not even compare effect of credit crisis in US to if at all it is going to happen in India. US is still the strongest economy and India is not. (I am not talking about growth rate here but the depth)
I agree! I would't invest in India either. I believe awareness about these facts will save atleast few folks from being duped of hard earned money.
hairstyles Happy Birthday
anyluck?
12-10 05:58 PM
Biggest mistake or unlucky whoever missed July 07 fiasco.
khukubindu
01-03 12:32 PM
Has anyone have any idea about this ?
icedgin
07-30 11:08 PM
Angel,
I have come across one interesting procedure in the USCIS website regarding beneficiaries of LPRs and I am asking a friend in the US in an immigration law firm to verify about this. I am just waiting for her to provide me the details and I will inform you about it since you can also be filed as derivative beneficiaries of your wife as an alternative way for you and your daughter to be with your wife.I do pray and hope she gives me a positive response.
I have come across one interesting procedure in the USCIS website regarding beneficiaries of LPRs and I am asking a friend in the US in an immigration law firm to verify about this. I am just waiting for her to provide me the details and I will inform you about it since you can also be filed as derivative beneficiaries of your wife as an alternative way for you and your daughter to be with your wife.I do pray and hope she gives me a positive response.
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