NANAL
NRIs and Real Estate
NRIs and Real Estate
Valli Palaniappan
For this issue, we have requested Sethuraman Sathappan, Assistant General Manager, India Operations, Scotiabank, India, to discuss about the opportunities available for Non Resident Indians (NRIs) in the real estate sector. He is a regular columnist on the Tamil news daily, Dinamalar, reviewing stock markets and answering questions pertinent to export/import.
He has written several business articles on Tamil magazines such as Kumudham, Thozhil Ulagam, and Maratiya Murasu. He has penned three Tamil books on exports and authored/co-authored books in English for children and expatriates, which were published by Citi Bank.
In the article below, he discusses with us about the investment options open for NRIs, the leasing and selling of the purchased property, repatriation and tax implications, and the ways to deal with the property purchased before one has become the NRI or acquired through gift or inheritance.
You may find his view on what nagarathar NRIs can do—especially for parents and elders of NRI nagarathars who live in India—interesting. He makes an earnest request to NRIs building a city near Chettinad area. He calls such a city =Nagarathar City‘ and dreams of that city having all the modern amenities you can think of.
Get excited? Read on the article and tell us if it was useful to you as an NRI, what you think, and what would like us to talk about in the next issue, and so on. Please reach us through www.achi.org or support.nanal@achi.org. We will publish your views on Letters to the Editor. Refer to Page 2 of this issue for more information on the Letters to the Editor.
President's Letter
Dear Fellow Nagarathars and respected members of our community -
It gives me great pleasure in having been chosen as the next NSNA President, 2010-2011, and I accept this honorable position with sincerity and gratitude. I have seen this organization grow by leaps and bounds since its infancy, approximately thirty-five years ago. I hope I will strive up to the standards that the previous presidents have set, and I am very glad to have my EC committee represent this organization for the upcoming 2 years.
அன்றும் இன்றும் Nagarathars in Arts & Literature
உன் ஆழமே உன் உயரத்தின் அதாரம்,
The Significance of Navarathri
By Alagu Vairavan
Navarathri (nine nights) is an auspicious Hindu festival where devotees worship the divine Mother Devi Durga, a ten-armed goddess who destroyed evils and brought peace in the uni-verse. The divine power of Durga comes in three forms of energies, considered to be a com-bination of the Trinity of goddesses, Parvathi, (goddess of power and strength), Lakshmi (the goddess of wealth) and Saraswathi (the Goddess of knowledge and learning).
Bell Pepper and Tomato Rice with Cashews
Bell Pepper and Tomato Rice with Cashews
Alamelu Vairavan
This hearty, flavorful, and nutritious rice dish is filling and delicious!
Serves 12
2 cups basmati rice
Achi‘s Corner
Cauliflower Soup
Alamelu Vairavan
Thin dal-based soup with cauliflower and aromatic seasonings.
Serves 6




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By Geetha Alagappan (Houston)